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How to Prepare a Business Plan

2. 1.Define the need (or Problem) that your
Satisfies
2.If yor aren't sure what your Business purpose
is, your need to rethink it before launching!
3.What needs do your clients currently have?
Do you know all of them, or just some? Are
you a resource for the entire range of needs
that your clients have ?
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Identify The Need Your Business Fulfills

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1.This is the Place for Mission Statement.
2.List objective for the actions for your
business takes to address holes in the market.
3.Change are other buainesses are working to
fulfill the same niche- But how does your
business do it better then they do.
Clearly Describe How it Fulfills This Need

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1.A unique selling proposition,
which defines your company’s
unique position in the
marketplace, is an often
overlooked but very important
element of creating a business
that customers.
2.Outline a Business model
that details the advantages of
your organisation, in order to
ascertain how your business
will survive.
3..Scrutinze the strengths and
Weaknesses of your Competition,
as well.
4.Distinguish Yourself from the
croud to boost your shot at
investment capital.
5.36% of surveyed business
owners with a business plan
obtained investment capital.
6.only 18% of those without
business plans secured it.
Recognize How Your Business in Unique

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A stakeholder is anybody who can affect or is
affected by an organisation, strategy or
project. They can be internal or external and
they can be at senior or junior levels. Some
definitions suggest that stakeholders are
those who have the power to impact an
organisation or project in some way.
1.Identify your management team, board
and Advisers.
2.Include the detail of their value-add
Name of Your StakeHolders

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1. Analyze the market condition.
2. How to Determine Market Size for a
Business Plan
3. How big it.
4. How much is it growing.
5. How fast is it growing.
6. What is it Profit Potential.
Know The Size of Your Market
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1.Market Strategies Should be Clearly aimed at
your target market.
2.If, not you are wasting time, effort and money.
3.When crafting your Business plan or giving it
an overhaul, it's critical to thoroughly understand
your target customers. Understanding your
work best.
Know Who Makes up Your Target Market

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1.How to reach that target Market?
2.Your Strategy should include the
ideal mediums that speak most to
your clients and where they gather
their information.
Devise Ideal Promotional Strategies

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Revenue Predication in real terms can actually be
determental to your plan (as it often doesn't meet
expectations)- but knowing what makes up your
revenue is valuable.
Pricing
Structure
Costs
Margins
Expenses
Break Down Your Revenue Streams

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Funding to move your idea to Proof of concept
will typically come from friend, family adn
personal fund.
Whoever is providing your funding will want to
see asolid business plan.
If You apply for an SBA Loan, you will need
30% of funding (Plus a solid business plan).
If Approved, SBA will Loan you up to 70% of
What you need to start.
Budget How Much Money Your Need to
Get Started - And Keep Going

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2.Revenue, can be tough to predict but creat a few different
scenarios and establish the sales required to pay for your
expenses and subsequently turn a profit!
3.If Possible break it down month-by-month for your business first
two years.
1.Create Contigencies for Positive and negitive Scenarios.
(a)If you hit a rough patch you don't have plan, Your business could
slumb or even fail.
(b)If you see un expected success, your goals may be pushed up
significantly - and suddenly your need a new plan.
Create a Plan for Breaking Even

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