Checklist: How to Write a Business Plan
Checklist: How to Write a Business Plan.
Printer-friendly copy: PDF document or web page See also: How NOT to Write a Business Plan Links within the checklist relate to the Business Plan Guide How to Write a Business Plan Preliminary Tasks Done 1. Complete market research and analyses 2. Clarify key matters relating to products/services and technology 3. Form the basis of the management team 4. Prepare a strategic plan as framework for detailed plan 5. Decide the central purpose of the plan and its target audience 6. Locate professional advisers to assist with the planning 7. Acquire any software tools needed to help prepare the plan 8. Research and compile a list of possible recipients of the plan 9. Ascertain any specific needs of likely key recipients Writing the Plan Done 1. Create a framework for the plan e.g. table of contents 2. Identify possible appendices, attachments etc. 3. Estimate page lengths for each key section 4. List main issues and topics to be covered within key sections 5. Assign work programs based on the framework and lists 6. Draft preliminary sections (excluding summary) within the front of the plan 7. Draft all key sections in the plan’s body in a logical sequence 8. Compile financial projections, funding proposals and related appendices 9. Check the preliminary draft for completeness and plug gaps 10. Stand back and take a detached overview of the draft 11. Let an outsider or adviser critique the latest draft 12. Redraft, fine tune and spell check 13. Write the executive summary and plan’s conclusion 14. Get an independent assessment of the final draft Reviewing the Plan OK 1. Is the plan nicely presented – bound, page numbered etc.? 2. Has the plan been spell checked in its final form? 3. Is the plan’s length appropriate to its purpose ? 4. Have the business’s (funding) needs been clearly stated ? 5. Does the plan’s summary stimulate interest ? 6. Have all key questions been anticipated ? 7. What likely objections remain unresolved ? 8. Will the plan provoke the desired responses?
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