You want to start running a business, is it already a business plan? The reason, establishing a business is certainly not easy, it takes good planning to make the business can run smoothly the future. Creating a business plan or business plan is the main thing that needs to be done when setting up a business.
The business plan is a written plan of background, purpose and how your business will reach its goal. To make it easier, there are several components in the business plan that you need to know. See the next paragraph.
Steps to create your business Plan
Before knowing what are the easy steps to create your business plan, here are some components that must be in the business plan:
- Define your business broadly in line with the team arrangement
- Describe why you established the business then what your business does today
- Market research to find consumers ‘ interest in products or services in your business, as well as how similar business competitor conditions are and what your business benefits
- Explanation of business structure and its rides
- Explanation of products or services offered
- How marketing and sales strategies will be applied in business
- Explanation of business capital, how much is needed and from where the source of the capital and its
- Financial projections, i.e. details of capital and income to be received
- Licensing letter about legality business and other important documents
Some easy steps to create a business plan, as follows:
Do your research
Research in detail and adapt to today’s market tastes. Do analysis of the products you create and research what is done competitor similar to the same product.
Set a business goal
Explain and write by you what the business goals are and what results you want to achieve. With a definite goal, business will happen in a directional way and you are easier to take business decisions.
Create Company Profile
Making company profile is certainly a must in your business plan, because it is the main page to introduce your business. Try to make a company profile about your business with details and clarity. That way, when a presentation is done, potential investors can see your business instantly as complete as possible.
Record all financial transactions
Business plan in your business, later will be the means to get funding from investors. Therefore, list the financial flows of your business by recording all financial transactions in small to large quantities, in relation to your business.
You can start by doing a simple spinner to record all the transactions that occur. If there are too many and transactions that occur already too complex, you can use accounting software like Accurate Online. You can try Accurate Online for free for 30 days via this link.
Have a Marketing strategy
You must own and create a marketing strategy that is beneficial to your own business. Start by creating a timeline about the right time for you to do the promo until the introduction of new products to the consumer to make marketing activities more organized.
Maybe making the business plan as above becomes quite complicated. However, this is very important and must be done for business people who want to advance their business in the future by creating a complete and easy business plan.