What are
some of the guidelines that a business plan should entail? First,
your business plan must be very detailed; spell it out as much
as you can. Do not think you are boring your readers, in fact,
they will appreciate you providing them with such good information.
Plus, your mentor will see that you are very serious. If you
have to explain one point to your reader, you have not completed
your job.
Some agencies
will encourage you to write a business plan with a maximum of
two pages, three tops. This is okay if you are planning to solicit
investor that do not require it. But most investors and banks,
want a detailed business plan. So, do your home work.
How long
should it take to create your plan? It took me three weeks and
a minimum of 14 hour a day to complete a 25 page professional
business plan...believe me, it was well worth the sacrifice. |