Interesting question, eh? What kind of plan? A life plan? A personal development plan? A business plan? For the purposes of this article, we’ll be talking about the ultimate combination of passion and purpose – a business plan. This is a bridge between worlds.
Okay, so where do your brilliant business ideas or insights begin? Someplace other than the physical world, right? Regardless of the source, something has to be done to make them real, to make them tangible in the world. A business plan forces you to write things down, put into black and white the concepts and ideas to make them real.
That is a great piece of awareness, right? How do you do it? How do you write a business plan? Most people have never written a personal life plan, so how are they supposed to write a business plan. Of course they could hire someone. Most consultants changer thousands of dollars to write business plans. Is that an option for most people? Probably not.
Still, there are pages and pages of resources available with a simple Google search. Most of them are information on the components of a plan in outline form with some brief descriptions of what you need to put in the sections. Does that help you write it? Sometimes you can find examples in sample business plans. How do you craft YOURS, though?
Well, there are many classrooms that you can get the information, most of them with a cost involved. Still, you have to take the time to redefine your schedule in most cases. Do you have that kind of time. Some make it. I taught business plan writing classes for women and minority business owners. Some of them became very successful.
Surprisingly, the classes would start with 35-40 people in them and by the 10-week class was over there would be 6-8 left. That is a very high attrition rate. Great ideas don’t often find their way into a workable plan. Sometimes life events happen and the time devotion necessary to complete a plan just isn’t available. Some choose to devote whatever time is necessary.
Now, a decade or so later, I’ve taken the classroom workbook and re-written it so it walks you through the entire process independent of a time frame. You can do it when you have time. I deliver it over 10 weeks so that you are more apt to work on each module when you get it.
There is also a set of excel financials, spreadsheets that are integrated into a fill-in-the-blank workbook. You don’t have to create the formulas that produce the numbers you’ll need for acquiring investors or loans. Everything is already done for you. Pretty cool, huh?