| Often people who are very good in business will have | | | | It's about "planning" not just completing it to show to |
| their friends come to them when they have an idea of | | | | your Angle or pitching to potential investors." |
| a new company to start. Generally, we all recommend | | | | Next, I explain that, "first, as I build this plan, I was hoping |
| that it makes sense to prepare a business plan to help | | | | you might spend a couple of hours making some |
| bring investors on board, or to take to the bank to | | | | notes. Perhaps, print the outline I've prepared and think |
| borrow the money to start their company. Still, it is a lot | | | | about it." |
| of work to prepare a business plan, and it is even | | | | A seasoned MBA student, small-business owner, or |
| harder if the individual wanting to start the new firm | | | | long-standing entrepreneur will have no problem putting |
| doesn't know where to start themselves. | | | | together a plan if they have all the right information up |
| This is why I recommend if you are doing such | | | | front. Putting together a rough draft is not all that hard, |
| entrepreneurial planning that you discuss many things | | | | if you have the major components in place. Once a |
| with the person who has the concept for the new | | | | rough draft business plan is put together, the person |
| venture, and work with them every step of the way. | | | | with the concept can then began to write in the |
| One way I have found to do this, is to prepare an | | | | margins, in between the double space sentences. |
| outline prior to creating the plan, and then ask the | | | | And if the process goes back and forth like this for |
| entrepreneur: | | | | three or four times, you are bound to have a solid |
| "If you can give me a sentence or two under as many | | | | strategy that looks and feels right, and it is ready to put |
| of the headings as possible, this will help speed up the | | | | to the test to secure the financial needs of the future |
| process. So the plan is convincing, don't worry we will | | | | business. Please consider all this. |
| constantly be changing it as we go, saving old drafts. | | | | |