“An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.†– Roy Ash 5 Steps to Writing A Startup Business Plan 🚀 Step 1: Take calculated risks ✅ When you are running a new business, you will often be told that it’s risky and that you should stop doing what you love doing and so on and so forth. But you should know that running a successful business is all about taking calculated risks. Step 2: Why Should You Even Write A Business Plan? 💼 Below are a list of pointers that show you the benefits of writing a business plan. – deeper understanding of your own business – insights into current and future trends – fund raising (pitching to investors) – attracting talent Step 3: Outline of a Typical Business Plan 🎯 • Company Name • Non Disclosure Agreement (NDA) • Table of Contents • The Idea • Mission and Vision • SWOT Analysis • Target Market • Competitors • Your USP • Business Model • Financial Model • The Team • Positions and Responsibilities • Investments • Organization Type • Organizational Hierarchy • Monetization and Break Even • Sales and Marketing Plan • Action Plan / Deadlines Step 4: Prepare A Non-Disclosure Agreement ⓠ💡 Quick Tip: You should take legal help here. This blog post is just an overview of how a business plan should be written. If you have got an idea or product that can be patented, then you must seek legal help before talking to anyone about it. Patenting is a complex process and only an expert can guide you at that. That said, make sure you add a Non-Disclosure Agreement (NDA) to your business plan and that the investor signs it before reading your document. Step 5: Most Important In A Business Plan 💪 Make sure you choose a readable font, use a minimum font size of 12 pt, utilize pie charts, and be sure to spell check and proofread your document before sharing it with a stakeholder or investor. All the very best!! Hope this helps you draft your business plan!! ðŸ‘