Business Consultant Business Plan: Leave the Holes

Today we are going to talk about your business consultant business plan and I am going to challenge you to leave the hole. Let me explain what I mean. As consultants we do a lot of thinking. Our job is to think on behalf of our clients, but when it comes to our own business we think too much. Whether you are creating your first business plan or fifth generation new growth plan, I am going to challenge you to leave the hole. Don’t try to think through all the iterations before you actually roll the plan out. Don’t try to come up with every contingency, every plan A, B, C, D, E, F and G. Do your best to come up with sharp thinking, trust your thinking, and then roll the plan.

Old Mindset: Holes are bad and you must fill them. The old mindset that most of us have is that holes are bad and you must fix them. There is a fear that comes along with holes. We don’t want anybody to assume we haven’t thought our plan all the way through; we don’t want the public embarrassment. However, one thing about holes is that holes don’t make mistakes. If you allow your fear of failure to drive you, you will rush to create a new process to solve for a problem that may not exist at all. That rushed process can create plenty of mistakes. But if you have the courage to leave the hole then no new problems will arise. You can manage the situation with more patience and savvy.

Also, consider that a hole is a legitimate data point. Customer complaints are data. Lost revenue is data. Low employee morale is data. Even if you get a zero as the specific output, that is a data point as well. The holes you find are prompts to ask great questions. Think about how the work is supposed to be done. If you realize a hole, this is an opportunity to brainstorm around how the hole got there and solve for the root cause.

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Business Plan Guide – 7 Mistakes to Avoid When Writing a Business Plan

A business plan guide is a great place to start when you are getting ready to start a new business venture. Perhaps you have found a book about writing business plans, or are following a template, but chances are, these materials will only focus on the steps necessary to create your written report and will fail to point out the critical mistakes that most new business owners make. So let’s ignore the step-by-step tutorial for a moment and focus on the real world mistakes you need to avoid.

1. Don’t Put it Off.

Yes, writing a business plan can be a monumental chore. It’s easy to procrastinate while you focus on the more exciting processes of your business. Many new business owners will wait until the day before their scheduled meeting with the bank — and then frantically try to write a plan overnight. You can imagine the results.

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How to Write a Business Plan – Tips and Insights

Writing a business plan is not a simple task … nor does it need to be a painful one either.

For starters, if this is your first attempt, you should look for Govt. and Non Govt. resources for small businesses and entrepreneurs ….. like your local chamber of commerce.

For online resources LinkedIn is a good start. Also try advisorgarage, gobignetwork, and similar networks to find a business consultant ready for pro-bono work.

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