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Business Plan - how to make it

Making a business plan helps you structure your new life as an entrepreneur or self-employed.

When you write a business plan, you will be forced to consider many start-up issues. The more of these issues you consider you can chose the best direction for your new life as an entrepreneur.

Download Business Plan

If you are going to start a small business or start as self-employed you do not need to write a big business plan. You can do with a mini-business plan that make you reflect on the 7 most important business questions.

You can download templates for writing business plan and budgets at this Download Center

Business Plan Structure

There are many different angles on how to structure and present a business plan. However all business plans cover the below issues.

This business plan has gathered the issues under the below 9 headlines:

1. Personal and Team Resources

Running a newly established company is a very personal thing, since its owner is typically the only one present in the company. Therefore, it is important to emphasize to yourself and others alike, that you do possess the capacity and resources necessary to run a business.

Learn more about Start-ups and what the business plan says about Personal Resources.

2. Your Product or Service

The product or service you offer is the lifeblood of your business. Thus, it is important to analyze its various aspects. Special attention should be placed on what customers demand from the product or service.

Dive deeper and read what the business plan says about Product or Service.

3. The Market Place for Your Product/Service

Before you are able to carry out any sort of sales or marketing action, you need to identify the market you wish to enter. A good marketing result requires thorough market knowledge and customer insight.

Get ahead by reading more about Start-ups and what the business plan reveals about Market Description.

4. Sales and Marketing

Sales and marketing are your tools to approach potential customers in order to raise an interest in your product or service. Whether to run local newspaper advertisements, direct mails, work out an online and social media solution, or attend international trade fairs, it’s entirely dependent on what you will sell and which type of customers you wish to focus on.

Get the edge you need by reading what the business plan says about Sales and Marketing.

5. Organizing and Legalizing Your Business

You must be able to describe the every-day activities of your company and also take into account the cost of managing and running your business.

Find out about Start-ups and what the business plan says about Organizing your Business.

6. Plans in the Future

It is hard to think 3 or 4 years into the future, especially before your small business is even up and running. However, it would be an advantage at this early stage to envision the outlines of an even bigger and more interesting company than the one you started out with.

Consider reading more about Start-ups and what the business plan says about Business Development.

7. Making Budgets

Budgets are all of the above topics described in monetary terms. The more specific the plans, the easier it becomes to work out budgets. Budgets will also contribute to the concretizing of the plans and it is ok to go back and change plans if the budgets prove them to be unrealistic.

Read about Start-ups and what the business plan says about Budgets.

8. Financing - Where to Find the Money

Financing merely asks: “How do I raise the funds I will need to start my own business?”

Find the answers by reading about Start-ups and what the business plan says about Financing.

9. Business Concept

A good idea is only a good business idea if you are able to make enough money from it for you to live independently. In most cases, once you have your idea, it will need adjusting and further development before it can become a commercial concept.
Go further by reading about Start-ups and what the business plan says about Business Concept.

9 Steps Business Plan

It is a dynamic process to start a business. All the steps interact with each other all the time. Writing a business plan is not a linier task. When you write about step 8 many of the former steps might already be obsolete.

Your new business must be dynamic but you do not have to re-write the business plan every day. Write the business plan one time and then learn to act cleverly on the changes that are constantly re-shaping the different steps in the business plan.

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Related articles:
Financing for start-ups
3 important budgets
Establishing budget
Operating budget
Cash budget
Business Plan
Other subjects:
Sales and marketing
Legalise your business
Administration in a company
Financing startup
Personal consideration
Social enterprise