A good business plan isn’t about the formatting, length, or using big, fancy words. While those things can add to your plan’s professionalism, what matters above all else is the quality of your strategies.
If you are a first-time entrepreneur, it can be difficult to gauge the quality of your strategies because everything is new and confusing. Even experienced entrepreneurs can make mistakes. Everyone has blind spots and no one knows everything. Once you put aside your ego and embrace the idea that no matter how good your plan might be, it can always be improved, it will be easier to seek additional help to ensure that the strategies in your business plan are the best they can be.
If you are a first-time entrepreneur, it is wise to consult with someone who has the experience and a proven track record in your industry. I am not suggesting that I should be your mentor since mentors should be experienced in the type of business you are starting.
Seeking mentorship or help is not a sign of weakness. It is a sign of wisdom and humility. No one should do this alone. Someone with experience can easily spot a blunder that may waste a lot of time and money if it isn’t caught early.
When I look back at my entrepreneurship journey, some of my biggest mistakes could have been prevented if an experienced mentor steered me toward a better direction before I embarked on making big errors.