Have you noticed how many resources there are and how much information is available today on writing a business plan? You can find anything you need: software, documents, templates, outlines and a lot of  experts that can help you. Most experts and resources will tell you exactly how your business plan should be written and maybe even provide a template that only needs slight changes to fit your needs.
It is undoubtedly that you need a good business plan but it isn’t necessary to spend hours, days or even months writing your story so that people can read all about what you are going to do. Firstly, your business plan will be looked over by bankers or investors who are not so much interested in your story as they are in whether you will succeed. Secondly, you may spend a lot of time writing this great and wonderful story only to find at the end that you cannot make it work.
You need to analyze the practicability of your prospective business. You may start by using good software or a professional that can help you do the study and develop a set of projections that will be sure you have considered everything. Unfortunately a lot of businesses fail because of inaccurately projected cash flow needs and perhaps because they have not been realistic in their projection of sales and expenses. You should always remember that writing a good plan is about first doing it for you.
To make your plan feasible you should settle a list of goals you want to accomplish and how you are going to achieve them. For example, you may now have a job that provides you with a steady income. How much must your business make to exceed that income and how long can you survive if your income is reduced? Can your project bring enough money to satisfy the needs of investors? Investors usually want higher than normal returns on a high-risk investment like a start-up business. Can you meet the loan payments that are required and do you have sufficient equity in the business to satisfy the lender requirements in order to get the loan in the first place? Lenders will look critically at your cash flow and the amount of cash and assets you have invested in the business.
If you are sure that your business plan is feasible, then be confident that you have done a lot more than a financial projection. Now you know what is it to make your business work, you have gathered required professionals who will help you to succeed in your business, and now it will be much easier to write the rest of the story. So, if you are going to write a business plan, the best way is to start with the feasibility because it will tell you a lot about your business before you even get started. If it looks good you will have a possibility to sell it to the bankers and investors. But, if not you’ll know that you haven’t wasted a lot of time writing a fiction novel.
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