How to Create a Good Business Plan Before answering the questions above, it's a good idea to first understand what a business plan is.
A business plan or business plan is something that must be prepared before starting a business.
Why so? Because a business plan demonstrates someone's seriousness about running a business. A business that runs smoothly and without a business plan is expected to lose money.
Of course, you don't want your company to lose money, do you? As a result, begin developing a business plan right away!
I've summarized how to create a simple business plan that you can follow just for you.
What is a Business Plan?
A business plan, as the name suggests, is a printed document created by a business owner that contains the plan and main objectives of running the business, as well as the strategies to be implemented.
Everything in the business plan must be explained in detail and in a realistic manner. Because the business plan will later serve as a guideline for business owners in running their businesses.
Furthermore, the business plan must be clear and understandable to other people involved in the business, such as employees, business partners, and investors.
Creating a business plan, on the other hand, is not as simple as it sounds. Before making a decision, several factors must be considered, beginning with the purpose of running a business, the strategy to be implemented, and the factors to be considered when running a business. So, how do you go about creating a business plan?
How to Create a Business Plan
1. Doing research is essential before beginning to create a business plan
How to do research to make a business plan?
Before that, you need to make a list of questions for yourself as a business owner. Starting from: Why should consumers choose your product? Who is the target market and how do you market it? When is the right time to launch the product?
After finding the answers to the questions above, it means that you are ready to do market research on the product that you will sell. The goal is to create the right strategy in determining your business goals.
2. Define the Vision, Mission, and Business Goals
The second step in creating a business plan is to identify the vision, mission, and business goals. All three play an important role in determining the direction of the business you're running.
Furthermore, the vision, mission, and business goals serve as guidelines for everyone involved in your company, including employees, business partners, and investors.
Therefore, make sure you create a clear, realistic, and easy-to-understand vision, mission, and goals.
3. Create a Company Profile
Creating a company profile is an important step in developing a business plan. A company profile is a summary that includes introductions to various groups of companies.
A company profile typically includes the following information: the company's history, address, vision and mission, products offered, target market, and ownership of company resources.
So, it can be said that the company profile is the part that can'sell' your company or business name to potential investors and customers.
No wonder the company profile is often placed at the very top of a business plan proposal.
4. Record All Financial Transactions
One day, if you need a business plan to submit an investment to investors, financial transactions will be one thing that is needed.
This is so that investors can understand the cash flow of the business you are running and have more confidence in investing in your business.
5. Develop Marketing Strategy
Finally, the way to make a good business plan is to develop a marketing strategy and execution plan, including the concept of strategy, promotional channels, and the costs involved.
The most common example used by business people in developing a marketing strategy is using a SWOT (Strength, Weaknesses, Opportunities, Threat) strategy analysis.
One of the primary goals of anyone starting a business is to maximize profit. However, it is undeniable that in order to make a profit, business owners must first prepare capital.
Post a Comment
Post a Comment