Resources to Help you Create Your Business Plan

Michael Sanduso · July 12, 2018 · Short URL:

Here are some resources available to you to help you create the perfect business plan.

creating a business plan

Starting a business can be a grand adventure with highs and lows. Getting your business off the ground is not easy. There are many steps involved and each one is relevant, including creating a business plan. The following will highlight some of the resources available to you to help you create the perfect business plan.

Free or Low-Cost Professionals

Having a solid business plan is one of the key ingredients for success; it is a major factor that could play a big role in your startup's financial situation. Those wondering how to get a business loan should definitely be working on a business plan. Financial institutions look at your business plan as a blueprint, which allows them to analyze the likelihood of your success.

You can contact professionals to assist you with the planning process. Some of these consultants can offer free help while others ask for a small fee. The following are some of the resources available to you:

SCORE Option

SCORE is an organization filled with expert business mentors who are willing to help the next batch of entrepreneurs. The organization helps connect you to a business expert who understands what you are trying to accomplish. This makes his or her advice optimal. You can connect with these individuals online using chat options or webinar options.

SB Development Huts

Another resource that you have available are small business development centers or SBDCs. These centers exists in every state to help people who are taking risks that make this country what it is today. You should feel happy knowing that these centers usually have experts in business plan building and many other topics that you may find useful on your journey as an entrepreneur.

These are just some of the resources available to you, but you can also opt to hire a business plan consultant. All you have to do is read a few reviews to make sure that you are being guided by an effective consultant.

The Rise of the Apps

Another great resource that you should check out is your smart device's app store. You have probably heard that there is an app for everything, which could be true since some apps can help you write a business plan. There are a number of programs available that could give you tips and show you a few templates.

Some apps help you create a three-year plan while others help you create a five-year plan These applications can save you time and work and even allow you to update should a significant change be deemed necessary. Many of these apps are free while others may cost you a small fee. Be sure to read reviews before choosing one over the other.

Online Templates and Guides

It is important that you use online guides and templates to help formulate a starter business plan. This is something you can do before talking to a consultant so that you have something to work with. Taking this step before talking to a professional shows that you are a go-getter.

Your mentor is going to appreciate your work. Sure, your business plan may be rough and in need some tweaking. but you will probably get a few things right using these online resources. Starting here reduces your workload later, so why not use them?

Creating the perfect plan does require details, so be ready to spend a significant amount of time writing out your plan. Yes, this is going to be tedious but it is also going to force you to answer questions you might not have thought about before, which helps prepare you for what is to come.

Image Description

Michael Sanduso

Michael Sanduso lives in Toronto, Canada. He is a freelance writer and editor, tech geek, and stay at home father.

All author posts

Read more from our "Trends and news" series

More episodes