How to draw up a business plan for a company

If you are going to open a company, then you cannot do without a business plan. No need to be afraid of these words. A business plan does not mean scribbling a penny on a complex form, but simply a strategy for developing your business idea. It will be much easier for you to plan and conduct your own business if you have a well-designed and thought out business plan. It may also be needed if you are applying for a loan from a bank or from investors.

Instruction manual

1

First you need to decide what a business plan is. This is a company management plan that takes into account the development strategy, profitable production of quality products or services, as well as sales options. UNIDO (United Nations Industrial Development Organization) is an organization that is developing a strategy for economic development, has compiled a list of sections that should be in a good business plan. It is best guided by them.

2

Overview section of a business plan, or resume

Here describe the main occupation of the company, the essence of its activities. It is in the overview section that the basis of the business plan is stated, and the rest of its parts only confirm and prove its profitability. It begins with the viewing of the entire plan by investors and bankers, so we can say that this is the most effective part of the plan.

3

Company Description

In this paragraph, give a description of the company that you have or plan to open. Describe the goals and development strategy of the company, economic and financial indicators, the company management system, affiliate network, geographical coverage, a brief description of the industry and the niche that the company occupies in it. Innovations and technologies, if used, also be sure to indicate. This section usually includes a list of owners and company form.

4

Characteristics of products or services

Indicate not only what the company does, but also evaluate the advantages and competitiveness of this, pricing, environmental friendliness, quality control. Sometimes enclose a copy of the manufactured product.

5

Market analysis

This document includes marketing research, ideas for attracting customers and customers, a short list of competitors, a comparison of their products and your company. Often this document intersects with the Sales Plan, which includes all sorts of points that affect pricing, ways of implementation and its seasonal fluctuations.

6

Production Development Plan

It includes a description of the production process, the costs of its maintenance and staff.

7

Financial plan

Its availability is especially important if you need investors or a loan. This includes the calculation of the originally spent funds, profits and taxes, some forecasts of the financial situation at the enterprise in the near future. Roughly speaking, you need to analyze income and expense reporting. Here, specify the payback time of the project and profitability indices.

8

Sensitivity to financial fluctuations

This refers to the calculation of how the existence of the company will be affected by inflation or non-compliance with the terms of payment by customers, other changing economic factors.

9

All the necessary information that you consider necessary to be included in the business plan, but which does not fit the indicated categories, is included in the Appendices. Also in this section, as a rule, all calculations and tables are included, whereas in the business plan itself there are only their estimated results.