If you are going to open a company, then you cannot do without a business plan. There is no need to be intimidated by these words. A business plan does not mean scheduling every penny on a complex form, but simply a strategy for the development of your business idea. It will be much easier for you to plan and run your own business if you have a well-designed and well-thought-out business plan. You may also need it if you apply for a loan from a bank or from investors.
Instructions
Step 1
First you need to decide what a business plan is. It is a management plan for a firm that takes into account development strategy, profitable production of quality products or services, and marketing options. UNIDO (United Nations Industrial Development Organization) is an organization that develops a strategy for the development of the economy, has compiled a list of sections that should be in a good business plan. It is best to be guided by them.
Step 2
An overview section of a business plan, or summary
Describe the main occupation of the company, the essence of its activities. It is in the overview section that the basis of the business plan is laid out, and the rest of its parts only confirm and prove its profitability. This is where investors and bankers start looking at the entire plan, so it can be said to be the most effective part of the plan.
Step 3
Description
At this point, give a description of the enterprise that you have or plan to open. Describe the goals and development strategy of the company, economic and financial indicators, the management system of the company, partner network, geographical coverage, a brief description of the industry and the niche the company occupies in it. Innovations and technologies, if they are used, also be sure to indicate. This section usually includes a list of owners and the organizational form of the company.
Step 4
Characterization of products or services
Indicate not only what the firm does, but also evaluate the advantages and competitiveness of it, pricing, environmental friendliness, quality control. Sometimes a copy of the manufactured product is included.
Step 5
Market analysis
In this document include market research, ideas for attracting buyers and customers, a short list of competitors, and a comparison of their products and your firm. Often this document overlaps with the Sales Plan, which includes all sorts of points that affect pricing, implementation paths and its seasonal fluctuations.
Step 6
Production development plan
It includes a description of the production process, costs of its maintenance and personnel.
Step 7
Financial plan
Its availability is especially important if you need investors or a loan. This includes the calculation of the initially spent funds, profits and taxes, some forecasts of the financial situation at the enterprise in the near future. Roughly speaking, you need to analyze the reporting of receipts and expenditures. Indicate the payback time of the project and profitability indices here.
Step 8
Assessment of sensitivity to financial fluctuations
This refers to the calculation of how the existence of the company will be affected by inflation or non-compliance with the terms of customer payments, other changed economic factors.
Step 9
All the necessary information that you consider necessary to enter in the business plan, but which does not fit the indicated categories, include in the Appendices. Also, this section, as a rule, includes all calculations and tables, while in the business plan itself there are only their estimated totals.
