During the earliest stages of starting a business, you should avoid writing lengthy plans. Instead of following lengthy traditional business plan, opt for a realistic, practical tool: a one-paragraph startup plan. It is possible to write everything there is to know about your brilliant business idea in one paragraph. A traditional business planning teaches ‘brainstorm-write-brainstorm-write-revise-revise-execute’; the goal of one-paragraph plan is to have you ‘brainstorm-write-execute-revise-execute’. There are fundamental differences between these two approaches. The traditional route would have you finalize your entire strategy based on a hypothesis without testing or validation. The one-paragraph startup plan is designed to test your hypothesis through daily experimentation. It also serves as a fluid action strategy that grows along with your startup.

Scott Gerber suggests using following five steps to write a practical business plan to launch a new company quickly.

1. Answer key questions about your business.
2. Write checklist
3. Execute your plan
4. Revise your draft plan, and
5. Continue to update your plan

Break each sentence in your start-up plan into five immediately executable steps — statements you can convert into reality. Each step should move your business forward in some way.

To know more about writing effective one-paragraph business start-up plan, read the article; visit: http://www.entrepreneur.com/article/217696

About Jim Jacques

Jim Jacques is the President of United Virtual Office, a leading nationwide provider of virtual offices for entrepreneurs, startups and small businesses. A virtual office includes an address at a prestigious business location in the US, live virtual receptionist, courier services and more. Google +

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