Quick-Start Business Plan

Maybe you don't need to write a complete business plan. While many business plans are written to persuade bankers or investors to lend money, many other business plans are prepared just to see whether or not a proposed business idea can be turned into a viable business.

If that’s why you want to write a business plan, this quick-start business plan will work for you whether you’re starting a business from scratch or thinking of buying an existing business.
Just answer these five questions to the best of your ability and you’ll know if this business idea is worth pursuing.

The Management Plan Section of the Business Plan

When writing the business plan, the Management Plan section describes your management team and staff and how your business ownership is structured. People reading your business plan will be looking to see not only who's on your management team but how the skills of your management and staff will contribute to the bottom line.

A convenient way to organize the Management Plan section is to break it into sections detailing your:

Ownership Structure
Internal Management Team
External Management Resources
Human Resources Needs

Prepare an Investor Ready Business Plan

A business plan, as all good entrepreneursstarting out in life should know, is the foundation, or rather a springboard, towards the establishment and growth of a new business. A business plan is an essential tool for companies raising capital – and your business plan needs to be Investor Ready.

What is an Investor Ready business plan?

A document that has been professionally prepared to meet the needs of both venture capitalists and angel investors.
In your business plan, you should be able to see your own project through the investor’s eye. Your plan must be able to answer the concerns of an investor.

Both venture capitalists and angel investors are risking their hard earned capital by investing in your enterprise in the hope of long-term returns that are worth many times their original investment. An Investor Ready Business Plan demonstrates to investors that you are an expert in your industry and that you have a clear mission. An entrepreneur addresses these needs by preparing a comprehensive and detailed view of their business objectives and goals. Some important business plan sections that address different concerns of the investors are below: