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  #1 (permalink)  
Old 04-27-2006, 09:20 PM
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Writing a Business Plan
I was wondering if anyone here has ever written a business plan before? I have a great idea, but no idea how to get started on formulating a plan that would describe my idea in every minute detail, and also be attractive to investors. This idea has been a dream for many years now, and I want to do it right. What do I need to do first? What are my resources for getting the information that I need? All I have right now is desire and the knowledge of the commodity that I want to sell as well as the end product that I want to give to people. Is there any literature out there that could be recommended for someone that is a novice? Any help would be appreciated.
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  #2 (permalink)  
Old 04-27-2006, 09:32 PM
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I have not written a business plan, and I'm sure you can google it for some ideas, but think about it this way... suppose you wanted to buy whatever it is you want to sell, why would you buy it? Write it down.

If you wanted to invest in your product, why would you want to? Write it down. Including market projections of how you expect to grow, etc.


Basically, write out a statement saying exactly why your idea is a good idea and a money maker, and how you've thought about how to make it (ie Production costs, etc) and make money with it.
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Old 04-27-2006, 09:42 PM
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Some more thoughts

What are the risks? How do you plan on dealing with them?
What is your goal?
What do you see in 3 years? 5? 20?
Cost?
Overhead?
Anyway to offset those costs? Potential for growth in collateral endevours?
Is there any Regulatory schemes you need to contend with? How are you going to operate within that scheme?
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  #4 (permalink)  
Old 04-27-2006, 09:54 PM
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Sounds like you should hire BKB!

There are a lot of books and some inexpensive software out there.

Don't forget the SWOT analysis.
Strengths
Weaknesses
Opportunities
Threats

Think about barriers to entry, exit, buyer power, rivalry, substitutes.
Product, price, promotion, place

That is about all I remeber from my MBA.
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Old 04-27-2006, 10:18 PM
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BuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and HayesBuckeyeNation27 is beyond Tressel and Hayes
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Tell me your idea....I'll help you
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Old 04-27-2006, 10:21 PM
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Quote:
Originally Posted by BuckeyeNation27
Tell me your idea....I'll help you
Your name wouldn't happen to be Alan, would it?
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  #7 (permalink)  
Old 04-27-2006, 11:44 PM