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Steps to follow for Business Plan


 A business plan refers to a written document that comprehensively outlines what your business is, where it is going, and how it will get there.

Preparing To Write Your Business Plan

  1. Determine the type of business plan you will use.
  2. Understand the basic structure of the business plan.
  3. Obtain appropriate help.
Writing Your Business Plan
  1. Format your document correctly. 
  2. Write your company description as the first section. 
  3. Write your market analysis.
  4. Describe your company's organizational structure and management.
  5. Describe your product or service.
  6. Write your marketing and sales strategy.
  7. Make a funding request. 
  8. Write the executive summary.
Finalizing Your Business Plan
  1. Include an Appendix :
    • Financial Projection.
    • Legal Documentation.
    • Contracts & Associations
    • Revenue Forecast for Investors. 
  1. Revise and edit.
    • Review your Business Plan twice even Thrice.
  1. Create a cover page. 
    • The cover page identifies your document and gives it aesthetic appeal and professionalism. It also helps your document to stand out.
    • Your cover page should include: The words "Business Plan" centered in large bold font, along with your company name, company logo, and contact information. Simplicity is key.

-By Palguna Rao 

Source : Different Professional Articals & Blogs




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