In order to obtain a loan, it is often extremely important for entrepreneurs to demonstrate a business plan to a bank. Moreover, a skillfully and competently drawn up business plan, with a full understanding of the terminology used.
It is very important that the business plan is drawn up by the entrepreneurs themselves, otherwise credit managers will quickly discover that there is no contact with the material and send them to work on the project. That is, no one forbids buying business plans, good ones, with real data, charts, figures taken from research. But an entrepreneur must understand the business plan and be ready to clarify and respond to criticism.
The business plan must contain accurate, specific numbers and there must be an indication of their origin. This is especially important in relation to marketing research. If it is carried out, then it is necessary to indicate with the help of which tools, by which company, for example, which sample was used. A moment like this may not be very expensive if you start by doing outdoor surveys on your own, resorting to social media, groups, and so on. However, marketing research should confirm the demand for a new product, a new service format. Otherwise, the bank will see no reason for success, that is, for investing in it.
The thoughtfulness of the details is the next point. If we are talking about new equipment, then it would not hurt to think over the issue of both insurance and the issue of training personnel to handle it. And this is a waste. If it is planned to re-profile the enterprise, then it should be seen on what basis the conclusion was made about the advisability of such actions. A firm's success in one industry does not at all mean similar success in another. Especially if the staff is not familiar with it, the industry is far from the previous use of force. Therefore, before offering a business plan, you need to resolve the issue with its criticism.
