Like any major project, creating a business plan requires many different disciplines and resources. Here, four different plan considerations will be discussed. They are: 1) creation team members, 2) partitioning the plan parts, 3) assigning team member hierarchy and 4) writing and editing the plan. Each of these areas is of great importance.

First, appropriate team members must be assembled that have the expertise to address the plan parts. While it isn’t necessary that every one be a skilled writer, they should possess the knowledge needed to create the plan parts. That knowledge can be explicit (e.g., accounting or business management) or process oriented (e.g., internet researcher or editor). Another very important consideration for a member is to assure they are committed to the plan process. The business plan creation process is complex, arduous, stressful and time consuming. Continue reading →