Welcome to week 11: The Business Plan Part 1 – Your Business Proposition.
This is part one of three ( you can find part 2 and part 3 here), and we will continue to delve the how to make a business plan over the next few weeks!
Creating your business plan is arguably one of the most important parts of starting your own business.
It is a plan which is required to sell your idea to investors or banks, persuading them to fund you.
If you’ve been following these articles, all the information and work from the last 10 weeks can be put into use!
The complete how to write your business plan series (1 of 3)
Whether you’re pitching to investors or not, it is fantastic to have a strong, accurate and detailed business plan!
A business plan is what it says on the tin. A detailed report of everything about your business. From market research to financial forecasting (which will be covered in part 3), it will all be here.
There is a lot to cover in this article… but it’s all so important! The topics of this blog are:
- How to format your business plan
- Introduction to presenting your plan and tailoring it for different audiences
- Executive Summary
- Products and Services
- Market Research
- Competitor Analysis
For more related information regarding this topic, check out these articles:
Next weeks blog article (part 2) will contain how to create your pricing strategy, marketing & sales plan, operations plan.
The week after next (part 3) will be about financial forecasting (clearly a topic close to our heart)