Business Plan Tips That Really Work

by David E. Gumpert
NetMarquee Online Services Inc.

Few assignments confronting entrepreneurs are tougher than that of writing a business plan. The assignment typically comes up when businesses must seek financing–and it must be completed quickly, and under pressure.

What follows is an outline of the key practical issues associated with developing a business plan–the length, the key sections, and the writing process.

What Is a Business Plan?

• A Good Definition: By answering this question, you get a handle on how to handle the tone and direction of your plan. Most fundamentally, a business plan is a document that convincingly demonstrates that your business can sell enough of its product or service to make a satisfactory profit and be attractive to potential backers.It’s a selling document that you write for potential backers. More…