Business Planning and Development

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View Poll Results: Did you write a business plan in preparation for launching your practice?
Yes! I followed the traditional business plan model. 48 33.57%
Yes! I wrote a business plan but it was a casual draft. 46 32.17%
No...I didn't write a business plan - do I need one? 29 20.28%
Yes...I wrote a business plan, kind of, it's all in my mental filing cabinet 20 13.99%
Hmmm, what's a business plan? 0 0%
Voters: 143. You may not vote on this poll

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    #21 (permalink)  
Old 03-26-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
I didn't, though I always recommend them to others and have written several. If I was seeking a loan or investors I would have a booty kickin' BP, but as it is I don't feel it's necessary.
    #22 (permalink)  
Old 04-04-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
I have a work in process right now, I hope to have a complete and traditional plan when it's complete but I only completed the essetials before kicking off officially. I have my basic policies in place, my market defined, my sales goals and forecasts, expenses forecasted. I still have work to refine it and will be meeting with a SCORE counselor next week.
    #23 (permalink)  
Old 04-04-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
Quote:
Visualising takes it even further. So I make sure the text is in colour and large, I have images that relate to the theme of the goals and it has a coloured background. Printed in bold bright colour (I use PowerPoint) and then laminate it and it sits on the wall so every time I look at my monitor, the goals sheet is within sight too.
I love this idea!!!!! I have a basic plan for my biz and a to-do list on my bulletin board, this is a great addition!

Laurie
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Old 05-23-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
No business plan. But I plan to put something together but not so formal.
    #25 (permalink)  
Old 06-11-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
I wrote a business plan following the traditional model. I wasn't going to at first because I am funding the biz myself, but have a few friends that have started business and they insisted that it was something I needed to do. I originally thought it was a way to document my idea. What I found out was that it REALLY made me think about what I wanted my business to be. It sounds a little crazy that I didn't really know what I wanted until I put it on paper, but that's the way if turned out. I have to admit that my business is a somewhat different animal now that it's written on paper!

Jennifer
    #26 (permalink)  
Old 07-12-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
Business Plan writing is too time consuming, sometimes it drains me mentally and at one point my motivation waned because it can be mentally exhausting for someone new to it. But now, I'm liking it. It makes me think ahead and put my goals in place for my business.
    #27 (permalink)  
Old 07-12-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
A business plan looked so overwhelming that I skipped it. But I'm attending a presentation later this month about the One Page Business Plan (r) and am planning on using that to write one. One page doesn't seem overwhelming.
    #28 (permalink)  
Old 07-13-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
In one of my business networking groups, the ladies discussed this very topic and found that some of us with very successful businesses didn't have time to initially create a business plan. The business just "happened to quickly for it". I don't think that anyone felt that it was a waste of time though and many wished they had one or are doing one now. Sometimes when you are starting a new business -- in a fairly new industry like we are in, you might not know what things you are going to need to consider beyond target audience.

I wrote a business plan for two reasons. 1. I was fresh out of business school and I knew thats what I was "supposed to do". 2. Because my husband wanted to see on paper that I had actually thought this through.

It was a good decision, though after being in business for 5 months I am learning that my marketing plan is a very important piece to that and that is the part of my plan that I did not do. However it is my goal within the next 30 days to work with my business coach on that and get that done as well. I will likely refer to that much more often than the business plan.
    #29 (permalink)  
Old 08-13-2008
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Default Re: Poll: Did you write a business plan in preparation for your practice?
I have tried to sit down and get a business plan accomplished. Everything I have read and researched has told THIS MUST BE DONE.... I'm having a difficult time, maybe I don't need to get so detailed with it-
    #30 (permalink)  
Old 08-13-2008
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Join Date: Aug 2008
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Smile Re: Poll: Did you write a business plan in preparation for your practice?
Yes and I am still tweaking it. It is very involved and I often go to it on a regular basis to finalize it. It's not really going to be finalized because as the business goes through changes finacially or otherwise, there is always room for tweaking. I was actually waiting to completely finish it before starting, but I had the basics and goals to go by in small doses with one long term goal so I set the launch date and stuck with it. I went on the SBA site and completed some tutorials on writing a business plan. That was very helpful.

I actually purchased a template from a Virtual Assistant Chamber of Commerce website. It was helpful, to get me on the right track but also allows room for me to tailor it to my goals.

Sincerely,
sy(Sheila)
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