Writing a Successful Business Plan
You have set-up the structure of your business and completed your industry research, so what’s next?
It is time to sit down with the business plan writer and discuss what you want from them in terms of structure, goals and outcomes and results. Your business plan is a snapshot of your business, but it can also be a powerful tool for getting funding. It needs to include all the necessary information about what you do and how much money you need from potential investors or banks in order to get started.
So what should a comprehensive business plan look like?
- Business Details
- Executive Summary
- Business Overview
- Vision Statement
- Mission Statement
- Core Values
- Management & Experience
- Structure & Staff
- SWOT Analysis
- Competitor Analysis
- Strategic Objectives
- Marketing Strategy
- Legal Requirements
- Market Analysis
- Industry Analysis
- Risk Management Table
- Financial Considerations
- Start-Up Costs
- Cashflow Forecast
- Profit & Loss Forecast
- Conclusions
Now you developed your business plan, it is time implement it for the purpose it was created.
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