How to Write a Business Plan

ChApter 1 | BENEFITS OF WRITING A BUSINESS PLAN | 9

Securities Laws

If you plan to raise money by selling
shares in a corporation or limited
partnership, you’ll fall under state or
federal securities regulations. You can,
however, borrow money or take in a
general partner without being affected by
securities laws. A complete discussion of
these issues is beyond the scope of this
book. For now, take note that you must
comply with securities regulations after you
complete your plan and before you take
any money into your business from selling
shares or partnership interests.

Your Management Skill

This book shows you how to write a very
good business plan and loan application.
However, your ultimate success rests on
your ability to implement your plans—on

your management skills. If you have any

doubts about your management ability,

check out the resources in Chapter 12. Also

see Chapter     11   for a thought-stimulating

discussion of management.

Issues Specific to Your Business

How successfully your business relates

to the market, the business environment,

and the competition may be affected by

patents, franchises, foreign competition,

location, and the like. Of necessity, this

book focuses on principles common

to all businesses and does not discuss

the specific items that distinguish your

business from other businesses. For

example, this book doesn’t discuss how

to price your products to meet your

competition; I assume that you have

enough knowledge about your chosen

business to answer that question. ●