In a small business, a well defined business plan is most useful as it helps you to focus your efforts and get an overall picture of what you have to do to for the improvement of your enterprise. And when it is about taking loans from a bank or making people invest in your business, the need for a business plan becomes an absolute must. But how to write it down? The best way is to compose it like an informative news article. Explain 'who', 'what', 'when', 'why' and 'how' to write a concise and simple business plan.

Who are you? What about your company?
Write about yourself, your background and experience. Tell about your partners and staff. Try to explain what you want to achieve. If your company has been in existence for some time now, mention the its accomplishments and track record.

What products or services you are offering?
Mention clearly what are the products and services you are going provide to your clients. Also mention what your are going to offer in near future and what is the expected range of revenue once the products are launched.

What are the steps you going to take to make thing happen?
If you are going to start up a new business, explain the things you have to do and your are going to do to set it up. What are the steps you are thinking about and how much time you would take to make your business fully operational. If you already have an existing business, what are your future target. Explain all these things and present a clear idea before your clients would be investors.

Where your business is located?
Whether you work from home or have your own business premise, state it in your business plan. If you have a factory, mention its address. Also give a description of the facilities, size and capacity your factory is equipped with.

Why you are in the business? What is your edge?

Explain clearly in your business plan the requirements of the products and services your are going to offer. Try to prove that you are different from your competitors in the market and mention clear points how you are different. Remember that investors would show interest in your business only after being confirmed that you have the ability pay back the loaned amount.

Mr. Rakesh Joshi

Joshi Enterprise

Manager, Joshi Enterprise
Dispur, India

Free Member, Joined :02/02/2007
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