It is impossible to create and promote a business without a detailed business plan. The business plan helps the business creator to correctly prioritize, assess the possible business efficiency, and establish the production process. In addition, a business plan is required to attract investors and obtain bank loans.
Instructions
Step 1
A detailed business plan should contain the following sections:
1. introduction (summary).
2. the essence of the business.
3. market conditions for this type of business.
4. the way of doing business.
5. the required amount of funding.
6. terms of project implementation and payback.
Depending on the specifics of the business, the business plan may include other information.
Step 2
A resume is the most important part of a business plan and is usually the most difficult to write. It is no secret that some investors only read summaries of business plans, and only look through the rest, and then in those cases when the resume seems interesting. It should be short, understandable, and include the conclusions from the following sections. The resume should show the effectiveness of your future business.
Step 3
The essence of business involves providing information about its goals and effectiveness. This section can be very detailed. Even the most seemingly insignificant goals should not be omitted.
Step 4
The section "market conditions" must be written after having carried out at least a small market research of the market for goods or services similar to yours. In this section, you need to answer the main question - how much demand will it be for your products (services)? After all, it is clear that you have competitors, and that there may be many similar goods (services) on the market.
Step 5
The section "way of doing business" involves a description of business processes. Also, here you need to indicate which of the key employees will be responsible for one or another aspect of the business, what tasks are assigned to them.
Step 6
In the "required amount of financing" section, you should list all the necessary costs and approximate amounts to cover them. Don't even miss out on the little things like buying office supplies. The investor must see where his funds will be distributed.
Step 7
How exactly the project will be implemented and pay off is the most important information for an investor. The main purpose of investing in a business is to make a profit, and the investor must firmly know in what time frame your business, for example, will establish production of products, start sales, move on to payback, and be able to return the invested funds. In this section, it is important not to underestimate the potential profit, but also not to exaggerate, since the investor may simply not believe in such numbers.
