IMPress Action Checklist: Below is a list of the steps that will help you put together your business plan. Check off each step as you complete it to keep track of your progress. Purchase business plan software or download a template. Read over the business plan sections to decide what data you have, what data you need. Gather data via the internet, phone interviews, print material. Fill in the plan's sections. Write the Executive Summary. Print and Bind Your Plan. Every day, millions of businesses spring up, both online and offline. These businesses run the gamut of categories, from spas to sneaker stores, accounting firms and accessory websites. Business planning is the first step in creating a secure future for your company.
Every business plan should focus a lot on the business's potential competitors, because research and analysis of the competition effectively gives you plenty of useful information. It may guide you as to where you should be advertising and marketing, or certain strategies to use or ones to avoid because you see they have been used unsuccessfully by others.