How to prepare business plan?

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“ Success starts from a good business plan”

A good business plan guides you through each stage of starting and managing your business.

We’ll show you how to quickly and easily write a simple business plan by following steps.

1. Executive Summary

• You need to describe your business, introduction to your business plan. • It will include your company’s mission statement and provide readers with an overview of your products or services, target market, goals and objectives. • It you need more funding, you should highlight industry analysis, major achievement, contracts, current or potential clients and summarize future plans.

2.Company overview

• You need to provide the details of your company specifically. • Make a list of consumers, organizations or businesses which will be served by your company.

3.Products and Services

• Explain your company’s services or products • Target customers , target audiences and • The benefits by buying your products • If there are any plans to increase the product, it must be stated.

4. Market Analysis

• You need to find out about the target market for your business. • Other businesses in the market and their competitive advantages should also be explored. • You also need to learn to keep up with the latest trends and themes in the current market.

5. Marketing Plan

Once you have explained your target audience and market research, you need to outline your marketing plan. Make sure you have a comprehensive marketing and sales strategy.

6. Financial plan

• If your business is already established, you will need to file income tax returns for the last three to five years including balances and cash flow statements. • If you have another guarantee that you can apply for a loan, you must submit it. • Potential financial outlook for the next five years must be estimated. • The outlook must include income statements, balances, cash flow and capital expenditure budgets. • For the first year, be more specific and use quarterly or monthly plans • Your coming projects are also needed to be clearly presented. • If your business is start-up, explain how much money you need to start and maintain your small business. • Provide an itemized summary of how start-up capital will be used. • Give a timeline for your funding request.

7. Appendix • Potential investors might want to see your information before making decisions. • Information may be evidence that you highlighted in your business plan. • This should include financial statements, permits, licenses patents, other official documents, contracts, bios/resumes for key personnel. • You should also include risk factors that may effect your venture and mitigation plans. • This also indicates to the reader how well prepared you are for contingencies.

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