Draft The Plan

Bev Clement - www.silkroadconsultants.co.uk

Draft the Plan

There is no format for writing your plan, but you might find your bank or financial institute have ones available for people starting out in business. You need to find what works for you and your business. As you start to write the plan you will see what needs to be added as you work through it. It doesn’t have to be perfect. Give yourself room to expand the plan as you find out more information from your research.

You might start to do a basic financial statement and realize that you have to change your opinions about certain areas of the business, based on what you are now seeing.

Keep in mind these points.

Where your business is today?
Who works for your business?
What are the turnover and the profit?
How does you business compare to your competitors?
What is your profile like?
Where your business is heading by a given date?
What is the vision of the company?
How many people do you need to fulfill the vision?
What turnover and profit do you need to achieve?
How can you improve your business to overtake your competitors?
What do you want your profile to be like?
How you are going to get there?
If you need staff, do you have any idea who will you hire?
How can you increase both your turnover and profit?
How can you change your marketing and image?
How can you increase your profile?

You might find it easier to keep to bullet points and make lists, and then add in the information where necessary. You might think the more complicated the plan the better it is, but that isn’t true. The more complicated the plan the less likely you will implement it, anything that becomes too complicated is normally unworkable.

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