The Business Planning Process

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They also know that with a plan, they are less likely to run into serious problems as they operate their business, and more likely to be able resolve the problems that do arise. To help you along the way, we’ve broken the process down into 8 simple steps. This is a brainstorming phase, so be creative, not critical.

How to Write a Business Plan in 8 Simple Steps Now that you know why having a business plan is important, it’s time for you to sit down and create one. Step 1: Brainstorm and Write Everything Down First up, stop and think. Who will its customers be, and how will you reach them? You’ll also have plenty of time to hone your ideas in subsequent steps.

Make a list of everything you can think of about your business. Step 2: Outline the Executive Summary The executive summary is a high-level overview of the rest of your business plan. What is the user experience with your business like?

The document that contains the strategic plan is not what is valuable; it's the information within it and the process used to create it, that is then SHARED and COMMUNICATED with the rest of your team.

A great strategy is most often re-evaluated on an ongoing basis (yearly or quarterly, for example), rather than being a static document just sitting in a binder.

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