As the owner of a number of businesses, including a successful real estate development company, Clarence Brantley understands the importance of creating strong business plans that can be used as the foundation for the growth of the company. Creating an effective business plan is no easy task, so make sure you consider all of the following when writing your own.
Focus On Figures
At the end of the day, business is all about making money so you need to focus as much of your business plan as possible on your figures. Understand your expenditures and potential revenue streams and make sure to double-check every single thing you claim, especially if you are looking to attract investors with your business plan.
Keep It Concise
Many new business owners make the mistake of creating bloated business plans in an effort to provide every last scrap of information that they can think of to the reader. Unfortunately, this approach often betrays a lack of experience and makes it more difficult to get to the most important information in the plan. Be concise and focus everything you write around your business goals.
Consider The Competition
Clarence Brantley has worked hard to separate each and every one of his businesses from the local competition. Understanding the demand for your product or service and, as importantly, how your competition is supplying that demand is vital. Your plan should detail how you will make your company unique and why customers would choose you over other suppliers in the area.
Focus On Figures
At the end of the day, business is all about making money so you need to focus as much of your business plan as possible on your figures. Understand your expenditures and potential revenue streams and make sure to double-check every single thing you claim, especially if you are looking to attract investors with your business plan.
Keep It Concise
Many new business owners make the mistake of creating bloated business plans in an effort to provide every last scrap of information that they can think of to the reader. Unfortunately, this approach often betrays a lack of experience and makes it more difficult to get to the most important information in the plan. Be concise and focus everything you write around your business goals.
Consider The Competition
Clarence Brantley has worked hard to separate each and every one of his businesses from the local competition. Understanding the demand for your product or service and, as importantly, how your competition is supplying that demand is vital. Your plan should detail how you will make your company unique and why customers would choose you over other suppliers in the area.
