How to make a business plan correctly: key points

Many who decided to start their own business, ask the question: "How to make a business plan correctly?" This stage of the formation of a new project fulfills three main tasks:

1. Designation for general purpose managers.
2. Clearly stated thoughts in writing help to consider in detail all the nuances and ponder over the implementation of the conceived.
3. This work will help you in the future to attract investors, who often skilfully, without going into details, consider the proposed projects.

In other words, this is an excellent opportunity to "rehearse" your own business and realize the probable difficulties, while not losing anything financially . In this article we will tell you how to make a business plan. An example will be described below. But first, let's read the general rules.

One of the recommendations how to correctly draw up a business plan is as follows: "From the first lines of the text you must convey the whole essence of the project." It is important for you to inform investors about the competitive advantages of the proposed business and how you are going to achieve success. It is necessary to specify what is the value of your project, why the consumer will be interested in the product or service and how much it will take to start your business. Be sure to describe what the growth prospects and all possible risks are, how you plan to deal with them. Another thing to consider in the question of how to make a business plan correctly is profit. In other words, when and to what extent your project will begin to generate revenue. Therefore, it is necessary to include a section on financial indicators or forecast.

So, now we will consider in more detail how to make a business plan correctly. A sample for this document is not written according to the standard scheme. Here everything is very individual. But the general requirements for how to properly draw up a business plan are given below.

1. The content and title page, which specifies the details of the company, contacts of all founders and table of contents. The total volume of the document should not be more than forty pages with all attachments.
2. Introduction. In this paragraph, describe the most important thing, the essence of your business, highlight the main theses and the value of this project. To write this paragraph proceed better in the end.
3. Investigation of market opportunities. This part should answer the key questions. What are the market volumes? How quickly does it develop? What is the prospect of growth and possible threats? How will you liquidate them?
4. Market Review. Analyze information about competitors or companies with a similar product (service). Carefully study and describe in detail who they are, what their market share is, why they prefer buyers, etc.
5. Command.
6. Business model. This clause describes all sources of income, cost structure, as well as suppliers and buyers. This section is perhaps one of the most important and is of great importance in the question of how to draw up a business plan correctly.
7. Financial forecasts and indicators.
8. A description of all possible risks and how you will solve the emerging problems.
9. Sources of financial receipts and their distribution. This item is very important for potential investors.
10. Applications to which you attach all the necessary and important documents.