How To Write A Business Plan
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Authors
Boylan, Jennifer
Issue Date
1997
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
There are an increasing number of people who are starting their own businesses.
So many people are starting up their own businesses, but have no idea what to do or how
to do it, which makes a business plan a necessity. There is a huge amount of literature
out there on this subject, but it is difficult to find a comprehensive guide. Many
businesses fail because of inadequate planning. The Kalamazoo College SBDC attempts
to prepare people in all aspects of starting a business. Many people who come in simply
have an idea for their business, but haven't put a large amount of planning into it. By
making people aware of the difficulties that lay ahead, they are given a better chance at
success than those who are unprepared. Many people who start a business don't realize
the full extent of what they are getting into, until it is too late. The SBDCs try to alleviate
this problem.
There is a lot more to running a business than many people think. Of course, it is
very difficult for the small business owner to be knowledgeable in every aspect of
business. Small Business Development Centers (SBDCs) are subsidized by the
government to help small businesses in areas where they lack experience. There is
currently a large market for this kind of aid. In working at the Kalamazoo College
SBDC, I saw a wide variety of people wanting to start businesses. It always amazes me
the new ideas people have.
Most clients of the SBDC are people who really didn't know where to begin in
starting their own business. In order to better serve our clients the SBDC has a booklet
that they distribute to clients, "Plan Your Business" booklet. This booklet basically tells
the reader what they need to consider in starting a small business; it gives them a starting
point. Because there is so much information on entrepreneurship, it is difficult to find
something that the average person can understand and more importantly use. This "Plan
Your Business" booklet is such a guide. I decided to base my Senior Individualized
Project (SIP) on this booklet, but go more in depth on the topics. Because this booklet is
a comprehensive guide, it does not go into the details that many people need, but guides
them to other resources for further information. I read a large number of books on
entrepreneurship and starting businesses and consolidated that information into my SIP.
I began the summer not knowing exactly what I wanted to do with the rest of my
life, but had an idea that business consulting might be the right choice for me. This is
because I really enjoy the whole realm of business: for example making a company
successful and helping companies who are not doing so well get back on their feet. The
methods and processes of cutting cost and becoming more economical are especially
important to a healthy business and fascinating to me. I also found that I am interested in
everything it takes to start a business and keep that business running smoothly. Currently,
the amount of people opening their own business is increasing every year, which will
probably continue for awhile before hitting a plateau. But as of now it is a growing
market, which is why it is such a good market to get into. As long as companies continue
to downsize and large companies continue to be cumbersome, uneconomical, and
wasteful entrepreneurship will continue to flourish.
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68 p.
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