Thursday, February 21, 2019

How to write a business plan?


If you are confused about how to start to write a business plan then follow the simple steps we have written for you.

Short rules for writing business plan

1.     Keep it short.

2.     Know your audience.

3.     Don’t be intimidated.




Things that needed to be included in business plan

1.     Executive summary

2.     Opportunity

3.     Execution

4.     Team and company

5.     Financial plan

6.     Appendix

Expansion of the topics to be included while writing business plan. If you write based on the following topics it will be easier to follow and create business plan easily.

1.     Introduction

2.     Initial cost / Setup cost

a.     Capital Investment

b.     Personnel Expenses

c.      Administrative Expenses

d.     Marketing, Sales & Distribution

3.     Location Plan

a.     Population Basis

b.     Identification of Location

c.      Traffic Pattern

d.     Employee

e.     Competition

4.     Financial Plan

a.     Cost Assumption

b.     Revenue Assumption

c.      Profit and loss Analysis

5.     Break-even point (BEP) Analysis

6.     Marketing Plan

a.     Target Market

b.     Market Segmentation

                                                              i.      Geographic Segmentation

                                                            ii.      Demographic Segmentation

                                                          iii.      Behavioral Segmentation

c.      Pricing Strategy

d.     Media Plan

e.     Differentiation

f.       SWOT Analysis

                                                              i.      Strength

                                                            ii.      Weakness

                                                          iii.      Opportunities

                                                         iv.      Threats

7.     Deployment Plan

8.     Production Plan/ Work Flow

9.     Summary

10.                        Appendix