Business
A brief introduction to business planning, process and outline of a business plan. For any queries please feel free to visit one of my ventures at http://www.bplanexperts.com.
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Today we are going to talk about business planning.
- What is a business plan?
- Why do you need a business plan?
- What are the uses of a business plan?
- How do you write a business plan?
- Process of business planning?
- Sections of a business plan
- Sample business plan
- Business plan outline
What is a business plan?
A business plan is a roadmap for your business implementation.
It outlines your vision, goals and showcases the plan of achieving them.
Why do you need a business plan?
- Analyze the feasibility of your Idea: Helps You Decide to Proceed or Stop
- Planning Improves Your Odds of Success
- Valuable Insights: Helps you improve Your Business
- Helps You Keep on Track
- Communicate your idea
So what are the uses of a business plan?
- Raising Funds
- Communication to stakeholders
- Project Roadmap for structured implementation
So how do create a business plan? What is the process?
- IDEATION & FEASIBILITY - Basic documentation of the idea. Understanding the conceptual feasibility.
- MARKET ANALYSIS - Economic, Industry, Competitor analysis. Understand the opportunity.
- STRATEGY FORMULATION - Draw out the marketing, operation, human resource strategy for your venture.
- FINANCIAL PROJECTIONS - Forecast your costs and sales over the timeline. Understand the start-up expenses.
So what does a typical business plan looks like?
- Executive Summary
- Company Overview
- Products & Services
- Business Model
- Strategies & Tactics
- Milestones
- Startup Expenses
- Financial Statements
- Financial Statements
- Return On Investment
If you need any help with preparing a business plan or an investor deck. You can visit one of my ventures at http://wwwBPlanExperts.com
#businessplanning #startups #entrepreneurship