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Having an optimistic vision is great, as long
as you remain realistic. Don’t embellish or
over-project in your business pl...
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10 Tips for Writing the Best Business Plan

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There are numerous business plan templates you can download from the internet. But you have to somehow make sure your business plan is the best!

So take a look at this infographic to learn how you can make your business plan stand out from all the other.

Published in: Business
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10 Tips for Writing the Best Business Plan

  1. 1. Having an optimistic vision is great, as long as you remain realistic. Don’t embellish or over-project in your business plan. This will help you conceptualise your business better, and convince investors to take you seriously. Tips for writing THE BEST BUSINESS PLAN EVER 10 BE REALISTIC KNOW YOUR COMPETITION Name all of your competitors and comment on how you are better than, or at least different from, each of them. ASK FOR ADVICE Remember to talk to people who work in finance, marketing, law, or production to help you with certain elements of your business plan. There is no shame in getting help. SUPPORT YOUR BUSINESS PLAN WITH NUMBERS Get hard data, facts, and statistics on your side, especially when it comes to talking about your industry’s market. BE CLEAR AND CONCISE Your business plan should be less than 20 pages long, so don’t ramble. Leave out filler language, and come straight to the point. PAY ATTENTION TO LANGUAGE You might not be a writer, but a well-written business plan makes a good impression. Consider asking for help if you are unsure. BE CREATIVE Do something unique with your business plan that will not only make it stand out from the rest, but also show that you have vision and initiative. Don’t just take an existing template and fill it in with your own information. DON’T IGNORE THE CUSTOMER Do research, conduct surveys, and organise focus groups to find out what your customer really wants. TAILOR YOUR PLAN You need to know your audience. If you are submitting your plan for a bank loan, think like a banker when writing it. If you need investors, write your business plan specifically for them. FIND OUT MORE ABOUT STUDYING AN ENTREPRENEURSHIP COURSE AT www.oxbridgeacademy.co.za PROOFREAD Even if you are a really good writer, ask a few people you trust to proofread your business plan. It’s easy to miss your own mistakes.

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