Before starting any business, you need to create a business plan. This is a map of your further path, describing all the stages of business development. In addition, this document is required in some cases to obtain financial support for your activities.
Instructions
Step 1
Collect all information about your business. Include information about the organization, the product or service offered, the customers, the market, major competitors, and potential risks.
Step 2
Write your resume. Indicate in it information about your education, work experience, basic skills. This will help coordinate future activities in line with this data. The resume should be at the beginning of the business plan.
Step 3
Describe your organization. Explain the goals of the planned business. Indicate if you have experience in this type of activity. Think about which of your skills will be needed to achieve your goal. It is better to describe the main actions in the form of tasks and choose the most optimal methods for their implementation.
Step 4
Describe your product or service. Explain why it will be in demand for society. Analyze all the planned expenses. List the main sources of funding.
Step 5
Imagine the market segment in which your product is concentrated. Describe its general tendencies. Include information about your target customers, provide their demographics and consumer interests.
Step 6
Create a marketing plan. Explain how you will drive sales through advertising and public relations. Calculate the total of all costs. Write your annual income and expense forecast.
