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Writing a business plan for dummies

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    Writing a business plan for dummies

    Does anyone know of any good resources on how to write a business plan? Possibly tailored to online startups?

    There seems to be a bit of interest now in Plan B from investors but not having a plan with projections is obviously going to be a total stumbling block.

    Thanks

    #2
    There are various organisations that should be able to help with this. A couple of weeks ago I picked up a flyer for the E-club which is an entreprenerial club - that might be a good start. Or maybe ask a small business advisor at a bank. You may decide not to go down this funding route, but they could point you in the right direction

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      #3
      Business Link was set up for this kind of purpose. A colleague and my wife both found them very good. Someone on here found the useless.

      Suck it and see - it is free.
      My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

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        #4
        Originally posted by minestrone View Post
        Does anyone know of any good resources on how to write a business plan? Possibly tailored to online startups?

        There seems to be a bit of interest now in Plan B from investors but not having a plan with projections is obviously going to be a total stumbling block.

        Thanks
        If you want to throw a little money at it (about £130), I can recommend business plan pro - I've used it a couple of times when time is very short, and with a little tailoring it can produce an impressive doc.
        Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus

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          #5
          Originally posted by PM-Junkie View Post
          If you want to throw a little money at it (about £130), I can recommend business plan pro - I've used it a couple of times when time is very short, and with a little tailoring it can produce an impressive doc.
          I'll second that - I've heard good reviews of this from reliable sources.
          The cycle of life: born > learn > work > learn > dead.

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            #6
            I downloaded a freebie from MSOnline and spent about eight hours on it... it's up to v1.3 now and RBS seem to like it.

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              #7
              Business Link

              Originally posted by RichardCranium View Post
              Business Link was set up for this kind of purpose. A colleague and my wife both found them very good. Someone on here found the useless.

              Suck it and see - it is free.
              I gave those guys a spin when I'd conjured up a plan B during the last recession. They pretty much panned my idea so I gave up on it. Dunno whether that's termed good or useless.

              Just watch Dragon's Den to get a feel for what investors want. Pretty much everybody apart from your mum & dad will only put money in if you've made some sales and it's clear that you'll make a profit at some point in the future. The quicker you're likely to turn a profit, the keener people will be to invest. Investors will be really keen if you're already turning a profit and you just need to exchange equity for capital to invest to grow your company quickly.

              I'm working on my plan C nowadays whilst looking for permie or contract opportunities. Don't see plan C making me a fortune as it's got very low financial barriers for entry in to the market. The advantage of the low barriers is that I only have to stump up pocket money to enter the market myself. I feel that I've identified a niche whose main barrier is the ability to speak a challenging foreign language which should keep the mainstream at bay for a short while.

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                #8
                Thanks chaps, i'll have a look into all these options over the course of the day.

                I tried the business link folk recently and they told me to forget it as I had been incorporated for more than a year, my local enterprise mob told me they were not interested as my turnover was not more than 150 grand. Arses.

                I have pretty much had an offer of VC as long as I get a plan going but it was a crap deal for me. They wanted to double the equity for half the money. If there was a second level of funding I would have been minority owner and I think that is what they were aiming for. I am going to try and get some better options going.

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                  #9
                  Those who can't do, teach.... those who can't teach work for Businesslink!


                  T

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                    #10
                    When I setup a plan B some years ago - I had problems getting low cost labour.

                    The Businesslink 'advisor' advised 'hanging around school gates and speaking to mothers' - I told them I didn't think it was a good idea for a man to do that!!!

                    The other advice was to close down the business in Cheshire and open it up again in Liverpool...

                    In the end I advertised in newsagents- rather than local papers.

                    With good results...



                    T

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