How To Develop Your Business Plan
Nowadays people seem to build their own business for their own good and for their beloved family.In a develop country such as America, people tends to build their own business rather than working for the Government or Private Sector. As for the Tamparulian, I have an opinion for you that might increase your knowledge in developing your own business plan and your income. Usually people tend to work as civil servant or in a private sector whereby this people just waiting for orders, complete it and wait until for their paydays.This happen in our country and already become trademarks for Malaysian nowadays. Huh.... at least we have other works so that we can get some extra money to support our family and compete in this modern era. In order to balance your working career with your extra work such as own business you must have good time management so that it will not effect your permanent job. As an advise for you... please do your work wisely and to get more information please read more below: Tips on Formatting Your Business Plan
A business plan is much more than just words; it is your business. How you present that business to others has significant impact on its ultimate success.
Perhaps in your research you came across one or more business plans to use as guides. These can also be potential templates for formatting your business plan. Keep in mind that there is not a single correct way to present your business idea.
This is your plan. Allow it to speak for you. You may change the order in which specific sections of your plan are presented, with a few exceptions.
What's Set in Stone? What's Flexible?
Always begin your plan with an executive summary and end it with supporting documents.
What appears between these two components is up to you. Add a section, drop a section, or change the section title to better represent your content. Again, your plan is a direct reflection of you and your business idea. Don't be afraid to adapt the content and its order to fit your idea of coherence and fluidity.
One area where you want to stay consistent, however, is font and formatting. Pick one font and stick with it. Appropriate and professional possibilities include Times New Roman, New Century Schoolbook, Bookman, or Palatino. These are "serif" fonts, which make lengthy sections of type easier to read.
You can select different sizes of your chosen font for titles and for text. Size 11 or 12 for text and something a bit larger for titles is often recommended. Feel free to make important passages bold, but don't underline them. Italics are also acceptable, but use them sparingly.
Allow for White Space
Be sure to allow for white space. The reader's eyes need space to rest, and his or her brain needs time to think. Provide for ample margins -- top, bottom, left, and right. Pay particular attention to the left margin if you'll be binding your business plan. Consider including a sizeable right margin, as well. With appropriate but ample margins, readers -- including you and your partners during revisions -- can make notations.
Don't double space lines. Do not put two spaces after periods, exclamation points, or question marks. Your computer will know how to properly space sentences. This is the most common mistake made by novice writers and publishers.
Avoid widows and orphans, the single lines of text that appear either at the bottom of a page or the top of a page. You may need to rewrite a sentence to avoid them or set your word processing application options to eliminate them.
Moreover, go easy on the color, especially if you will have to make copies of your plan for additional review. Not all colors copy well into black and white. Test your colored version as a black and white copy before creating a final version.
Hire a Second Pair of Eyes
Don't rely on your own knowledge of grammar, unless you edit on a regular basis. Consider compensating a professional to check the final version of your business plan. Even if grammar is a strong area for you, have a fresh set of eyes review your document.
Remember to number your pages. Set up a footer at the bottom of your document. You can set the date and, with each subsequent edition, you'll have the most current date printed directly on your document.
Do not type your document completely in capital letters. This is very hard on the eyes. Use upper- and lowercase letters appropriately.
Perhaps the most important page in your business plan is the first one. The title page sets the stage for what follows. Make it professional in appearance, clean and crisp. Include your logo if you have one already.
Confidentiality Disclaimer
Add a confidentiality disclaimer stating in plain English that the content to follow is confidential. Consider preparing a distinct title page for each reader of the business plan. For example:
This business plan has been prepared for review by John A. Smith. All information is confidential and should not be shared without written permission.
John A. Smith
____________ (signature)
Date
Have the reviewer sign and date the title page under the disclaimer notice. This minimizes any misunderstandings about the content to follow.
Carol Parenzan Smalley is an educator, innovator, and entrepreneur. She is the creator of and instructor for "Creating a Successful Business Plan," an online course offered by colleges and universities around the world.
Story Arrangement By: Harry George
Sources: http://www.allbusiness.com
Picture: Allbusiness.com
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