When and Why YOU Are the Best Writer for Your Business Plan

WHEN you are operating or planning a small business that is seeking funding for less than five million dollars, it's wise to consider writing your own plan.

WHY you are the best qualified. You probably have superior knowledge of your target market, prospective customers and your product or service. If not "superior," at least, you have adequate knowledge. You are probably resourceful enough to find the necessary data and general information.

Are you planning to write a novel or describing a set of business conditions and functions? Your descriptions need only to be accurate, factual and realistic. You are equal to the task if you know how to construct simple sentences. There's ample free or inexpensive advice available to edit your writing output. Good writing results from re-writing.

Many of the business plan guides available in your local community are free. There are plan writing coaches with reasonable rates and arrangements.

Compare the benefits from writing your own business plan with the costs and shortcomings of a plan written by a third party.

1. Personal development is a spinoff from your investment of time and energy. Being able to write a plan is a valuable management skill that remains with you.

2. During the writing process, you create additional ideas and variations. Your pride in your accomplishment will be apparent to your readers and others.

3. Your composition is easier and less costly to revise. Business plans are noted for quickly becoming out-of-date because data, circumstances and events are ever changing. Different lenders or investors have varying requirements and almost all request some alteration or additional information. Suggestions from associates and reviewers are easily inserted. Your visions remain adjustable and flexible.

4. Confidential data remains in YOUR files where you can easily access it for applying to other purposes.

5. You are more aware of discrepancies or inconsistencies which you can defend or correct. Your investor or lender may be able to supply privileged information such as economic analyses, highly protected marketing intelligence or pending legislation.

6. Ease in converting into internal project plans increases your return from your major writing investment and reduces "re-inventing the wheel" for subsequent projects or plans.

Writing your own business plan requires a little courage. If you are operating or planning to operate your own business, it's a good bet you've got loads of that! The next requirement is time. Study the benefits listed here and I'm sure you will manage that accordingly.

Gerry McRae offers advice, coaching and guidelines for writing business plans on his website, http://www.UncleMaxSays.com. He has written his own business plans for several successful enterprises and has coached hundreds of students and practitioners in writing plans.

---

The End -- Fireworks or Fizzle?

Seems as though there are a lot of business closings... Read More

Find Some Sample Payroll Check Stubs on the Net for Easy Reference

Starting a business? For many people, the bravery to venture... Read More

Small Business Mistakes: Are You Making Enough of Them?

That's right ­ are you making enough mistakes in your... Read More

Janitorial Cleaning Service: Getting Started

A janitorial cleaning service is one of the best businesses... Read More

Looking into the Future for Profits

How to identify future solutions and opportunities?Your power page, if... Read More

Small Business Essentials: Start Here

Thinking of starting a business on line? If so there... Read More

How to Curb Antique Shop Theft Inexpensively

If you have ever had your antique shop or mall... Read More

Todays Chef, Tomorrows Restaurateur -- Startup Tips by Restaurant Consultants Inc

Researching information for a recent business plan, I came across... Read More

How To Choose A Franchise

You'd like to go into business for yourself, and believe... Read More

Procrastinate Your Way To A Successful Small Business

What will your business look like a year from today?If... Read More

Secrets of Cleaning Truck Trailers in Your Fleet from a Veteran Truck Washer

Cleaning the trailers towed by big trucks is not easy,... Read More

Top Ten Blunders Business Owners Make

In today's marketplace the words 'job security' have become an... Read More

How To Plant Seeds of Success With Small Business Ideas

Think of all of your business ideas as tiny seeds... Read More

Small Businesses with BIG NAMES: Protect Your Trademarks and Reap the Rewards

You're a small business owner with a hot new product... Read More

From Birth to Death

Your product is dying. With the same inevitability that we... Read More

An Example of Business Automation - eCards with pizazz

The last time I spoke and went into a bit... Read More

How to Profit from a Concrete Roof Tile Business

Concrete Roof Tile Business: During the 2004 summer season, storms... Read More

Frodos Journey: What It Can Teach You About Marketing Your Small Business

Just recently, I took a break and caught "The Return... Read More

The Wrap on Ag Plastic

While driving through Pennsylvania farmland, you have probably noticed an... Read More

How Mastering 5 Essential Money Making Ideas Can Lead Your Business to Longterm Cashflow

Essentially there are 5 tremendously powerful methods to make money... Read More

A Look at Incorporating a Business in Florida

As you may know, there are many ways to incorporate... Read More

Using Holidays to Put Some Extra Cheer in Your Cash Box

No matter your age or station in life, we all... Read More

Three Big Barriers To Small Business Marketing Success

When you feel like you're always busy working on your... Read More

Secrets Revealed To Having The Most Professional Staff On The Telephone!

Do you have all the customers your business can use?The... Read More

Your Babys Ugly..and Youve Got Bad Breath

I've got good news and bad news. The good news... Read More

Small Business Survival

In today's economic climate, the first priority for the small... Read More

Home Based Franchise Case Study

Here is an interesting case study of a company, which... Read More

Competition in the Mobile Car Wash Industry

We have all seen the mobile washing units cruising our... Read More

Joint Venture Your Way to Extraordinary Sales!

You know what makes me really happy? Drinking a Starbucks... Read More

Contract Cleaners ? A Guide for Business Part 2

In the first part of this article I put forward... Read More

Business Owner--Educate Thyself!

Remember the training programs, seminars, and workshops you had to... Read More

Are You a Small Business Lone Ranger? Take My 10-Question Quiz To Find Out!

So what exactly is a "Small Business Lone Ranger?" A... Read More

Mobile Detailing Environmental Concern in the Deep South

Macon, GA goes after garage-gas station conversion detail/hand car washes... Read More