Every business should have a business plan. A business plan can help you organize and structure your business. It can keep you on track with marketing goals and strategies. Starting a business without a plan is like trying to write a novel without an outline. You need an idea of what you need to do and where the business is going before you start. Read the following features of a good business plan to get started.

Business Plan Tips

  • Keep your plan simple and straightforward.
  • Bullet points make for easy reading but give brief explanations when needed.
  • Use business charts for any numbers like income projections and reference them in the text.
  • Use a simple, common font in 11 or 12 point size with only two variations for the headings and the body.
  • Break it up into sections with page breaks.
  • Use spacing to keep it easy to read. A common mistake in any writing format is to add too much detail. A little “white space” will make your document easier to read.
  • Always spell check your document and proofread for common mistakes like “form” instead of “from.”
  • Have someone else read your business plan. You may be too close to the business to know if some elements of your plan will work. A second opinion from a friend can help you know if your plan is a good one.
  • A business plan is never finished. A good business plan is continually revised as your business and the market grows and changes.