December is National Write a Business Plan Month: Must Use Tips to Help Write Your Plan

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December is National Write a Business Plan Month Must Use Tips to Help Write Your Plan

Did you know that December is National Write a Business Plan Month?

Each year, hundreds of thousands of people forgo working for someone else in lieu of starting their own business. And as someone who kinda fell into this line of work, I instantly saw how important it was to have a business plan. I created one in 2010 when I first began, and it has done wonders for me. Now heading into 2015, I am starting another business that I hope to grow into something big, so one of the first things on my agenda is working on a business plan for this new endeavor.

I must be honest when I say that writing a business plan isn’t easy. I would advise that if you can, you should invest in getting a professional to help you create one. But if you can’t hire someone at this point or are unable to, you can follow these tips to help you write your own:

Know your purpose for the plan

There are many reasons for a business plan. Some use it as a tool to get funding. Others use it to help with future plans and strategy (this is what I used it for). You can’t properly draft the plan without having a reason first. Once you have one, then you can go about the process of creating the document.

Research, research, research

Before writing a business plan, I suggest doing your research. Research what your competition is (their prices, their structure, their marketing, etc.) so you thoroughly understand what you are up against and how you will do things differently to compete. Know the costs of doing business and your expenses. This is very important when using your business plan to reach out to investors for funding.

Get straight to the point

Once you begin to craft your business plan, cut out the fluff and over the top language. Don’t pad the document or use filler. Get straight to the point and write to your audience, who at the end of the day, wants particulars and information.

Use resources

There are plenty of resources to help you. SCORE has a wonderful gallery of business plan templates that you can use that can help you write your business plan with ease. I used these when I created my first business plan for The Cubicle Chick back in 2010. The U.S. Small Business Administration also has tons of info and tools to help you as well.

According to Forbes writer Patrick Hull, these are the components that should be included in your business plan:

  • Mission statement and/or vision statement so you articulate what you’re trying to create;
  • Description of your company and product or service;
  • Description of how your product or service is different;
  • Market analysis that discusses the market you’re trying to enter, competitors, where you fit, and what type of market share you believe you can secure;
  • Description of your management team, including the experience of key team members and previous successes;
  • How you plan to market the product or service;
  • Analysis of your company’s strengths, weaknesses, opportunities, and threat, which will show that you’re realistic and have considered opportunities and challenges;
  • Develop a cash flow statement so you understand what your needs are now and will be in the future (a cash flow statement also can help you consider how cash flow could impact growth);
  • Revenue projections; and
  • Summary/conclusion that wraps everything together (this also could be an executive summary at the beginning of the plan).

Hopefully after reading this post, you are equipped with the information you need to begin working on your own business plan, if you haven’t already. Here’s to your success!

The Cubicle Chick

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Empire Avenue Photography Contest – December #EAvPhoto #EmpireAvenue

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Photo-Comp

The Photography Contest will be a themed monthly contest and The December Holiday Contest will run from December 1st to December 31st.

The photos must be related to either Christmas, Hanukkah, Kwanzaa or other major holiday.

First, Second and Third Place winners will be by popular vote, The Judges Choice Award will be given to the one member, either one of the placed winners or one that the Judges feels is the best.

Rules

You must be a member of Empire Avenue , you can enter a maximum of 3 photos  and they must be an original work of yours.

By submitting your photos to the 2014 Empire Avenue Community Photo Contest, you agree to the following:

* The Photo Contest is run by players, for players.

* You retain copyright and remain the owner of your images and may continue to use them in any manner you choose.

* You give Empire Avenue and the Empire Avenue Leaders Community full usage rights to reproduce your photos on Empire Avenue websites, the Empire Avenue blog, and on social media channels.

* You are entering this contest at your own risk. All decisions of judges are final and not subject to challenge.

* You promise that the photographs you submit (a) are your own work and (b) do not (to your knowledge) infringe on the rights of any other person or business. You retain responsibility for content and release Empire Avenue,Inc., Empire Avenue players and user groups from any liability arising from publication or sharing of your photo(s).

Prizes

1st Place….. 4 million eaves
2nd Place…..3 million eaves
3rd Place……2 million eaves

Judges Choice Award…..5 million eaves and a 2 million eaves “Invest in Me” Mission

Empire Avenue Community

The EAv  Photography Contest Community is here https://www.empireavenue.com/community/page/discuss?c=4434
You are welcome to join and ask questions , make suggestions and obtain help and advice.

Submitting Entries

The Contest starts on December 1, 2014 at 00:01am ET and ends on December 31, 2014 at 11:59pm ET

The entries will be submitted here : https://premium.easypromosapp.com/p/28674

Empire Avenue

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