How to create a plan?
Drawing up a business plan is an important step before starting a business. Why is it necessary?
- You will be able to understand the industry in which you intend to grow, to get the most complete picture of it.
- Having a competent plan will not let you get confused. A new business entails a lot of activities, it requires the need to commit hundreds of actions, therefore, it is much easier to go for a step-by-step business plan. This is especially true of those who still do not have experience in entrepreneurship.
- Also, a business plan must be submitted to investors to receive start-up capital. With him, they will be able to see where the money goes and what the expected result is.
Be sure to make a business plan yourself, this applies primarily to business newcomers. This is an invaluable experience that allows you to understand your niche in as much detail as possible.
Writing a business plan: step by step instructions
- The beginning of the business plan will put, of course, the name - if possible, a short, capacious, associated with your activity.
- Next, write down the idea of your project. It is important to make it available without stretching - so that investors understand the essence.
- Then comes a detailed description of the idea. Tell us what you are going to produce, to whom this product is directed, about the market opportunities in relation to it, about the volume of goods or services produced. As an example, read the description of the project of opening a children's center in our article How to open a children's center.
- List and describe the project participants, their achievements, skills, why they joined the team of founders and managers.
- Provide a list of works to be conducted, their cost.
- Describe the project financing schemes. Specify the sources of investment, the possibility of investing in parts.
- Describe the phased development of the project, income from each stage. Indicate the state of your business at the moment. If you already have some ideas, do not forget to describe them.
- Indicate with which companies there are agreements, what support is provided, how the project interacts with local authorities, the public, whether participation in government programs is expected or not.
- Indicate financial expectations - payback, annual net profit.
- Assess the risks - they will be individual for each case.
- Attach additional documents - environmental impact of the project, equipment specifications, copies of rental agreements, etc.
You can take any ready-made business plan as a model, but make your own, focusing primarily on yourself and your own company - all individually in each case. Remember, to create a successful business, you must be able to manage your time.