You will want to describe your business concept, competitive advantage, legal structure e. This section should briefly but clearly describe what your business is all about. This segment should include the following elements. This section should give readers a very brief overview of your business — where you've been, where you are now, and where you're going in the future.
Describe the activities you will use to promote and sell your product or service. You should touch on each of the "four Ps" of the marketing mix:. Your marketing strategy should also include information about your budget — how much money have you budgeted for marketing and sales costs? You may also want to include a profile of your "ideal customers". You can create profiles based on customer type — consumers, retailers, or wholesalers — or base your segments on demographic information such as age, location, and income level.
Keep in mind that solid market research is the backbone of an effective marketing strategy. Your business plan should outline your current operational requirements as well as your projected requirements for the next 3 to 5 years.
Your inventory management and accounting systems should have the ability to produce up-to-date reports. Conducting a SWOT analysis is an important part of business planning. A properly prepared SWOT analysis shows investors that you have realistically and objectively considered these elements. Banks and other lenders understand that businesses will encounter difficulties at some point, and want to know how you will deal with these challenges.
Remember that overestimating strengths and opportunities or ignoring potential problems will undermine your credibility. This section addresses how you plan to manage your employees and human resources processes. You should also discuss your short-term and long-term plans for employee recruitment, training, and retention.
If appropriate, discuss any advisors, mentors, consultants that offer you support. Don't underestimate the importance of this part of your plan.
Investors need to know that you and your employees have the necessary balance of skills, drive and experience to enable your business to succeed.
It is also advisable to outline any recruitment or training plans, including timelines and costs. In this section you should discuss ways in which your business honours ethical values and respects people, your community, and the environment. Effectively using information technology is an important part of managing a business.
In this section, you should outline how you plan to use internet technologies to reach customers, manage your business, and reduce costs. That will never happen with Optimus Business Plans. With Optimus, you know you are getting a fully-customized document that will showcase the best aspects of your business model. All of our business plan development clients get six months of free, unlimited revisions and editing. We believe that once you are a client of ours, you are a client for a lifetime.
So, we provide this unique service when most others in the business plan industry would charge additional fees. The estimated timeframe for a typical project can vary depending on your needs. A rush can be executed upon request in many situations.
Contact us directly for a price and timeframe quote. Having the right research to support your concept is essential when presenting a business plan to achieve funding.
At Optimus, our suite of tools includes research databases such as IBISWorld and The Brandow Company so that we can include the best data available in your business plan. Business Plan Development Our Business Plan Writing and Development Process We write every business plan from scratch so that we capture the unique aspects of your business fully.
If you have a killer idea for a startup, but lack the time, resources and budget to develop a business plan, a business plan-generating app can help you get your plan on paper and, ideally, off.
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A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a . There are sample business plans everywhere, you just have to know where to look.