We draw up a business plan ourselves
Types of business plans
There is no official division of business plans, but when they are drawn up, they usually assume a "bias" in one area or another. At the same time, much depends on the specific purposes for which a business plan is drawn up - this usually determines many parameters during its development. Thus, each such document, in fact, can be attributed to a certain type.
An investment business plan is usually required to attract investment from a private individual. Here, as a rule, the estimated financial indicators of the enterprise are described and detailed information about the conducted marketing research is indicated.
Business plan for the enterprise - this option is the most popular and demanded. It uses a specific company as the basis for research. The business plan itself is developed in a standard format.
Loan business plan - it is necessary to obtain borrowed funds from the bank. In this document, it is necessary to argue the need for a loan. This business plan describes in detail where the money will go and when it is specifically planned to return it. It is worth noting that such a business plan is also very popular today.
Business plan for receiving a grant from the state - it indicates the benefits of business for a city, region or country. The focus here is on issues such as job creation and local infrastructure development.
Principle of drawing up business plans
To develop a business plan yourself, there are a few unspoken rules to keep in mind. First of all, you need to study in detail those services or products that you plan to offer. It is also important to know the payback periods and the estimated profit. Next, you should decide on the amount of investment that will need to be properly distributed when starting a business. All this, of course, is supported by detailed calculations. Following the standard structure of business plans, a sequence of all the actions necessary to achieve the final goal is drawn up.
There is no regulation or law for business plans. In fact, it can be written in free form. Much here depends on the purposes for which it is compiled. If a business plan is made to attract investment, then, of course, everything needs to be described in great detail so as not to raise questions from those who decide to allocate money. Next, we will give a standard form of a business plan and try to describe in detail all of its features.
Business plan structure
If we talk about the structure of the business plan as a whole, then it is created according to unspoken standards. At the same time, there are no specific rules here, so an entrepreneur can write a business plan exactly the way he wants. It is important to follow a logical sequence. At least, everything should be more or less interconnected. Otherwise, it will be more difficult for the investor to understand the proposed idea.
As we said above, a business plan consists of several sections that are created almost arbitrarily. In fact, such a project can be called a step-by-step instruction for starting a business.
Description of the business model - why is it needed in the business plan?
Previous Steps of the Guide to Starting Your Own Business
A new section of the business plan is next in turn: “Description of the business model”. Today we will tell you why and how you need to draw up the next part of the business plan. And even if it does not seem so obvious, to some extent repetitive, in a professional (and not only) business plan, this is a necessary part. If only because it will give a new perspective on your small business idea and prospects for its improvement.
Why is there a business model section in a business plan?
An analysis of the business plan process shows the relationship between the business plan as a product of this process and the business model as the starting point of any planning process. The business model is at the heart of the business plan and can even simplify the planning process for the main lines of business. At least the basic calculations of costs, revenues and profitability can be seen through the business model.
The business model focuses on four pillars of the business: customers, supply, infrastructure, and financial sustainability. These elements are detailed in the business plan.
It's easier to start planning if we have a foundation. With the help of a business model, our planning process will focus our attention on the right things.
And, of course, it will be easier to convince the investor of the profitability of the investment if a working business model is presented that will make the business profitable.
What is a business model?
As a formal definition, we will use the definition from the book "Business Model Generation - Alexander Osterwalder & Yves Pigneur":
A business model describes how a business creates, acquires and delivers value.
Description of the business model: what questions should it answer?