Business Plan - An aspiring Entrepreneurs guide from Epiphany to Realization

You have an epiphany - an idea that will change the world.  Now, how do you convert that epiphany into a road map that will transform your idea into a "monetizable", realized and tangible product / service?  This is where a business plan comes in!
 

Remember - According to Forbes:

An epiphany has no age limit - so Dream! 

A good business plan is multidimensional, for viability though, it needs to start with value proposition:

1. Value: What is the void that your idea fulfills?
2. Differentiator: How will it fulfill it?

Action: Perform a SWOT 

Next, define your market size and segments:

1. Segments: Who in the market place are you targeting?
2. Market size: What is the size of the target segment in the place?

Action: Perform a Five Forces Analysis 

You have to spend money to make money:

1. Startup Capital: How much “Angel” investing will get you off the ground.
2. Projections: Create projections to ensure sustainability.

Action: Create a P&L (profit and loss) sheet.

Once you have above in place, use a business model canvas, to create a one page succinct business model view. If you have more revenue vs cost, get moving on this idea ASAP. First mover advantage will not last for ever. 

A business plan does not guarantee success, but it’s a starting point that allows you to validate your idea. As your idea grows into a viable business, your business plan will convert to a strategy plan. Lastly, “Failure” is not the end of world – You have just figured out what “not to do”!