By listening to this Podcast, you will learn:

• If it is viable and a good idea for you to write your own Business Plan.
• If you do decide to write your own Business Plan, the Podcast will give you a top-line view of how to do it.
• If you decide to get help, the Podcast will help you understand which parts of Sections you may need help with and which you can do yourself – this should help you save time and money.

Firstly, the Podcast will take you through what is involved:

• Step 1 – Discovery
• Step 2 – Research analysis
• Step 3 – Design and writing
• Step 4 – Financial information gathering (from external sources)
  • Profit & Loss, Cashflow, and Balance Sheet
  • Projections out for three or five years

Since late 2020, I have written more than 15 business plans for hair and beauty start-ups. Every plan is professionally written by myself and my small team. They’re also competitively priced so they won’t blow your budget.

How to go about your discovery step yourself (or with a Business Plan Writer)

The first step you need to do when you write a Business Plan, or when someone writes one for you, is called “Discovery”. You need to fully understand (discover):

• What your business is about
• What type of investor or location you’re seeking
• Whether your business is a startup, still in planning, or established and seeking refinancing or growth

This step also identifies what information you don’t have—so we can gather it for you.

How to do the research analysis for your Business Plan – or to hire an Expert

If you do this yourself, or if you ask us to do it for you, the process is exactly the same. You or we gather and analyse the necessary information, such as:

• Market research
• Risk matrices
• Financials
• SWOT analysis content

This ensures your business plan not only attracts investment or helps you secure a lease but also serves as a powerful ongoing Business Planning tool to grow your business.

If you want to write your own plan

Market research; If you are doing it yourself, you will gather competitor, industry, and local market data – this should be around 6 to 8 pages in length. Use only trusted sources of data from reputable market research companies.

This ensures your plan is strong enough to not only attain both national and state accreditation, but also to serve as a roadmap for business growth.

Risk matrices should describe risk types and categorise it. Aim for at least 4 pages of these

Financials should include projections for revenue / sales, costs, expenses, and cash flow to create your Profit & Loss, Cashflow, and Balance Sheet. Do these at monthly level for the first year

Designing and writing your Business Plan document

The Podcast will talk about the importance of allowing time to do two drafts. A good Business Plan needs to hang together well and the different Sections need to support each other and all make sense once read in one go. This will help you both secure investment or a potential lease. The Podcast talks about this in more detail but briefly, when you are reviewing your first attempt or draft, you should be looking to have or improve:

• Clear written content
• Charts, pictures, and graphs
• Detailed financial tables

Finalisation

The Podcast then talks about, if you have written the Plan yourself, either the first draft and/or two drafts, now is a great time to get it checked by an Expert. If you are nervous about the financial sections, the Podcast recommends you talk to your Accountant; if you are nervous about the legals, you can talk to your Lawyer. Of, if you prefer to get all of this done with one single professional, a Business Plan Writer can help.

How to get help if you get stuck or want a second opinion on your Plan

Starting a business doesn’t have to be overwhelming. The Podcast will talk about options if you’d like to chat before purchasing, or simply use the Contact Us form on our homepage.

If you’re ready to proceed, you can Buy Now here.

If you just want us to do a review of your first draft or help you with any one particular section that you are stuck on, we have a service to review your Business Plan.

We hope you enjoy the Podcast.