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Amanda McCormick

What's Stopping You From Writing That Business Plan?

By February 1, 2013

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It's February -- and you know what that means -- it's time to turn to business planning in our Twelve Months of Entrepreneurship for 2013!

Not that it doesn't pain me a little bit. You see, I had occasion to write my first business plan for a competition over the summer. And I waited to till the eleventh hour to complete my financial projects and market analysis. But I also learned a lot.

It's easy to be intimidated by the business planning process. It forces you to lay out your assumptions, and then find a set of concrete facts to back them up. It's a process of trial and error for sure.

So this month, look out for a more solid game plan for crafting your business plan: why it's important, how you can break it down into more manageable tasks, and of course, advice from those who've done ti successfully.

I want to help take away any obstacles that might be keeping you from writing your business plan, and so first up, I've taken a look at the most common reasons entrepreneurs avoid those business plans. In the coming weeks, we'll delve into the nitty gritty of actually writing that plan.

I'd love to hear from you! Have you written a business plan, and what did you learn? What questions do you have about the business planning process? Let me know in the comments -- and look forward to a month of fresh resources on this important topic.

Read:Reasons Why Entrepreneurs Avoid the Business PlanningProcess

February 4, 2013 at 6:36 am
(1) Lola Olson says:

Thanks for writing this! We’ll be sharing it on the RBS EnterprisingU Twitter this week. If you have any readers in the UK who are looking to re-do their business plan and they are students or university grads within 5 years, RBS EnterprisingU is a business plan competition with 41k worth of funding to hand out. We’ve got workshops for finalists, networking opportunities with investors, and three great prizes to hand away to the best business plans out there. :) Visit our website for details!

February 8, 2013 at 3:49 am
(2) Commenter says:

I actually ponder why you named this particular blog, _What’s Stopping You From Writing That Business Plan?_. In any event I enjoyed the article!Thanks for your effort,Shelli

February 11, 2013 at 7:51 pm
(3) michael burns says:

dear lola,
you must be joking!the big brass in your company could be
heading for the tank(prison).your companies business plans appear to
be a little out of line?what kind of contest are you involving people in?

February 14, 2013 at 1:01 pm
(4) seo services says:

Also, if the company had an old who we are, what we do and contact us website from the 1990′s a fresh website redesign would not hurt either to re-brand the online company image. It works. Because after I got that support reply, followed the links and did my shopping around, the “hidden charges” claim became a non-issue ‘” I knew exactly what I was getting into.

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