So you think you have a winning idea for a small business? That’s great! But how are going to do it? How well do you know the market? And what are the potential risks? You answer these questions by writing a business plan.
Most people set out to write a business plan because it is required to get a loan, but remember, it is for your benefit as well. One of the biggest benefits of writing a business plan is to review if your plan will actually work. No matter how much you want to sell that plan to investors or loan officers, you need to know your business strategy inside and out to make it happen. Turning that into writing does not come naturally, but fear not. There are hundreds of resources out there to help you write your plan and think about the particulars of your vision.
Here are three recent books that will help you bash out a winning business plan.
- Check out our monthly SCORE Workshop starting next year in the spring. These classes will eventually cover writing a business plan and everything else you need to turn your dream into a reality.
- The U.S. Small Business Administration should be your first stop for outside help if you are opening a traditional small business. There are some nifty tools that will help you figure out what kind of plan you need and what you need to build it. I especially recommend checking out the market research and startup cost calculator before writing your plan.
- Strategyzer offers many amazing services to quickly build a lean business plan. They also offers classes to teach business concepts and to get even more out of their software.
See you at the library!