Writing a Business Plan:

The Business Plan is an often ignored part of a small business start up, particularly if the business owner is not in need of any outside funding. However, a Business Plan is very important to the entrepreneur because it forces him/her to thoroughly investigate each aspect of the business.

The reason for a Business Plan can be either driven by an external focus, such as the need to:

• Obtain funding through Venture Capital or Bank Financing
• Attract Business Partners
• Form Strategic Alliances

Other reasons for having a Business Plan are internally focused, such as the desire to:

• Have a process that forces the entrepreneur to thoroughly analyze all aspects of the business.
• Generate a detailed action plan for the business "Failing to Plan is Planning to Fail"

Questions Answered in a Business Plan:

A business plan is very important, because it forces the entrepreneur to analyze every aspect of the business. One too easily ignores those areas of the business that we are not familiar with. The Business Plan requires an analysis of all aspects and will force you to answer questions that the entrepreneur should ask but might easily glance over:

• Why are you in business?
• What is the opportunity here?
• What will you sell?
• What is the market size?
• What is the competitive situation in your City/State/Country?
• How do you stack up against the competition?
• How will the business be structured and why?
• Who are the customers?
• Why will they buy from you?
• Do you need any strategic partners/alliances?
• Who are the people running your business?
• Do you need to hire people and what skill sets do they need?
• Etc. etc. etc.

When you realize what you need to analyze, it seems a daunting task. However, you do not have to reinvent the wheel. There are several good software packages available which guide you through all the steps and take the menial work out of the process. Becoming a Y.E.N. member we recommend the best user friendly software in your back-office to help you reach your business plan/proposal needs. Not only do we recommend but remember, you get it for the special Y.E.N Membership exclusive wholesale price!                    JOIN Y.E.N. TODAY!