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This video is for small business or entrepreneurs who are looking start their own business.
Business plans are required for a number of purposes and the most common of these are fund raising simply through VCs or Angels, banks, or for their own internal purposes.
A business plan will allow you to define what are your objectives are. They also allow you to determine how you are going to get that and whether or not those objectives are real.
So now, let us look of what is involved in structuring a business plan.
No two businesses are the same and therefore, no two businesses plans would be the same, however, now I am going to present to you a generic solution that may help you along the way to developing a business plan.
The sales and point of any business plan is the executive summary. This should outline what you are looking to achieve and how you are going to do it. With the money or the funds, they have available to you.
The next section should be about your costumers. Who are they, where are they from and what is their spending power?
And the third section should be about your competition, you should know everything there is to know about them. What are their price lists, what are their strengths, what are their weaknesses?
Next section should be about your supplies, who are they? What are their strengths? What are their weaknesses? On what reliance you need will you need to place upon them?
This section should be about the marketing. What is your sales channel, how are you going to reach those costumers, and do you have the funds and resources to be able to achieve this?
Next sections should be about your key staff, human resources. Who are your key staff? What skills do they got? What skills do not they have that you have to fill in with outsource activities?
Next section should be about your operations. What are your processes? Do you have to spend money, capital on implementing processes, or can this be outsourced?
The last section should be about financials. And this predominantly should focus on your forecast at least three, possibly five years ahead on cash low, bank sheet, profit and loss.
I also recommend that you refer to how the proceeds of any funds that you are looking to raise or going to spent.
Once you have put the business plan together, you will be a lot clearer about what your objectives are? How you are going to achieve them and whether or not this is Real Estate?
I should point out that business plan is never complete, it is totally dynamic. Everyday things are going to change, competitors will go, prices will go up, and you should keep this business plan updated as you go along. Receivers had many years of experience in helping young and early stage businesses, put in scale the business plans. We will be very happy to help you should you need it. Be it the financial aspects or the written narrative reports.
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