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Writing a Business Plan is Not Something to Delegate

How to write a business plan is among the very first decisions you, as a future business owner must make. Do you write it yourself, or give in to the temptation to take an easier path? By taking ownership of this first, most important step in building your business, you will gain far more than a crisp document to be read by others. You will develop a deep understanding of what it will take for your business to succeed. For this reason, it is essential that the business owner be the primary thought leader or sole author of the business plan. Outside help should be reserved for fine tuning, validation and in some cases to prepare financial projections.

Let it be YOUR Business Plan

As the founder and business owner you will be charting the course for the business. It will be important that the business plan be an extension of your personal vision for the company. For most entrepreneurs, the opportunity to call the shots and lead the way was an important part of why they wanted to get into business. Now is the time to start being a leader. Leaders develop their own plans and call the plays along the way. When it’s not your plan, you relegate yourself to performing as an operator. You will find yourself going back to the business plan someone else wrote to occasionally re-read the directions, or ignoring it altogether. Either way, the value of having a plan has been greatly diminished.

The Value is in the Process

The act of writing a business plan is one of forced discipline, problem solving and reconciling the results. When approached and completed in this manner the end product and the process itself will increase your self-confidence and assuredness about where your business is headed.

Starting with a simple business plan template, and there are lots of them available, force yourself to think through all the critical aspects of the business. This will be an iterative process that you repeat, fine tune and re-write. As you develop each section of your business plan, your thoughts about the other sections will evolve-even those that you’ve already written. You go back, edit and in the end, you make it all work together. That’s the idea. You are developing an understanding of the relationships between every aspect of your business.

To underscore the importance of writing your own business plan, take this little exercise. Read the paragraph below as quickly as you can. Then stop, take a breath and move on to the next one.

Who will my customers be? What problem will I solve for them? How much are they willing to pay to have this problem solved? What are my costs associated with each sale? Why will customers choose to buy from my business? How will I find customers? Who will sell, produce, and deliver? Which markets will I go after first? Why? How much will it cost to operate the business each month? What will my break even point be? How fast can I get there? How much startup capital will I need? How will I succeed?

Okay, slow down now and consider this: The most important question isn’t listed. The most important question is, “How are these factors interrelated?”

Imagine that today someone handed you the answers to all of the questions from our fast-read drill above. It would certainly save you a lot of time. Better still, these wouldn’t be just any answers, but they would be the right answers from a solid business plan for a business that had already been proven to be successful, a business just like the one you’re planning to start. You could read and re-read the answers many times over, practically memorizing them. You would know that they were the right answers. Yet, doing so will not help you develop an understanding of how the answers are interconnected.

If you change the way you plan to find customers, how will that impact your monthly operating costs? If customers are only willing to pay 80% of your planned price, what will that do to your break even point? How will the answers to these two questions impact how much capital you need to start the business? This example looks at just two questions. Realistically, the answer to each question is highly dependent on the answers to several of the other questions. In the end they must all work together and you must understand how they all work together.

If you develop your own business plan, section by section, thinking through all of the answers to the critical questions, you will also develop an intuitive sense of how they work together. It will require a lot of thinking and rethinking of your ideas and it will take time. This is not meant to be a fast drill. In the end, it will be the difference between memorizing the lines and actually being the character. Small business ownership is not the place to be reciting someone else’s lines. You are the character. Write your own lines. Be the leader.

When to Bend the Guidelines

There are some times to reach outside for help. For example, perhaps you would say, “I’m not a numbers person; I don’t think I can do the financial projections.”

First, plan to become more of a numbers person because business ownership is about numbers. Sales, expenses and profits are the three that are most important. Even so, many business operators who have a good feel for the numbers need assistance with spreadsheets and financial statements. It is okay to get outside help preparing your financials, just be sure that you understand them when they are complete. If you are going to pay someone to prepare them, be sure that they also save time to go over them with you from top to bottom. Ultimately they are your numbers.

Others might say, “I have great ideas, but I’m not a great writer.” It’s understood that there can be a lot riding on someone else reading the final product of your business plan-such as a loan or an investment decision. For that reason, if you are not a strong writer you should start by going through the process of organizing, writing and rewriting your own business plan as best you can. Force yourself to go through all of the steps of writing, rethinking and rewriting as your ideas evolve. Then, have someone else take your finished draft and craft the final polished document. What is important is that the final document must accurately reflect your concepts, ideas and thought process, not the editors.

What if I Just Can’t Do It?

Finally, some would say, “I want to start my own business. I am a strong operator, but honestly, I don’t think I could write a business plan myself. What do you suggest?” Simple: Buy a franchise! They are perfect for people who are strong operators where someone else provides the strategic plan, the systems and some guidance. This might be the best ownership model for you. That’s a topic for another day.

Writing Business English Lesson Plans

It is very important for any teacher to prepare a lesson plan before going to a class. This helps to save time and ensures that learning objectives are met. Business English plans are an example of the many different lesson plans prepared by the teachers. In writing business English plans, a high level of professionalism is required. This is because, the students are professionals who seek to improve their language skills and subsequently enhance their communication skills.

The exercise of writing plans is not an easy one especially to those who are new in the teaching profession. It requires teachers to put in a lot of time and thought so as to come up with an acceptable business English lesson plan at the end of the day. However, it is different for those educators who have gotten used to the idea of writing business English plans before a lesson as they find this exercise to be interesting.

It is recommended that teachers should prepare good plans that will assist them in guiding the lessons in the most professional way. Teachers are advised to keep aside their interests while preparing the business English lesson plans so as to avoid being biased and consequently bolster objectivity of the lesson plans. If it is a real challenge to write professional plans, a teacher can use the help of business English plan writing services.

Writing plans requires those in the teaching profession to create detailed lesson plans that articulately indicate all the process that will be involved. While writing plans, it is worth noting that the lesson plans should be customized based on the topics to be discussed. This way, organization is enhanced during lesson time as the teacher will know what comes after what. In addition, the interests of the students will be met and so will the learning objectives of that particular lesson.

It important to have the right skills in writing plans. Writing business English plans that do not meet the required standards is disadvantageous to both those who are in the teaching profession, and the students. The competency of those in the teaching profession will be questionable. The students will then fail to meet the learning objectives associated with any business English lesson. It is therefore very essential that teachers possess excellent business English plan writing skills. This way, they can prepare incomparable lesson plans that are acceptable to all those in the teaching profession.

Writing a good and quality plan can be a huge challenge and tedious exercise. It is however, very important to come up with a lesson plan that will act as a guide during a lesson. This way, a teacher is able to deliver the message accordingly and in the right manner to the students. The students will thus enjoy the lesson and will be empowered appropriately.

How to Make a Good Business Plan That Works

If you want to start your own business and then you need a solid business plan. Imagine of your business plan as being similar to a list of answers to questions that people might have regarding your own business. It is essential to have a clear vision and it is necessary if you need to request for a finance to have a business plan. They will want to know what is your planning and how you are going to get there. If they are going to take a risk with you they will want to identify what your plan is about from the inside out.

According to US small business reports, 90 percent of all small businesses fail in the first two years. Why?

In most cases they do not have solid and detailed business plan. it will helps you with a idea for mounting your business and will significantly get better the chances that your business will succeed.

Here are few key considerations for making a good business plan:

1. It should contain all the essential information that your business needs to achieve its objectives. These should comprise budget forecasting, operations and restructuring of the plan

2. It should be capable to illustrate the business strengths and areas weakness. The plan should offers information regarding the future of business.

3. You should include the scope, time, and strategies into it. Strategies can be made according to scope and time.Identify your scope fist then take time to make your strategies.

4. it should have organizational charts, marketing strategies, financial and budget planning and production plans. These components make business plan realistic and true.

5. it should be goal oriented, and tell you what are your goals and your strategies to achieve them. A plan should include the essential steps for the business to attain its goals.

6. it should help business owners to focus on latent internal and external problems. Once potential problems are acknowledged, the solutions should be added to plan.

7. It should have proper marketing plan and strategies. You can include marketing analysis, your customers details and your advertisement strategies in marketing plan. Remember Marketing and financing are also a crucial part of the plan

Future of your business is depending on effectively constructed business planning table. You can find many ideas from internet and you can begin to obtain some idea of how much work is going to be involved to write one of your own.

Your plan should be capable to illustrate the business strengths and areas weakness. and it should offers information regarding the future of your business.