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 Business plans are noted for quickly becoming out-of-date because data, circumstances and events are ever changing.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.

---

Provide Affordable Health Care To Employees At Little To No Cost To You

You can provide affordable health care plans to your employees.... Read More

Small Business Success Secret: Focus on Your Genius Work?

Do you know what your genius work is? It's the... Read More

Banking and Company Credit Card Policies for Small Business

Does your small business have a banking and credit card... Read More

Modern Clear Coats, Auto Detailers and visit to Lexus of North America

We visited Lexus USA, home of the Lexus North America... Read More

Professional House Cleaning - The Dirty Little Secret

Are you tired yet of all the books out there... Read More

Consistency with Janitorial and Cleaning Businesses

Consistency is a huge word when operating your business. I... Read More

City Wide Garage Sales: Hidden Riches!

Most of us remember going to at least one garage... Read More

How to Start an Office Support Service

Office support services can range from basic data entry to... Read More

Making Your Product Desirable For Alliance Partners

How do you make sure you have the business solutions... Read More

Essex Accountant: Accountancy Firm MVP for Your UK Business?

Most business owners know when they need an accountant, but... Read More

Deciding Which State To Incorporate Your Small Business In

Once you've decided to incorporate your small business the next... Read More

The Virtual Assistant

As a small business owner, outsourcing work to Virtual Assistants... Read More

Creating a Power Plan

Part of the power plan is making sure you have... Read More

Small Business Owners - They Owe You The Money Why Dont They Pay?

Doesn't it frustrate you when you've given good service, sometimes... Read More

Small Business Pricing Strategies

TACTIC #1 -- Never simply slash your prices, unless you're... Read More

The 5 Traits of Baby Boomer Business Owners

As a practitioner and student of Small Business Marketing, I... Read More

The Perilous Franchise Agreement: What Did You Sign?

Purchasing a franchise has become one of the most popular... Read More

The Advisory Board: A Business Owners Most Valuable Resource

As a company grows, the owner's role begins to change.... Read More

Small Business Grants - Tips from the Pros

Every business starts with an idea or a dream. To... Read More

Virtual Assistance for Healthcare Professionals

Administrative and clerical tasks are the bane of every industry.... Read More

Top 7 Small Business Resources for 2005

If you want to start a business in 2005, and... Read More

Dispute Resolution of Territory for Mobile Franchised Companies

Franchisors of home based and mobile businesses need to carefully... Read More

Don?t Wait for the Perfect Plan

1. Don't Spend Too Much Time PlanningWhen you are entering... Read More

The Game Plan ? The Difference Between Small Business Success And Failure

It is an American dream to own a business. But... Read More

Building Marketing Momentum For Your Small Business

The success of your business depends on your ability to... Read More

Setting Up as an Electronic Repair Authorized Service Center

If you plan to upgrade your workshop into an Authorized... Read More

Conquering Confidence Killers for Small Business Success

"The way to develop self-confidence is to do the thing... Read More

Combating Over Regulation of Small Business

Many small businesses do quite well due to the blood,... Read More

Business Checks are an Added Cost to Your Small Business - Try Making Them Yourself!

Starting and managing a small business is no fun chore,... Read More

Keeping your Business Alive

As long as you eat and breathe you will stay... Read More

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

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

A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs

Before you start a business we encourage you to prepare... Read More

Genius Time? It Matters

I frequently give presentations at small business gatherings, providing me... Read More