"The hardest part about preparing a business plan is
getting everything set in your mind about what you're going to
do, then organizing and capturing it on paper," says Vic
Brounsuzian, 44, who, with his wife, Suzette, operates a small shop
in Streamwood, Illinois, selling dry-roasted nuts, seeds, fine
chocolates and other items.
"For me, a lot of time was spent jotting down notes
describing my business, what I needed to do to get started, and all
the supplies I would need," Vic explains. "Trying to come
up with all of the required financial information was the most
challenging aspect of the process."
For guidance, Vic turned to the Small Business
Administration's (SBA) Small Business Development Center
(SBDC). "The gentleman I was working with gave me plenty of
input, and I followed it to a `t.' I just kept rewriting until
I came up with a business plan that was satisfactory in the eyes of
the SBDC," Vic states.
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Vic says he is pleased with the accuracy of the projections
contained in his plan. "After my first quarter, I opened my
business plan and compared my projections with what actually
happened. I was very close to my projections. Even my accountant
was surprised."
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