Many who decide to start their own business, ask the question: "How to draw up a business plan?" This stage of the formation of a new project performs three main tasks:
- Designation for general goals managers.
- Clearly stated thoughts in writing help to consider in detail all the nuances and reflect on the implementation of the plan.
- This work will help you in the future to attract investors who often quickly, without going into details, consider proposed projects.
In other words, this is a great opportunity to "rehearse" your own business and realize the probable difficulties, while not losing anything financially . In this article we will tell you how to draw up a business plan. An example will be described below. But first, let's get acquainted with the general rules.
One of the recommendations on how to draw up a business plan correctly is as follows: "From the first lines of the text you must convey the whole essence of the project." It is important for you to convey to investors what are the
competitive advantages of the proposed business and how you are going to achieve success. Be sure to indicate what the value of your project is, why the consumer will be interested in a product or service and how much will be needed to start your business. Be sure to describe what are the growth prospects and all possible risks, how you plan to deal with them. Another thing to consider in the question of how to draw up a business plan is profit. In other words, when and to what extent your project will begin to generate income. Therefore, it is necessary to include a section on financial performance or forecast.
So, now we’ll take a closer look at how to draw up a business plan. A sample for this document is not written in a standard way. Everything is very individual here. But the general requirements for how to draw up a business plan are given below.
- Content and title page, which indicates the details of the company, contacts of all founders and table of contents. The total volume of the document should not be more than forty pages with all attachments.
- Introduction In this paragraph, describe the most important thing, the essence of your business, highlight the main points and value of this project. It is better to start writing this paragraph at the end.
- Market research. Key questions should be answered in this part. What are the volumes of the market? How fast is it developing? What are the growth prospects and possible threats? How will you eliminate them?
- Market Review. Analyze information about competitors or companies with a similar product (service). Carefully study and describe in detail who they are, what their market share is, why customers give preference to them, etc.
- Command.
- Business model. This paragraph describes all sources of income, cost structure, as well as suppliers and buyers. This section is perhaps one of the most important and is of great importance in the question of how to draw up a business plan.
- Financial forecasts and indicators.
- A description of all the possible risks and how you will solve the problems that arise.
- Sources of financial receipts and their distribution. This item is very important for potential investors.
- Applications to which you attach all the necessary and important documents.