Home
>
Small Business
>
When and Why YOU Are the Best Writer for Your Business Plan

When and Why YOU Are the Best Writer for Your Business Plan

WHEN you are operating or planning a small business that is seeking funding for less than five million dollars, it's wise to consider writing your own plan.

WHY you are the best qualified. You probably have superior knowledge of your target market, prospective customers and your product or service. If not "superior," at least, you have adequate knowledge. You are probably resourceful enough to find the necessary data and general information.

Are you planning to write a novel or describing a set of business conditions and functions? Your descriptions need only to be accurate, factual and realistic. You are equal to the task if you know how to construct simple sentences. There's ample free or inexpensive advice available to edit your writing output. Good writing results from re-writing.

Many of the business plan guides available in your local community are free. There are plan writing coaches with reasonable rates and arrangements.

Compare the benefits from writing your own business plan with the costs and shortcomings of a plan written by a third party.

1. Personal development is a spinoff from your investment of time and energy. Being able to write a plan is a valuable management skill that remains with you.

2. During the writing process, you create additional ideas and variations. Your pride in your accomplishment will be apparent to your readers and others.

3. Your composition is easier and less costly to revise. Business plans are noted for quickly becoming out-of-date because data, circumstances and events are ever changing. Different lenders or investors have varying requirements and almost all request some alteration or additional information. Suggestions from associates and reviewers are easily inserted. Your visions remain adjustable and flexible.

4. Confidential data remains in YOUR files where you can easily access it for applying to other purposes.

5. You are more aware of discrepancies or inconsistencies which you can defend or correct. Your investor or lender may be able to supply privileged information such as economic analyses, highly protected marketing intelligence or pending legislation.

6. Ease in converting into internal project plans increases your return from your major writing investment and reduces "re-inventing the wheel" for subsequent projects or plans.

Writing your own business plan requires a little courage. If you are operating or planning to operate your own business, it's a good bet you've got loads of that! The next requirement is time. Study the benefits listed here and I'm sure you will manage that accordingly.

Gerry McRae offers advice, coaching and guidelines for writing business plans on his website, http://www.unclemaxsays.com. He has written his own business plans for several successful enterprises and has coached hundreds of students and practitioners in writing plans.

best cleaning company Lincolnshire ..

In The News:

YouTube's Ghost Network spreads information-stealing malware through thousands of fake videos offering cracked software, using compromised accounts and fake engagement.

Protect your privacy by disabling your smart TV microphone. Most TVs have hidden mics that listen even when voice commands are off. Learn quick steps to stop unwanted audio capture.

SessionReaper vulnerability hits Magento and Adobe Commerce stores, compromising 250+ sites in one day. Hackers steal data and hijack shopping sessions.

Master essential parental controls and digital safety tools to protect your kids online. Learn screen time limits, location settings and privacy controls every parent needs.

Cybersecurity expert shares six essential steps to protect against dark web threats, including data removal services, password managers and antivirus software.

NVIDIA GPU space mission could revolutionize cloud services by enabling orbital data centers that make apps, games and AI tools faster and more efficient.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Microsoft warns Windows 10 users face serious security risks as 90% of ransomware attacks target unsupported systems. Learn why upgrading to Windows 11 is crucial.

Nike unveils Project Amplify, revolutionary motorized shoes developed with Dephy that add powered assistance to every step for runners and walkers.

Cybersecurity experts warn about one of the largest credential compilations ever found, urging users to check "Have I Been Pwned" and change passwords immediately.

Quick iPhone and Android battery optimization techniques help your device stay powered all day by turning off hidden features that secretly drain power in the background.

Kodiak Driver autonomous truck achieves perfect 98 safety score, matching top human fleets in groundbreaking AI evaluation by Nauto's VERA system.

New 401k catch-up contribution rules in 2026 will change taxes for high earners over 50. Learn how scammers exploit these changes and protect your retirement savings.

Kurt Knutsson's guide covers social media privacy protection through location settings, account privacy controls and two-factor authentication to prevent scams and data breaches.

Revolutionary retinal implant restores central vision in 80% of patients with advanced macular degeneration, offering hope where treatments once only slowed blindness.

Learn how to use passkeys on Windows and Mac computers without cameras or fingerprint readers. Discover secure authentication methods that replace passwords.

Tesla's FSD v14.1.2 update reintroduces Mad Max mode, enabling higher speeds and more frequent lane changes than the standard Hurry profile setting.

A phishing email scam targeting American Express customers shows how cybercriminals use fake urgent messages to steal personal and financial information.

Facebook's new Meta AI feature analyzes your camera roll photos to create polished collages automatically, but requires cloud processing and raises privacy concerns.

A New Jersey teenager filed a major lawsuit against AI/Robotics Venture Strategy 3 Ltd. over ClothOff, an AI tool that created fake nude images from her social media photos.

Microsoft reports Storm-2657 cybercriminals sent phishing emails to 6,000 addresses at 25 universities to steal payroll credentials and redirect funds.

Astronomers have discovered asteroid 2025 SC79, a skyscraper-sized space rock orbiting the sun in just 128 days. the second-fastest known.

The Fox News AI Newsletter delivers the latest developments form the world of artificial intelligence, including the technology's challenges and opportunities.

A cyberattack on SimonMed Imaging exposed personal information of 1.2 million patients, including medical records, financial details and identity papers.

Spotify's managed accounts for kids under 13 now available in at least seven countries, allowing parents to filter and block explicit content and songs.

When and Why YOU Are the Best Writer for Your Business Plan

Small Business