Keys to Better Business Plans 7

Write a better business plan by focusing on implementation.

  • Use a business plan to set concrete goals, responsibilities, and deadlines to guide your business.
  • A good business plan assigns tasks to people or departments and sets milestones and deadlines for tracking implementation.
  • A practical business plan includes 10 parts implementation for every one part strategy.
  • As part of the implementation of a business plan, it should provide a forum for regular review and course corrections.
  • Good business plans are practical.

Business plan “don’ts”

  • Don’t use a business plan to show how much you know about your business.
  • Nobody reads a long-winded business plan: not bankers, bosses, nor venture capitalists. Years ago, people were favorably impressed by long plans. Today, nobody is interested in a business plan more than 50 pages long.
  • Pingback: Business Plans | Strategy | Management | | Business Plan

  • Ronald Katambo

    I need a sample business plan for a security company( security guard company). my aim is to fight crime and unemployment. Please assist.

  • Haroon Sarwar

    This a very useful site, it helped me a lot during completion of my MBA course assignment for Business Plan of a manufacturing concern.

  • http://biznessatmosphere.blogspot.com marcus

    business plan has always being an important tool for successful investment.
    As the saying goes that he who fails to plan, plans to fail

  • MONOMIPAPY

    I need a business plan for my starting business . In my business I will be selling cloth in the shop in town but I need a fair project that suits my business so that I can introduce it to my boss’ office in order to get some financial help

  • http://www.vodafone.com.eg Mohammad AL-Sanafeery

    I must thank you on this very useful site, yes it helped me a lot to know more on how I can develop/organize my own business plan, and what I should and should not include in it. Thanks to all employees who helped and contributed in building this wonderful site.

  • http://www.kenyanbusinessreview.com stano

    Thank you for pointing out the Business plan “don’ts”. This is where most of us go wrong in our planning.

  • Pingback: What Makes a Good Plan? « Business Plan Business

  • GIS LUZEY

    thanks apreciate the help, will let you know how it turns out. best – gis

About the Author Tim Berry is the founder and chairman of Palo Alto Software and Bplans.com. Follow him on Twitter @Timberry. Follow Tim on Google+ Read more »

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