Writing a Business Plan for Investors| Loan | Grant| Feasibility study writer
Writing a Business Plan for Investors| Loan | Grant. This is a free guide on Writing a Business Plan for Investors| Loan | Grant for any business. This free guide highlights; Writing a Business Plan for Investors| Loan | Grant, Why You Need a Business Plan for your Small Business, The Importance of Strategic Business Planning, Why I Wrote this Small Business Plan Guide, My Business Plan is Me, Who I Wrote this Business Plan Guide for and many others.
Writing a Business Plan for Investors| Loan | Grant has become a challenge for so many people. And as a result, they have mixed apple with oranges. This mess-up had ended a lot of people in losing or missing great opportunities in life.
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You cannot give out what you don’t have. Whosoever don’t want you to a get a business plan for your business is not an investor. Every investor wants to see profitable business, before investing in it. So, many businesses has failed because, they don’t have a plan. Most people we say; you don’t need a formal business plan to start or expand your business. This is not right. GET ONE TODAY.
Why You Need a Business Plan for your Small/medium/large Business
When you fail to plan, you are planning to fail. Writing your business plan is not the end of your business planning process because business planning is a never-ending process. However, it’s an important intermediate stage that give direction to your business future.
Similarly, if you are just starting a business/having a business ideal, having a well-written business plan shows that you have really done your homework very well. And if you are planning to expand an already established business, it demonstrates that you have carefully considered the pros, cons and odds; and focused on the development of the business development.
As a matter of facts, if you are risking your capital, time, resources and effort to start a business; then you certainly need a business plan to help you mitigate against the risk involved even before you start. If you are already a business owner but you started out without a business plan, then you definitely need to invest in getting a business plan for success; especially if you want to take your business to the next level in life.
Furthermore, if you would need to obtain financing from a third parties either now or in future, then a business plan is indispensable, as it sells your idea and elucidate the opportunities it presents anytime. It arranges strategic alliances, attracts key employees, boosts your confidence, and helps you remain focused always. From the table of contents to the financial tables, a business plan covers a lot of ground.
So importantly, a formal business plan is just as important for an established business, whether small or big, as it is for a startup. And it serves the following critical purposes:
- It provides a considered and logical framework within which your business can develop and pursue business strategies over the next few years.
- It helps you clarity, focus, and research the prospects of your proposed startup or expansion idea.
- It offers a benchmark against which you can measure and review the actual performance of your business.
- It serves as the basis for discussion with third parties such as creditors, investors, shareholders, agencies, etc. (This, of course, is the main reason why we are discussing business plan writing in this free guide).
Likewise, just as no two businesses are alike, so also are business plans today; some aspects of a plan will be more relevant to some businesses than to others. So, it is very important to tailor the contents of a business plan to suit individual circumstances whenever you write one. Nevertheless, most business plans follow a well-tried and tested structure, and general advice on preparing a business plan in other for it to be accepted generally.
In a similar case, your business plan should be realistic in view of your expectations physically, and your long-term objectives for your startup of your business should also be real. Your present plans in writing your business now, will determine whether the business will succeed or fail.
As a matter of facts, for you and other entrepreneurs seeking third-party support, the business plan is the most important sales document that you will need to raise finance for your startup or small business. Although preparing a solid, comprehensive business plan will not guarantee success in raising funds or mobilizing support for your business, lacking one or unqualified write-up will always result in failure.
Importance of Strategic Business Planning
In addition, writing a business plan is no doubt a hard task for most people. But it’s very essential, and it comes with lots of long-term benefits. The planning process forces you to understand more clearly what you want to achieve as well as how and when to take each step towards achieving every dam it in it.
Most time, some will say, ‘I don’t even need financial support from third-parties for my business. This is more than that, a business plan can play a vital role on helping you avoid mistakes or recognize hidden opportunities and challenges. Of course, it is much easier to fold a sheet of paper than it is to fold a business. Think before you leap.
Your business executive summary is a pointer to all that is contained in your business plans. So you need to be very careful with this part. One important question will be; “how can I make my executive summary stand out”? What are the most important details to include in the different sections of your plan? How do I present financial projections? Concentrate on this questions to get a detail answers to them.
Why I Wrote this Small Business Plan Guide
In like manner over the years, I have met different individuals with brilliant business ideas roughly sketched on paper. But when I asked these individuals of their business plan, the usual reply I get from them is this:
- I don’t know how to write a business plan
- I don’t have money to hire a business consultant to write a plan for me
- I don’t have time to write a business plan now, maybe some other time
By the same token, if you have ever bore any of the thoughts above in your mind, then you are the reason while I wrote this free guide. In addition, I want to take the stress of writing a business plan away from you and most importantly, I want to teach you how to write your own personal business plan without hiring anyone. This is the sole reason why I wrote this free guide.
General speaking, yes, the reason I called it a personal business plan is because a business plan should be personal. A business plan should not just be a file or document, it should be your dream in written form. In fact, I advocate that you write your business plan yourself; so that it will be engraved in your heart.
My Business Plan is mine
As shown above, and using myself as an instance, if you wake me up in the dead of the night, or you happen to run into me in a restaurant or fast food outlet and you ask me about my business; I will tell you everything you need to know about it. In fact, I don’t need to look into a book or tablet to do a business plan presentation to investors or lenders; I will just talk off-hand without memorizing or rehearsing anything. Why?
All things been considered, the major reason is because I wrote the business plan myself. Yea, I may work with an accountant or attorney to get the technical facts I need but the bulk work will be done by me. This is the level I want you to aspire to, especially if you are just starting your first business.
Who I Wrote this Business Plan Guide for
The major reasons, I wrote this free guide, is for individuals who are:
- Entrepreneurs who are just starting out in business and want to write their own business plan
- Established business owners who want to expand their businesses and need a business plan
- Those seeking funds (grants, loans or equity) to finance their business project
- Some Tools You Need to Write a Business Plan
Some Tools You Need to Write a Business Plan any time are;
- A Pen
- A book
- A laptop or desktop computer or tablet
- Microsoft Excel spreadsheet
- Electronic calculator
- Pre-made business plan templates
- A business plan software
Steps in writing a business plan
The following are Steps involve in writing a standard business plan and a feasibility study. The cover letter, title page, table of contents, and executive summary make up the opening section of your business plan. This section is the last thing you will work on, but it is the first thing anyone looking at your business plan will see. And because it can make or mar your fund-raising quest, it is very important to use it to create a good first impression in the reader’s mind. Now, let’s discuss each component of the opening section in more detail, giving tips on how best to craft each.
Step 1; The Business Plan Cover Letter – The cover letter serves the same purpose as it does when you submit one along with a resume as a job candidate; it introduces your business plan to the reader. Because your goal is to market your idea to prospective investors, creditors, partners, employees, and other stakeholders, all the parts of your plan must appeal to the reader. Here are the elements that you need to include in the cover letter:
- Address of recipient
- Your address
- Salutation (you must include a specific name as in, “Dear Mrs Jane.”)
- Body (state clearly that you are submitting a business plan for your business, which you can describe in one sentence; state clearly that you are seeking financial support for your business idea. Tell the reader what to expect in the following pages, and express your eagerness to hear back from them. Don’t forget to add your contact details)
- The Business Plan Title Page
Remember, you will never get a second chance to make a first impression. So, you certainly don’t want to overdo this aspect. Since nobody will blame you for simplicity, stick with that option; which means you should avoid bright or contrasting colors and unnecessary fancy borders. The following are what to include on your title page:
Your business logo (if you have one)
The name of your business
The words “Business Plan”
Step 2; Understanding the Basics of Writing a Business Plan
Step 3: Understanding the Difference between Feasibility Study Report and Business Plan – Most people intertwine a business plan with a feasibility study report, but they are definitely not the same. This chapter will help you understand the difference between the two and their specific role in the business planning process.
Step 4: Understanding the Difference between a Business Plan and a Strategic Plan – Is a strategic plan the same with a business plan? The answer is YES and NO; depending on the perspective you are looking at it. This chapter will highlight the differences.
Step 5: The Basic Components of a Business Plan – In this chapter, you will learn the fundamental factors that make up a business plan. Without these factors, your business plan will not achieve its purpose.
Step 6; Preparing Yourself for the Business Planning Process – This chapter teaches you in detail how to get in the right mindset, prepare your business plan cover letter, and write your title page and table of content. You will also learn about the various tools you need to write faster and accurately.
Step 7: Steps to Writing a Business Plan – You don’t just write a business plan anyhow, there are laid down steps to follow so that your business plan will have a professional look and flow. This chapter will teach how to structure your business plan.
Step 8; How to Write a Business Plan Executive summary A Business plan executive summary is the most important section of a business plan because it is the first thing an investor sees. This chapter will reveal you the basic necessities and data that must make up your business plan executive summary.
Step 9: Writing your Company’s Profile – This chapter covers everything you need to know about writing your bio, your business team’s profile, business goals and objectives, core values, mission and vision statement.
Step 10: You’re Industry Analysis – This chapter covers everything you need to know about competition analysis, market size and target audience, market forces and trends, environment analysis and risk assessment.
Step 11: Writing a Marketing Plan – This chapter discusses practical steps on how to devise your marketing strategy, identify your customers demography and psychograph, draw your advertising and promotional plan, your sales distribution plan, etc.
Step 12: Developing an Operations Plan – This chapter teaches how to prepare an operations plan and also describe your production process. You will also learn how to conduct a manpower analysis.
Step 13: Planning your Business Growth Strategy – In this chapter, you will learn how to devise your short and long-term business growth strategy. This is important because investors want to know your long-term expansion plans and where your company will be in the next five to ten years.
Step 14; Your Financial Plan and Projections – In this section, you will learn the basic documents that make up a financial statement. You will also learn how to prepare a financial plan, estimate your sales projections, estimate your expenses and arrange them in a spreadsheet.
Step 15; Your Business Exit Strategy – You are not going to die with your business; neither are your investors. This is why you need to prepare an exit plan not just for yourself but also for your investors.
Step 16: How to Present a Business Plan with PowerPoint; your power point presentation should not be more than 12 slide. Use bullet to highlight important point.
CONTENT OF A BUSINESS PLAN
- Estimates of income and expenditure
- Period of plan –
- Estimates of procurement and sales
- Product, market and crop wise sale projections, as well as Well-defined Marketing strategy
- Carefully worked out pricing system including sales incentives, credit and off-season rebates etc
- Need based sales promotion strategy
- Projected cash flow
- Estimates of financial requirements and credit needs if necessary
- Projected sources of credit and cost of credit
- Logistics planning including cost of storage, inventory holding and transportation
- Manpower requirements and costing
- Estimates of sales and income tax
- Estimates of gross and net financial returns
- Estimates of loss and profit
- Risk factors and proposed safety Measures
- Several business plans include a financial section or a feasibility study, which shows how you’ll fund all the sector of the business. It also shows the revenue you expect to generate at the long run. To understand and value a company, investors have to look at its financial position/breakeven analysis properly/critically. Fortunately, this is not as difficult as it sounds. You can get one today. Just apply for one HERE
- An adequate knowledge of the business you which to start-up
- An adequate knowledge of the Products you which to sell
- An adequate knowledge of your Customers and their needs
- Analyze the market opportunities
- Research and select target markets
- Develop competitive marketing strategies
- Develop a sales promotion campaign
- Implement the marketing program
- Control the marketing effort
- Get a list of topics/heading in a professional business plans and a feasibility study.
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