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Building a business plan

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Building a business plan - Must for SMEs

Building a business plan - Must for SMEs

Published in Business , Economy & Finance
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  • Industry and market data is available from different trade bodies, institutions and government agencies.

Transcript

  • 1. Religare Finvest Limited Building A Business Plan M u s t f o r a n S M E
  • 2. Need For A Business Plan?
  • 3. Purpose Roadmap Outlines the roadmap to achieve both short & long term objectives
  • 4. Helps present business strategies to external audiences to generate funding. Provides an operational framework that allows business to enjoy distinct competitive advantages States a company’s vision, mission and financial goals and helps sharpen business focus. We offer a complete suite of financial products Competitive Advantage Prioritize Generate Funding Objective T h r e e K e y B e n e f i t s
  • 5. Creating a Business Plan…
  • 6. Key Components of a Business Plan Making a business plan plays a pivotal role in the success of the firm and thus needs to be followed with a scientific approach Executive Summary Vision & Mission Growth Prospects Should be the reflection of the business and help understand the key facts about the business . This section outlines vision & mission clearly and provides description of business structure. Define market size, structure, growth prospects. List out the key competitors in the market, and assessing their relative strengths and weaknesses 1. 2. 3.
  • 7. Key Components of a Business Plan Products & Services Sales & Marketing Operations This section contains the description of the products and services that the business will supply to its customers. This section, should detail out one’s sales and distribution plans. This section details out the manufacturing or service delivery process, including what equipment or machinery will be used, etc. 4. 5. 6. Making a business plan plays a pivotal role in the success of the firm and thus needs to be followed with a scientific approach
  • 8. Key Components of a Business Plan  A well structured plan helps understand all aspects of the business.  Business plan helps gauge actual performance against business goals. Organization Structure Financial Detailing the organization structure, roles and responsibilities of senior management and the overall manpower requirements. This section is the backbone of the plan as the overall capability of the business is mirrored here. Sound financials are key to raising capital in the form of equity or for obtaining loans. 7. 8. Making a business plan plays a pivotal role in the success of the firm and thus needs to be followed with a scientific approach
  • 9. Reviewing Business Plan…
  • 10. Reviewing Business Plan  Review your plan regularly  Valid only for a finite period: 1-2 years at best  Adapting to changing market conditions  Helps frame an action plan for the next steps Validity…
  • 11. Seeking Help…
  • 12. Getting Help…  Professional help  Chartered Accountants  Qualified Consultants  Banks or NBFCs W h o C a n H e l p Self-help gives a great insight into your business
  • 13. Kavi Arora Kavi Arora is Managing Director & Chief Executive Officer at Religare Finvest Limited managing the Small and Medium Enterprises (SME) focused commercial lending business. With a commitment to helping realize the dreams of India’s entrepreneurs, he spear heads the company’s vision of partnering with their clients as they grow to new heights. Imbibing his vision of ‘In The Customers Success Lies Our Success’, Religare Finvest Limited has achieved a commendable success. About the Author… Read the complete article at: http://www.religarefinvest.com/admin/Resources/Project_Pdf_File/12MSME_Business_July_2012.pdf
  • 14. +91-9582218813 – Mohit Gupta marketing.rfl@religare.com ; mohit.gupta@religare.com Thank You