Maybe for many entrepreneurs, a business plan or commonly called the business plan is not an absolute requirement in running a successful business. However, if traced further role in the development of a business plan of a business turned out to be vital. A business plan is a crucial factor in the successful establishment of a business and is often regarded as an integral part of determining the feasibility of providing credit funds.
The business plan is usually in the form of a written document that clearly describe and analyze your business, and provide detailed information about the purpose of short-term and long-term strategies for achieving goals, and strengths and weaknesses of the company with respect to the targeted market. A business plan will ideally be able to provide better opportunities to help find potential investors and an effective guide that you can use to monitor the development of the business in the future. Here are six easy steps in preparing a good business plan for your business:
Step 1
Describe the products or services you offer. This section should be used to discuss with intensive product or service you are selling, and explain any advantages that can be obtained by consumers. In addition, specify how and where your product will be made. If you run a retail business, make sure that you provide the details regarding the business location and demographics of the region. In addition, you must include information about the competition you face, and mentioned also the obstacles and challenges that must be overcome before the product is capable of reaching the market.
Step 2
Your market analysis in this section. Include information on customer needs, how do you wish to reach the customer, how do you plan to advertise products or services you offer, and how much money you want to spend to confirm the large and growing market potential that you are working on. You must also include a detailed plan showing how you will distribute the goods to the consumer.
Step 3
Define your competition and explain the business benefits you have from competitors in the market niche targeted. This section is important for investors and you should use it as a means to highlight the power of your business and your competitors' weaknesses. However, it is also important to be realistic and honest with yourself and those who would be the source of your funds.
Step 4
Draw the structure, management and operational strategies of your company. Here, give an explanation of manufacturing, purchasing, staffing, and obtaining the necessary equipment and facilities for your business. You should include information on how you will build relationships with vendors and highlight the experience of your management team. Investors want to know whether your management team understands the market and products, and have the experience necessary to start and run a business well.
Step 5
Provide financial information is accurate and detailed for use by potential investors. You are required to provide prospective financial information (future) and historical (past). It also includes the financial statements and statements of cash each year for the effort you have to walk (typically three to five years) and you have to explain directly expectations and earnings are expected in the future. Assurance available should be listed because it can be a factor when you are trying to get funding.
Step 6
Create a persuasive executive summary. This could be added in the early part of the business plan, but it could be made at theend of writing a business plan. The executive summary should contain information about the company's history, outlines your objectives, descriptions of products or services, market information and estimated growth, a summary of your management team, and a strong statement about the strength of the business and why you want to succeed. This executive summary is a summary of the most of your business plan. The difference, it should be written in such a way that readers (investor) to read more to complete. Limit the executive summary into one or two pages.
3 Main Aspect For Build A Good Business Plan
Find a business idea is a gift that is not infinite, because in reality it is not easy to find a business idea. But if the idea of merely shadows, you still will not be able to make it happen in a real business.
The top employers that now his name appeared in various media businesses, often never think of the stages in the realization of ideas. Even many thought that if you want to entrepreneurship does not have to make all kinds of plans, it'll actually run aground in the middle of the street.
Perhaps many people making all sorts but only plans limited to the plan, so that its realization was a big zero. If this happens above assumption certainly be true. Though, in theory, any small business still requires planning to be able to realize the idea of a more mature business.
The purpose of creating a business plan is to ensure the proper course of business operations and give impetus to the plans of the department or division. It is also necessary to decide on the organization in achieving its goals as well as determine standards to determine business performance. What is important is to gain support from consumers, investors and even other parties.
In the perspective of Philip Kotler, at least there are some standard procedures in order to realize the true business idea in the form of a business plan for the realization of the business. Namely: idea generation, screening, development and testing of the concept, marketing strategy, business analysis, product development, market testing, and commercialization. In other words, a business plan to realize the idea has become very important in business. May be obtained very brilliant idea and incredible, but nonetheless must be assessed in different ways, especially the economical aspects, technical, and future.
Economical aspects
These aspects include market analysis, sales, production costs, and profit margin.Faktor is very important, because it affects the level of the decision to realize the idea into a real business. This aspect will examine the extent to which the level of profits, with the absorption of existing markets and the ability to have the capital to run the business operations. Although the extraordinary idea, but if the calculation losers, yes why? Therefore, you should understand well, how do you generate income, and how much it costs to be incurred.
Technical aspects
This aspect is very important to measure the ability to run the business well. Are the existing capital, has been able to produce goods or services that can be sold? how about the ability of human resources? if all the power that is able to provide better added value to the consumer compared with other similar businesses? A good business plan, will provide better opportunities, while minimizing the likelihood of business failure.
The future of business
This aspect will be studied more comprehensively about the future of your business. Do not be, we know that the business they work is a seasonal business, but the plan is implemented for permanent business. This of course will interfere with the technical aspects. Not to mention the expectations of consumers who will always be more advanced and up to date. Is it able to run the business that we will absorb the market like this? This is an important aspect that must be considered carefully and set forth in the business plan.
Again, you do not believe the suggestion saying "Forget the business plan, just run it," because you can kejeblos wilderness to business uncertainty. It's better if you test the feasibility of your business plan to people who are more successful and more experienced in business, and then you become successful.
Important key to business success is to understand and emulate the success of the business. Immerse yourself in books and magazines as well as business entrepreneurship. Look at how entrepreneurs work, pay attention to what they say, and imitate. No time to reinvent the wheel business
The top employers that now his name appeared in various media businesses, often never think of the stages in the realization of ideas. Even many thought that if you want to entrepreneurship does not have to make all kinds of plans, it'll actually run aground in the middle of the street.
Perhaps many people making all sorts but only plans limited to the plan, so that its realization was a big zero. If this happens above assumption certainly be true. Though, in theory, any small business still requires planning to be able to realize the idea of a more mature business.
The purpose of creating a business plan is to ensure the proper course of business operations and give impetus to the plans of the department or division. It is also necessary to decide on the organization in achieving its goals as well as determine standards to determine business performance. What is important is to gain support from consumers, investors and even other parties.
In the perspective of Philip Kotler, at least there are some standard procedures in order to realize the true business idea in the form of a business plan for the realization of the business. Namely: idea generation, screening, development and testing of the concept, marketing strategy, business analysis, product development, market testing, and commercialization. In other words, a business plan to realize the idea has become very important in business. May be obtained very brilliant idea and incredible, but nonetheless must be assessed in different ways, especially the economical aspects, technical, and future.
Economical aspects
These aspects include market analysis, sales, production costs, and profit margin.Faktor is very important, because it affects the level of the decision to realize the idea into a real business. This aspect will examine the extent to which the level of profits, with the absorption of existing markets and the ability to have the capital to run the business operations. Although the extraordinary idea, but if the calculation losers, yes why? Therefore, you should understand well, how do you generate income, and how much it costs to be incurred.
Technical aspects
This aspect is very important to measure the ability to run the business well. Are the existing capital, has been able to produce goods or services that can be sold? how about the ability of human resources? if all the power that is able to provide better added value to the consumer compared with other similar businesses? A good business plan, will provide better opportunities, while minimizing the likelihood of business failure.
The future of business
This aspect will be studied more comprehensively about the future of your business. Do not be, we know that the business they work is a seasonal business, but the plan is implemented for permanent business. This of course will interfere with the technical aspects. Not to mention the expectations of consumers who will always be more advanced and up to date. Is it able to run the business that we will absorb the market like this? This is an important aspect that must be considered carefully and set forth in the business plan.
Again, you do not believe the suggestion saying "Forget the business plan, just run it," because you can kejeblos wilderness to business uncertainty. It's better if you test the feasibility of your business plan to people who are more successful and more experienced in business, and then you become successful.
Important key to business success is to understand and emulate the success of the business. Immerse yourself in books and magazines as well as business entrepreneurship. Look at how entrepreneurs work, pay attention to what they say, and imitate. No time to reinvent the wheel business
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