You want every aspect of your business plan to impress (especially if you're using it to ask for money).
Over the next few weeks we’re going to teach you how to write the perfect business plan-discussing why you should have one, the different types of business plans you can develop, and what goes into each section.
Before we get into the how-to, let’s take a deeper look into what writing a plan will do for you.
The first clue comes right in the description of what a business plan is: a roadmap for your business that outlines your goals and spells out how you aim to achieve them.
In other words, it’s a guide for how to set up your business and run it on a daily basis to help you reach your long term goals.
Your purpose here is to show the reader of your business plan that you have a thorough knowledge of the people you are planning to sell your goods and/or services to - so thorough that you can make educated predictions about how much of your goods and/or services they might buy.
Formal Business Plan Example Gp Essay Questions On Poverty
An investigation of your direct and indirect competitors, with an assessment of their competitive advantage and an analysis of how you will overcome any entry barriers to your chosen market.
And as we said, it’s a worthwhile investment of time and effort even if you don’t need to present it to potential investors.
1) Focus – Writing a business plan will help you gather all of your ideas in one place, hone your message and crystallize your vision.
This is where you present the reader with your new business's Unique Selling Proposition, describe how you're going to get your goods and/or services to market and how you're going to persuade people to buy them.
An outline of your business's legal structure and management resources, including your internal management team, external management resources, and human resources needs.