A business planis an essential roadmap for business success. This living document
generally projects 3-5 years ahead and outlines the route a company
intends to take to grow revenues. A well-written business plan can
mean the difference between success and failure -- not only when it
comes to securing capital, but also as it relates to actually
running your company. The business plan provides a roadmap that
explains how the company will get from point A to point B.
Why to make a business plan
A business plan is a written document that describes your business.
It covers objectives, strategies, sales, marketing and financial
forecasts.A business plan helps you to:clarify your business
idea,spot potential problems,set out your goals and measure your
You’ll need a business plan if you want to secure investment or a
loan from a bank.It can also help to convince customers, suppliers
and potential employees to support you.
What to consider before making a business plan
1.How Long Should Your Plan Be?
2.When Should You Write It?
3.Who Needs A Business Plan?
4.Why Should You Write A Business Plan?
5.Determine Your Goals and Objectives
6.Outline Your Financing Needs
7.Plan What You'll Do With Your Plan
8.Don't Forget About Marketing
What procedures to follow in a business plan
1.Executive Summary: Within the overall outline of the business
plan, the executive summary will follow the title page. The summary
should tell the reader what you want. This is very important. All
too often, what the business owner desires is buried on page eight.
Clearly state what you're asking for in the summary.
2.Business Description: The business description usually begins
with a short description of the industry. When describing the
industry, discuss the present outlook as well as future
possibilities. You should also provide information on all the
various markets within the industry, including any new products or
developments that will benefit or adversely affect your business.
3.Market Strategies: Market strategies are the result of a
meticulous market analysis. A market analysis forces the
entrepreneur to become familiar with all aspects of the market so
that the target market can be defined and the company can be
positioned in order to garner its share of sales.
4.Competitive Analysis: The purpose of the competitive analysis is
to determine the strengths and weaknesses of the competitors within
your market, strategies that will provide you with a distinct
advantage, the barriers that can be developed in order to prevent
competition from entering your market, and any weaknesses that can
be exploited within the product development cycle.
5.Design & Development Plan: The purpose of the design and
development plan section is to provide investors with a description
of the product's design, chart its development within the context
of production, marketing and the company itself, and create a
development budget that will enable the company to reach its goals.
6.Operations & Management Plan: The operations and management
plan is designed to describe just how the business functions on a
continuing basis. The operations plan will highlight the logistics
of the organization such as the various responsibilities of the
management team, the tasks assigned to each division within the
company, and capital and expense requirements related to the
operations of the business.
7.Financial Factors: Financial data is always at the back of the
business plan, but that doesn't mean it's any less important than
up-front material such as the business concept and the management
Tannet Document Processing Service Center specializes in document
process outsourcing service including trade contracts, employment
agreements, business plan, investment portfolio, project
feasibility study, due diligence, L/C, L/G, and other related
documentation. Interpretation and translation services (including
legal translation) are also available.
If you have further queries, don’t hesitate to contact us anytime,
anywhere by simply visiting website www.ono-bbb.net, or calling
China hotline at 86-021-31397141, 86-