Writting a Business Plan
After you have made the preliminary decisions, you can start preparing a business plan. There is no such thing as an all-purpose business plan. You should write your business plan according to the unique factors and conditions of your enterprise. The business plan has four main components: the marketing plan, the technical plan, the organizational plan and the financial plan.
The following guidelines may help you in writing your business plan:
1. State your objectives. This section, which precedes all business plans, tells your reader who you are, what your business goals are, and when you expect these goals to be accomplished. If your business has a track record of say, three years, then you can approach a bank and indicate how much you want to borrow and what you plan to do with the funds.
2. Describe the business. This section gives background information on your business and how it is currently doing. For a new business - Instead of a brief history, explain what the business will be, how the idea for your business was conceived, and how the business is expected to develop.
For an existing business - Provide the following information: business name, date and place of registration, date when operations began, brief history of the business, names of owners, partners or major investors.
Writing a Business Plan
The following guidelines may help you in writing your business plan:
1. State your objectives. This section, which precedes all business plans, tells your reader who you are, what your business goals are, and when you expect these goals to be accomplished. If your business has a track record of say, three years, then you can approach a bank and indicate how much you want to borrow and what you plan to do with the funds.
2. Describe the business. This section gives background information on your business and how it is currently doing. For a new business - Instead of a brief history, explain what the business will be, how the idea for your business was conceived, and how the business is expected to develop.
For an existing business - Provide the following information: business name, date and place of registration, date when operations began, brief history of the business, names of owners, partners or major investors.
Writing a Business Plan
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