What does a business plan consist of?
Here are some sections to include in a business plan:
- Executive summary
- Company description
- Market analysis
- Organization and management details
- Products and services
- Marketing and Sales
- Financial projections
- Funding request
What is the difference between a marketing plan and a business plan?
Business and marketing plans are essential for the growth of the business. You can organize your business activities with the help of these plans. So let’s understand the difference between a business plan vs. a marketing plan:
A business plan is a collective perspective of the business. The plan includes finances, staff, location, marketing, and other information related to your business. Furthermore, it includes your business’ goals and missions. You can utilize the business plan to attract shareholders or lenders as it includes descriptive information about your business.
The marketing plan is an essential part of the business plan. You need to include research and other features about your marketing campaigns. Make a complete and detailed marketing plan separately and add a summary in your business plan with goals, tactics, and objectives. You will find information such as advertising and sales department.
Why is a business plan important?
You need to write a well-written business plan because it will motivate you and your management to stay on track and progress towards business growth. When you start a new business, design and create a business plan first. This way, you can attract lenders and investors. By creating a professional and descriptive business plan, you can analyze if your business is on the right path. This helps you determine if you are using your investment properly or not. Here are some of the reasons you may need a business plan:
- Make critical decisions
- Avoid huge mistakes and lower the risks
- Prove that your business is viable
- It helps you to iron out the kinks.
- You can set better benchmarks and objectives.
- Communicate your benchmarks and objectives to others.
- With a business plan, you can understand your business with wider perspectives.
- It helps you to secure your finances.
You can guide your service providers about your business.
What are the purposes of writing a business plan before entering the market?
To plan a business, you need to follow some guidelines and write a professional business plan. Here is a list of effective key points you can follow to write a presentable business plan:
- First, write an executive summary. These sections will include all the important parts of your plan. You need to create an interesting executive summary so the reader understands the plan’s effectiveness.
- Describing the business model in your plan.
- Understand the market conditions.
- Explain the product or service you offer.
- List down all management and operational roles.
- Construct marketing and sales techniques and strategies.
- You can elaborate your financial plan by adding revenue projections, funding, and business costs.
- Finally, add an appendix and summarize all that you include in your business plan.
Many entrepreneurs ask questions about how they should conduct market research for a business plan. This isn’t an arduous task if you know what you want. To perform market research, follow these steps:
- Begin your market research by identifying the target market. If you are unaware of the market, you cannot gain engagement from the audience.
- Talk to potential customers to learn what they think about your product or service
- Find out how big your market is, as well as the top competitors
Once you complete market research, document your findings.
What must an entrepreneur do after creating a business plan?
A business plan for a new business is the road map to start the business the right way. A business plan helps determine short and long-term objectives. You can compute expenditure, product units, and the costs necessary to begin your business the right way.
After creating a business plan, you can recognize your customers’ needs. This way, you can promote your business via social media and target audiences. It helps you focus on business goals completely. Once you create a business plan, you can easily support the business. Furthermore, you need reliable staff and team members to perform business tasks with efficiency.
What is a business plan?
A business plan works as a documented strategy for the business. You should write a business plan to highlight your plans and goals. Business plans are a tool to secure your financing and investors for a business. It includes your business purpose, market research, mission, financial projections, and go-to-market strategy. It includes crucial details of the company. Here is some of the information that it should include:
- The structure of the business
- Vision on selling your product
- What to produce and sell?
- Financial information
- What would be the funding?
You can succeed as an entrepreneur with a well-organized business plan. Here are some of the reasons why you should write a business plan:
- Determine if your business can make a good profit.
- Help lenders and investors understand the potential of your business.
- Generate an effective marketing plan
- Solve the problems before disasters
- Understand the competition in the marketplace.
- Estimate the start-up cost and what you want to finance or invest in
Define the revenue estimates and your customers.
What is a business continuity plan?
business continuity plan contains all the information necessary to help you run the business after a crisis or incident. When drafting a complete business plan, make sure to include a business continuity plan. The nature of your business will define the complexity and size of your business continuity plan. Here are some sections that your business continuity plan will include:
- Distribution list
- Executive summary
A business continuity plan will work as:
- A recovery plan
- A risk management plan. It also includes business impact analysis
- An incident response plan. Along with that, it comprises an emergency contact list, incident response team, plan activation, communications.
- A test, estimation, and update schedule
A disaster recovery plan and a business continuity plan relate to the business’s disaster preparedness. They help with the response, prevention, or both. But a widespread business continuity plan contains plans to recover from a disaster. This would be the master plan encompassing the company’s disaster mitigation, prevention, and response strategies. Also, it includes recovery protocols. When creating an effective business continuity plan, you need to address how your business will recover from different disasters.
Business continuity will work as the first defense against disasters affecting your business functions. Every organization should work on disaster recovery, especially when the business relies on essential data. On the other hand, disaster recovery is a small section that falls under business continuity. To protect the business thoroughly, it is essential to work on both plans. A continuity plan is less preventive than disaster recovery techniques. Nevertheless, a continuity plan helps maintain smooth business operations.
What are the payment terms?
You need to pay half the amount and advance payment at the time you place an order. You can pay the rest once you receive the business plan.
How long does writing a business plan take?
The duration of writing a business plan depends on many factors. These factors include:
Type of Business
While writing a business plan, a professional writer will consider all the essential details that they think your business plan should include. The first thing that they will consider is your business type.’ For instance, is it a franchise, non-government organization, or some other business?
The duration to write a business plan also depends on how many sections you need to add to your plan. A business plan writer will ask essential questions. Using answers to the questions, they decide the sections and size of your business plan.
Is it a Small or Large Business?
If you are starting a small business and looking to secure minimal funding, you need a smaller business plan with a few pages and sections. On the other hand, a large business will add more sections comparatively. Hence, a professional writer will consider your business size before they estimate the time necessary to draft a business plan.
Reasons to Make a Business Plan
Your reason to write a business plan will also define how lengthy your business plan will be. Business plans include different templates and sections. You need to highlight the reason for your business plan while sharing other information. Your purpose for needing a business plan will also help the writer create an accurate and effective plan.
For what countries you write business plans?
We write business plans for all English-speaking countries.
For what types of entrepreneurship you write business plans?
We can write a business plan for all types of business. Here are some examples for your reference:
- Nonprofit Organization
- Small business
- Large business
How do investors read a business plan, and what do they look for?
If you’re looking up how to write a business plan for investors, make sure it includes complete details about the business. Investors will require proper funding information so they can make an informed investment decision. Explaining to them how you will make profits gives them an insight into your business growth. Provide them with enough information so they can predict a business’s future and see opportunities for return on investment. The investors will be looking for:
- Your executive summary
- Capabilities of your management team
- Your financials
The business plan does not include complete information about your business. But it includes all the important sections that your investors have a vested interest in. Your business plan should be about 20 pages on average. Business plan for investors must include:
- Executive Summary
- Investment Opportunity
- Team Overview
- Market Opportunity
- Company Synopsis
- Revenue Model
- Traction/Company Milestones
- Industry Analysis
- Differentiating Factors
- Target Audience
- Marketing Strategies
- Future Growth and Development
- Financial Overview
What are the benefits of a Business Plan?
The benefits of creating a business plan include:
- Plotting the future of your business,
- Determining the progress of your business depending on the time frame,
- Calculating how to achieve your business goals.
- Directing your business in the right direction.
- Attracting qualified staff
- Accessing success by setting and following the target
- Identifying the problems and solving them initially.
- Increasing the staff’s focus toward the same goals.
- Helping you in making a good and effective action plan.
Furthermore, a well-written business plan will help you include facts and figures in your business proposal. You should review and update the content regularly. When your plan is up-to-date, you successfully engage new investors and grow your business accordingly.
Do I need to hire a professional’s help to write a business plan?
A business plan works as the road map to the success of your business and achieving your goals. So why you are writing one, you need to ensure that it is well-written. You need to be creative and technical while writing the plan, which can be an arduous task for you and your staff with no experience. Instead of writing alone, you can hire a professional who can help write a business plan. Here are some reasons why you need a professional writer for your business:
- They will perform effective market research with up-to-date facts and figures.
- They have an amazing set of skills in writing a good plan for small and large businesses.
- They will work along with your team and find the best strategies for your business growth.
- They know how to make financial projections.
- Write a plan attracting the target audience.
- They will write a business plan within the deadline because they already have experience performing all the tasks.
- You can focus on other business activities and handling the task to the writer.
The business plan will engage your partners, team, angel investors, banks, landlords, venture capitalists, and your audience. Before hiring a business plan writer, you should check their experience, capabilities, and skills. Choosing a good writer will help you a lot in your business growth.
What is an Executive Summary?
An overview summary will give an overview of your business plan and highlight the essential part of your business plan. Executives and investors usually have a busy schedule, so they won’t even read the complete business plan. Adding a good general outline will decide whether the audience has an interest in your business or not. That is why your executive summary must be precise and engaging.
When you start a business, you need to convince venture capitalists, angel investors, and banks. You should provide the startup capital as equity or debt financing. You can make an ideal summary by collecting important parts of your business plan. An executive summary will include these sections:
- The business opportunity
- The target market
- The competition
- Marketing and sales strategy
- Financial analysis
What is a Mission Statement?
A mission statement will explain the purpose of your business. You can consider it an action-oriented statement. It includes a summary of your employees, customs, and owners. Furthermore, it also states what your business is all about, the core functions, and the goals. To keep it simple, you will answer questions pertaining to what you do and why you do it. That is what a mission statement is all about.
Mission statements are different, depending on what your business is all about. Apart from explaining how you serve your employees and customers, it also includes information about the community and the world. Many businesses consider the mission statement as a vision statement. Here are some sections you can add to your mission statement:
- Start the mission statement by defining the market.
- Define what your business does for the customers
- Define what it does for the employees
- Define what it does for the owners
- Discuss, cut, digest, review, polish, and revise
What is a SWOT Analysis?
You can use SWOT analysis to determine and describe the following features of your business:
You can apply SWOT analysis to your entire organization, company, or even on individual projects. SWOT-analysis helps businesses at the organizational level. You can determine if your business aligns with plans for growth and success. But you can use it for single, particular projects. For instance, if you start an online advertising campaign, you can check if the campaign is running according to initial projections or not. Here are some ways a SWOT helps your business:
- Examine your business idea
- Generate a marketing action plan
- Use as an annual business planning
- The initial point for contingency planning
- The instrument for adding employees and staff section in business planning.
Works as a self-evaluation tool to run the business and manage the staff.
What is the Capital Requirements Plan?
Capital requirements are the amount of money that a business pays for upcoming projects and regular expenses. For instance, if you are running a small business, you need to pay for employees’ capital requirements. Capital requirements would be the expense you pay to your employees for utility and rent every month. Furthermore, it also includes installments and other expenses. Capital requirements also involve home expenses, such as groceries, mortgage, rent, and vacation expenses.
How to Work with Us?
How much does a business plan cost?
Business plan writers’ cost depends on how extensive you want the business plan to be. You can choose between numerous formats and types of business plans. Some plans are straightforward and only include an executive summary and financial worksheet. On the other hand, your business plan can also extend to more than 50 pages. These types of financial plans include various years of financial projections. You can estimate the cost of a business plan by deciding the type of plan and what sections you will include.
How long should a business plan be?
Normally, a three-year business plan will contain 30 to 50 pages. The pages may differ depending on the personal perspective and sections you want to include in your business plan. A business plan will work as a road map so you and the employees can focus on the business objectives and goals. Moreover, it contains a mission statement and financial summary. You can create a descriptive or a simple business plan. Nonetheless, the business plan will include these four sections:
- Introduction about the business
How many pages should a business plan be?
Your business plan pages depend on many factors, such as what you put in a business plan. According to numerous business experts, a three-year business plan should include 30 to 50 pages. This can go higher, depending on what sections you want to add.
You can put together a business plan including different sections. Here are some tips that you should follow:
- Keep all your sections logical and objective. Brainstorm with your team and find the best ideas through analysis and collective decisions.
- Create a guide for all your business operations and how things will work for a year or three. You should create a blueprint so the company’s leaders can follow the business plan and work on a similar path.
- Ensure that your business plan includes the vision and the purpose of your company. You need to describe the management’s responsibilities, an overview of your marketing plan, add personnel requirements, and evaluate the market competition.
You should create a financial proposal so the lenders and investors can evaluate your business.
How to write a business plan?
To make a business plan, you need to consider the nature of your business. Your business plan should include six major topics. Here’s how to write a business plan step by step:
This section will include one to two pages, and it summarizes or provides an overview of the business. It also outlines what you plan on doing. You can write an executive summary in the end because it sums up everything essential that is part of your business plan.
The opportunity section will include the details about what you are selling and how you will solve the market’s problems. For instance, what market you will target, who will be your target audience and competitors.
Add the opportunities your business will leverage—for instance, a sales and marketing plan, milestones, management, and successful growth.
Company and Management Summary
You can use this section to mention the team you will hire and who you will include in your management. When you present a business plan to investors, they will focus on your team rather than your business idea. Provide details such as location, legal structure, and history of the company.
You need to include a financial plan in your business plan. Otherwise, it is incomplete. You can add a cash flow statement, sales forecast, income statement, and balance sheet.
The appendix will include additional information such as products and images.
How to create a franchise business plan?
Franchises also require a business plan before opening. Here are some ways you can create a franchise business plan:
When creating a franchise business plan, start off with a budget. For instance, a good start would be to consider the upfront franchise fee. Furthermore, franchisors also require financial statements before opening one of their franchise. If you are making one for a franchise, you need to consider assets and personal finances. This will open new opportunities in the price range.
This step can be tough if you aren’t sure about the research aspect. If you are opening a franchise, you need to know the net worth and potential returns. If you are unsure of your financial position, planning becomes difficult and will depend on guesswork. Opening a franchise requires a solid plan.
3. Connect with the Franchisor
Before opening a franchise, you need to gather enough information about how you can effectively operate a franchise. You can seek help from other franchises. It’s important to know how things work. When you add this information to a franchise plan, you succeed.
4. Interview Process
The franchisor and the franchisee will undergo an interview. This can be a one-on-one visit to headquarter or a conference call. It is possible that you need to attend a sit-down meeting. These meetings and interviews will help you make a franchise business plan. The plan and the meet-ups might vary depending on the franchisor. However, you and the franchisor will define the goal after the meetings. You need to write down all the essential items and set-up you need to run a successful franchise.
5. Franchise Agreement
You need to pay an upfront fee to the franchisor. They will also add additional investment in the fee charges for cleaning equipment and the kitchen.
6. Renew the Agreement
If everything is going well, you need to renew the franchise agreement before your business ownership ends. You need to make a 10-year long agreement.
How to place the order?
Creating a business plan can be an arduous task for you and your team. After all, you need to reflect a good image of your business in front of investors, and there’s no one-size-fits-all. To ensure the effectiveness and quality of a business plan, many entrepreneurs prefer hiring a professional writer. If you want to write one for your business but are worried about impressing investors and other readers, it’s time to buy a business plan.
You can buy a business plan with simple steps:
Consider the Type of your Business
Before ordering a business plan, consider the type of business you are running. Then, determine the purpose of the business plan. For instance, when creating a business plan for a non-government organization, your business plan would be different as opposed to one for a franchise. You will provide the necessary information to the writer so they can work on the plan properly.
Use the Place an Order Now Tab on the Website
Once you determine the type and purpose of your business plan, you can simply click on the ‘order a business plan’ tab on our website. You need to fill in the form. The order form will help the writer research your business plan. This will save them a lot of time and effort.
Email us the Details
To order a business plan, you can also email us all the details. Make sure to add complete and accurate details about your business so the writer can create an effective business plan.
How to contact with us?
How to write a nonprofit business plan?
A nonprofit business plan will help nonprofit organizations to set up a complete road map for the next few years. Furthermore, the plan will include your goals and a plan to achieve them. Also, you can evaluate the outcomes within time to track their progress. Another factor you need to consider is updating your nonprofit business plan on a timely basis. This way, you can align circumstances with the goals.
Every business plan works as a foundation of the organization. It answers the questions to who, when, what, and how things are coming around. It will have a positive impact on your business.
Your nonprofit business plan needn’t be lengthy. You simply need to include the necessary information. You can make one with seven pages or exceed 30 pages depending on the growth of your organization. Here are some important elements that a nonprofit business plan would include:
- Executive summary
- Target audience
- Similar organizations
- Future services and programs
- Promotion and outreach strategies
- Costs and fees
- Fundraising sources
- Fundraising activities
- Strategic alliances and partnerships
- Milestones and metrics
- Key assumptions and risks
- Management team and company
- Financial plan
How to write a business plan for a loan?
A business plan is a key requirement for any business, especially when you are applying for a loan. It will demonstrate the growth of the business with proper research, product strategy, and financial data. It also ensures that your lender is connecting you with the right loan program. Your goals, needs, and financial projections will include all the essential information to select the right program.
The best part about a business plan is that it is not bound to just this information. In fact, it can include other functional roles necessary for the roadmap towards business success. Along with financial statements, you can boost business growth and take the right direction even before loan approval.
If you are worried about making a business plan for loan approvals, consider hiring a professional writer so they can plan and organize your business plan professionally. A strong and effective business plan for loan approval will include these elements:
- Cover page and table of contents
- Company description
- Executive summary
- Market plan and analysis
- Service or product
- Organization and management
- Marketing and sales
- Funding request
- Financing analysis