Let start with a simple question and maybe the most important one for today’s fast-growing entrepreneurial world! What is the most important thing required to start a new Business? Some of you might say, it’s the brand name, product, target market, people to run the business, etc. But let me give you a more simplified yet the most important area.
It’s the BUSINESS PLAN. A document that describes everything right from the business objective you are willing to achieve, the methods to achieve your goals, and your entire vision consolidated into one single place. So you might have a question, What does a Business Plan look like, how can you make one for your business idea, what will be the content into the same, what should be the ideal length, who will write it, and many others.
Well, take a deep breath – here are all of these areas and guide you with an ideal business plan outline that is followed by a professional business plan writer. This is not to get you all bored with a lengthy explanation of each of the items but to rather keep it simple and give you the crucks of the Business Plan outline. So let’s get started, follow along to get the insights, and drive growth for your business.
1. Executive Summary – Business Overview and Objectives
This is basically the introduction of your company to an external audience. It mainly contains your vision statement, what objective you are trying to achieve, and the result from the same.
2. Competitor Analysis coupled with Opportunity & Growth Areas
Well, all good with the introduction, but you have to be open to speak about your current competitor. This section contains a unique methodology to analyse your business, it’s called SWOT Analysis (Strength, Weakness, Opportunities, and Threat). You might have very well understood the meaning of each from the name itself, so let’s move forward.
3. Execution Roadmap
Now once you have got it all buttoned up, it’s time to get to an important part i.e., The Execution Roadmap. Here you portray the on-ground reality of how you are planning to achieve the defined vision. Also, in this section, you plan about your needs of physical location, inventory requirement, list of suppliers, product or services you are willing to offer, and similar things as per the business domain.
4. Sales and Marketing Strategy
Like the good old saying – Customer is the King for any business. So, you need them the most and this section highlights the plan on how Sales and Marketing function will be centred, what are the areas or locations to pitch and gain customer, what promotional activities will be needed, and so on.
Now, these are the 2 areas crucial for any business.
5. Management Team
The names and expertise of all the decision-makers or C-level executives. It will also include investors and lenders. This section will outline the skill set, experience, and industry expertise required from people to run your business successfully.
6. Financial Analysis & Projection
A forecast for the financial position of the company. Here, the emphasis is more on the current financial stability of the company, forecast of sales, and requirement of funds to run the business in the near short and long term.
So what are you waiting for? You now have everything to get started. Use this business plan outline to start your business plan. If this is too overwhelming, don’t worry, there is help available! Consider hiring a business plan writer or business plan consultant. Adept Business Plans Inc. is a Vancouver-based business plan writing service provider that has been helping startups, small businesses, and immigration consultants with professional business plan writing. Get in touch to find out more about professional business plan writer cost and services.