So, you have your numbers, your research, everything you need to write your business plan.
Now, how are you going to use your business plan?
This excellent post at Business Plan Local discusses one part of your business plan that you may have overlooked, but that may help you tie everything together – the Statement of Purpose.
According to this post, “By starting with goals and working backwards, writing a plan to achieve said goals will make your writing process go much faster.”
Okay, that’s great. So what exactly is a statement of purpose?
Your Statement of Purpose should only be a few sentences and should articulate on “why I am writing this plan.” Please note this is not “why I’m starting a business!”
Reasons to write a plan are applying for a bank loan, attracting a partner or investor, satisfying requirements of a property owner, or simply a good roadmap for yourself.
It should state the reason, how much money you’re looking for, the immediate goal (i.e. to open a storefront), and a one-year goal (i.e. $60,000 in sales or 150 customers/mo).
Hopefully, a Statement of Purpose will help you figure out why you’re writing a business plan and write it faster.
Sierra Investment Group Inc. Carson City Nevada is a small business plan writing service and small business funding resource. They can be reached toll-free at (800) 323-6298 from 8 a.m. to 4 p.m., Monday through Friday, or at firstname.lastname@example.org