When I meet a small business owner and mention the term business plan, their eyes normally glaze over because it’s a document that isn’t an integral part of their business and is only prepared to get finance or show someone else how their business is supposed to perform.
That’s right… supposed to perform because most businesses never meet what’s in their business plan. (Just ask your bank who sees the results when businesses miss their business plan)
So what does a simple business plan look like?
It get’s to the point fast and is not full of statistics and jargon that sound good to other people but make no sense to the business owner.
A simple business plan is a plan of action with measurable goals that the small business owner can understand and know how to achieve
In fact, a business model is the simplest form of business plan. It is a model of how to achieve a sustainable business and the business owner understands both the words and numbers presented.
What’s your experience of business plan and business model?
Do you have a simple way of understanding how the words and numbers work in your business?
Have you spotted a really simple format that works for you?
