Whenever you think of starting a business, you would often receive suggestions asking you to draw a Business Plan.
The first option you would do is Google about the Business Plan; which throws millions of pages !!
And, most of the times, the information is so voluminous that one tends to drift away from the fundamental understanding of a Business Plan.
Second would be to seek formats and templates of Business Plans from your friends, peer startups or even your Mentors, thinking to it customise later.
Most would share their business plans with you.
And the third option is where you pay for ‘the experts’ to draw your Business Plan (?)
(Yes, there are hundreds of Consulting Firms & Consultants, who draw Your Business Plan.)
An Analysis of Successful businesses indicates,
Successful Entrepreneurs do not borrow or buy Business Plans.
Successful Entrepreneurs draw their Business Plans by themselves.
So, What is a Business Plan?
A Business Plan is
Your Business Vision & Mission document.
In simple words, it is a document which answers two fundamental questions:
a) What is your objective you intend to achieve
b) How do you achieve your objective
Your objectives & your actions cannot be decided by someone else.
It is You, the Success seeking entrepreneur, who has to visualise your objective and the path to that objective.
Seeking suggestions and inputs is always good, and you should seek. No denial about that. But the Fire in you is only known to you and only you should describe that Entrepreneur Fire.