How to Write a Business Plan in Under an Hour | Bplans

How to Write a Business Plan in Under an Hour by Bplans You're starting a business you know you need a business plan but it sounds so overwhelming It's a huge document, it's going to take you months to finish—let me stop you right there You can write a business plan in less than an hour We call it Lean Planning and the point of it is just to get your business down on paper Business planning is proven to help you grow 30% faster Here's how to get started First, channel Twitter back when it was 140 characters or think about the elevator pitch you'd give if someone asked you about your business at a party Challenge yourself to keep it all on one page then if you ever need a full business plan your Lean Plan we'll give you a good head start So what should you include in your lean business plan? You're going to write a sentence or two on each of the following topics as you watch this video Feel free to pause and take a moment write down your thoughts as we go First, your value proposition What makes your solution unique? Market need Who needs and who will pay for your product or service? Your solution Write down exactly what you're selling Competition What makes you different from other solutions on the market? Target Market Who's your ideal customer? Sales and Marketing How will you market your business to customers? Budget and Sales Goals What's it going to cost to deliver your product or service? How much can you sell and how fast? Milestones What's your company's major goals? Team Why are you the right person to deliver on your product or solution right now? Partners and Resources Do you need to work very closely with any other businesses to be successful? Funding Needs How much outside funding are you really going to need? Ready to get started working on your Lean Plan? If you haven't already Go ahead and set your timer and download our free one-page Lean Plan Template and download our free one-page Lean Plan Template You can find a link to it in this video's description on YouTube Good luck!

Channel: Bplans

Views: 134,721

Keywords: business planning, business plan, lean planning, business owner, small business, strategic planning, entrepreneur, elevator pitch, one page business plan, target market, budget and sales goals, milestones, lean plan template, business resources, business strategy, funding needs, how to write a business plan in under an hour

Id: R8NlwUtnoZk

Length: 2min 16sec (136 seconds)

Published: Fri Jun 28 2019