A Business Plan Can Make Your Business Opportunity Real
A Home Business Article Contributed by Barbara Gibson
Funding Can Your Business Opportunity a Reality
If you would like to move your business opportunity into an actual business, you will need to familiarize yourself with the business plan. There are many excellent websites, and even some classes that will walk you through the process of creating a business plan. Creating a business plan is important for two reasons. First, you will need to present a business plan to potential funders. The plan must demonstrate that your idea is well conceived and marketable.
It is also a good idea to write a business plan even if you will not seek funding because a business plan can help clarify your goals and plans. It can also help you anticipate needs and challenges that might otherwise signal a preventable business death. Business plans typically have four main sections It is key that you address each if you want to make your business opportunity real. The components are:
1. Your business description
2. Your marketing plan
3. Your financial information
4. Your business management plan
In this article we will give some suggestions for getting through the process of writing a business plan.Remember, your business opportunity will likely never be a business until you tackle a business plan.
Describing Your Business Opportunity
Readers will appreciate a concise, well-written description that imparts more answers than questions. Perhaps as important as the content of your business description is the presentation. Take great care to avoid any typographical, spelling or grammatical errors. Some of the most common mistakes are identified by word-processing programs, but you should not trust this job to your computer alone. Let your proposal rest for a couple of days after you have finished writing.
Mistakes will stand out more clearly with a little distance. You should also ask one or two trusted friends to read your proposal. It is critical that you choose people whose judgment you trust and who are comfortable with being straightforward It will not help you if your reader can't or won't tell you that your proposal doesn't make sense. Better to hear it from the reader than the funder.
Having said that, it is important to resolve, in advance, that any criticism you hear will ultimately be of benefit. Remember, it isn't personal.
When you sit down to write, begin with an outline. For some, a blank page brings up dread and fear If that describes you, begin by writing anything. Words, thoughts, song lyrics, as you relax and release yourself from the obligation of creating something perfect on the first try, you will find there is something on the page you can use. Switch to another clean sheet of paper, or cut and paste and build on what you have. Don't worry about who will see it.
If it makes you feel more comfortable, you can label it as a draft, password protect it or lock it in a box As the plan begins to take shape, make sure to include what you intend to do, who will benefit, and what experience you bring to the task.
Conveying Enthusiasm and Confidence in Your Business Opportunity
Your business opportunity represents a wonderful chance to stop dreaming and start doing what moves you. Writing a business plan is your opportunity to inspire others to support your dream. Your business plan should show your business opportunity to be potentially viable.Let's face it, a new business opportunity is marketed everyday. Your business plan must show that yours stands out among many.
