You may need to tailor your plan to the target audience You may want the plan to 'sell' the business. For example, to your bank manager or investors. Specific issues such as the directors' personal track records may need to be addressed.
For example, to your bank manager or investors. Ask the intended recipient first. Content of a business plan Base the plan on detailed information where possible. But do not include all the detail in the plan.
Leave the detail for operational uk startup business plan marketing plans. Keep the plan short Focus on what the reader needs to know. Cut out any waffle. Make sure there are no spelling mistakes. Detailed business plans are often quickly shelved, because they are difficult to use on an ongoing basis.
Include any detailed information you need in an appendix For example, you might want: Base your business plan on reality, or it may be counterproductive Over-optimistic sales forecasts can lead to increased overheads followed by a cash flow crisis and drastic cost cutting, all of which can seriously damage morale.
Be realistic, even if you are selling the business to a third party. Financiers, business partners and employees will see through over-optimistic plans that ignore weaknesses or threats. Management credibility can be damaged.
Make the plan professional Put a cover on it. Include a contents page, with page and section numbering. Start with an executive summary. This summarises the key points, starting with the purpose of the business plan. Use charts, if helpful.
Even if the plan is for internal use only, write it as if it were aimed at an outsider Include company or product literature as an appendix. Give details about the history and current status of the business. For example, try to imagine the impression the plan will make on your bank manager. Check that the plan is realistic.
Make sure that it includes the evidence to back up what you say perhaps in an appendix or that you can provide evidence if needed. What might go wrong eg if your main supplier closes down or you lose a key customer and what would you do about it?
Concentrate on the executive summary. People often make provisional judgements based on the executive summary. Only then do they read the rest of the plan to confirm their decision.Preparing a Technology Business Plan Case 1: New Materials –Hephaestus Materials Ltd. © European Communities, All rights reserved.
2/ Palo Alto Software offers Business Plan Pro, the world's leading business planning software, along with other business and marketing planning solutions.
My name is Chandoo. I am an entrepreneur based in India. I run my own Microsoft Excel based business.
Visit alphabetnyc.com to learn more about my business.. In this site, You can follow my journey as a start-up owner and learn from my successes and failures. Free Business Plan Templates for Startups. By Jennifer Post, This template is used as the official business plan for the New York StartUP!
Business Plan Competition. A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.
A business plan helps you to. What is a business plan? A business plan is the blueprint for your business and is a great tool for focusing your thinking. It helps us understand your goals and how you plan to achieve them, how well you know your market (your customers and your competitors) and what resources you’ll need to deliver and promote your products or services.