The Science of Business Planning- The Start
Most people I know look at business planning as a very time consuming and cumbersome process. However, believe it or not, this entire process has determined viability of many a venture. When you start putting your ideas into words, the process of execution of your business begins to shape up and thus shapes up the aspects of execution of the idea that you might have overlooked while cooking it up.
I would recommend this exercise to whoever wants to execute an idea. It is time very well spent.
The science of business planning is simple. Take a few hours off your busy schedules and just focus on what you are trying to build. As you focus, these are the basic classifications of thought that you will require to gather Start with the two steps below for today
a. Executive Summary.
This will be the last section that you will write. It will not be more than 2 pages but once you are done with the rest of the sections; this section will be really easy to traverse. You will be able to explain the fundamentals of your business, what would your products be, who will your customers be, who will own the business and why do you think it has a future.
All you need to be here is enthusiastic, professional, concise and complete.