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Business Plan Examples

How to Write a Perfect Business Plan

A business plan is the first step to building a successful business; no business should go without having one. In essence, it’s the road map of your business looking into the future. So how do you write a plan like this so that it gets you the funding that you deserve? Here’s a step-by-step guide on how to write the perfect business plan.

1. Organize Your Information

Organizing your information is vital because it’s the basis of every other step to writing the perfect business plan. This includes all the pertinent information about your company, products and services, customers, possible risks, market and competitors.

==> Download your business plan template now!

2. Compose an Executive Summary

The first part of your business plan needs to be the executive summary—that’s just how tradition dictates this plan. The executive summary will be relatively short—about two pages—and it should cover all of the elements of your business that your plan will outline.

3. Describe Your Business

This is the point at which you must literally spell out the whole purpose of your company. This is the ideal place to point out all of the skills both you and your management team possess.

4. Explain Your Product and/or Service

Here’s where you go into the specifics with regard to how you’re going to provide your customers with your product and/or service. You should also analyze all the expenses associated with this procedure, and you ought to list down all your supply sources.

5. Explain the Market You’re Entering

You should talk about any and all general trends in your industry. This should include some details on the market segment you’re after, the niche you’re after, and what type of customer you’re targeting.

6. Explain Your Marketing Plan

Here’s where you have to educate your readers on how you’ll generate sales through ads, public relations and promotions. One thing, though: Always take care to estimate all your costs very conservatively!

==> Download your business plan template now!

7. Talk About Your Revenue and Costs

No business plan will be complete without you highlighting both your revenue projections and your expenses. Take care to be very precise here, even if they’re just projections you’re working with. Your financial backers love hearing how much money you think you’re going to make!

Nobody will fund your business idea if you don’t have a business plan that is sound, makes sense and neatly outlines where you see your company in the future. Incorporate the above steps, and you’ll have a great business plan in no time.

Peter

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