There is so much that goes into starting a business. Most new entrepreneurs don’t know what it entails. They don’t even know what their first steps should be. That is why I advocate for a business plan. It is a critical step in increasing your chances of success.
Some people think business plans are a waste of time. Their reasoning is nothing goes as planned, so why take the time to plan? While that is true there is still an extremely strong case for it.
A good business plan forces you to answer questions about what your business stands for, your market differentiation, marketing plans, etc. It also helps you figure out the financials of the business. By making a plan you come up with the structure of your business and the strategies of how you execute.
If you don’t make a plan your business at the mercy of the way the wind is blowing. Reactive as opposed to proactive.
While things will come up that you didn’t plan on or expect, you can always course adjust. Which is exactly the best way to run your business? Truthfully you don’t have a crystal ball so how can you possibly plan for every contingency. But, plan you must. Then as you learn what works and what doesn’t you can refine your plan
Since many of my clients have asked me for a business plan, I decided to develop one myself. I have designed a business plan template for fashion brands that covers mostly everything you need to plan for (unless your business has more unique parts I might not have thought of. At which point it is easy to add to)
All you do is fill in the template and out comes you business plan. Nothing could be easier.
If you are interested click here.