Are you thinking about how to write a business plan for your next project? Are you worried because you don’t have so much money to hire a consultant to write a business plan for you? Are you wondering what the various components of a standard business plan are?
The good news is that the days when writing a business plan for a bankable project would cost you an arm and a leg are over. Now, you can write your own business plan fast and easy without spending a dime.
Thanks to the TEF Connect platform, writing your business plan has now been simplified to answering some questions about your business or prospective business. In fact, it is so simplified that all you need to do is to follow these simple steps and at the end of the day, you would have you well crafted business plan available for you.
How to Write a Business Plan
The simplest way to write your business plan fast and easy is to do so on the TEF Connect which is Africa’s largest digital platform for entrepreneurs. TEF Connect is a platform created and run by the Tony Elumelu Foundation, Africa’s largest philanthropic organization supporting African entrepreneurs. So, how do you get your business plan ready? How do you get on the platform and use the free business plan generator on that platform to craft your business plan?
Register on the TEF Connect Platform
Registering on the TEF Connect Platform is free and all you need to register is a valid email address. Please read a detailed guide on how to register on the TEF Connect Platform here.
Locate the Business Plan Builder
Once you’re logged in, locate the business plan builder. It actually under business tools. If you’re using a PC, then look at the right side bar and keep scrolling up till you find Business Tools under which you’d find business plan builder.
If you’re using a mobile device such as a smartphone, once logged in, keep scrolling up until you see the business tools widget stick to the menu bar on your smartphone. Right under it, you’d see the business plan builder with a pulsating red dot next to it. Click on the Business Plan Builder.
Fill out the Business Plan Generator
Once the business plan generator appears, all you have to do is to fill it out as accurately as possible with information about your business. The business plan generator is already structured to deliver a well crafted business plan based on the information provided.
Please note that even though the business plan generator starts with the executive summary, you could skip that and attend to other sections. This is because the executive summary is usually the last part of a business plan to be written.
Therefore, just go ahead and fill out other sections and return once you’re done to write the executive summary.
Download your Free Business Plan
Once you’re done filling all the sections, you can preview your plan. If there are corrections you’d like to make, return to the section in question and effect the change. Otherwise, just hit the download button and your well crafted business plan will be downloaded onto your device absolutely free and easy.
Now you see that you can save those expenses hiring a professional to write a business plan for you all thanks to the TEF Connect Platform created by the Tony Elumelu Foundation.
If you found this guide useful, please share it with your friends and networks especially those having difficulties with writing their business plans.
If you still need further guidance on how to use the business plan generator to write a business plan, please send an email to email@example.com or whatsapp +2348163052034