The Best Method to Develop a Business Plan

Posted by Venkadesh Narayanan on

The general sequence is you come up with a business idea to solve a problem in the society. This business idea need to be developed as a business plan to assess and analyze it. Then implementing this business plan will lead to the establishment of the business.

As a business consultant, I have been part of various business plan projects, part of business plan competition juries and member of investor meetings. For several years, I am coming across one same question that is about the best method to prepare a business plan. Though I was little clueless, but used to recommend whatever I know at that point of time such as recommending some books, various elements of business plan, business model canvas, several business analysis techniques etc.

The Best Method to Develop a Business Plan

As everyone had their ahah moment, I had one today. I found the answer to the above that is questions. So far in my experience, best business plans came out of thorough questioning to assess the viability of the business idea. A team proposing a start-up presenting their business plan in front of the venture capitalists undergoes a volley of questions. If they come out of this unscathed, most probably they reach the promise land. But what I have seen is most of the business plans are shot left and right by the venture capitalists and by consultants like me who are part of the team that conducts the review.

With this insight, Fhyzics created a series of business plan check lists, which will pose hundreds of questions on your business idea. The idea behind this check list is that if you do this diligently, you will almost mimic the same experience what you will undergo while presenting the business plan to venture capitalists. And if you answer all these questions seriously, you will craft a nice business plan. If you are looking for business plan check lists please visit our collection or email us at cs@fhyzics.net


About Author
Venkadesh Narayanan is the Principal Consultant at Fhyzics Business Consultants Pvt. Ltd. with over 25 years’ experience in business consulting, business analysis, process improvement, supply chain and new product development. He is a mechanical engineer and an MBA worked for several organizations in India, USA and Canada prior to joining Fhyzics. He is a former Indian Civil Servant [IRAS 2000 Batch] and served in Ministry of Railways, Government of India. You can find some of the videos of Venkadesh Narayanan on various topics in our YouTube Channel Business Analysis Digest and also feel free to connect with him through LinkedIn.

 Business plan.


Business Plan Checklist :

Agriculture Business Plan Checklist | Automotive Business Plan Checklist | Bakery Business Plan Checklist | Bank Business Plan Checklist | Bar Business Plan Checklist | Beauty Salon Business Plan Checklist | Boutique Business Plan Checklist | Business Plan Guide | Business Plan Template | Cafe Business Plan Checklist | Call Center Business Plan Checklist | Car Wash Business Plan Checklist | Catering Business Plan Checklist | Child Care Business Plan Checklist | Cleaning Business Plan Checklist | Clothing Business Plan Checklist | Coffee Shop Business Plan Checklist | Computer Business Plan Checklist | Construction Business Plan Checklist | Convenience Store Business Plan Checklist | Courier Business Plan Checklist | Cupcake Business Plan Checklist | Cyber Cafe Business Plan Checklist | Ecommerce Business Plan Checklist | Farm Business Plan Checklist | Fast Food Business Plan Checklist | Film Business Plan Checklist | Fitness Center Business Plan Checklist | Florist Business Plan Checklist | Furniture Business Plan Checklist | Graphic Design Business Plan Checklist | Gym Business Plan Checklist | Hotel Business Plan Checklist | Ice Cream Business Plan Checklist | Insurance Business Plan Checklist | Internet Business Plan Checklist | Landscaping Business Plan Checklist | Laundry Business Plan Checklist | Law Firm Business Plan Checklist | Magazine Business Plan Checklist | Manufacturing Business Plan Checklist | Music Business Plan Checklist | Nursery Business Plan Checklist | Photography Business Plan Checklist | Pizza Business Plan Checklist | Poultry Business Plan Checklist | Property Management Business Plan Checklist | Restaurant Business Plan Checklist | Retail Store Business Plan Checklist | Salon Business Plan Checklist | School Business Plan Checklist | Security Business Plan Checklist | Spa Business Plan Checklist | Tourism Business Plan Checklist | Transport Business Plan Checklist | Travel Agency Business Plan Checklist | Website Business Plan Checklist


Keywords: Starting a Business Checklist, Business Plan Checklist, Business Startup Checklist, Small Business Checklist, Small Business Startup Checklist, Starting a New Business Checklist, Startup Checklist, Small Business Plan Template, New Business Startup Checklist, Business Plan, Agriculture Business Plan Checklist, Automotive Business Plan Checklist, Bakery Business Plan Checklist, Bank Business Plan Checklist, Bar Business Plan Checklist, Beauty Salon Business Plan Checklist, Boutique Business Plan Checklist, Business Plan Guide, Business Plan Template, Cafe Business Plan Checklist.

0 comments

Leave a comment

Please note, comments must be approved before they are published