R. Shawn McBride recently spoke about writing the right business plan.
So business plan software or book, where do you turn? Now the truth is, there’s no one go-to guide. I don’t have one thing I can recommend for people, I use a lot of different strategies when I’m working with my clients. So if you’re out there looking for that right business plan or book, let me give you some recommendations.
Number one, use a business plan that you’re already familiar with. Maybe you’ve built a business in the past, maybe you have a business you’ve worked with or that you admire. You can start with their business plan as a prototype of the things you might want to include and the things you might NOT want to include. There are also guides available from organizations such as SCORE, the Service Core of Retired Executives, a government-backed agency that helps businesses get their plans in place and start their initial growth. Beyond SCORE, there’s countless other books and guides out there. You really want to find one that works for you.
And here’s the real trick, regardless of what strategy you use to put together your business plan, you need to tailor it to your business. It really needs to uniquely explain both your opportunities and your growth. How you’re going to get through the growth segments and if you’re going to bring in realistic investors. It also needs to show what your risks are and what could go wrong, because a true investor, is really going to give you that check that you really want. They are going to ask you a lot of tough questions about that. So you may as well go ahead and acknowledge them.
So, find a model that you like, tailor it to you, change it, and then adjust it to really be yours. But be realistic throughout it. Make sure that you’re bringing in an element of realism. That’s my best advice for you for building your business plan.
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Make sure you get your free business evaluation checklist, it’s going to help you get your business to the next level. So many great resources there to help you and your growth trajectory. I’m R. Shawn McBride, let me know how I can help you, whether that might be individual coaching, coming to speak at that next conference you’re attending or coming into your company to help get your employees engaged. Whatever I can do to help you not only write those plans but get those plans to the next level, let me know. I’m here for you. I’m R. Shawn McBride, I’m signing off but I will be talking to you again very soon.
Make sure you download our free checklist to assess your business.
This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Robert Owen-Wahl.
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.