1. You need to have the opportunity to be able to formalize your plans. By going through the motions of creating a plan, you get to write your thoughts on paper allowing you to organize thoughts more effectively.
2. A Business Plan will put you in a better position and give you a better chance for success.
3. Do you plan to approach a financial institution or a venture-capital firm for funding. If so you will definitely need a business plan.
4. By creating a business plan, the process will help you to create Long Term Goals, Mid-Range Goals and Short-Term goals.
5. Helps you to determine resources needed to assist in the operation of your business.
6. Helps to identify obstacles and challenges you may face each day thus allowing you to make clearer business decisions with more confidence.
7. Will help you to learn things about your business you didn’t realize before, this will help with sounder decision making in the days, months, and years ahead.
8. How do you know if your idea is viable? Preparation of an Internet business plan is a great way to get the facts to provide proof your business idea will be worth investing more time and money into.
9. Improve your strategy – Test different assumptions related to your market through your own Internet business plan strategy. Through the use of spreadsheets you should be analyzing financial scenarios and refining your strategy as needed. Review various costs, prices and market conditions related to your market and experiment with different scenarios – “Be Open to changing your approach and plans accordingly.”
10. Creating your customized Internet Business Plan gives you credibility by showing people you are taking your on-line business venture seriously. Taking the time to research your business project and the market demonstrates your commitment to success.
11. Keep your company focused on results – As your company grows it is important to compare business progress to your projected goals as well as objectives. It is important to your success you evaluate your company’s progress and ward off possible problems which could arise. A business plan will help to keep your company focused on results and on track to succeed in your chosen market.

There are several steps to building a successful online business.

– Work a little hard to design and create an informative and charming website. A professional hand can help in web creation.

– Next, is to promote traffic to the website. Creation of an SEO program will assist you in achieving this. Use affiliates and press releases to popularize your site.

– Take advantage of established internet-based marketing practices. Building links and using autoresponders are good examples of using the technology to your advantage. Formation of strategic alliances with successful business ventures is necessary.

– Increase the research and your studies on online marketing.

– A proper business plan consists of financial projections. Referring articles on business plans is of much help. Try to demystify the business plan.

A proper business plan is the key for successful output and fund management. Business plans can be sought out from web resources. Follow sample plans that are available online. You can even hire a freelancer to make one for you. Referring to various universities will help in getting functional business plans. Rather than getting confused, make a rough sketch of the intended plan. Approach United States Small Business Administration for assistance if you feel the need.

It is ideal to refer business software programs for a better approach. Search engines can also present valuable information on the best working business plans. A proper business plan should meet all the needs of the company including raising money. This significant tool initiates progress and growth of the company. Maintaining a successful online business is a time consuming venture, yet is preferred by lots of people due to its convenience.

Proper planning always leads to a successful platform. There are many online businesses waiting to be tapped. Medical building one such leading business venture that requires well-programmed business plans, and can be easily handled using a business plan software.

A thorough research is required before starting a medical business. Evaluate the medical practices that come under the target. An overview of the entire medical business is required for a well-managed business plan. They help in setting priorities and opting for the best alternatives. The internet also provides financial ideas by investors and banks. Such ready-made plans can help quickly build up a comprehensive medical billing business.

A diligent research is needed to find out the availabilities. It is better not to go for the easiest way of making money through online. Quite some time is required to select the best job. One needs to go accordingly to their personal interests. It is not apt running after only seemingly huge profit making business as wasting so much of time and effort may not benefit you. It is ideal to select the proper job by putting the heart and soul into it. Being serious about the opportunity, and doing everything to make it work, will ensure success.

However, finding an easy online business or job is not an easy task. If it were easy to find a job, then everyone would have opted for internet based business. Like any other work, internet jobs require sincerity and lots of hard work. For this you need to make out several business plans. After initiating the plans, regular updates and supervision is necessary. Business plans should be made in a way that they can be achieved. Big schemes and huge funds are to be avoided. Finding a partner in making an innovative business plan can certainly do real wonders.

Looking back I don’t think I’ve ever written specifically about business plans before and the more I think about it the more I realise why, because they’re usually a pretty boring subject.

Let’s be honest, business plans are not fun things to write or to read, so I’ve quite happily avoided the subject up to now.

So why the sudden change of heart?

Well, my view on them is a little unconventional and I figured it’s time I told you why.

Admittedly I can think of a few reasons why you might write a business plan, but I can think of whole lot more reasons why you shouldn’t waste your time on them.

The fact that business plans are quite boring to write isn’t a good reason not to write one. However, here are my top five other reasons why you shouldn’t waste your time on one:

Business Plans are Guesswork

Almost everything you write in your business plan will be guesswork. Even worse, there’ll be some pretty inflated and optimistic claims in there that won’t reflect reality at all. Here’s some reasons why you’re going to be doing a lot of guessing:

o You don’t really know how many widgets you’re going to sell until you try to sell some.

o You don’t know what price point to use until you test to see what your market will accept.

o You don’t know whether your customer even wants your product/service until you find a market and ask them.

o You don’t know how to market your business until you try various methods, split test and see what works.

o You don’t know how new tools like Twitter might transform you business, if they aren’t yet invented when you write your five year plan.

So we’ve established that a business plan is largely a work of fiction. What other reasons are there not to write one?

They Give You a False Sense of Security

I don’t mind admitting I’ve written business plans in the past for some pretty bad ideas. Yet, I managed to make the business sound really viable, enough to fool even myself.

This is a dangerous thing to do because having a plan in place which looks great can give you a false sense of security.

With all the guesswork involved you’ll have a free rein to make your plan reflect what you want to happen, rather than what is likely to happen. This can lead you to think you have a great idea when maybe you don’t.

If you use your plan to convince other people it’s a great idea then the problem can escalate. Now those you seek approval from also think it sounds like a good idea, all based on fiction.

Those who have read anything I’ve written before will already know that I believe guesswork doesn’t contribute to a good business mindset and should be avoided whenever possible.

It’s best to just take action, try it out on a small scale with minimal cost and you’ll know very quickly whether it’s a good idea or a terrible idea.

Writing a plan doesn’t make your idea any better, it jut makes it sound better.

No-one Reads Business Plans

Besides yourself while you’re writing it, who are you expecting to read your shiny new 80 page business plan?

An investor might pretend they’ve read it all but the chances are they’ll only read the salient points. They could have established these anyway with a five minute conversation with you.

If you ever have time to read your plan yourself after you’ve written it then you’re probably not spending enough time actually running your business.

You can refer back to specific sections, but these will probably be outdated and obsolete just weeks after you’ve written them.

If you do refer back to it, the optimism you had when you wrote it might inspire you, until you realise the path your business has actually taken is nothing like what you planned.

This isn’t a failure on your part to follow the plan, it’s often a good thing. Let me explain why in my next point.

Your Business Should Be Flexible, Not Rigid

Your business needs to be flexible and dynamic. It needs to adapt to your customers needs, to the changes in the market, to the economic climate, to the available technology.

It needs to evolve as you experiment with advertising media, copy, headlines, price points, offers, social networking and split testing.

As you create a market you’ll be surveying them to find out what they really want from your business and then you’ll be creating exactly that.

You’ll be creating goals that you want to achieve and tracking them weekly or monthly using a spreadsheet.

The common factors here are flexibility, experimentation and adaptation.

Now tell me where a rigid five year business plan fits into this scenario? It doesn’t, because a rigid plan is the last thing you need.

Business Plans are a Distraction

Depending on what sort of business plan you’re writing it could take from a day to a week to write. That’s valuable time you could be spending actually creating and trying out your business.

I’m all for knowing exactly what you want from your business and creating one which supports the lifestyle you want. But let’s not be getting goals and plans mixed up here.

You should definitely have goals, and you should definitely be tracking your progress against them.

However kidding yourself that you know at the very beginning exactly how you’re going to achieve them isn’t going to help, because you can’t possibly know without experimenting first.

Allow yourself to be flexible, experiment and work out what takes you to your goals the faster. That’s a much better use of your time than writing a rigid plan that’ll be out of date a week after you wrote it.

I know my views on this might be a little controversial but I feel it’s only right that I share my thoughts with you. The time you save by not writing a lengthly plan will allow you to concentrate on more important things, like making your business actually happen.

Now my guess is, if there’s one thing that’s been annoying you the most as you read this it’s probably that if your business needs external funding then you do need a business plan. I agree, if you have no choice then you have to create on, that’s obvious.

If this is the case for you then write whatever your potential investors want to hear, as long as it sounds realistic.

Don’t spend forever on it though because when your funding’s in the bag you should put you business plan in your bottom draw and start the real work, figuring out what actually works and doing more of that.