What are the steps to Create Your Business Plan? When it comes to creating your business plan you need to first decide what type of business you want to start.
Then you need to come up with the main steps that you feel are the main steps of your business plan.
Then you need to decide what the sub steps are going to be.
So What are the steps to Create Your Business Plan?
There are seven main steps that are involved with helping you to create your business plan. We have listed them for you below.
You will also be able to view the sub steps that you need to add to complete your business plan.
1. Introduction Section...
This section is the first impression of your business. This is how you introduce your business to whom every you wish to view your business plan.
It should include a Table of Content, a Mission Statement and the Fact Sheets about your business.
2. Executive Summary
Your Executive Summary is the summing up of the purpose of your business. It is a brief statement or account that covers the substance and main points of your company.
This section includes an Introduction, Product/Service, Target Market, Competitive Position, Goals and Objectives, Management, Finance, and an Executive Summary.
3. Company Plan
The Company Plan is a factual review of your business.
This section includes a Company Description, Company Accomplishments, Property Owned, Company Assets, Company Goals, Company History, Company Philosophy, Contracts, Legal Formation, Location, Merchandising Plan, Product Description, Proprietary Rights, and Suppliers
4. Marketing Plan
Your Marketing Plan covers all of the details about how you plan on marketing every aspect of your business.
This section includes a Marketing Description, Market (Industry Trends), National Economics Trends, Target, Market Description, Competitor Description, Competitor Analysis, Product/Service Description, Product/Service Strategy, Product/Service Pricing, Strategy, Product/Service Sales Strategy.
This section also includes Product/Service Advertising, Strategy, Product/Service Distribution Strategy, Product/Service Customer Service Strategy, Product/Service Credit Policies Strategy, Product/Service Packaging Strategy, Product/Service, Warranty Strategy, Product/Service, Marketing Test, Product/Service, SWOT, and A Marketing Budget.
5. Operations Plan
The Operating Plan is an overview of the general operations of your business.
This section should include a brief overview about how you plan on running the financing, legal concerns, inventor.
It also includes Daily Operations, Banking, Board of Directors, Professional Consultants, Management Team, and Manpower.
6. Financial Strategies
Your Financial Plan describes the details of your past, present and future financial plans of your business.
This is how and where you plan to manage and/or obtain money to keep your business up and running.
This section includes your Expenses, Capital Plan, Accounts Payable, Capital Sources, Loan Requirements, Summary of Financial Needs, Financial Statement, Income Statement, Balance Sheet Statement, and Cash Flow Statement.
7. Supporting Documents/Appendices
Include your supporting documents, testimonials from present and potential customers research clips, miscellaneous charts and graphs.
It should also include your companys contracts, credit reports, past and present Income tax returns, legal documents and your lease agreements.