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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.
It was an interesting article. Would appreciate if you could give some inputs on how one should structure a good Business Plan to be submitted to the company chairman who has selected someone from his organisation to start a new shipping company.
Free Member, Joined :07/24/2007
No of Topics Posted : 0
Reply/Comments : 1
Wonderful article.
Free Member, Joined :10/23/2008
No of Topics Posted : 1
Reply/Comments : 1
Hi,
Writing a business plan for small businesses requires you to focus on following points:
1. Industry Analysis
2. Marketing Plan
3. Marketing Strategy
4. Marketing Mix
5. Operational Plan and many other
It is essential to provide complete details and analysis of your business to make it attractive for financial institutions like banks for obtaining loans. In my opinion, best solution is to hire a professional or a service provider who can write a custom business plan, according to the needs and requirement of your business. A professional writer or a service provider is a better option then writing a plan on your own because they posses expertise in the field, takes less time, and are more productive then any other. One of few expert business plan service providers is iSource Biz, we cover all aspects of business such as Business Plan, Marketing Plan, Financial Plan, Business Reports, and Business Presentations as per your business needs.
Free Member, Joined :02/28/2009
No of Topics Posted : 0
Reply/Comments : 1
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