Writing a business plan is never
easy. For you to achieve a perfect business plan, you have to consider a lot of
things. But how do you really write a business plan? Well then, let me help you
make in writing your business plan by giving you some ideas that you might want
to consider for you to achieve your goals.
Rules in Writing Your Business
1. Make it short
Always remember that you have to
make your business plan in a concise but short manner. You would not want to
write a business plan that contains 20 or 30 pages, right? We are sure that no
one would want to read that. And also, always remember that your business plan
is your key to get your goal and to grow your business. Having a long business
plan can only be so much of a hassle and will never be read by anyone.
2. Know your target
You should always consider your
target people for your business. Always explain briefly your product and use
words that everyone can understand. Always make adjustments for you to get your
goal because if you know your target, then getting them will be easy for you.
3. Don’t get scared
Never get scared of other
business owners and entrepreneurs because believe me, they are not even expert
when it comes to business. If you know your business very well, then writing a
business plan will not be as tough as you might be thinking.
Things that Your Business Plan
1. Executive Summary
This part is very important
because it contains the overall description of your business. A summary of your
business in other words. You should be able to tell your reader what you want
on this part.
2. Opportunity and Market Analysis
This part should contain details
about your product that you are trying to sell. It should also contain your
target market. You should also know here
information about your competitors and your market.
Contains how you are going to
take those opportunities in action. Telling your readers what you can do for
you to take advantage of that opportunity.
4. People behind you
Always remember that those
investors you are trying to win are looking for someone that has a great team.
That’s why, on this part of your business plan, you should tell them about the
people behind you. It should also contain your legal structure, location, and
history if you have.
5. Financial Plan
Of course, every business should
have a financial plan, so must also indicate it there. Tell your target
investors what are your target money you will be needing for the coming years
and provide them with a sheet balance as well.
This part here is actually
optional but you might as well want to do include it. This part commonly
contains permits, resume, and other information.