DO YOU KNOW HOW TO WRITE BUSINESS PLAN?
Elements of a Business Plan
The business plan is the most essential document involved when starting, building and managing a successful business and it is an effective tool for raising the necessary capital as well as capturing the interest of investors. The business plan is the document that clearly and concisely defines the goals and objectives of a business, outlining the methods for achieving them. The business plan is also an excellent communication instrument for investors and suppliers interested in understanding the operations and goals of the business.
Many businesses fail due to the lack of planning and preparation. To help plan for a successful business venture, guidelines in this publication would help an operator better understand what information is needed in the business plan. The more complete and accurate the information, the more promptly institutions, banks, investors, and suppliers will be able to respond to requests for assistance. Generally, the operator himself would be responsible for preparing the business plan.
Business plan 1 (micro and small): · Personal data · Equipments owned and to be purchased · Work premises at the disposal of the operator · Yearly production or service plan · Yearly raw material requirement · Yearly sales plan · Other yearly operating expenses · Yearly profit and loss statement | · Business plan 2 (medium): o Ececutive summary o Sales and Marketing o Production o Organisation and Management o Financial plan |
The two business plan outlines below present all necessary chapters in detail, accompanied by a column with help functions including all necessary explanations.