Top 8 steps of writing a small business plan

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http://www.BizPlanCorner.com This presentation will help you learn how to write a small business plan to achieve your desired goals

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Top 8 steps of writing a small business plan

  1. 1. TOP 8 STEPS OF WRITING A SMALL BUSINESS PLAN<br />www.BizPlanCorner.com– Call +1-800-351-0557<br />info@bizplancorner.com<br />
  2. 2. Starting a business is not an easy task. <br />An entrepreneur has to work virtually 24/7 of their lives with no end in sight in taking the business to heights.<br />www.BizPlanCorner.com<br />
  3. 3. It is always good to plan before starting any business and know what you are getting into before anything serious occurs. <br />No matter how big or small your company is, a good and professionally written business plan always helps you a great deal. <br />www.BizPlanCorner.com<br />
  4. 4. www.BizPlanCorner.com<br />steps of writing a small business plan<br />
  5. 5. BE CLEAR ABOUT WHAT YOU ARE SELLING<br />Spend enough time in defining who you are, what your company does, what you are selling and what the benefits of your product are. <br />www.BizPlanCorner.com<br />
  6. 6. CREATE A PROPER LEGAL STRUCTURE FOR YOUR BUSINESS<br />Before starting any business, it’s good to consult a good legal representative. <br />They will guide you in a better way than anyone else. <br />For small businesses, creating a proper legal structure will save business owners headaches later on.<br />www.BizPlanCorner.com<br />
  7. 7. VISION, MISSION AND OBJECTIVE STATEMENTS<br />Mission, vision and objective statements are the main parts of your small business plan. They may all look the same, but are entirely different. <br />www.BizPlanCorner.com<br />
  8. 8. VISION, MISSION AND OBJECTIVE STATEMENTS<br />Vision & Mission statement: Represents where the management wants to lead the company and how they plan to reach there.<br />Objectives: Represents the definitive goals of the company.<br />www.BizPlanCorner.com<br />
  9. 9. BE HONEST WITH YOUR STRENGTHS AND WEAKNESSES<br />It’s always good to show SWOT analysis in your small business plan. <br />www.BizPlanCorner.com<br />
  10. 10. This will help you to evaluate your compatibility with the venture you are getting into. <br />Be very careful in analyzing your strengths, weaknesses, opportunities and threats.<br />www.BizPlanCorner.com<br />
  11. 11. CONDUCT A THOROUGH RESEARCH ON YOUR TARGET MARKET<br />Conduct comprehensive study on your target market. <br />Internet is the best research tool from where you can collect authentic and realistic data on your target market. <br />www.BizPlanCorner.com<br />
  12. 12. NEEDS OF YOUR CUSTOMERS<br />Understanding and addressing your customers’ needs is very important if you have to take your business towards success. <br />Customers’ need and expectation from your product and the benefits of your product are the most important parts of a small business plan.<br />www.BizPlanCorner.com<br />
  13. 13. CONDUCT A THOROUGH RESEARCH ON YOUR COMPETITORS<br />Conduct a thorough research on your competitors. <br />Focus on every small point, the products and services they are offering, their strengths and weaknesses, etc. <br /> A well-conducted competitive analysis will help you make your product better than your competitors.<br />www.BizPlanCorner.com<br />
  14. 14. BE REALISTIC WITH THE REVENUE PROJECTIONS<br />Revenue projection helps investors know how you are going to run your economic engine. <br />Investors invest in a company in order to get profit. <br />You have to show them that you have the potential to provide them large amount of profits. <br />Be realistic with the revenue projections. Don’t overestimate!<br />www.BizPlanCorner.com<br />
  15. 15. A small business plan is usually written in order to impress lenders, angles or VCs for attaining loan. <br />A professional and well-written business plan is equally important tool for both young and established businesses. <br />It must contain all important points that an investor needs to know about your company. <br />If you want to impress your investor and lender, then it is necessary that your business plan should be professionally written.<br />www.BizPlanCorner.com<br />
  16. 16. THE ENDE END<br />WHERE CAN I GO FOR MORE INFORMATION?<br />WWW.BIZPLANCORNER.COM<br />CALL +1-800-351-0557<br />INFO@BIZPLANCORNER.COM<br />

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