Writing a Business Plan is Like Cooking a Pot Roast

When I was a meat eater, I used to love to make pot roast. Let it sit in a slow cooker for 10 hours and the meat became so tender and juicy. It was good!!!!

Writing a business plan is like cooking a pot roast. A great business plan engages the bank or angel investor and has him/her reaching for their wallets. A great business plan inspires your team to help the company achieve success. A great business plan causes prospective board members to say YES to joining your team.

Many people ask me to write their business plans fast; however, the best business plans take time to write. Great business plans take 40 hours.

When my team and I write plans, we typically write a first draft and two revisions. The first draft is a time for us to organize our thoughts and answer the question WHY IS THIS BUSINESS INVESTABLE? (NOTE: People invest not only money but also time). The second draft helps us answer the question DID WE MAKE A CONVINCING ARGUMENT? The final draft helps us answer the question ARE THERE ANY GRAMMATICAL ERRORS?

If you want to develop a business plan that investors will fight to fund, you must give yourself time to complete the project.