Would you believe me if I told you that in 2019, when most people hear the phrase ‘business plan’ they think of a frumpy old word document 50 pages long buried deep in a dark file room, with no other purpose but to collect dust?

I often mention the face that most brands nowadays compete on a global market. As the internet and communication technologies become more advanced, access to new markets and customer bases have become the norm. This access comes with it’s own set of challenges. More brands accessing more markets mean stiffer competition, more noise (communication) and inevitably smaller market shares.

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One in three clients who first approach me regarding a business plan is uncertain whether they actually need a business plan, a business proposal or a business presentation or pitch deck. Most often, the consultation process begins with helping the client to identify their needs and my role in facilitating the business planning process. Indeed, there are times when the client’s needs are outside the sphere of niche services I offer, however, the exchange usually ends with the potential client being clarified regarding their needs. So, this article is designed to help the business owner decide which is the most suited to their needs.

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The business model of your business is the structure that you plan to use to generate revenues. Choosing the right business model for your product or service is instrumental in capturing your business’ true revenue generation potential by extending product reach. It is important to also mention that many businesses employ several different business models, either separately or in unison to facilitate several revenue streams.

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What Is A Business Plan & Why Are They Important?

business plan is a strategic planning tool for entrepreneurs. A properly structured business plan not only helps entrepreneurs to focus on the specific steps necessary act on business ideas but also functions as a roadmap them to achieve both their short-term and long-term objectives. A business plan is imperative for a business to attract funding. Banks and other investors want to clearly make the connection between how the entrepreneur will be using capital and how that will translate into a return on their investment.

Although many entrepreneurs know the importance of a business plan, for most startups, funding is a challenge and business consultants are not cheap. The average cost for a business plan ranges between US$500-US$3000. This range is wide, however, it reflects the true variant levels of the needs entrepreneurs and businesses. Additionally, business plans are not static documents and should be reviewed and updated at least annually.

For serial entrepreneurs, these costs add up quickly.

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Learn A Skill

By being equipped to write business plans, an entrepreneur positions their business and themselves to take advantage of more opportunities. In a competitive marketplace, self-development and learning are crucial.

For this reason, I have decided to offer a workshop. Repeatedly requested by clients of mine and other business professionals within my network, it’ scheduled to take place at the Council of Voluntary Services, 2D Camp Road Kingston 5, Jamaica on March 23, 2019.

This full-day Business Plan Writing workshop is a pre-registered event designed for business owners and entrepreneurs who are ready to acquire the necessary skills requires to create a business plan. The process is simplified and broken down into digestible sections. All the essential steps are covered, including drafting the original document; identifying the audience; gathering information; researching; describing product plans; and marketing, sales, and accounting terms. Participants will come away from the workshop confident and prepared to write a business plan.

OVERVIEW

The workshop aims to teach participants how to:

  • – Research and analyze the individual components needed for a business plan
  • – Apply skills to create a business plan for different audiences, including investors, banks, and other stakeholders
  • – Explain the purpose and future of their business in easy to understand terms
  • – Use accounting terms to describe the future for their business
  • – Describe their marketing, sales, and planning strategies

PACKAGE INCLUDES:

Standing Mockup
Workbook and guide included in the package.

– Business Plan Writing Guide (Book)

  • – Presentation (Multimedia)
  • – Pre-formatted Financial Projections Excel sheets
  • – Additional Business Planning Notes
  • – Free Business Plan Review
  • – Lunch
  • The workshop will cover problem areas, such as cash flow projections and designing the plan as needed for specific types of funding.

    The workshop offers a total value of over J$70,000.00. You can’t afford to miss it! Register with a business partner or friend for $12,000 each!


    Shandean Reid
    Business Plan Consultant & Author

    So, you have a business idea. Perfect! Now you want to put it into action. But how? You need a plan. A business plan. This is especially true if you will be seeking investors to get your idea off the ground. Most investors want to see that you have a plan (a good one) before they’ll invest. A business plan is how you will present your idea formally. You may decide you want to work on it yourself or get someone professional. If you decide to work on it yourself, here are a few tips to get you going.

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