An Effective Business Plan is Essential for Business Success

A good Business Plan is the most important, but most often overlooked, part of running a business, starting a business, expanding and growing a business, or obtaining finance for a business.  Running, starting, growing and funding a business is much easier to attain if a business plan is well developed and prepared. A good business plan will leave a lot less room for errors and mistakes. You simply cannot predict everything that may happen in the future for a business, but an effective business plan will certainly help a business owner to overcome challenges and obstacles. A business plan also helps to create and anticipate business opportunities on the horizon, helping to sustain a company’s success.

Business Plan Content

There are different Business Plan Formats for different purposes.  Always start with a Comprehensive Business Plan to successfully run your business.  Once you have completed your Comprehensive Business Plan, then you can take certain parts of that Plan to form the other ancillary Business Plans for other purposes, such as a Funding Business Plan for a Bank, Investor or Venture Capital Firm.

The Business Plan Process is Extremely Critical for Success

As a  Business Turnaround Consultant, I realise that Formats are important for Business Planning but most important is the Process.  The Process is a building block system that is continuous, orderly and comprehensive.  It involves the entire Company, produces effective decision making and executes those decisions in a Strategic Plan.  A good Business Plan measures the relationship between Expectations and Performance- it evaluates your Company’s progress or the lack thereof.  A Business Plan’s goal is to create the future for your company, taking a proactive approach toward your target markets.

Business Planning is Both Art and Science

It is said, writing a good Business Plan is more art than science.  It is good to have a proved process and format, but you can’t just fill in the blanks on a master planning program or document.  It is a matter of asking yourself the right questions within that proven process and format which brings about a successfully developed and written Business Plan.

About The Article Writer

Frank Goley has the expertise and experience to work with small and medium size businesses as a business consultant, business turnaround consultant, business plan writer, business plan expert, small business consultant, business coach, business plan consultant, marketing consultant, business planner and online marketing consultant, and seo consultant. Frank works for ABC Business Consulting, and he has been helping companies to succeed for many years. Frank wrote his first business plan over twenty years ago. He is an expert in developing business plans, marketing plans, funding plans, strategic plans, turnaround plans, web marketing strategies, and project specific business plans. Frank is the author of a business plan book, The Comprehensive Business Plan Workbook – A Step by Step Guide to Effective Business Planning, and he has over 50 published articles and 30 E-books on business success strategies. He also writes the Business Success Strategies Blog and publishes the Business Success Newsletter.

Tags: business plan, business plan consultant, business planning, funding business plan

This entry was posted on Saturday, February 26th, 2011 at 10:25 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.