The business plan is the initial stage should be done by a prospective entrepreneur. We will discuss about things that should exist in a business plan.
According to the author's personal opinion, I strongly disagree when doing business one important thing is the run or just do it. But the road without a plan is unwise actions. Whether by making a business plan can guarantee a business will be successful? Of course, there is no certainty. So why do we have to make a business plan ? Some of the reasons why we need a business plan is:
A business plan
can be used as a blueprint for your business. Companies that will be
made to have any purpose (vision)? How do I achieve this goal? Who are
the members of the team involved? When to start a business can meet its
objectives?
Here are 8 things the importance of a business plan :
.
There are many versions that explains about the business and the business plan. One is the opinion of an expert Garret Sutton in business law and author of The ABC's of Writing Winning Business Plan, noted that "Business is a plan, not a product or procedure." Business planning has to answer three important questions for investors or creditors:
Definition of a Business Plan
The business plan is a formal statement and written regarding the objectives of a business and how to achieve that goal. In fact, many
people fail to make a business plan when going to do
business. Some people believe that is important from a business is run
alone. Do you agree with this statement?
According to the author's personal opinion, I strongly disagree when doing business one important thing is the run or just do it. But the road without a plan is unwise actions. Whether by making a business plan can guarantee a business will be successful? Of course, there is no certainty. So why do we have to make a business plan ? Some of the reasons why we need a business plan is:
Make a Blue Print Business Plan
Here are 8 things the importance of a business plan :
- The clarity of what will be done.
- Getting to know the structure and strategy of the company.
- Get a detailed explanation of the market.
- Knowing how to market a business.
- Digging initial idea or thought.
- Testing business calculations.
- Sharpen the operational system.
- Getting to know the competitors
Sources of funding from third parties
Sources of funding from third parties such as banking, investor or venture capital require a written document to find businesses that will be created. Therefore, the first challenge a prospective entrepreneur is creating a business plan that sells..
There are many versions that explains about the business and the business plan. One is the opinion of an expert Garret Sutton in business law and author of The ABC's of Writing Winning Business Plan, noted that "Business is a plan, not a product or procedure." Business planning has to answer three important questions for investors or creditors:
- If I can make money by investing in this business?
- This question would like trying to convince the investor or creditor regarding the risks and returns, if they invest in our business.
- Do I like and understand where I invest in this business?
- Do I trust the people with whom I invest?
Communicating with the whole Own Shares
It could be in a business that we make, involving several parties, ie there are several business associates. Therefore, a business plan can be used to provide the same perception about the business.
Basics of Business Plan
What should be written or should exist in a business plan . Here's Writer will include some things that should be there. A detailed explanation of each section will be discussed in the next article.
Executive Summary
Executive Summary talk about what business will be created, the vision and mission, business goals. The simple part is the conclusion part of a business plan . One trick of creating a business plan selling is selling for an executive summary.Company background
The background of the company told me to know the data of the company, the people behind the business, organizational structure, consultant or expert who accompanies, the composition of shareholders (applies if the business is incorporated limited liability company).Market Analysis and Marketing
Market analysis and marketing strategies we talked about marketing the product. In a follow-up usually people use marketing plans (marketing plan) to explain detill or marketing strategy.
Production analysis
The analysis describes the production system to our business operations. For example business we are kind of production or manufacturing, note how the process of acceptance of orders, production, distribution of goods and billing. If business is business services We, we must clearly identify how we distribute services to buyers.Analysis of Human Resources
Analysis of human resources tell people of competence needed, the number of people required. Human resource development plan. For some prospective entrepreneurs of this section is usually taken for granted, but this is what one of the pacesetters in the business.