You could add a partner to your plan (discussed in Session 5 Business Organization ) or plan to hire key people who will provide skills you don't have.Include biographies of all your intended management.
The Business Plan format is a systematic assessment of all the factors critical to your business purpose and goals.
Here are some suggested topics you can tailor into your plan: A Vision Statement: This will be a concise outline of your business purpose and goals.
But if you have miscalculated the potential, then your business plan could become a roadmap leading to failure.
Since the My Own Business Institute (MOBI) course is broken down into 15 of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format.
Prepare your résumé and one for each person who will be involved in starting the business. This part of your Business Plan will be read very carefully by those with whom you will be having relationships, including lenders, investors and vendors.
Templates for preparing résumés are available online.
The People: By far, the most important ingredient for your success will be yourself.
Focus on how your prior experiences will be applicable to your new business.
Session 2 Getting Your Team in Place of our Business Expansion course provides detailed recommendations on delegating authority, employee motivation, training and other key management tools. If you lack the ability to perform a key function, include this in your business plan.
For example, if you lack the ability to train staff, include an explanation how you will compensate for this deficiency.