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Here is a simple and fast way to create a business plan during your lunch hour. A great business starts with a good plan, the plan doesn't have to be long and drawn out to be good. You can write a business plan with less time than you would imagine.

* Decide on type of business *

First of all, ask yourself these questions, what is your business going to be? Is it a business that can be operated from your own home? Would you have to rent some space in order to run your business? What supplies do you need for your business? Is it a small business that you can manage on your own? Would you be required to hire staff? Write these questions and answers down.

* Work out the finances *

Now that you have established what the business is, and what you will need to run the business, you need to work out the cost of everything you are going to need. What is the cost of all the equipment, or materials you will need to get your business of the ground? If you can't run the business from your home, then you will have to look around your area for a suitable location. Do you have enough money to establish the business on your own, or do you require another financial resource in order to set up your business? Maybe you need a business partner?

* Find the perfect location for your business *

Think of this not only in terms of cost, but in respect to the best place for the type of business you are setting up. Find a place of a suitable size, in a desirable location, and also think if the location you choose will benefit your business. If you need to hire staff to help, how much will you pay them?

* Put your plan on paper *

Write down all of the costs to run your business. Try and keep to a steady budget through the life of your business. Have an amount set aside per year for all the costs, and try and stick to this budget. There may be additional costs, but try and insure that with additional costs you find ways in which to have additional profits. A good business plan is one in which is well balanced.

* Plan for the year ahead *

Set out a business plan for the next year. Write down a reasonable amount of money you expect to make in the first year. How much profit you think, or hope, your business will make over the year. Exclude financial costs, such as rent, staff costs, costs of material, and anything else you will need on a regular basis. Have a goal that you can work towards achieving. Set a plan on how you can achieve your goal, and cut the costs of running your business over a set period of time.
* Keeping the business running *
Think of ways to improve the quality of your business. Advertise your business as much as you can. Distribute flyer's around your neighborhood, advertise in local shops, or stores, tell everyone you know about your business, or if you have the money the Internet is a good way to make sure you advertise to a wide audience. You could even set up your own website, selling, advertising, and writing about your product and services.
This is a simple, quick and easy business plan that you will find you can fit into your lunch time. Following a plan can make for a successful business, just write everything down, and be prepared before starting your own business.

Learn more about this author, Pauline Abreu.
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