Why You Should Write a One-Page Business Plan and The Magic of one

Have you ever felt like the traditional business plan was too daunting and overwhelming? You're not alone— Writing a full business plan can feel like an overwhelming, time-consuming and an arduous process.

Thankfully, there's an easier way. Have you ever heard of the one-page business plan? A one-page business plan is exactly what it sounds like; a concise summary of your business on just one page. This brief yet comprehensive approach to business planning offers numerous advantages over its more traditional counterpart. Sure, it may seem like a crazy idea at first, but trust us—it just might be the key to success that you’ve been searching for!?

What is a One Page Business Plan??

A one-page business plan is a short document that outlines the main points of your entire business in an easy-to-read format. It includes all the key components of a regular business plan, such as your mission statement, goals, strategies, financial projections and more – but condensed into just one page.? This means that you can quickly get an overview of your entire business without having to spend hours writing up lengthy documents and getting bogged down in details.? The benefits are clear - it saves time and simplifies the process of creating a comprehensive business plan.???

Why You Should Make One?

Creating a one-page business plan can be incredibly helpful for entrepreneurs who are just starting out or are looking to expand their businesses. For starters, it can help you focus on what really matters—the essentials—instead of getting sidetracked by unnecessary details or peripheral issues. Additionally, having this type of plan makes it easier to pitch potential investors or partners. It provides them with an easily digestible overview of what your company is about and why they should invest in it. This can also be helpful for employees who may need to have quick access to important information about their role within the organization.?

Finally, if you’re looking for something more concrete than just words on paper (or pixels on screen), making a one-page business plan can help solidify your ideas and actually put them into actionable steps. By writing down your goals and objectives and then breaking them up into smaller tasks that need to be completed in order to reach those goals, you’ll have an easy-to-follow roadmap that will keep you focused on achieving success. ??

Benefits of Writing a One Page Business Plan?

Writing a one-page business plan has many advantages over writing a traditional long form document. Here are some of the key benefits:?

• Time is money...literally! -? When you are starting a business, every minute counts; so why would you waste your valuable time writing an extended document that may never be read? A one page business plan allows you to quickly outline your idea and get down to what matters most—getting your business off the ground.
• Shorter Doesn't Mean Less Comprehensive - Just because your plan is shorter doesn’t mean that it has to lack essential details. In fact, this type of document should include all of the same information found in any other kind of business plan; it just needs to be condensed into an easily digestible format. Every section should still include key points related to your goals, strategy, milestones and financials - just make sure that each piece of information is succinct and easy to understand!?
• Easier to read & understand – A one-page business plan makes it easier for stakeholders to quickly understand complex ideas and concepts about your company. This makes it easier for them to make decisions based on accurate information.
• Quicker to write – Writing up a detailed 40+ page document can take weeks or even months depending on how much research you need to do beforehand. With the one-page version, you can get the same level of detail in less time since there’s less work involved in researching and writing up each section of the document.?
• Easier to update & revise – Having everything condensed into just one page makes it much easier to update or revise parts of your plan if needed in the future. This is especially useful when things change quickly in your industry or market and you need to adjust accordingly in order to stay competitive.?

Need help creating your one page business plan? Schedule a consultation today and see how The Revenue P.I. can help!