10 Surprising Things Every Business Plan Should Include

I.

Competition in business is essential.

A. Business should use their business plan partly to address the
competition and how their ideas differs from what is already out there.
1) First identify your X factor. What can you do 10 times better than

II.

your competition?
2) Next, test your hypothesis by talking to potential customer.
Innovation is a critical component of every business plan.
A. In planning business, your ways should be highlight in which your star
up will be original and groundbreaking.
1) Making innovation part of the plan, the process becomes
intentional, not reactive or accidental and sets the stage for a

III.

culture of creativity and innovation for the long run.

Contingency plan is applied for unexpected issues.
A. It is highly unlikely that everything about your business will go
according to plan.
B. Allows managers to make any necessary business-model changes
should something not go as anticipated.
1) If we do not have 1,000 paying customers within six months of
operations, we need to shift product focus.
C. A business plan is great, but there is no point in sticking with a failing

IV.

plan for too long.

Be prepared for unexpected success.
A. Business plan should account for normal scenarios as well as highly
successful best scenarios.
1) Plan bigger and prepare for faster growth rather than being

V.
VI.

surprise and having to rework the plan.

Considering psychographics in a typical business plan.
A. Account customer's values, lifestyle, habits and interests.
Using social media strategy in business.
A. As part of the 21st century, entrepreneurs must know how to
maximized the use of their technologies to promote products and
services.
1) These efforts may also tap into a company's advertising, search

VII.

VIII.

engine optimization and customer service efforts.

Keep employees engaged.
A. Keep them engaged and focus on their responsibilities and tasks.
1) Establish metrics for everyone's performance, and spell out the
rewards for meeting metrics.
An exit plan will be the last thing in your mind.
A. This may due to some changes in business ideas and concepts.

IX.

1) Show investors a path to 10 times their investment.

Implementing plan is one of the key challenges in business.
A. Business plan should include a guide to implementing plan ideas.
1) Often, by the time the planning process is over, the team is
exhausted and burned out, and have the tendency to just go

X.

back to doing things the way they have always done them.
Plan must be followed with commitment.
A. The business plan should include a signed commitment by the
leadership team.
1) This ensures that the leaders understand and will support the
business plan.
2) Companies and employees should be committed to following the
points included in a business plan.

Outlined by: Abanes, Juvire Glay A.

10 Surprising Things Every Business Plan Should Include

1. Competition in business is essential.
1.1 Business should use their business plan partly to address the
competition and how their ideas differs from what is already out there.
1.1.1 First identify your X factor. What can you do 10 times
better than your competition?
1.1.2 Next, test your hypothesis by talking to potential customer.
2. Innovation is a critical component of every business plan.
2.1 In planning business, your ways should be highlight in which your
star up will be original and groundbreaking.
2.1.1 Making innovation part of the plan, the process becomes
intentional, not reactive or accidental and sets the stage for a
culture of creativity and innovation for the long run.
3. Contingency plan is applied for unexpected issues.

3.1 It is highly unlikely that everything about your business will go

according to plan.
3.2 Allows managers to make any necessary business-model changes
should something not go as anticipated.
3.2.1 If we do not have 1,000 paying customers within six
months of operations, we need to shift product focus.
3.3 A business plan is great, but there is no point in sticking with a
failing plan for too long.
4. Be prepared for unexpected success.
4.1 Business plan should account for normal scenarios as well as highly
successful best scenarios.
4.1.1 Plan bigger and prepare for faster growth rather than
being surprise and having to rework the plan.
5. Considering psychographics in a typical business plan.
5.1 Account customer's values, lifestyle, habits and interests.
6. Using social media strategy in business.
6.1 As part of the 21st century, entrepreneurs must know how to
maximized the use of their technologies to promote products and
services.
6.1.1 These efforts may also tap into a company's advertising,
search engine optimization and customer service efforts.
7. Keep employees engaged.
7.1 Keep them engaged and focus on their responsibilities and tasks.
7.1.1 Establish metrics for everyone's performance, and spell
out the rewards for meeting metrics.
8. An exit plan will be the last thing in your mind.
8.1 This may due to some changes in business ideas and concepts.
8.1.1 Show investors a path to 10 times their investment.
9. Implementing plan is one of the key challenges in business.
9.1 Business plan should include a guide to implementing plan ideas.
9.1.1 Often, by the time the planning process is over, the team
is exhausted and burned out, and have the tendency to just go
back to doing things the way they have always done them.
10. Plan must be followed with commitment.
10.1 The business plan should include a signed commitment by the
leadership team.
10.1.1 This ensures that the leaders understand and will support
the business plan.
10.1.2 Companies and employees should be committed to
following the points included in a business plan.

Outlined by: Abanes, Juvire Glay A.

Ashley Smith: Contributor in BusinessNewsDaily.com (2016) 10 Surprising

Things Every Business Plan Should Include
The significance of business plans suggest that having a solid plan allows us
to set goals and make it realistic rather than just an idea. The article claims to
asked experts on how to create a business plan template. For instance, accounting
the competition that differs your ideas from others. According to Martorelli, CEO of
Turnkey, "First, identify your X factor. What can you do 10 times better than your
competition?" "Innovation in business creates ways in which your start up will be
original and groundbreaking." as Amy Hutchens imply, CEO of AmyK International.
Whereas contingency plan is necessary for unexpected issues or complications
because "It is highly unlikely that everything about your business will go according
to plan." by Justin Palmer founder of HomeLife Media. To give an illustration of what
Palmer said, look at the case: "If we do not have 1,000 paying customers within six
months of operations, we need to shift product focus." Similarly with the
preparation for an unexpected success which Elle Kaplan said, CEO of LexION.
"When I started my business, I was in no way prepared for the success and level of
growth we obtained. I should have planned bigger and prepared for faster growth
versus being surprised and having to rework my plan." Furthermore, considering
psychographics in business ideas in order to target customer's values, lifestyles,
habits and interests. As part of the 21st century, entrepreneurs must know how to
maximized the use of their technologies to promote products and services. In
addition, assure your employees to be committed in their tasks. An exit plan must
be the last thing in your mind due to some changes in business ideas and
concepts. Moreover, implementing plan is notably demanding that may have a

great influence within your organization. For example, " Often, by the time the
planning process is over, the team is exhausted and burned out, and have the
tendency to just go back to doing things the way they have always done them."
Lastly, plan must be followed with adhesion. Bob Shirilla (co-founder of Keepsakes
Etc.) said, " The business plan should include a signed commitment by the
leadership team."
Summarized by: Abanes, Juvire Glay A.

Business Plan Tools for Start-ups and Small Business

I.

II.

III.

Business plan templates are tools that help starters to build small business.
A. Shows you exactly what a business plan is supposed to look like and
what goes in each section.
B. These are downloadable sample business plans that you can copy and
modify to fit in your business.
Business plan apps are used by smartphone/mobile users to make tasks
easier to do.
A. These are mobile apps that will let you write a business plan anytime,
anywhere right on your smartphone or tablet.
1. An example of business plan app is Start pad.
a. It is one of the top business plan apps available for Ipad.
b. This app offers a wide range of business planning
resources.
2. Business plan and Start start up app can be downloaded from
the google play marketplace.
a. This app is for android users.
Business plan services help entrepreneurs to manage their business well
through online.
A. It shows you throughout the business plan writing process which offers
similar tools as business plan software.
B. It also lead business and legal specialists who can help you better
understand complex aspects of your businessmen in building plans
and optimize it for investors.
1. A web-based business plan called Bizplan.com comes with a
step-by-step guide to help businessmen in building plans and
optyimize it for investors.
2. Live plan is a cloud-based business plan service that offers
everything from document generation to planning tools and
other.

Reference:
Angeles, Sara (2016, Sept. 13) Business Plan Tools for Start-ups and Small Business

Business Plan Tools for Start-ups and Small Business

1. Business plan templates are tools that help starters to build small business.
1.1
Shows you exactly what a business plan is supposed to look like
and what goes in each section.
1.2
These are downloadable sample business plans that you can copy
and modify to fit in your business.
2. Business plan apps are used by smartphone/mobile users to make tasks
easier to do.
2.1
These are mobile apps that will let you write a business plan
anytime, anywhere right on your smartphone or tablet.
2.1.1 An example of business plan app is Start pad.
2.1.1.1 It is one of the top business plan apps
available for Ipad.
2.1.1.2 This app offers a wide range of business
planning resources.
2.1.2 Business plan and Start start up app can be downloaded
from the google play marketplace.
2.1.2.1 This app is for android users.
3. Business plan services help entrepreneurs to manage their business well
through online.
3.1
It shows you throughout the business plan writing process which
offers similar tools as business plan software.
3.2
It also lead business and legal specialists who can help you better
understand complex aspects of your businessmen in building
plans and optimize it for investors.
3.2.1 A web-based business plan called Bizplan.com comes
with a step-by-step guide to help businessmen in building
plans and optyimize it for investors.
3.2.2 Live plan is a cloud-based business plan service that
offers everything from document generation to planning
tools and other.

Reference:
Angeles, Sara (2016, Sept. 13) Business Plan Tools for Start-ups and Small Business

Business Plan Tools for Start-ups and Small Businesses

A killer business plan can help you turn it into a successful business. Figuring how to
do this correctly is hard enough, but there are several tools available to make these
tasks easier for would be entrepreneurs. First one is the business plan templates. It
shows you exactly what a business plan is supposed to look like and what goes in
each section. Then, we have business plan apps. These are mobile apps that will let
you write a business plan anytime, anywhere right on your smartphone of tablet.
Examples of apps are Start pad and Start start-up. These apps are available for ipad
and android mobile and offer a wide range of business planning resources. Lastly,
business plan services lead business and legal specialists who can help you better
understand complex aspects of your business and business plan. These are the
Bizplan.com, Live plan, and Small Business Administration (SBA).