SlideShare a Scribd company logo
How to prepare a business plan
Introduction:
• A business plan is a written document that describes in detail how a business
is going to achieve its goals.
• Business plans are important to allow a company to lay out its goals and
attract investment. They are also a way for companies to keep themselves on
track going forward.
• Ideally, a company would revisit the plan periodically to see if goals have
been met or have changed and evolved.
• Sometimes, a new business plan is prepared for an established business that
is moving in a new direction.
Steps in business plan :
• mission statement
• business description
• business environment analysis
• SWOT analysis
• industry background
• competitor analysis
• market analysis
• marketing plan
• operations plan
• management summary
• financial plan
• attachments and milestones
Mission statement
• Mission statement help clarify what business you are in, your goals and your
objectives.
• It captures the essence of your business's goals and the philosophies
underlying them.
Business description:
Business description is a detailed description of your business. It covers
areas such as the type of your business, your business location, the products
and services you are selling your customers, how you will make your customers
want to buy from you, who your competition is, etc.
Business environment analysis
• Environmental analysis is a strategic tool. It is a process to identify all the
external and internal elements, which can affect the organization's
performance.
Swot analysis:
• The point of a SWOT analysis is to help you develop a strong business
strategy by making sure you've considered all of your
business's strengths and weaknesses, as well as
the opportunities and threats it faces in the marketplace.
Industry analysis:
• An industry analysis is specific to the particular industry in which
a business is currently operating or into which it plans to venture. It provides
information from which a business owner can create a long-term strategy to
minimize risks and take advantage of growth opportunities.
Competitor analysis:
• Identifying your competitors and evaluating their strategies to determine
their strengths and weaknesses relative to those of your own product or
service. A competitive analysis is a critical part of your company marketing
plan.
Market analysis:
• Marketing analysis is basically a business plan that presents information
regarding the market in which you are operating in.
Marketing plan
• A marketing plan is a report that outlines your marketing strategy for the
coming year, quarter or month.
Operation plan:
• operations plan section describes the physical necessities of your business's
operation, such as your business's physical location, facilities, and
equipment.
• It may also include information about inventory requirements, suppliers, and
a description of the manufacturing process.
Management summary:
• It basically describes the business structure, pointing out the individuals that
are involved.
• It gives vital information regarding the people that are responsible for
the management of the company.
Attachment for a business:
• Cash flow statement.
• Income statement.
• Balance sheet.
• Detailed financial projections.
• Capital equipment list.
• Resumes of key officers.
• Letters of support, reference, or credibility.
Financial plan:
• Financial planning is the task of determining how a business will afford to
achieve its strategic goals and objectives.
Milestones:
• The milestones should represent a clear sequence of events that
incrementally build up until your project is complete
• It sets the plan into practical, concrete terms, with real budgets, deadlines,
and management responsibilities.
Conclusion:
• Thus, a Business plan serves as a road map that provides direction to the
business.
"... a good business plan can help to make a good business credible,
understandable, and attractive to someone who is unfamiliar with the business.
Writing a good business plan can’t guarantee success, but it can go a long way
toward reducing the odds of failure."
_ Eric S. Siegel, 'The Ernst & Young Business Plan Guide'
How to Write a Business Plan [Updated for 2019] - Vakilsearch

More Related Content

What's hot

Annual Operating Plan PowerPoint Presentation Slides
Annual Operating Plan PowerPoint Presentation Slides Annual Operating Plan PowerPoint Presentation Slides
Annual Operating Plan PowerPoint Presentation Slides
SlideTeam
 
8 Essential Elements of an Annual New Business Plan
8 Essential Elements of an Annual New Business Plan8 Essential Elements of an Annual New Business Plan
8 Essential Elements of an Annual New Business Plan
Jody Sutter
 
Yearly Business Plan Report PowerPoint Presentation Slides
Yearly Business Plan Report PowerPoint Presentation SlidesYearly Business Plan Report PowerPoint Presentation Slides
Yearly Business Plan Report PowerPoint Presentation Slides
SlideTeam
 
Annual Report For Business Plan PowerPoint Presentation Slides
Annual Report For Business Plan PowerPoint Presentation SlidesAnnual Report For Business Plan PowerPoint Presentation Slides
Annual Report For Business Plan PowerPoint Presentation Slides
SlideTeam
 
Annual business plan
Annual business planAnnual business plan
Annual business plan
Kim Judd
 
Monthly Review Powerpoint Presentation Slides
Monthly Review Powerpoint Presentation SlidesMonthly Review Powerpoint Presentation Slides
Monthly Review Powerpoint Presentation Slides
SlideTeam
 
Portfolio Management Powerpoint Presentation Slides
Portfolio Management Powerpoint Presentation SlidesPortfolio Management Powerpoint Presentation Slides
Portfolio Management Powerpoint Presentation Slides
SlideTeam
 
Annual Business Plan Powerpoint Presentation Slides
Annual Business Plan Powerpoint Presentation SlidesAnnual Business Plan Powerpoint Presentation Slides
Annual Business Plan Powerpoint Presentation Slides
SlideTeam
 
Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...
Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...
Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...
SlideTeam
 
Semester project strategic management (70415)
Semester project strategic management (70415)Semester project strategic management (70415)
Semester project strategic management (70415)
Muhammad Asif Khan Awan
 
Strategic Business Plan Powerpoint Presentation Slides
Strategic Business Plan Powerpoint Presentation SlidesStrategic Business Plan Powerpoint Presentation Slides
Strategic Business Plan Powerpoint Presentation Slides
SlideTeam
 
Annual Operations (AOP) and Long-Range (LRP) Planning Process
Annual Operations (AOP) and Long-Range (LRP) Planning ProcessAnnual Operations (AOP) and Long-Range (LRP) Planning Process
Annual Operations (AOP) and Long-Range (LRP) Planning Process
David Niles
 
Strategic Business Plan PowerPoint Presentation Slides
Strategic Business Plan PowerPoint Presentation SlidesStrategic Business Plan PowerPoint Presentation Slides
Strategic Business Plan PowerPoint Presentation Slides
SlideTeam
 
Annual Business Plan PowerPoint Presentation Slides
Annual Business Plan PowerPoint Presentation SlidesAnnual Business Plan PowerPoint Presentation Slides
Annual Business Plan PowerPoint Presentation Slides
SlideTeam
 
Product Launch Timeline Powerpoint Presentation Slides
Product Launch Timeline Powerpoint Presentation SlidesProduct Launch Timeline Powerpoint Presentation Slides
Product Launch Timeline Powerpoint Presentation Slides
SlideTeam
 
Creating The Perfect Organizational Strategy PowerPoint Presentation Slides
Creating The Perfect Organizational Strategy PowerPoint Presentation SlidesCreating The Perfect Organizational Strategy PowerPoint Presentation Slides
Creating The Perfect Organizational Strategy PowerPoint Presentation Slides
SlideTeam
 
Mergers And Acquisitions Project Plan Powerpoint Presentation Slides
Mergers And Acquisitions Project Plan Powerpoint Presentation SlidesMergers And Acquisitions Project Plan Powerpoint Presentation Slides
Mergers And Acquisitions Project Plan Powerpoint Presentation Slides
SlideTeam
 
Synergy Assessment Powerpoint Presentation Slides
Synergy Assessment Powerpoint Presentation SlidesSynergy Assessment Powerpoint Presentation Slides
Synergy Assessment Powerpoint Presentation Slides
SlideTeam
 

What's hot (20)

Annual Operating Plan PowerPoint Presentation Slides
Annual Operating Plan PowerPoint Presentation Slides Annual Operating Plan PowerPoint Presentation Slides
Annual Operating Plan PowerPoint Presentation Slides
 
8 Essential Elements of an Annual New Business Plan
8 Essential Elements of an Annual New Business Plan8 Essential Elements of an Annual New Business Plan
8 Essential Elements of an Annual New Business Plan
 
Yearly Business Plan Report PowerPoint Presentation Slides
Yearly Business Plan Report PowerPoint Presentation SlidesYearly Business Plan Report PowerPoint Presentation Slides
Yearly Business Plan Report PowerPoint Presentation Slides
 
Annual Report For Business Plan PowerPoint Presentation Slides
Annual Report For Business Plan PowerPoint Presentation SlidesAnnual Report For Business Plan PowerPoint Presentation Slides
Annual Report For Business Plan PowerPoint Presentation Slides
 
Annual business plan
Annual business planAnnual business plan
Annual business plan
 
Monthly Review Powerpoint Presentation Slides
Monthly Review Powerpoint Presentation SlidesMonthly Review Powerpoint Presentation Slides
Monthly Review Powerpoint Presentation Slides
 
Portfolio Management Powerpoint Presentation Slides
Portfolio Management Powerpoint Presentation SlidesPortfolio Management Powerpoint Presentation Slides
Portfolio Management Powerpoint Presentation Slides
 
Annual Business Plan Powerpoint Presentation Slides
Annual Business Plan Powerpoint Presentation SlidesAnnual Business Plan Powerpoint Presentation Slides
Annual Business Plan Powerpoint Presentation Slides
 
Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...
Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...
Fundamentals Of Organization Best Practices And Templates Powerpoint Presenta...
 
Semester project strategic management (70415)
Semester project strategic management (70415)Semester project strategic management (70415)
Semester project strategic management (70415)
 
Make_Strategy_Work
Make_Strategy_WorkMake_Strategy_Work
Make_Strategy_Work
 
Strategic Business Plan Powerpoint Presentation Slides
Strategic Business Plan Powerpoint Presentation SlidesStrategic Business Plan Powerpoint Presentation Slides
Strategic Business Plan Powerpoint Presentation Slides
 
Annual Operations (AOP) and Long-Range (LRP) Planning Process
Annual Operations (AOP) and Long-Range (LRP) Planning ProcessAnnual Operations (AOP) and Long-Range (LRP) Planning Process
Annual Operations (AOP) and Long-Range (LRP) Planning Process
 
Strategic Business Plan PowerPoint Presentation Slides
Strategic Business Plan PowerPoint Presentation SlidesStrategic Business Plan PowerPoint Presentation Slides
Strategic Business Plan PowerPoint Presentation Slides
 
Annual Business Plan PowerPoint Presentation Slides
Annual Business Plan PowerPoint Presentation SlidesAnnual Business Plan PowerPoint Presentation Slides
Annual Business Plan PowerPoint Presentation Slides
 
Product Launch Timeline Powerpoint Presentation Slides
Product Launch Timeline Powerpoint Presentation SlidesProduct Launch Timeline Powerpoint Presentation Slides
Product Launch Timeline Powerpoint Presentation Slides
 
Creating The Perfect Organizational Strategy PowerPoint Presentation Slides
Creating The Perfect Organizational Strategy PowerPoint Presentation SlidesCreating The Perfect Organizational Strategy PowerPoint Presentation Slides
Creating The Perfect Organizational Strategy PowerPoint Presentation Slides
 
Mergers And Acquisitions Project Plan Powerpoint Presentation Slides
Mergers And Acquisitions Project Plan Powerpoint Presentation SlidesMergers And Acquisitions Project Plan Powerpoint Presentation Slides
Mergers And Acquisitions Project Plan Powerpoint Presentation Slides
 
Synergy Assessment Powerpoint Presentation Slides
Synergy Assessment Powerpoint Presentation SlidesSynergy Assessment Powerpoint Presentation Slides
Synergy Assessment Powerpoint Presentation Slides
 
Lcp ppt for annual report
Lcp ppt for annual reportLcp ppt for annual report
Lcp ppt for annual report
 

Similar to How to Write a Business Plan [Updated for 2019] - Vakilsearch

Business Plan
Business PlanBusiness Plan
Business Plan
Sajad Nazari
 
BusinessPlan.ppt
BusinessPlan.pptBusinessPlan.ppt
BusinessPlan.ppt
OMDINA1
 
Unit 4.pptx
Unit 4.pptxUnit 4.pptx
Unit 4.pptx
RajatSharma7723
 
Business Plan Development
Business Plan DevelopmentBusiness Plan Development
Business Plan Developmentjeffgoldb
 
Business plan
Business planBusiness plan
Business plan
Epifania Cazembe
 
Business plan development external 2019 (1)
Business plan development   external 2019 (1)Business plan development   external 2019 (1)
Business plan development external 2019 (1)
Prof (Dr.) Chamaru De Alwis
 
The Importance of a Business Plan
The Importance of a Business PlanThe Importance of a Business Plan
The Importance of a Business Plan
RK Fischer & Associates
 
10. business plan
10. business plan10. business plan
10. business plan
abcde123321
 
Chapter 5 Notes
Chapter 5 NotesChapter 5 Notes
Chapter 5 Notes
GulledgeE
 
Lesson 2 elements of a business plan
Lesson 2   elements of a business planLesson 2   elements of a business plan
Lesson 2 elements of a business planedfowler
 
Business plan.pptx
Business plan.pptxBusiness plan.pptx
Business plan.pptx
Nimra zaman
 
local_media7722978710703788158.pptx
local_media7722978710703788158.pptxlocal_media7722978710703788158.pptx
local_media7722978710703788158.pptx
BJYXSZD2
 
Business plan presented by mdshadab sayed
Business plan presented by mdshadab sayedBusiness plan presented by mdshadab sayed
Business plan presented by mdshadab sayedMdshadab Sayed
 
LE4 Business Plan.pptx
LE4 Business Plan.pptxLE4 Business Plan.pptx
LE4 Business Plan.pptx
bettymakuve1
 
Business plan as my selling point
Business plan as my selling pointBusiness plan as my selling point
Business plan as my selling point
Angela Ihunweze
 
E&E ppt.pptx
E&E ppt.pptxE&E ppt.pptx
E&E ppt.pptx
KamalJaiswal9
 
DIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptx
DIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptxDIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptx
DIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptx
JinnyAsyiqin
 
Innovation And Business Plan
Innovation And Business PlanInnovation And Business Plan
Innovation And Business Planitsvineeth209
 

Similar to How to Write a Business Plan [Updated for 2019] - Vakilsearch (20)

Business Plan
Business PlanBusiness Plan
Business Plan
 
BusinessPlan.ppt
BusinessPlan.pptBusinessPlan.ppt
BusinessPlan.ppt
 
Unit 4.pptx
Unit 4.pptxUnit 4.pptx
Unit 4.pptx
 
Business Plan Development
Business Plan DevelopmentBusiness Plan Development
Business Plan Development
 
Business plan
Business planBusiness plan
Business plan
 
Business plan development external 2019 (1)
Business plan development   external 2019 (1)Business plan development   external 2019 (1)
Business plan development external 2019 (1)
 
The Importance of a Business Plan
The Importance of a Business PlanThe Importance of a Business Plan
The Importance of a Business Plan
 
10. business plan
10. business plan10. business plan
10. business plan
 
Chapter 5 Notes
Chapter 5 NotesChapter 5 Notes
Chapter 5 Notes
 
Business Plan XVD Feb15
Business Plan XVD Feb15Business Plan XVD Feb15
Business Plan XVD Feb15
 
Lesson 2 elements of a business plan
Lesson 2   elements of a business planLesson 2   elements of a business plan
Lesson 2 elements of a business plan
 
Business plan.pptx
Business plan.pptxBusiness plan.pptx
Business plan.pptx
 
local_media7722978710703788158.pptx
local_media7722978710703788158.pptxlocal_media7722978710703788158.pptx
local_media7722978710703788158.pptx
 
Business Plan
Business Plan Business Plan
Business Plan
 
Business plan presented by mdshadab sayed
Business plan presented by mdshadab sayedBusiness plan presented by mdshadab sayed
Business plan presented by mdshadab sayed
 
LE4 Business Plan.pptx
LE4 Business Plan.pptxLE4 Business Plan.pptx
LE4 Business Plan.pptx
 
Business plan as my selling point
Business plan as my selling pointBusiness plan as my selling point
Business plan as my selling point
 
E&E ppt.pptx
E&E ppt.pptxE&E ppt.pptx
E&E ppt.pptx
 
DIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptx
DIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptxDIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptx
DIGITAL MARKETING PLANNING, BUDGETING, FORECASTING.pptx
 
Innovation And Business Plan
Innovation And Business PlanInnovation And Business Plan
Innovation And Business Plan
 

More from Vakilsearch

Digital Signature
Digital Signature Digital Signature
Digital Signature
Vakilsearch
 
Employment contract
Employment contractEmployment contract
Employment contract
Vakilsearch
 
NGO Registration Process
NGO Registration ProcessNGO Registration Process
NGO Registration Process
Vakilsearch
 
Gst Filing Online India
Gst Filing Online IndiaGst Filing Online India
Gst Filing Online India
Vakilsearch
 
Partnership deed
Partnership deedPartnership deed
Partnership deed
Vakilsearch
 
Copyright disclaimer
Copyright disclaimerCopyright disclaimer
Copyright disclaimer
Vakilsearch
 
How to link a pan card with your aadhar
How to link a pan card with your aadharHow to link a pan card with your aadhar
How to link a pan card with your aadhar
Vakilsearch
 
Food business
Food businessFood business
Food business
Vakilsearch
 
Rcmc registration
Rcmc registrationRcmc registration
Rcmc registration
Vakilsearch
 
Rcmc registration
Rcmc registrationRcmc registration
Rcmc registration
Vakilsearch
 
Logo designing
Logo designing Logo designing
Logo designing
Vakilsearch
 
What is Shops & Establishment Act, 1953?
What is Shops & Establishment Act, 1953?What is Shops & Establishment Act, 1953?
What is Shops & Establishment Act, 1953?
Vakilsearch
 
Company incorporation in india
Company incorporation in indiaCompany incorporation in india
Company incorporation in india
Vakilsearch
 
What is patent register
What is patent registerWhat is patent register
What is patent register
Vakilsearch
 
Types of business licenses and certification in india
Types of business licenses and certification in indiaTypes of business licenses and certification in india
Types of business licenses and certification in india
Vakilsearch
 
Company Registration in India
Company Registration in IndiaCompany Registration in India
Company Registration in India
Vakilsearch
 

More from Vakilsearch (16)

Digital Signature
Digital Signature Digital Signature
Digital Signature
 
Employment contract
Employment contractEmployment contract
Employment contract
 
NGO Registration Process
NGO Registration ProcessNGO Registration Process
NGO Registration Process
 
Gst Filing Online India
Gst Filing Online IndiaGst Filing Online India
Gst Filing Online India
 
Partnership deed
Partnership deedPartnership deed
Partnership deed
 
Copyright disclaimer
Copyright disclaimerCopyright disclaimer
Copyright disclaimer
 
How to link a pan card with your aadhar
How to link a pan card with your aadharHow to link a pan card with your aadhar
How to link a pan card with your aadhar
 
Food business
Food businessFood business
Food business
 
Rcmc registration
Rcmc registrationRcmc registration
Rcmc registration
 
Rcmc registration
Rcmc registrationRcmc registration
Rcmc registration
 
Logo designing
Logo designing Logo designing
Logo designing
 
What is Shops & Establishment Act, 1953?
What is Shops & Establishment Act, 1953?What is Shops & Establishment Act, 1953?
What is Shops & Establishment Act, 1953?
 
Company incorporation in india
Company incorporation in indiaCompany incorporation in india
Company incorporation in india
 
What is patent register
What is patent registerWhat is patent register
What is patent register
 
Types of business licenses and certification in india
Types of business licenses and certification in indiaTypes of business licenses and certification in india
Types of business licenses and certification in india
 
Company Registration in India
Company Registration in IndiaCompany Registration in India
Company Registration in India
 

Recently uploaded

ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).pptENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
zechu97
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 

Recently uploaded (20)

ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).pptENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 

How to Write a Business Plan [Updated for 2019] - Vakilsearch

  • 1. How to prepare a business plan
  • 2. Introduction: • A business plan is a written document that describes in detail how a business is going to achieve its goals. • Business plans are important to allow a company to lay out its goals and attract investment. They are also a way for companies to keep themselves on track going forward. • Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved. • Sometimes, a new business plan is prepared for an established business that is moving in a new direction.
  • 3. Steps in business plan : • mission statement • business description • business environment analysis • SWOT analysis • industry background • competitor analysis • market analysis • marketing plan • operations plan • management summary • financial plan • attachments and milestones
  • 4. Mission statement • Mission statement help clarify what business you are in, your goals and your objectives. • It captures the essence of your business's goals and the philosophies underlying them. Business description: Business description is a detailed description of your business. It covers areas such as the type of your business, your business location, the products and services you are selling your customers, how you will make your customers want to buy from you, who your competition is, etc.
  • 5. Business environment analysis • Environmental analysis is a strategic tool. It is a process to identify all the external and internal elements, which can affect the organization's performance. Swot analysis: • The point of a SWOT analysis is to help you develop a strong business strategy by making sure you've considered all of your business's strengths and weaknesses, as well as the opportunities and threats it faces in the marketplace.
  • 6. Industry analysis: • An industry analysis is specific to the particular industry in which a business is currently operating or into which it plans to venture. It provides information from which a business owner can create a long-term strategy to minimize risks and take advantage of growth opportunities. Competitor analysis: • Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service. A competitive analysis is a critical part of your company marketing plan.
  • 7. Market analysis: • Marketing analysis is basically a business plan that presents information regarding the market in which you are operating in. Marketing plan • A marketing plan is a report that outlines your marketing strategy for the coming year, quarter or month. Operation plan: • operations plan section describes the physical necessities of your business's operation, such as your business's physical location, facilities, and equipment. • It may also include information about inventory requirements, suppliers, and a description of the manufacturing process.
  • 8. Management summary: • It basically describes the business structure, pointing out the individuals that are involved. • It gives vital information regarding the people that are responsible for the management of the company. Attachment for a business: • Cash flow statement. • Income statement. • Balance sheet. • Detailed financial projections. • Capital equipment list. • Resumes of key officers. • Letters of support, reference, or credibility.
  • 9. Financial plan: • Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Milestones: • The milestones should represent a clear sequence of events that incrementally build up until your project is complete • It sets the plan into practical, concrete terms, with real budgets, deadlines, and management responsibilities.
  • 10. Conclusion: • Thus, a Business plan serves as a road map that provides direction to the business. "... a good business plan can help to make a good business credible, understandable, and attractive to someone who is unfamiliar with the business. Writing a good business plan can’t guarantee success, but it can go a long way toward reducing the odds of failure." _ Eric S. Siegel, 'The Ernst & Young Business Plan Guide'