Saturday, March 29, 2008

Business Plan Software, Templates and Samples---A Huge Trap for Most!

Samples are often helpful, as a guide to what you may need in much of your business plan...if it was developed for the same type of business, a start-up like you with a similar market, team and investment. Software helps so many draft and design a good plan...just not one that is most likely to be funded. Templates more often result in a business plan that looks like a template..not a custom plan that is more likely to attract interest...and capital.

Google "Business Plan" and related phrases and you as a principal seeking a business plan will be flooded with these often bait and switch options। You know bait and switch, the huge red sale tags for stuff only 5% off or maybe much more off...except you don't need it! You don't need software or templates...or a company or Web site that will do the Plan for you after leading/baiting with a template. Plans of substance like a new or better product, service or idea need a custom plan that does not reinvent format or a minority of content but has only what is needed to be both comprehensive and concise.

So, if you think your life, business and business plan all fits neatly in a box, then software or a template may be for you. If you think the opposite, that investors reward out of the box thinking when they recognize such forethought in a professional presentation, then let's chat. (Tim@thebusinessplanconsultants.com)

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