How to make a business plan for ?This question is very often asked by most people who have decided to open or have already opened their business!
Everyone knows that a correctly written business plan is the key to the successful development of any enterprise.
The completed business plan should describe your expectations from the new( or currently available) business and talk about your wonderful ideas to the prospective lender.
The business plan is a kind of document, after compilation of which all issues related to business should be solved without additional explanations.
A business plan is a working document that can be reviewed and edited along with changes to current plans and strategies.
I bring to your attention 10 useful tips for the correct drawing up of the business plan !
1) How to make a business plan? Initially, make a description( summary) of the project.
It is the first aspect of your business plan, although it is necessary to make it last.
It should explain your strategy and vision of the project( what do you expect to do), outline the market and the capital that you need( what do you expect to do with it) and your advantage over competitors.
Abbreviated - this is a mini business plan, allowing after familiarizing with him to explain to any person about what your business is.
2) In order to draw up a business plan - specify the name of the company.
The name of the enterprise, the relevant license, the form of ownership, the legal structure, the short description of the product or service and what you plan to do( provide services, retail, wholesale or production) should be indicated.
Indicate the address of the company, the required area, landlords.
Indicate whether your business is new or whether it is an extension or purchase of a ready-made business.
It is necessary to describe the goals and objectives of the company and any planned changes.
3) How to make a business plan? Analyze your market.
Outline your implementation market, segments and consumers for each of the segments.
Indicate the scope of the market, translating it into profit for three years, and analyze the growth or decline in your income as the market grows.
What value do you want to get for services and products in order to achieve profit and become competitive?
Explain why buyers will agree to pay the price indicated by you.
How to attract customers?
4) To create a business plan - tell us about products and services.
Tell us about your offers regarding services and products, about which consumers they are designed for, what the customer will benefit from.
Justify what your products are or what you offer, better than the products of your competitors.
Also tell us how you search for products, and if you expect to manufacture something, then raw materials.
5) How to make a business plan? Outline your business strategy and its implementation.
Show how you intend to occupy your niche in the existing market.
Will you use advertising or visit trade shows?
6) How to make a business plan? Do not forget about the competition.
Name about five of your main competitors, explain why the products / services you provide are better than others.
Do they have a stable market? Is it developing or falling? For what reason?
Highlight their strong and weak points, how do you intend to act?
How will you monitor the activities of competitors in the future.
7) How to make a business plan? Characteristics of your production.
Indicate how the production and delivery of goods and services will be carried out, what your financial policy is and how you are going to receive debts from your debtors.
Also indicate how many employees you need, what professional skills they should possess, whether you will teach them.
It is necessary to clarify what equipment and related technology you need.
Remember, did you consider the legal and licensing issues related to future business.
8) How to make a business plan? Describe the organization of the workflow.
Who will manage the company?
Include a summary of key managers.
Add a description of the job descriptions of all key specialists and a list of relevant consultants.
Calculate the estimated costs of financing.
Be sure to see what kind of business plan Amway has developed!
Learn, my dear, how to work!🙂
9) How to make a business plan? Do a financial calculation.
Calculate the costs associated with the creation and lease of the company.
If this is a ready-made business, tell the financial history or the expected financial indicators within 3 years after starting the business.
Indicate the monthly income and losses for the first year and quarterly calculations for two years in advance.
Also calculate the cash flow and current accounting statements.
10) How to make a business plan? Have on hand the accompanying documents.
The business plan must contain summaries, job descriptions, letters of recommendation, records, credit histories, written obligations, lease agreements, other documents, market statistics, etc.