Preparing the business plan is the essential first step to your new business. It should be: concise, emotional, logical, factual, and realistic. The plan you write needs to be so relevant and useful that it becomes part of your business management. Here are ten things every business plan should contain:
Vision – What makes this business opportunity so exciting to you, your potential customers, suppliers, and investors? Keep your mind focused on the end goal.
Background – What has happened in the world for you to think this venture is the right thing to do right now? Relate to it.
Goals – Success will look like this: turnover, profit, customer numbers.
People – Who is in your team and how do they add value to their job?
Products – What are you going to sell and how will your products/services evolve to changes in the market and adapt to feedback?
Competition – How will you be different from others? Discover how you’ll stand out from the crowd. The differences are crucially important.
Marketing – How will you purvey the benefits of what you offer to your target market?
Funding – How will it all be paid for? Are you relying on investors? How much do you need off them and what can they expect in return?
Measurement – Measure your performance. Figure out and kinks and issues and the best way to resolve them.
Jumping Ship – Never plan for failure, but keep an exit strategy just in case. Also keep in mind the end of your business’ life cycle, what will you do with it then?
Comments