Business Administration

How to make a business plan

Develop a business plan is not a simple task that can be made from time to time, but a job that requires time and dedication, since it has several parts and requires a wealth of information, soliendo be necessary development of one or more research to know all aspects of the project or future business.

However, developing a business plan is not complex, but is something everyone can do as long as they know the steps, and know your project or business.

It is recommended to start by making a simple, basic plan, and gradually going deeper into the development of the parts as to be getting more information, and according to the needs or objectives of the plan, or persons who shall be addressed .

For example, if the main objective of the plan is to evaluate the feasibility of launching a new product, we could give greater importance to market research. Or if the main objective of the plan is submitted to financial institutions or investors, would give greater importance to the financial evaluation.

Let’s look at how to make a business plan, through the development of each of its parts:

1. Cover and table of contents

The cover is the first thing the reader will see the business plan, so we must be sure to make a good first impression. It should look professional and include the name of project or business, the name of the author or authors of the plan, and company logo.

The table of contents or index page is the following business plan. This will allow the reader to know what you find in the plan, and allow you to quickly find the part you want to read.

2. Executive Summary

The executive summary is a summary of the most important of the other parts of the business plan, so it should be placed at the beginning of this, but be prepared after the completion of other parties.

It should include basic business data, business description, distinguishing features, competitive advantages, the rationale for the proposed business, business objectives, major strategies, the team, the investment required, and business profitability.

To see in detail the development of this section will revisit the article: Business plan: executive summary.

3. Business Definition

The definition of business is business description and aspects related to it.

This should include basic data of the business, and business description of the goods or services to offer differentiating features, the target audience, the reasons for the proposed business, business objectives, and strategies for achieving those objectives.

To see in detail the development of this section will revisit the article: Business plan: the definition of the business.

4. Market research

The market consists of a description of the results obtained when doing market research.

This should include analysis of the sector or industry, demand analysis and target audience, demand forecasting or sales, analysis of the tender or competition, and marketing analysis or marketing plan.

To see in detail the development of this section will revisit the article: business plan: market research.

5. Technical Study

The technical or operational plan describes the physical requirements of the business, as well as operate.

This should include the physical requirements necessary to operate the business, the business process description, description of local production capacity, and plant layout.

To see in detail the development of this section will revisit the article: Business plan: the technical study.

6. The organization

The organization describes the organization of business and how they relate to each other the various organizational units that comprise it.

This should include the legal structure, organizational structure, positions and functions, the requirement of staff, staff costs, information systems, and profile management.

To see in detail the development of this section will revisit the article: Business plan: organization.

7. The study of investment and financing

The study of investment and financing points to the investment structure, and describes the issues related to financing.

This must include the required fixed investment, intangible assets, working capital, total investment required, the structure of financing, and financial sources.

To see in detail the development of this section will revisit the article: Business plan: the study of investment and financing.

8. The study of income and expenses

The study of income and expenditures indicates future business income and expenses for the period of time that is projected business plan.

This should include estimates of revenue and expenditures, the balance point, the projected cash flow, the state projected profit and loss and balance sheet projections.

To see in detail the development of this section will revisit the article: Business plan: the study of income and expenditures.

9. The project evaluation

The assessment describes the development of the project financial evaluation carried out the project.

This must include the payback period of investment and the results of the profitability indicators used.

To see in detail the development of this section will revisit the article: Business plan: evaluation of the project.

10. Plan of action

The action plan describes the program or schedule of major activities to be undertaken in implementing the business plan.

This should include the main activities in the implementation of the business, responsible for each of these, and the dates of commencement and the time they will have.

11. Conclusions and recommendations

The findings and recommendations point to the conclusions that have been made in developing the business plan, and recommendations are provided, following each conclusions.

12. Annexes

The annexes or attachments are documents that provide additional information to the reader, which are included at the end of the business plan in order not to overburden the main part of the plan, and finish reading it difficult.

Business Administration

How to make a business plan

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