Preparation of a business plan

After you have selected your entrepreneurial goals and determined your entrepreneurial motives, you have prepared or accumulated considerable strength in terms of funds, contacts, markets, and other aspects. At this time, it is necessary to propose a complete business plan, which is the soul of the entire entrepreneurial process. In this white-paper plan, it mainly details the content of all startups, including the types of entrepreneurship, capital planning, phase objectives, financial estimates, marketing strategies, possible risk assessment, and internal management.

Planning, growth planning, and so on, these are indispensable elements in the entrepreneurial process.

In some cases, a business plan not only allows entrepreneurs to clearly understand their own business content, but also helps them to persuade others. For example, entrepreneurs can use a business plan to persuade others to join a joint venture or share shares, or even raise a venture fund.

All content of the Business Plan

Start-up type: including the name of the start-up business, the type of the organization, the name of the start-up project or main product, which is the most basic content of the start-up business.

Capital Planning: refers to the source of funds for entrepreneurship, which should include the proportion of funds contributed by individuals and others, and bank loan renewals. This will affect the distribution of shares and dividends for the entire business. In addition, the proportion of the total amount of funds allocated for the entire entrepreneurial plan should also be clearly recorded. If you want to apply for a loan from a business plan, you should also describe the specific use of the loan.

Stage objective: it refers to the short-term, medium-term, and long-term objectives after the start of the business. It mainly aims to enable entrepreneurs to understand the possibility of career development and the goals of each stage.

Financial estimate: the estimated income and estimated expenditure should be detailed, and the Statement of the estimated business income and expenditure per year for the first three or five years after the establishment of the business should be listed, the main purpose of these estimates is to allow entrepreneurs to calculate profits and determine when the balance of payments can be achieved.

Marketing Strategy: Marketing Strategies include: Where do you know the service market or product market? Where are the sales methods and competitive conditions? The main purpose is to locate the target market.

Potential Risk Assessment: This project refers to the potential setbacks that entrepreneurs may suffer during the entrepreneurial process, such as changes in prosperity, strong competitors, and loss of source customers, these risks may even lead to entrepreneurial failures. Therefore, risk assessment may be an indispensable part of the business plan.

Others: motivation for starting a business, Register of Shareholders, number of employees, organization, management system, and future prospects.

A business plan is like a computer with powerful functions. It can help entrepreneurs record many entrepreneurial content and ideas, and help them plan the blueprint for success. If the entire business plan is detailed and clear, for entrepreneurs or partners involved in entrepreneurship, it may be better to reach consensus and concentrate, which helps entrepreneurs to move towards success.

Glossary:

Plan: a document describing enterprise development in an all-round way. It is one of the important conditions for enterprises to have good financing capabilities for small and medium-sized enterprises and achieve leapfrog development. A complete business plan is an indispensable document in the financing process of small and medium-sized enterprises. As a stepping stone of funds, a business plan is not only a key factor for successful financing of small and medium-sized enterprises, at the same time, it is also the case document for enterprises to sort out strategies, plan development, sum up experience, and excavator meetings.