So let's get started!
Step One: Get Organized
To get started with writing a business plan, you'll need a three ring binder with pockets to keep your "working" plan all in one place.
Step Two: Layout Your Plan
Make a business plan template by creating 5 tabbed sections with the following headings:
Section 1: Marketing Plan
This is your road map for getting your product or service into the hands of potential customers.
Section 2: Sales Forecasts
Make sure to thoroughly research your business in order to set realistic projections.
Section 3: Monthly Tasks Planner
Having a complete operating plan for managing the day-to-day tasks that keep your business running smoothly is essential. Map out your daily "to do" list in this section.
Section 4: Funding Plan
How do you intend to fund your small business? This section includes your start up costs and ongoing operating expenses.
Section 5: Cash Management Plan
Make an outline of all of your monthly expenses. Include all accounts payable, receivables and your cash flow management strategy.
That's it! Now you have a framework in place for writing a business plan for your bootstrapped business. To effectively utilize this business plan template, you need to ensure that you have a sound plan for starting your business on a shoestring.
Discover the Secrets of Shoestring Start Up Success!
Kimberly_Kelly
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