How to write a business plan: 6 important points
His Work / / December 26, 2019
If you decide to open a business, can not do without a business plan. Here's what you need to pay special attention when it was created.
1. Overview
Before proceeding to the budget planning and sales strategies, you must first get a general idea about the future of the business. You have to analyze all the details and pitfalls, which is better to know in advance.
What will you do? What is your goal? Whether you need business partners? Will you need a special room or you will be work online? What do I need to do business?
In the beginning you may feel a bit confused. It's quite normal. Just grab a notebook and a pen, look for the right information and start to record everything you need.
2. Products and service
The business plan should include a description of the products or services that you are going to provide to its customers. A very effective method - is to categorize your products. For example, if you want to design their services to classify the following types: weddings, corporate parties, holidays and so on.
Make a brief description of each product or service. This will not only convenient for your customers, but also help you to clearly structure your business.
3. Price and marketing plan
Once you have categorized your products or services, you need to determine their value. What you will be guided by assigning a value for money? Find out what the average cost of your product and how much of it ready to give potential customers.
Next, you should decide what way you will attract customers. The marketing plan to include a detailed description of the strategies and tactics that you're going to stick with it.
Social network - one of the most profitable areas of modern business advertising. Also, you can advertise your product on Web sites and blogs.
4. Market analysis
Market analysis - is an essential component of the business plan. To attract the right customers, you must be aware of their interests and needs. Think about who will be your potential customers.
At what age and sex services are designed? What form of goods or services to them is preferable?
Collect in-depth information about your niche. Find out whether use popular services and products that you are going to offer. Try to determine in advance whether or not your business development prospects.
5. Competitive analysis
In business, on every corner lurk competitors. Therefore it is necessary to collect detailed information about them. Find out their strengths and weaknesses. What are their advantages? What they can offer to the client, which is not you? And what do you win?
Think about what is the essential difference between you and your competitors. Maybe your product is much better quality? Do you specialize in something exclusive and rare? You are more experienced? Determine how you can get around the rest.
6. Financial plan
This section includes all the issues of financial security of your business.
Calculate the amount that you needed in the initial and subsequent stages. Consider such fixed costs as the supply, procurement, salaries, contractors, services, taxes and so forth.
The financial plan must be indicated and the income derived from your business.
Try to find investors and to offer favorable conditions for both sides. Remember that in the notoriously unprofitable businesses will not invest. Therefore shall describe clearly what benefit will receive the investors.