Starting a Business or doing a business without a Business Plan is like building a house without a plan. Those that operate their business without a business plan cannot grow in business. They cannot measure their success and progress. A Business plan is a written representation of where a company is going, how it will get to where it is going, how it will look like when it get there. A business plan is a roadmap to every business.
If a business fails in its first five years of establishment, it means the business did not have a business plan or the business plan was not duly follow.
Most business owners feel that business plan is to lure investors for fund for their business, many times; Business owners do the mistake of not following the business plan in their day to day running of the business. Understand that a business plan is NOT for the investor like bank to give you fund for the business, it is a blue print for your business; that is, how you want the business to go, the growth rate, what to be done per time to instigate the growth.
A Good Business Plan must contain the following:
- Company Description
- Description of Product/service
- Market and Business Environment Description
- Market Analysis and marketing plan
- Project expenses and financial forecasting
When writing a Business Plan to seek for fund, make sure your Executive Summary is very captivating and enticing. Because Business Executives will not have time to go through the whole write up, .The Executive Summary is what they will look at for, to take decision to fund your business;
Our team of Business Plan developers will get a business plan and financial statement plan that lure investors to your business and make you a success in your business.
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