How to Write a Business Plan

Writing a business plan can be an overwhelming task. Here's how to make that task a little easier.

1. Do not try to write the business plan in a day or even a week. Break the task into smaller chunks and set a realistic timetable for completing those tasks. 30 days is a reasonable time. It helps to have a list of tasks written with starting dates and arrival time for each task. As you complete the task, note the date. The list is stay the course and not meant to be a straitjacket.

2. Start with the section you feel more comfortable, this is a case that does not have to start at the beginning. Most entrepreneurs have no hesitancy writing about the historical background of your company. Or perhaps writing about the needs of your products fill for customers would be a task that would get your business plan to a good start. The important thing is actually start writing and stop procrastinating.

3. Base your marketing research. It might seem easier to say that the market your company is $ 5 million per year and expects a market share of 1.56%, but that is meaningless. Define your market and how you will reach your market. The market could be huge, but you can only reach a small portion at a time. Attack that market segment where you have the best chance of success.

4. Spend quality time writing your business plan. Do not put it off until you are exhausted from all the other tasks in its day. If the morning is when you are raring to go then designate one hour mostly all morning to write your business plan. Do not let interruptions eat in an hour. Put your phone on answer, do not look at email or surf the Internet. You will be surprised how much you can accomplish in an hour if you stay focused.

5. Give your business plan a break. Having completed a section let it rest for a day or two, then go back and review what you have written. You will be surprised how much you can improve your business plan if you come back to it when you're fresh.

6. Have a few trusted people review your business plan. If they understand what you are doing and your strategies are clear, great. However, if they do not "get it" then you have any work to do.