Leading Entrepreneurship

If you have ever written a business plan before, you understand the difficulty in knowing when to stop writing. If you have answered the following 10 questions, you have achieved your goal.

1. Who is the firm’s target market and why?
2. Why will this target market purchase from your firm?
3. What are the firm’s roadblocks to success?
4. Why will management succeed?
5. What will be the owner contribution ($, time, assets, IP, etc.)?
6. What assets and people will be required?
7. What is the expected required financial return?
8. What is the proposed exit strategy?
9. What is the funding requirement?
10. Is there a clear tie between the financial, operational and marketing plans?

If you still seek objective evidence that you have completed your plan, try your local Small Business Development Center for a free business plan review.