In this audio segment from last week on Build Your Business radio, show host Barbara Weltman and I are talking about sample business plans: when and how to use them, and when and how not to use them.
Just in case you can’t get the audio on your system, or you don’t want to bother, I will summarize for you:
- Sample business plans are often misunderstood. You should never think you can find a sample business plan that you can use instead of developing your own plan for your business. It doesn’t work that way. Regardless of how good the sample plan might be — and they aren’t all good — it reflects some other business, not yours; it doesn’t have your strategy, your resources, your team, your location, or anything else that reflects the uniqueness of your business.
- Sample business plans can, however, be useful as examples, to generate ideas, or to see what somebody else included in a business plan.