A business plan is indeed a valuable tool particularly for entrepreneurs thinking about starting a new business. Put simply, a business plan is a necessity for any start-up. However, writing a unique and captivating business plan is easier said than done. It is a herculean task for entrepreneurs with little or no experience in business, particularly when you’re running out of time.
This article outlines online resources available for researching and writing an outstanding business plan. Here are some of the best resources online to check out
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Small Business Associations
This is an excellent place to get ideas on how to write a business plan on your own. The Create Your Business Plan section on the website will serve as a guide. If you don’t know where to start or are confused at some point, this free service provides you with a step-by-step guide on how to create your business plan the easy way.
Another interesting feature is that you can save your plan online and make updates anytime, any day. Alternatively, you can download it as a PDF file and share or send to your target audience.
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SCORE
Another top-notch online resource for business plan writing is SCORE. Check out their Business Plan page for some free business plan tips, tools, and templates. The templates include a guide to writing each business plan section, followed by corresponding fillable worksheet.
The website is also packed with free business workshops and webinars. Free, confidential business mentoring is also available for entrepreneurs. Depending on your choice, you can either have the coaching done in person, by video or via email.
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IBISWorld
IBISWorld provides carefully researched market analysis on hundreds of industries all around the world. This is the place to be for anything related to market research. Here you can find useful information on demographic, economic and market data.
The comprehensive reports found on IBISWorld will keep you updated about the latest happening in your specific industry. This way, you can make informed decisions faster and easier.
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Plunkett’s Research
Plunkett Research, Ltd is the go-to online resource for industry sector analysis, research, statistics, and trends. You can get detailed reports and analysis on hundreds of industries. Regardless of your market or industry, Plunkett has something for you. Some of the industry sectors covered include financial services, entertainment, IT, healthcare, retailing and so much more.
You will be surprised at the vast information available and the diverse ways to access. You can also export, download or email reports within few seconds.
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American FactFinder
Today’s business owners need instant access to reliable, comprehensive data. American FactFinder delivers comprehensive statistics and information about housing population, industry and business in the United States, Puerto Rico and the Island Areas. It is the best resource for those looking to obtain a wide range of demographic data conducted by the U.S. Census Bureau.
The website provides data and information in a tabular format. This database is well lined out and duly sourced by expert statisticians, making it an excellent starting point for any business research project
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U.S Bureau of Labor Statistics
The U.S Bureau of Labor Statistics is a reliable source for statistical data on productivity, prices and the labor market. These statistics produced are frequently used by a wide range of body to help in their decision-making process. Some of the individuals that rely on the data and statistics produced by the site include consumers, financial investors, business leaders, policymakers, researchers, economists etc.
Some of the data on the site that may be useful in the market research section of your business plan include Local Area Unemployment Statistics, the National Compensation Survey, and Consumer Price Index
Starting a new business is both intriguing and overwhelming. These online small business resources contain useful information to get you off on the right foot.