Organize the information for your business plan. Include information on your company, product or service, customers, market, competition and potential risk.
Step2
Write an executive summary. This is the first section of the plan–—a 2-page description of all the elements covered in more detail later.
Step3
Describe your company. Spell out the purpose of your business. Talk about the skills you and your management team have.
Step4
Explain your product or service. Detail how you will make or provide it. Analyze the costs associated with this process. List your supply sources.
Step5
Talk about the market you're entering. Discuss general trends in the industry. Include details about the market segment you are pursuing, the niche you are targeting and your target customer; provide demographics on your potential customers and explain their buying habits. Analyze your competition.
Step6
Describe your marketing plan. Explain how you will generate sales through advertising, promotion and public relations. Estimate all costs conservatively.
Step7
Detail your yearly revenue projections and your expenses.
Tips & Warnings
Be sure to gather all of the information for your business plan before you start writing it. Organize your research in outline form, then start writing.
Limit the plan to less than 50 pages. Investors and lenders get business plans every day. Most plans get a cursory look before they are either discarded or kept for further review.
A business plan is a never-ending process. As your company grows, update your business plan projections.
on 7/31/2008
If you've never written a business plan before, know that it is a big undertaking and requires a LOT of reading, planning and careful attention to detail. This is an area that you should consider paying someone with a proven track record of success in writing thorough business plans.
on 11/2/2007
One of the problems of writing a business plan is the intermediate step between the idea and the final product. I would recommend a software like QuickPlanner Plus to help take concept to grounded objectives, mission, strategies, programs, and other elements. Once you have those in place, the rest of the plan is fairly simple to achieve.
on 11/22/2005
What exact procedures must be in place to open your doors & run your business effectively, profitably? Often operations are overlooked in business plans when they're actually THE backbone of a company. Go to www.like-clockwork.com/intro.htm. Great manual!
Comments
rosie96778 said
on 9/14/2008 thanks i will give it a try very good information
sadiemonkey said
on 7/31/2008 If you've never written a business plan before, know that it is a big undertaking and requires a LOT of reading, planning and careful attention to detail. This is an area that you should consider paying someone with a proven track record of success in writing thorough business plans.
Hon777 said
on 2/6/2008 im am so freaken smart!~!!!!!!!!!!!!!!!!@!~~!~~!
matsonian said
on 11/2/2007 One of the problems of writing a business plan is the intermediate step between the idea and the final product. I would recommend a software like QuickPlanner Plus to help take concept to grounded objectives, mission, strategies, programs, and other elements. Once you have those in place, the rest of the plan is fairly simple to achieve.
Anonymous said
on 11/22/2005 What exact procedures must be in place to open your doors & run your business effectively, profitably? Often operations are overlooked in business plans when they're actually THE backbone of a company. Go to www.like-clockwork.com/intro.htm. Great manual!