For women but not just for women: They recognize the growing importance and numbers of women in the workplace and want to stimulate the development of products and services that have a big impact on women and families. Could that be your big idea?
You may need to tailor your plan to the target audience You may want the plan to 'sell' the business. For example, to your bank manager or investors.
Specific issues such as the directors' personal track records may need to be addressed. Ask the intended recipient first.
Content of a business plan Base the plan on detailed information where possible. But do not include all the detail in the plan. Leave the detail for operational or marketing plans.
Keep the plan short Focus on what the reader needs to know. Cut out any waffle. Make sure there are no spelling mistakes. Detailed business plans are often quickly shelved, because they are difficult to use on an ongoing basis.
Include any detailed information you need in an appendix For example, you might want: Base your business plan on reality, or it may be counterproductive Over-optimistic sales forecasts can lead to increased overheads followed by a cash flow crisis and drastic cost cutting, all of which can seriously damage morale.
Be realistic, even if you are selling the business to a third party. Financiers, business partners and employees will see through over-optimistic plans that ignore weaknesses or threats. Management credibility can be damaged. Make the plan professional Put a cover on it. Include a contents page, with page and section numbering.
Start with an executive summary. This summarises the key points, starting with the purpose of the business plan. Use charts, if helpful.
Even if the plan is for internal use only, write it as if it were aimed at an outsider Include company or product literature as an appendix. Give details about the history and current status of the business.
Review the plan Read through the plan from your target reader's point of view.This business plan will show how a total investment of only $, could yield cumulative net profits in excess of $, over a five-year period, and average monthly sales of $72,, while maintaining adequate levels of liquidity.
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leslutinsduphoenix.com has been discontinued as of October 31, We are no longer accepting new user registrations. We are still committed to protecting our users' . Mar 14, · Have a well-thought-out business plan on-hand to share, so investors can read more if they’d like to.
The intention, after all, is that you deliver a powerful pitch, and by the end, their hands are out asking for either your executive summary or your complete business plan/5(45). A business plan, as all good entrepreneurs starting out in life should know, is the foundation, or rather a springboard, towards the establishment and growth of a new business.
A business plan is an essential tool for companies raising capital – and your business plan needs to be Investor Ready.