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business philosophy feature image
'How to Write a Business Plan for Small Business' Series
Treana Wunsch

How to Write an Effective Business Plan: The Business Philosophy

In order to have a successful business, it is essential to have a strong business philosophy. It is based on the company’s core values and beliefs. It’s built upon the Mission Statement. It serves as a guide for decision-making and helps to keep the business on track. The business philosophy defines the business relationships with your employees, suppliers, customers, environment and community.

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business plan business profile
'How to Write a Business Plan for Small Business' Series
Treana Wunsch

How to Write an Effective Business Plan for Small Business: The Business Profile

The Business Profile section is a summary of the framework of your business. The intention is to give an overall picture of the specifics of the business. Even though this section should only be about a page long there are a lot of decisions that need to happen first. It can be in point form and it should include the following:

1. Business Name
2. Legal form of business
3. Members
4. Location (or projected location)
5. Projected start date
6. Mission statement
7. Vision statement
8. Objectives

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how to write a business plan: 6 FAQ cover image
'How to Write a Business Plan for Small Business' Series
Treana Wunsch

How to Write a Business Plan for Small Business: 6 FAQ

During my experience with writing business plans, I’ve come across many frequently asked questions. Business plans take time and effort to write so many people want to avoid this step when starting a small business so here are 6 of the most common questions I come across:

Can I write a business plan myself?
How long should a business plan be for a small business?
Do I need a business plan for a small business?
How long should it take to write a business plan?
What is the easiest part of a business plan?
What is the most difficult part of a business plan?

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making a plan
'How to Write a Business Plan for Small Business' Series
Treana Wunsch

How to Write a Business Plan for Small Business: The Intro

The best way to learn how to build your dream business is by learning how to write a business plan. It’s the instruction manual for your business. By going through the process of writing the business plan, you’ll discover if your business is feasible before you put your money, time and energy into it.

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