Business Plan

  • 30 minutes
  • Project startin $110
  • Online

Service Description

What is a Business Plan? There is consensus over the concept of Business Plan representing a formal, written statement of the goals of a new venture, and an overview of the original strategy that will be followed to achieve them. If you got here, it is likely that you are looking to start your own business and one of your investors, or bank or accelerator program requested a business plan for your company... Worry not, you've come to the right place. How to write a Business Plan? Let's revisit the typical structure of a business plan: 1- Cover Page and Table of Contents Not a lot to add here. 2- Executive Summary The Executive Summary is usually a one-page summary of the contents of the business plan; some business plans only consist of this section. 3- Mission and Vision Statement A mission statement summarizes a company's purpose in one or two paragraphs: why it exists. It's usually made up of a general description of the organization, its function, and its objectives. The vision, on the other hand, talks about what the company aspires to be in the future. 4- Business Description A more detailed description of the company, what it will do and how will it make money. 5- SWOT analysis The Strength-Weaknesses-Opportunites-Threats summary is a famous exercise used in business to assess the state of the industry, the market, and the competitor environment. 6- Competitor Analysis Very much related to the SWOT Analysis, the competitor analysis should provide a more personal review of what the company is doing, their traction and state and how the company intends to differentiate. 7- Market Analysis A market analysis is a review of the state and maturity of the market the venture intends to attack, as well as an assessment of the market size or market potential. 8- Marketing Plan or Go-To-Market Plan Defining a marketing strategy early on is very hard, but it's important to note the first and second plans the company intends to experiment with. Summarize two or three core customer acquisition and growth strategies and a basic overview of how you plan to implement them. 9- Operations Plan The operations plan is mostly a summary of your plans for the company operation: How many offices will it have? How do you plan to hire? How will you expand the productivity? 10- Financial Plan The financial plan should be a detailed 12 month projection of the business cash flow, and a simpler 4-5 year projection.

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