creating a business plan – Page 7 – Business Plan Template

5 Steps for Composing a Business Plan

Below are 5 steps for composing a successful business plan.

1. Make an Outline

Start with a standard template for a business plan. There should be 10 parts to this plan in this exact order: A. Executive Summary, B. Company Analysis, C. Industry Analysis, D. Customer Analysis, E. Competitive Analysis, F. Marketing Plan, G. Operations Plan, H. Management Team, I. Financial Plan and J. Appendix. Take what you know about each category and write it in the appropriate area. Never …

You Must Answer Three Important Questions to Raise Capital

When you’re trying to raise capital from investors, you’ll need to address and answer three important questions in your business plan.

How much capital is necessary?
Never resort to tossing out a random figure. Instead, your business plan should specify precise, realistic dollar amounts. Plan ahead for altering your business operations if necessary, depending on how much funding you actually raise. A lot of potential investors will want to know your plans if you receive less capital than you’re requesting. …

5 Important Features of a Successful Business Plan

If you are in need of financing, you need remember the following 5 important features of a successful business plan:

1. Report your excellent track record.
Investors understand that an excellent indication of a company’ success in the future is how much success its executives and the company have had in the past. If the company has had financial backing in the past, it is wise to show how you handled this capital, used it to help your company grow, …

How Long Should Your Business Plan Be?

One absolute necessity if you’re trying to raise capital for your business is a well written business plan. One thing that a lot of entrepreneurs ask is how long their business plan should be. While there are no hard and fast rules about this, a business plan should be no longer than it has to be to get prospective investors interested. At the same time, it also needs to be no shorter than it needs to be to lay out …

How to Create a Persuasive Business Plan

A solid business plan takes more than a great idea; it needs solid data to convince investors. This may not be what you want to hear as a creative entrepreneur. However, as a businessperson, you should also have the ability to do the research you need to back up your ideas and show investors that yours is a business which is well worth backing.

Click here to learn how to write great business plan!

There are three major points which …