Creating a Business Plan

Well I blogged recently about the scene from the series of Silicon Valley, where the main character is asked to make a business plan for his start up company and he ends up reading what to do on Wikipedia. And basically looking like this-

 So now I know that I will not be in his shoes if that happens to me.
Recently I attended a seminar on how to make a business plan. I figured that one day I might want to open my own animation studio, so there is no harm in looking into how and where to start.
What I learned from it is basically what you should do if you want to start a business and what a business plan looks like. Basically it has to have the concept and idea of the company, where you want to go with that, a clear vision for it, what products you might make, a marketing strategy with research into the demographic of potential consumers or clients-

Also it has to have a budget plan, for instance how much money do you need to start, where are you going to get it from, how much time will it take to turn in profit. It is very normal to have another job if you are trying to start a company, because you need income from somewhere and most businesses don't turn in profit for the first 5 years. Basically you need to consider everything when you are making a business plan, if you don't, you wont get serious investors and you wont really get anywhere. But its not like you make the plan ant thats it, the plan is basically a guideline and it is really handy, but it is good to mend and adjust it once in while. for instance you set out your short term and long term goals, if you see that they are not achievable you might want to lower the bar a bit, or maybe the business pivot into something else, like Instagram.
Also I learned that when you own your own business its best to declare that you get a minimum salary and pay the rest out in dividends. The lady that was delivering the lecture stressed it that if you don't understand something, delegate it to others. Its better to just hire a good accountant, because it will save you a lot more money in the first place, where as you trying to do it yourself and ending up making expensive mistakes. So it is important to learn how to delegate work to others, because it just makes your life so much easier.
Also, do not be afraid to make mistakes. Even if your first company shuts down,  you learn something from it and you apply it to the next one.
So in general, it was a very beneficial lecture and it really made me think about my future in this profession that I have chosen.