Business Planning

The easiest way to write a business plan is to break it into small parts and work on each part so the project seems less overwhelming. Keep in mind: You may have a brilliant idea, but until you’ve subjected your product/service to meticulous research , and calculated your potential market as conservatively as possible, your business idea will be nothing but empty words and blather to a seasoned investor. There has been much research on how the mere act of putting your plan on paper helps you achieve your goals.

For example, a great resource is Financial Performance Data, an online tool which can help you create an accurate financial profile of your business. We’ll break down the elements next week, but here are some basics that most every business plan contains. This can also be called Business Development – fancy name for a bag carrier, but also at some …