Well, the above idea can be true to some extent, but what if you are running out of time and have to focus on too many things. In this case, sparing enough time to write a detailed business is literally hectic and may be impossible as well.
What if you could have a simple one page business plan?
For a business plan to be effective the first and most important rule is to keep it simple. Better is to develop a first and then elaborate the necessary details only.
So having a simple one page business plan is better than having no plan documented at all. But wait, this one page business plan is not the one you present to potential investors. For that very reason, you should have a detailed plan, preferably written by an expert if you cannot do it yourself!
If you want to do the detailed document yourself, check out some of these links for help!
- How To Write A Great Business Plan
- Keeping Your Business Plan Flexible
- 10 ways to keep your business plan simple.
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