Small Business Talk

Here’s more hints and tips on small business planning — specifically with respect to putting together a formal business plan.

When possible, use specifics rather than generalities.
Incorporate contingency analysis in your plan to anticipate unforeseen or negative cirucmstances and events (such as “sales 14% ower than expected”). Think about what you will do when things go wrong.
Convince plan readers you’ve covered the bases.
Writing a business plan is an art as well as a science. There are many ways to do it that can work well. If you need the best business plan you can develop (e.g. to get a bank loan), consider getting help from someone who’s done some successful business plans already.