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Why is
to develop a business plan?
when you've chosen your entrepreneurial goals and your motivation to start a business, in the capital, connections, markets and other aspects of the conditions are ready or have accumulated considerable strength, this time, we must put forward a complete business plan, business plan is the soul of the entire entrepreneurial process, in this black and white plan, The main details of all entrepreneurial content, including the type of entrepreneurship, capital planning, stage objectives, financial projections, marketing strategies, possible risk assessment, internal management
planning ┅┅ and so on, in the process of entrepreneurship, these are indispensable elements.
at some point, in addition to allowing entrepreneurs to clearly understand their own entrepreneurial content, and firm entrepreneurial goals, but also can be used to convince others, for example, entrepreneurs can use the business plan to persuade others to joint ventures, shares, or even raise a venture fund.
The contents of
business plan should be prepared
types of entrepreneurship: including the name of the cause, business organization, entrepreneurship projects or major product names, etc., this is the most basic content of entrepreneurship.
Capital Planning: Capital means the source of the fund, which should include the proportion of personal and other contributions, bank loans and so on, which will affect the entire cause of shares and dividend distribution. In addition, the total amount of funds allocated to the overall business plan should also be clearly recorded, if you want to use the business plan to apply for loans, should also explain the specific purpose of the loan.
Stage Goal: The stage goal refers to the short-term goal, the medium term goal and the long-term goal after the undertaking, mainly lets the entrepreneur understand own career development possibility and each stage goal.
Financial projections: detailing estimated income and estimated expenditures, or even a breakdown of projected operating income and expenditure for each year in the first three or five years after the establishment of the business, the main purpose of these estimates is to allow the entrepreneur to calculate profits and to know when to make ends meet.
Marketing Strategy: Marketing strategy includes, understand the service market or product market where? Where are the sales methods and competitive conditions? The main purpose is to identify the target market positioning.
Possible risk assessment: This project refers to the process of entrepreneurship, entrepreneurs may suffer setbacks, such as: Boom changes, too strong competitors, the loss of customers, and so on, these risks for entrepreneurs, and even lead to the failure of entrepreneurship, so the risk assessment is an essential part of the business plan.
Other: Motivation for entrepreneurship, roster of shareholders, number of employees scheduled, business organization, management system, and future prospects, etc.
Business Plan is like a very powerful computer, it can help entrepreneurs to record many entrepreneurial content, entrepreneurial ideas, to help entrepreneurs plan the blueprint for success, and the entire business plan, if detailed and clear, for entrepreneurs or partners involved in entrepreneurship, perhaps more consensus, focus on strength, This is tantamount to helping entrepreneurs move towards success.
