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How To Write A Business Plan - Writing business plan for funding and growth course

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Business Planning Tools including training and guidance for producing a solid business plan strategically. For free templates to put together your business plan visit www.businessservicessupport.com

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How To Write A Business Plan - Writing business plan for funding and growth course

  1. 1. S TRATEGIC B USINESS P LANNING
  2. 2. W HAT YOU WILL LEARN The essence of a business plan Scope and contents of a compelling business plan Your responsibility towards your business plan COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
  3. 3. T HE ESSENCE OF BUSINESS PLANSSetting the context for business planning in operationWhat is a compelling business plan? A management tool to help you succeed- accomplish your ambition/goals A management tool to guide you in your planning A management tool that articulate your vision, mission and goals as well as strategies for achieving them A tool for securing finance from third parties, whether a bank, private investor or government organisation A map (the A- Z) of your business- except that this is not a static map (it evolves) COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
  4. 4. T HE ESSENCE OF BUSINESS PLANSSetting the context for business planning in operation: A business plan should never be perceived narrowly as a document for raising finance. A business plan should not be perceived as a tool needed when you start a business. A business plan should not be developed without the involvement of the business. COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
  5. 5. T HE ESSENCE OF BUSINESS PLANSSetting the context for business planning in operation: Understanding the difference between strategic plan and business plan. It is important you know that a business plan should be preceded by a strategic plan. A strategic plan provides details of the core business operations (services and products of the business based on its core strengths). COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
  6. 6. T HE ESSENCE OF BUSINESS PLANSSetting the context for business planning in operation: Strategic plan- after thoroughly researching a market, an entrepreneur decides to set up a childcare organisation to meet needs that are not fully met by existing suppliers. Business plan- having taking a decision to set up a childcare organisation, the entrepreneur now progressed to putting together a plan to achieve this goal. (Never attempt to write a business plan without first being clear about your strategic plan, vision or mission) COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
  7. 7. S COPE AND CONTENTS OF A COMPELLING BUSINESS PLANPRIMARY POINT you are planning how to achieve you goals and so you want to ensure many angles are covered. Description of the business Vision and mission statement Market Analysis Products and Pricing Analysis of resources required and what is current available Analysis of external environment (PEST Analysis & Porters 5 forces) including competition analysis Marketing and sales strategies Milestones Risk Analysis and Management Systems SWOT Analysis Financial forecasts- profit and loss , cashflow and balance sheet COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
  8. 8. S COPE AND CONTENTS OF A BUSINESS PLANVision and mission statement Vision is critical for business success Vision is the end state of your business Vision paints a picture of what your business wants to achieve Mission is the purpose for which your business is establishedVision - To become the number one restaurant in a particular niche market.To be the number one provider of business training across the world. Mission - To provide high quality healthy meals in a restaurant settings for a specific target market. To enhance the potentials of individuals through high quality training and education. COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011

Business Planning Tools including training and guidance for producing a solid business plan strategically. For free templates to put together your business plan visit www.businessservicessupport.com

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