Your feedback could help revolutionize the business plan

  • Fact: Businesses with a formal business plan last longer and make more than businesses without
  • Fact: Only 35% of small business owners complete a business plan

Conclusion: There has to be a better way!

To support business success in our region, our goal is to have more business owners in the region complete a business plan. Even if a business doesn’t need outside funding, it still needs an internal roadmap to guide operations. A business plan doesn’t have to be fancy or comprehensive to be effective, but it does have to exist.

We’re experimenting with a new business plan writing and presentation system that we’ve been calling “The five page business plan” and we need testers to make sure that the process and the plans work in the real world. So, if you’ve been putting off writing a business plan because it seems too complicated and time consuming and you meet our requirements below, sign up to become a beta tester for the Five Page Business Plan.

Beta Testers must:

  • Live or work in the Yellowhead East region
  • Score 50 or more on the Entrepreneurial Aptitude Survey
  • Own a business or have a desire to start or expand your business in the next 6-12 months
  • Be willing to provide timely feedback on lessons and process
What's a beta tester?

A beta test is an external pilot test of a product or service. In a beta test, the product is released to selected customers for testing under normal, everyday conditions. This process helps spot the remaining flaws and identify areas needing improvement. The participants or selected customers are called beta testers.

In this case, you’ll be testing a new system for developing business plans that we’re hoping will simplify and streamline the process. It’s in the form of an online self study training course that walks participants through all the elements of developing a five page business plan.

 

How much does it cost?

Nothing. There is zero cost to you other than your time and your feedback.

Business planning is one of our core services and we never charge for help with business planning for any of the business owners or prospective business owners in the Yellowhead East.

 

How long will it take?

That depends on how much time you are able to devote to the plan. The program is currently formatted as an online self study workshop that can take one to five weeks to complete. Though it may take longer depending on your circumstances, part of the testing is to see how long it takes with real schedules and real business ideas. Both of the source training programs that these were derived from took five full (6-7 hour) days to cover the content, but this is unrealistic for most people. Which is one reason why we’re testing this style of delivery.

Other questions we’ll be asking include:

  • Can we maintain the quality and the flow of content without the live interaction?
  • Will the resulting business plans be sufficient for assessing a business for loan consideration?
  • Is the process easy to understand and navigate?
  • Do participants enjoy the process?
What kind of feedback will I need to give?

Each lesson will be followed by a brief survey – generally looking at whether it was easy to understand and easy to apply to your own five page business plan. At the end of the series, you’ll be asked to submit your business plan so we can score it for completeness and you’ll be invited to participate in an interview for your thoughts on the plan and the overall process.

More Questions?

If you have any more questions before signing up, please email me at pkorchinski@cfyellowheadeast.ca