BizPlan Builder: BizPlan Builder was rated a best buy from PC World and there software offers a one, two, three approach to creating your plan. With BizPlan Builder you simply fill in some blanks of sentences using Microsoft Word and Excel, use their PowerPoint template to help perfect your investor pitch, and compile and print your personal business plan. The ease of use and dramatic results make BizPlan Builder one of the best software programs in the industry.
Many small businesses take a "fly by the seat of your pants" approach to operating their businesses. For example, let's say that an excellent business opportunity arose for you, an opportunity that would net your business $5,000 over the next 3 months. However, in order to take advantage of this opportunity, you need an initial cash outlay of $1,000. Do you have the resources necessary to take advantage of this opportunity?
Set out a basic management structure outlining who has responsibility for various aspects of the business. This will be easy in the beginning but eventually you may have marketing staff, administration staff, kitchen staff and servers. Make it clear how you plan on delegating tasks, leadership and responsibility for decision making down to your employees.
If your answer is no, you may have been able to easily accomplish this goal by planning for such expenses in advance through a business plan. Even if having cash at the ready is not a viable alternative for you, you may have planned to have a line of credit available for such opportunities, knowing that in your field these opportunities do arise from time to time.