Always Write Your Own Business Plan If You Want to Be Successful

There is no shortage of ways to get your business plan written for you by everything from fly by night super cheap outfits found online to extremely high priced consulting groups who also promise to put you in touch with high caliber investors and escort you around to all the big money outfits. These options all have one thing in common which is that they deprive you of the critical aspect of business plan writing that most new entrepreneurs don’t understand – the business plan writing process is not about the writing but about the planning and that is what you miss out on if you have someone else write your plan.

A lot of people who hire these services do so because they have an idea but they feel they aren’t good writers or that by having it done “professionally” they will have a better chance of being able to raise money than if they were to write it themselves.

The problem with this thinking is that the key elements of the business that the plan is supposed to determine: what edge the company has over the competition, who the customers are and how they will be reached are now going to be left in the hands of the consultant to determine. Since the plan writers have no stake in the business and are only getting paid for the writing they are not going to necessarily take the time to determine the right answer to this or even worry about the feasibility of the answers they provide.

» Read more: Always Write Your Own Business Plan If You Want to Be Successful

Getting Started Guide to Self-Employment: Your Business Plan

Why you need a business plan

You’ve heard it before, you should write a plan before you start your business. You might be wondering why that’s so important. Here are three good reasons. Writing a plan

  • clarifies what your business goals are so you know how to measure success,
  • helps you spot potential problems so you can plan for them instead of getting caught by surprise, and
  • shows potential investors or lenders how you will make the business profitable so they will be more likely to invest their money or approve your loan.

» Read more: Getting Started Guide to Self-Employment: Your Business Plan

Internet Business Plan Overview

Many individuals wish to establish an Internet business without having an Internet business plan. Having an online business holds plenty of advantages over a traditional bricks and mortar business. For one, the leverage that the Internet brings is unmatchable. With the Internet, you have the power to reach thousands, even millions of potential prospects and customers. Yet the incomparable flexibility and market reach of the Internet demands having an Internet Business Plan to increase your chances of succeeding.

A major problem with establishing an online business is that some people, especially those who are not too computer and Internet savvy, become intimidated by the concept of earning an income using the Internet. It does not help that there are so many so-called gurus that claim to have a magic formula that can make anyone rich online. To make it easier for people to become Internet entrepreneurs, a good plan is needed. This Internet business plan overview will provide a brief review of two of the most popular internet business plans available, Wealthy Affiliate University and One Week Marketing.

Wealthy Affiliate University
As the name suggests, Wealthy Affiliate University (WA) is modeled after an actual school where you have the privilege of being taught by some of the most successful Internet marketers in the world and where you will have thousands of active members who are more than willing to be helpful classmates. Wealthy Affiliate’s Internet business plan is to teach the various aspects of Internet Marketing in a broad-ranging, paced process.

» Read more: Internet Business Plan Overview