What is a Business Plan and how to make one?
Posted: Thu Dec 05, 2024 9:00 am
A business plan is important for managing your business well and attracting potential investors. Learn what a business plan is for and how to create one efficiently.
What is a Business Plan?
It is a descriptive document that explains all aspects of the business in a clear, objective and understandable way. The business plan should outline the business idea, detailed sales information, marketing strategy, economic viability and projections of the business's costs and profits.
The business plan must be written in accordance with certain guidelines ig phone number data form and content. According to the Institute for Support to Small and Medium-sized Enterprises and Innovation (IAPMEI), it must have the following basic structure:
Executive Summary;
Company history;
Idea and positioning of the project in the market;
Product and project analysis;
Commercial Strategy;
Business management and control;
Financial Projections;
Investment;
Conclusions.
What is a Business Plan for?
On the one hand, the business plan is like a map that allows the entrepreneur to structure and guide the execution of his business. It is essential for the entrepreneur to be able to plan the future of the company with confidence, simulating favorable and unfavorable scenarios.
On the other hand, it is an excellent tool for presenting the company to potential investors, such as banks, venture capital companies and even private investors. It is necessary that the plan is well prepared, with the help of specialist help, particularly in the financial and market research aspects.
But these are not the only advantages of the financial plan, the preparation of this document also allows the alignment of information between partners and the possibility of carrying out rigorous monitoring, making it easier to identify and correct possible deviations.
How to make a Business Plan?
Remember to use clear, simple and concise language in your business plan and adapt the content of the business plan to the target audience. For example, if your goal is to attract new investors, you will need to place more emphasis on financial statements and profit projections.
Tips for creating a Business Plan
To develop a successful business plan you must work on these areas, incorporating them into the structure recommended by IAPMEI:
1. Create a Captivating Introduction
The executive summary is a short, clear and objective introduction to the project. It is advisable to prepare it after creating the entire business plan, as everything becomes clearer that way. It should contain the following information in a captivating way:
Business name;
Identification of the service or product;
Sector identification;
Mission identification;
Explanation of the reasons that make the idea innovative;
Identification of potential markets;
Approach to the project's strengths and weaknesses;
Identification of what could be attractive to investors;
Explanation of the human resources and investments required to carry out the project;
Approach to the relevant qualities of entrepreneurs for the project;
Address the amount of time that may elapse before the project begins to generate positive net results.
What is a Business Plan?
It is a descriptive document that explains all aspects of the business in a clear, objective and understandable way. The business plan should outline the business idea, detailed sales information, marketing strategy, economic viability and projections of the business's costs and profits.
The business plan must be written in accordance with certain guidelines ig phone number data form and content. According to the Institute for Support to Small and Medium-sized Enterprises and Innovation (IAPMEI), it must have the following basic structure:
Executive Summary;
Company history;
Idea and positioning of the project in the market;
Product and project analysis;
Commercial Strategy;
Business management and control;
Financial Projections;
Investment;
Conclusions.
What is a Business Plan for?
On the one hand, the business plan is like a map that allows the entrepreneur to structure and guide the execution of his business. It is essential for the entrepreneur to be able to plan the future of the company with confidence, simulating favorable and unfavorable scenarios.
On the other hand, it is an excellent tool for presenting the company to potential investors, such as banks, venture capital companies and even private investors. It is necessary that the plan is well prepared, with the help of specialist help, particularly in the financial and market research aspects.
But these are not the only advantages of the financial plan, the preparation of this document also allows the alignment of information between partners and the possibility of carrying out rigorous monitoring, making it easier to identify and correct possible deviations.
How to make a Business Plan?
Remember to use clear, simple and concise language in your business plan and adapt the content of the business plan to the target audience. For example, if your goal is to attract new investors, you will need to place more emphasis on financial statements and profit projections.
Tips for creating a Business Plan
To develop a successful business plan you must work on these areas, incorporating them into the structure recommended by IAPMEI:
1. Create a Captivating Introduction
The executive summary is a short, clear and objective introduction to the project. It is advisable to prepare it after creating the entire business plan, as everything becomes clearer that way. It should contain the following information in a captivating way:
Business name;
Identification of the service or product;
Sector identification;
Mission identification;
Explanation of the reasons that make the idea innovative;
Identification of potential markets;
Approach to the project's strengths and weaknesses;
Identification of what could be attractive to investors;
Explanation of the human resources and investments required to carry out the project;
Approach to the relevant qualities of entrepreneurs for the project;
Address the amount of time that may elapse before the project begins to generate positive net results.