Luckily, I read this tip on the Business Link website before I started and it saved me some time. Because a business template is a big document and I hadn't read one before, it was difficult to say what should and shouldn't be included, so I struggled to fill certain parts in before deciding they were irrelevant and eventually cut the template right down to suit me more. A lot of its content was heavy business jargon, things that really weren't relevant to me. It was written for a big firm, whereas my company is simply me, a sole trader.
Having got half way through though, I regretted using it.
I managed to find a business plan from a web design firm set up in 1999 that I used as a template. If you've got the time to do it, then spread it out over a month, if your focused, it may not take that long but it's a hefty document that will take some serious concentration so my tip is just to work on it a few hours a day then forget about it until the next day. I thought I'd knock it out in a few days but after some hair pulling moments, I decided that wasn't going to happen and broke the plan down into each section (instead of just breaking down), then gave each section a time period for me to complete it in. So if you're at the stage of having to write a business plan, here's my tips on how you should go about it: Plan your Business PlanĪ business plan is a big document. It was however, a boring and slow process that could have been made a little easier if I had of planned it out a little more first - yep, planning out a plan. The process was very revealing, it made me think about a lot of things I hadn't even considered and I feel my ideas of how best to operate the company are set in stone now. When I did a competitor analysis, I sort of just wrote what I felt the section needed, but really - as a freelance web designer wanting to aim toward Internet based clients - there's about 1 million competitors in that sector so it was difficult and will probably prove to be the least relevant part of the plan as my company grows. In some sections of the plan, I felt like I was writing just for the sake of writing.
I'd recommend writing a business plan to anyone wanting to start their own business, no matter how small your company will be. Let me tell you, you can't!īefore beginning, I also thought I had everything planned in my head just to get started successfully but I actually found writing the plan very revealing and if anything, it made me more concerned about becoming self employed than before I started writing it. I had been told by many people that a business plan would take between 3 - 4 weeks and when I heard that, I thought nah, I can do it in a few days. This month, I've been taking all of my ideas and thoughts and putting them into my business plan. What I’ve been Doing this Month Writing a Business Plan
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