You’re working on your business plan, and you’re finally in the home stretch. You can practically see the finish line. And then it happens. You hit the invisible wall between you and your end goal(s).
This is a very common conundrum amongst entrepreneurs of all experience levels. A business plan can go from rolling along smoothly to a dead halt in a matter of minutes. There’s no need to panic, however.
You can get back on track and finish your business plan. You just might need to take a couple of detours from the original trajectory of planning. Are you familiar with the term “writer’s block”? Well, the concept behind the phrase is highly applicable to preparing a business plan as well.
Steps to Take to Fight the Business Plan “Block”
The following steps will help you get your head back in the game and get your thoughts flowing like an opened dam-
- Keep it in mind that your business plan is a lot like a living organism. It is constantly growing, evolving, and developing new requirements and strengths. Or at least it should be. When your plan becomes fixed, it really just becomes stagnant. So you’re never really ‘finished’.
- Step back and take a break from the actual planning aspect if you get stuck in the final stages. Take this time to do some more in-depth research into your competition and what they’re currently doing/working on.
- Find a fresh pair of eyes to look over what you have so far. The more professional and experienced the eyes, the more helpful. Strongly consider speaking with an experienced business plan developer. They’ll be able to help you identify the weak points in your plan that are interfering with the plan’s overall success.
Worst case scenario, when you take a step back from your plans and look at the bigger picture, you’ll realize that you may need to just start fresh. You can always take the core concepts of your first business plan and use them as the building blocks for something even better.