The Easy Way To Write A Business Plan – 3 Key Steps

Most people find creating a business plan one of the hardest things to do when setting up a business but it doesn’t need to be. Like everyone else it’s not one of my favourite things, so I decided to look of ways at making it easier. Having written and reviewed many plans over the years I discovered that if you have the right formula then the planning process becomes much easier.

This article is dedicated to explaining the right formula and giving the 3 key steps for easy success in writing business plans.

1. Find a template

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Top 10 Business Plan Myths of Solo Entrepreneurs

A recent study of 29,000 business startups noted that 26,000 of them failed. Of those failures, 67% had no written business plan. Think that’s a coincidence?

Here’s the top 10 myths Solo Entrepreneurs often have about business plans-usually, the reasons why they don’t have one. De-bunk the myths, and see how having a business plan for your solo business, can actually be easy and fun–and can jumpstart your success!

1. Myth: I don’t need a business plan–it’s just me!

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Setting Up a Sound Business Plan

Business plans can be one of the most effective tools for the small business owner who is starting, growing and even managing a business. The business plan can have multiple uses and advantages. Provided is a list of important reasons to create a business plan:

  • The business plan is simply a must have for small businesses
  • Helps make important business decisions
  • Offer a reality check
  • Create new ideas
  • Creates a plan of action

» Read more: Setting Up a Sound Business Plan