What’s the best way to draft a business plan if you are not trying to get a loan?
A business plan just needs to accomplish a few things and you can draw it out on a napkin if needed:
3 THINGS EVERY BUSINESS PLAN NEED TO ACHIEVE FIRST
- Give you confidence you have a profitable winning idea.
- Who is your target customer and how will you market/ sell to them?
- Give you clear direction on how you are going to start and grow this business.
7 STEP BUSINESS PLAN ON A NAPKIN
- Why this business? What about it appeals to you and why you believe (with support/facts) it will be profitable?
- Who is your competition and how will you be different?
- Who is your target customer and how will you market/ sell to them?
- What do you need to get this business off the ground with costs?
- What will be your ongoing costs?
- Who will you need to get this business off the ground and operating?What is your plan to make this a GREAT business?
