How to Write a Business Plan
A business plan communicates the detailed operation of a given business. It is a business projection that shows the business planning in details. A business plan does not only communicate how the business will be set up, but it also shows how the business will be run. The following are the core parts of a business plan:
Business Plan Summary:
This section gives general overview of the business. It contains all the sections like an executive summary.
Business Plan Description:
This sections details the business plan vision and mission, the business goals and objectives, the key to success, and other important details that describe the business.
Business Plan Environment Analysis:
This section details the industrial background, the competitive analysis including the direct and indirect competitors, competitive edge, and the potential competitors. The environmental Analysis also includes a details business plan PESTEL analysis.
Business Plan Market Analysis:
This section analyze the overall market situation. It includes a SWOT Analysis, Porters Five Forces, and other analytical tools that gives a situation of the market.
Business Plan Customer Profile:
This sections analyzes the characters of the customer
The marketing plan details the overall marketing strategies that will be used by the business. This includes the marketing objectives, marketing strategies, and the marketing mix (4P’s).
The operation plan gives the general operational overview. this includes the operations department, hours of opening and closing, and others.
The organization plan include details about management plan, staffing plan, and other human resource needs of the organization
The financial plan gives the financial projections of the business. This includes the financial statements, cash flow statemented, income statement, balance sheet, break-even analysis, and others.
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