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11 Guidelines For Making The Right Business Plan

Hmm, do you want to start a new business or venture shortly? If so, then you need to immediately prepare a business plan or business plan. The business plan is a written statement containing the aims and objectives to be achieved from a business. 

11 Guidelines For Making The Right Business Plan

Business goals can be short, medium, and long-term, depending on how you develop the business. So that the business you are in is more focused, this is where the role of a business plan is important. 

In addition, a business plan can be used to find sources of funds, raise business levels, and predict the future of the business. However, making a good and correct business plan is certainly not easy. Many people fail to compile this business plan. 

Basically, to create and compile a business plan proposal there are several guidelines that you must follow, and we have compiled for you 11 guidelines for making a good and correct business plan, and it's me.

The first, the executive summary. The first important thing to include in a business plan for potential investors is the executive summary. In this section, write a complete outline (overview) and all the crucial points of your business. No need to be lengthy, an executive summary can be compiled as much as 1-2 pages. Also use language that is short, concise, clear, and to the point. 

Because potential investors usually don't want to beat around the bush. the second, the background or business. The next part of creating a mandatory business plan is the business background you are running. 

This background includes the profile and location of the business, how big the business is, and what achievements it has made. You also need to explain the company structure in this section, so that investors know who the team behind the business is.

 Third, the company or business vision and mission. Whatever business you are currently in, of course, has a vision and mission (goals) to be achieved. Vision is the main objective of business, while the mission is what steps can be taken to achieve that vision. By including this vision and mission, potential investors will have a clear understanding of your business goals. 

Fourth, business goals. After that, it is also important to explain the business goals that you are and will be running. Of course, when you want to start a business, you and your team will first determine who will be the target market for your business. 

Fifth, business products. In doing business, there must be a product that you will promote, be it products in the form of goods or services, or even both. In this section, you must explain clearly the reasons why you chose the business product. 

It's good, also include what benefits can be obtained from the business product. The benefits of this product can be specifically aimed at you as a business manager and in general for the public or consumers. 

Also, explain clearly the advantages of the product or business idea that you offer. 

The sixth, market analysis, and marketing. In the market analysis and marketing section, you can describe in detail what marketing strategy you are doing. 

It aims to find out what steps are effective in attracting consumers and beating your business competitors. Examples of promotional strategies for marketing business products, such as double discounts, giveaways, special cashback members, and others. 

Seventh, analysis of production and distribution. This section describes in detail the processes of receiving, producing, and distributing business products. If the business product is in the form of a service, then clearly explain the procedure for providing services to consumers. 

Eighth, labor analysis (HR). A business will be difficult to run without competent people in their fields. Therefore, the allocation of human resources as labor in each business must be in as much detail as possible. Thus, business products will be more efficient to market if the number of workers is sufficient. 

The ninth, financial and capital analysis. In running a business, finance is the most important part. Therefore, you need to include it in your business plan. 

The financial analysis contains projections (forecasting) of income and expenditure, return on capital (break-even point / BEP), return on investment (return on investment), and others. 

In the financial and capital analysis section, several things are important to explain including Source of funding or capital, production costs, marketing costs, rental costs for business locations (if any), costs of procuring equipment for businesses (including production equipment and office stationery ).

 Transportation and accommodation costs, daily, monthly, to yearly operational costs, team salaries (including director's salary and all employees), income statement, cash flow statement, balance sheet. 

The tenth, the business development plan. One of the important parts that potential investors highlight is the business development plan. This includes expansion plans and an exit strategy for the business being carried out. 

From here, potential investors can see how serious you are to develop your business. 

The eleventh, business risk analysis. Everything has risks, including business. In the business world, various risks can arise along the way. 

Starting from operational risk, financial risk, production and distribution risk, to company management risk. For that, it is important to analyze what risks might occur.

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Also describe the strategies that will be implemented in dealing with the impact of these risks. There are 11 combinations to make the right business plan that you have compiled for you. and what do you think? don't forget to apply these 11 blends for your business.

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