A majority of entrepreneurs accept the need for creating a business plan. However, a few often fail to realize that an effective and comprehensive business plan can lay down a road map to success for their businesses.
While a professionally crafted business plans does not guarantee success, for entrepreneurs with great business ideas, it certainly increases the probability of them crossing the finishing line sensationally.
Often a business plan is used as a sales document with an aim to impress an investor, rather than provide an extensive strategic and operational road map of the venture. This often fails to achieve the desired results, leading to entrepreneurs blaming the vehicle i.e. the usefulness of a business plan rather than the quality of goods being transported, i.e. the content included in the document. A business plan needs to capture the essence of a business and its delivery mechanism to attract investments.
At BPlanExperts we believe that without a proper structure, or by using cookie cutter templates a business plan become rudderless with essential information and data ending up in a haphazard and reactive manner, thereby losing its basic intent and purpose.
If drafted professionally, a business plan has the ability to serve multiple activities, as shown below.
About the author:
BPlanExperts is a business planning firm. For information related to business planning, startup consulting and funding visit www.bplanexperts.com