SlideShare a Scribd company logo
1 of 2
Download to read offline
HOW TO WRITE A BUSINESS PLAN


THE CORE COMPONENTS OF YOUR BUSINESS PLAN

1.   EXECUTIVE SUMMARY               Leave space for the Executive Summary at the beginning of the
                                     document but do not complete until the full plan has been written.                              
                                     The executive summary should include the key points of your plan
                                     including target markets, high level forecasts and key dates.
                                     For examples of how to write an executive summary visiting
                                     Bplans.com: http://bit.ly/j6ZwA6

2.   IDENTIFY
     OPPORTUNITIES
                                     Describe the unique selling points (USPs) of the product or service
                                     and your vision for the business. Provide context to your description:                          
                                     Remember that the reader will not know you therefore write clearly
                                     and concisely without acronyms and jargon.
                                     For help identifying your business idea use the Start Ups Business
                                     Idea Evaluation Tool: http://bit.ly/lHRzhY

3.   MARKET RESEARCH                 Outline who your customers are, who your competitors are, and any
                                     current or future trends which will affect your market.                                         
                                     Do not recreate data. Provide your analysis of material and how it
                                     would affect the business sector.
                                     Include information on the expected demand for your product or
                                     service, explaining how and why you have come to those
                                     assumptions.
                                     Need help?
                                     Small Business BC Market Research Advisory Services:
                                     http://bit.ly/kEsdtK
                                     Start Smart: Market Research seminar: http://bit.ly/ifd8pj

4.   MARKETING AND SALES             Outline how you plan to reach out and sell to that market.
                                     For tips on how to create a full marketing plan visit -
                                                                                                                                     
                                     http://bit.ly/jByDEN
                                     Need help?
                                     Powerful Marketing for Small Business seminar: http://bit.ly/kCtQ5f

5.   YOUR TEAM                       Include biographies of key people in your business, a brief
                                     organizational chart and job description.                                                       
                                     For help defining your key staff visit the Canada Business website -
                                     http://bit.ly/MdXcFh




                 Small Business BC | Tel: 604-775-5525 | 1-800-667-2272 | Email: askus@smallbusinessbc.ca | Web:smallbusinessbc.ca
HOW TO WRITE A BUSINESS PLAN


6.   FINANCIAL FORECASTS                    Include cash flow statements, profit and loss forecasts, and sales
                                            forecasts.                                                                                      
                                            For an explanation on how to create a budget and sales forecast, visit
                                            Dun & Bradstreet at http://bit.ly/lb8eU7.
                                            Need help?
                                            Attend the Forecasting Revenue and Expenses seminar:
                                            http://bit.ly/kOP8pO

7.   IMPLEMENTATION PLAN                    List estimated dates of completion for different aspects of your
                                            business plan with targets for your business and milestones.                                    
8.   APPENDICES                             Include all licenses, permits, agreements, existing contracts and any
                                            additional documents that support your business plan.                                           

DON’T KNOW WHERE TO START?                                                  READY FOR THE NEXT STEP?


BUSINESS PLAN FASTTRACK                                                     BUSINESS PLAN REVIEW SERVICE
                Introduction to the business plan and                                            Objectively review your business plan
$150             executive summary                                          $150                  Provide feedback and resources on how to
PLUS TAXES      Find out your business viability including a               PLUS TAXES             improve your plan.
                 break even analysis
                                                                                                  Guidance on how to present plan to
                Understand the basics of business risk and                                        potential lenders or investors.
                 operations

                Market research and strategies

                Financial planning and strategies



                      CLIENT SERVICES
CONTACT
                      604-775-5525 | 1-800-667-2272 | askus@smallbusinessbc.ca




                        Small Business BC | Tel: 604-775-5525 | 1-800-667-2272 | Email: askus@smallbusinessbc.ca | Web:smallbusinessbc.ca

More Related Content

Featured

PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at WorkGetSmarter
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...DevGAMM Conference
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationErica Santiago
 

Featured (20)

PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 

Business planning how to write a business plan

  • 1. HOW TO WRITE A BUSINESS PLAN THE CORE COMPONENTS OF YOUR BUSINESS PLAN 1. EXECUTIVE SUMMARY Leave space for the Executive Summary at the beginning of the document but do not complete until the full plan has been written.  The executive summary should include the key points of your plan including target markets, high level forecasts and key dates. For examples of how to write an executive summary visiting Bplans.com: http://bit.ly/j6ZwA6 2. IDENTIFY OPPORTUNITIES Describe the unique selling points (USPs) of the product or service and your vision for the business. Provide context to your description:  Remember that the reader will not know you therefore write clearly and concisely without acronyms and jargon. For help identifying your business idea use the Start Ups Business Idea Evaluation Tool: http://bit.ly/lHRzhY 3. MARKET RESEARCH Outline who your customers are, who your competitors are, and any current or future trends which will affect your market.  Do not recreate data. Provide your analysis of material and how it would affect the business sector. Include information on the expected demand for your product or service, explaining how and why you have come to those assumptions. Need help? Small Business BC Market Research Advisory Services: http://bit.ly/kEsdtK Start Smart: Market Research seminar: http://bit.ly/ifd8pj 4. MARKETING AND SALES Outline how you plan to reach out and sell to that market. For tips on how to create a full marketing plan visit -  http://bit.ly/jByDEN Need help? Powerful Marketing for Small Business seminar: http://bit.ly/kCtQ5f 5. YOUR TEAM Include biographies of key people in your business, a brief organizational chart and job description.  For help defining your key staff visit the Canada Business website - http://bit.ly/MdXcFh Small Business BC | Tel: 604-775-5525 | 1-800-667-2272 | Email: askus@smallbusinessbc.ca | Web:smallbusinessbc.ca
  • 2. HOW TO WRITE A BUSINESS PLAN 6. FINANCIAL FORECASTS Include cash flow statements, profit and loss forecasts, and sales forecasts.  For an explanation on how to create a budget and sales forecast, visit Dun & Bradstreet at http://bit.ly/lb8eU7. Need help? Attend the Forecasting Revenue and Expenses seminar: http://bit.ly/kOP8pO 7. IMPLEMENTATION PLAN List estimated dates of completion for different aspects of your business plan with targets for your business and milestones.  8. APPENDICES Include all licenses, permits, agreements, existing contracts and any additional documents that support your business plan.  DON’T KNOW WHERE TO START? READY FOR THE NEXT STEP? BUSINESS PLAN FASTTRACK BUSINESS PLAN REVIEW SERVICE  Introduction to the business plan and  Objectively review your business plan $150 executive summary $150  Provide feedback and resources on how to PLUS TAXES  Find out your business viability including a PLUS TAXES improve your plan. break even analysis  Guidance on how to present plan to  Understand the basics of business risk and potential lenders or investors. operations  Market research and strategies  Financial planning and strategies CLIENT SERVICES CONTACT 604-775-5525 | 1-800-667-2272 | askus@smallbusinessbc.ca Small Business BC | Tel: 604-775-5525 | 1-800-667-2272 | Email: askus@smallbusinessbc.ca | Web:smallbusinessbc.ca