How to make your business plan
Video: How To Write a Business Plan To Start Your Own Business 2024, July
Any project needs to be planned. Attraction of funds, sometimes considerable, requires careful and phased distribution. Any stage of the business is accompanied by a comparison of the desired and achieved results, decision-making on further development. A concise algorithm will help you create your business plan, reflecting all the details.
Instruction manual
1
Identify the idea and the reasons for its success. Starting your own business, you choose an activity in the implementation of which you plan to achieve success. Describe in detail what you are going to do, give a reasonable justification for your choice, list the reasons.
2
Define your customer. Describe potential buyers - their number, age, profession, gender. List the possible benefits of acquiring your product or service, what expectations the buyer has, what amount he is willing to pay, etc. To do this, you will have to conduct a small marketing research - all the data should be close to reality, try to reason objectively.
3
Evaluate the activities of competitors. Examine all competitive advantages, analyze the state of the market, the ratio of supply and demand, try to predict the actions of existing players when entering the market.
4
Describe all stages of market promotion. Start by resolving the issue of advertising - do you plan to communicate about yourself, when, and in what way. Think over pricing policy, methods of attracting customers, improving your product or service.
5
Designate the stages of your activity. Make a list of activities that you need to carry out, indicating the approximate amount of expenses. Reflect all stages - rental of premises, expenses for its maintenance, purchase of goods, hiring workers and monthly salary payments, settlements with suppliers, etc.
6
Make a plan of expenses and income. List all articles of expenditure and receipt of funds on certain dates of one month (after 5 or 10 days). Consider not only profit from future activities, but also possible options for investing and attracting additional funds. Combine the two plans into a common outcome document and evaluate the prospects.
7
Rate your business plan. Any aspiring entrepreneur can create a business plan and evaluate it using analysis tools. Learn the basics of evaluating business performance and go all the way yourself.
