Writing a Business Plan is important for your
business. Given below are some tips for writing a sound
Business Plan:
- Write a comprehensive business plan inclusive of financial and marketing plan.
- Your marketing strategy should be built around your strengths, your competitor's weaknesses and your customers' desires.
- Test the reality of your business—know why it will work and how you will make it work. Think your business through step by step.
- Allow at least two hours every week for thinking and planning. Do not allow anything to interfere with this time. You run the business. Don't let it run you.
- Establish an annual operating plan. Review it and update it monthly with appropriate employees.
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