How to write business plan


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Writing business plan is the issue which all businessman face. A business plan is road map of how you expect to succeed, to make decisions about what you should do and how you'll measure your success. Besides company's strategy is the thing that lenders such as banks use to decide if they will lend you money for your company or not. Plan development is necessary for defining your goals, mission, expected costs, marketing plan and exit strategy. It is a process that may vary, because there is no fixed content for a business plan. The structure is determined by its goals and audience. It is related with its purpose - is it a loan request, seeking finances for new venture or internal plan. For plan writing it is necessary to use a guide appropriate for your firm, branch and purposes. Here is a small guide that combines different tips and describes structures in general :
Executive Summary - First and perhaps the most important part of your plan's structure that expounds your goals, objectives and describes your strategy. The specific content will be highly dependent on the core purpose and target audience. Actually it can include: company information, brief description of project, amount and length of loan (amount of investment requested), future revenues, market opportunity, financial track records and so on. Can include summary of resources needed: staff, funds, facilities.
A brief description of company backgrounds - This section is interesting for lenders. Describe how you came up with the idea to start your business, history, current status. Your company's goals and mission statement. Explain in a few paragraphs your vision about company growth, who will be primary customers. Management Team - names, backgrounds of lead management team members and define their responsibilities. This business plan development stage is required to delegate responsibilities within team according to skills or to ensure lenders that business is in reliable hands. Marketing Plan - This stage is a description of the service or product you plan to offer. Here you need to expound how your product or service differs from everything else on the market, why it is better and market potential of your service or product. Pricing strategy, distribution strategy, promotion strategy. Operational Plan - This step outlines how you will serve your clients or produce products cost effectively. It can include Manufacturing/Deployment Plan (supply chain requirements, production inputs, facility requirements - size, layout, capacity, location, equipment requirements, warehousing needs for materials, finished goods and so on), Information/Communications Technology Plan (Electronic systems needed for operations and communications), Staffing Plan. Financial Plan - Key investors or owners, current financing, funding needs, funding plan, financial history and forecast.
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VIP Task Manager can be used as a guide (checklist) for detailed business plan structure observance. Effective team collaboration is a keystone of effective business and assurance of successful project performance. VIP Task Manager is Windows-based real-time client-server collaboration tool that will help you to manage your team properly. It allows you to plan, assign, report and track tasks, to manage personnel, to keep everyone informed, to manage appointments, company workflow, your business plans, projects and so on. VIP Task Manager features:
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