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If you aren’t confident about your writing skills, get a draft down and then ask someone to help you refine and rewrite it.Writing a business plan can seem like a daunting task, and starting is the difficult part; once you get into the flow of things you'll be surprised at how easily you are able to get down all the details about your business, the current status and your future plans.
If you’re taking your first steps into business you’re going to need all the advice and support you can get.
Make sure you enrol in our ‘How do I research a business idea?
For example: If after completing the exercise in the question above, your friends consistently say that you excel at seeing the big picture but struggle with paying attention to details, you can make an effort to focus more closely on project details or hire a team member who is very detail-oriented.
Although starting a business is a very personal decision, it’s never a bad idea to learn from people who are further along the journey that you are considering.
’ workshop, designed to help you find all the information you need to start and grow your business.
That includes everything from market conditions and potential legal issues through to consumer behaviour.
Reach out to experts in your niche, successful businesspeople in your community, and personal or professional mentors to talk about your idea.
Their advice and discussion can be invaluable, especially when it comes to avoiding mistakes that cost them substantial time or money.
Follow this with an outline of your operations and how your business works on a day to day basis and conclude with a look at the current financial situation.
These are just the broad elements of a business plan; for more details about what goes into a business plan, read our ‘what is a business plan’ (link to article) article that goes into more depth.