HOW TO WRITE A BUSINESS PLAN - GET FREE TEMPLATE SAMPLE

HOW TO WRITE A BUSINESS PLAN -  GET FREE TEMPLATE SAMPLE

HOW TO WRITE A BUSINESS PLAN -  GET FREE TEMPLATE SAMPLE - Business plan components, Users of business plan, Roles of business plan.  Have you decided to start a business because you now have a business idea? You want to get going and make money? You don’t want to waste any further time?

These are good and very important for your success, but there are a lot more to a business success than a good idea.

You need to think things through to maximise your chances of success. You need to ask yourself several questions, such as:
Am I the right person to run the business or do I need to hire an expert?

Will customers like my product?
What is the market like in terms of competition?
What is the nature of the industry I want to venture into? 
What are my opportunities in this industry? 
Are there environmental challenges – what are my weaknesses and threats ?

HOW TO WRITE A BUSINESS PLAN -  GET FREE TEMPLATE SAMPLE

HOW TO WRITE A BUSINESS PLAN -  GET FREE TEMPLATE SAMPLE

These questions will be answered by a well thought out business plan. It will then help you turn all these questions into business objectives and the idea into a business. It will need you to think through all the parts of your business to plan how everything will work. It will take a few weeks to write if you are going to do it properly. Some parts will be easier to complete than others.

Once you have arrived at a good business plan, it becomes your first working tool and road map, so you have to stick to it.

The best business plans are not the long and complex ones. Simple business plans stick to the fundamental and explain only the most important information – what you want to achieve, how you will get there and the things you need to do along the way.

It’s best to tackle a business plan in small chunks. The Prince’s Trust Business Plan Model can help. This is The Business Plan divided into sections to help you develop your business idea. 

READ ALSO: PALM OIL BUSINESS PLAN SIMPLIFIED

Therefore divide your business plan into sections like:

Title page - This single page tells what is inside the booklet you are holding.

Legal Notice - This gives statements as to the use and users  of the business plan, and                            disclaimers.

Executive Summary - This is always the last to be written because it is the summary of all                                 you have in the entire business plan. Remember to tell your                                               audience the reason for the business plan here. It could be for start-                                up, expansion or management working tool.

Company Profile - The company details of incorporation, activities so far and prospects                                 are stated here.

Management Team - List out your management team and their qualifications and relevant                                experiences. Add your organisational chart here.

SWOT Analysis: Define your strength, weakness, opportunities and threat here, and                                  explain how you plan to manage them.

HOW TO WRITE A BUSINESS PLAN -  GET FREE TEMPLATE SAMPLE

The Product - Tell your audience what products or services you offer or intend to offer.

Production Process - If you are in production, you have to explain your production                                            processes and tools involved here .

The Market - Define the market size, and its features. Here you have to bring your                                 competition and your competitive advantage. Tell your audience what                               market share your control or intend to control.

Marketing - You have to show how you will market your products and achieve the desire                        turnover.

READ ALSO: WRITING YOUR BUSINESS PLAN; GET STARTED

Pricing - Your pricing principles will be narrated here.

Financial projections - This is where you will do a lot of calculations and forecast. Here                                        you will present your purchase, sales, marketing, administrative                                        costs etc forecasts.

Financial Analysis - This is another calculation area. You will have to analyse your business                               performances here through your projected Income statement, Balance                               Sheet, Cash flow statement etc.

HOW TO WRITE A BUSINESS PLAN -  GET FREE TEMPLATE SAMPLE

Economic Viability - With all you have done above. Let your audience know whether this                                  business is viable or not. Be honest about it, because many readers                                    will understand the figures presented better even more than you do.

Conclusion and opinion - Now draw a conclusion and make your opinion known.

Congratulations. You are done. If you have difficulties contact us. We will help you free of charge.

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