Business planning helps you anticipate potential challenges and calculate the ROI threshold, determine the payback period, and view upcoming costs.
It is necessary
- - a computer;
- - notebook;
- - a pen;
- - calculator
Instructions
Step 1
The business plan allows you to determine the goals of the future business and its niche. Having compiled this important document, you will be able to identify the main direction of your activity and your target audience. A properly drawn up business plan reflects those responsible for the future business and outlines an action strategy.
Step 2
Typically, a business plan contains a list of the main goods or services that are planned to be provided to customers. Next, you should calculate the costs of their production, storage and distribution, as well as operating costs. This data is needed not only to plan the budget, but also then to calculate the payback period of the business.
Step 3
In accordance with the goals and objectives of the business, the composition of the company's employees is determined, which will need to be attracted to implement the plan. In parallel, determine the requirements for qualifications, experience, skills and abilities that you will present to future employees of the company. It is better to immediately determine the scope of their responsibilities and draw up job descriptions. Sketch the organizational structure of the enterprise.
Step 4
In a business plan, it is necessary to reflect not only the costs of producing a product, but also the price at which it should be sold. In calculating the cost, one should focus not only on costs, but also on the average market price of similar goods. For this, it is necessary to conduct marketing research in order to study the competitive environment. Plan the required activities and reflect their cost in the business plan.
Step 5
When drawing up a business plan, you should predict the future difficulties that you may encounter in the implementation of your plan. Set aside a certain amount for contingencies. You should also make a reserve in time, because due to unforeseen circumstances, the implementation of the business plan may be postponed.
Step 6
Supplement the document with a production plan, in which you need to take into account what material means of labor you will need. Think and reflect in the business plan where and at what cost you plan to purchase the necessary equipment and tools. Indicate the main characteristics of future products.
Step 7
Thus, a business plan is a document that reflects all the components of a business: financial and organizational. It also shows the risks of the future business, information on competitors, the specification of goods or services that are planned to be sold.
