A business plan has to be according to a standard business plan format. More ever it also gives a good impression on banks and investors as it looks totally professional. Venture capitalist wants to have a standard business plan format that is written in a perfect order.
The benefit of business plan outline
• It will enable you to keep on track• Will provide you the opportunity to get your business funded.
• By following the standard business plan there would be likely to have a minute chance
Following a standard business plan outline will keep you on track, and save you from botching your best chance at getting your business funded.
Get your plan organized
You must get your plan organized by putting the sections in order. A business plan is not supposed to be out of order otherwise it can’t be implemented and understood.Business plan outline:
1. Executive Summary
• It consists of 2 page usually.• Put the executive summary in the last.
• You will highlight the main points in business plan.
• Give the short details as what problems you are solving of your customers.
• What solutions you are offering.
• Highlight the financial forecast.
Executive summary is considered the main gate of business plan, so it will be the executive summary which will either impress your reader or will tick him off.
2. Products and Services
• Mention about your products and how it will benefit your customers.• Mention about how your services will fulfill the needs of your customers.
• Provide the detailed price list through tables.
3. Market Analysis Summary
Here your concern will be about your target market. You must know about your target market.• What kind of customers you are looking for
• Who is your target market
• Where your customers reside and what is the way to approach them
• How will you deliver your products to them
Besides that you must know about your competitors and how firm will you stand against them.
4. Strategy and Implementation Summary
This section is used as an outline of your marketing plan, so make it an outline of your marketing plan, sales plan further what other logistics are involved in running your business.• Describe about the technology you are intended to use
• Business location
• Describe about the facilities
• A roadmap
5. Company and Management Summary
Here you are supposed to describe about the organization of your business.• Designate the key members of your management team
• Provide the basic detail as how your company founded
• Add the detail about the experience of your managers.
• Attach a full-length resumes with the plan
6. Financial Plan
This section deals with your projected profit and loss and cash flow tables.• Provide a short explanation you are making with your projections.
• Add balance sheet and sales forecast.
• Business ratios
• Break-even analysis
You may also have to mention about the money you need to launch for the business. Edit Post
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Business