How to Write a Business Plan in 4 Simple Steps
Post on 11-Apr-2017
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Choosing a Company Name for Your Startup
Writing A Business Plan
Online Business Startup, in conjunction with The Coconut Group, presents..
Tip #164% of people who had completed a business plan grew their business compared to 43% who hadnt. Source: (http://timberry.bplans.com/2010/06/real-data-on-the-success-of-business-planning.html)
Actually Write A Business PlanIts an important document that you can regularly refer to in the futureIt will outline your business aims, goals, objectives and strategyIt is crucial you have a well thought out business plan if you are looking to acquire funding.Investors will want to see how your venture is going to generate a return on investment. Tip #1
57% of UK companies use secondary data for specific business decisions.Source: http://www.marketing91.com/importance-secondary-market-research/ Research will help you identify your target market, then you can begin to build a marketing plan on how you will deliver your products to that market.
A good idea is to buy market research documents online if you do not have the time to carry out your own researchMarket ResearchTip #2
Accurate ForecastingThis is where a good accountant will be invaluable as potential investors will be scrutinising your figures. Your forecasts must be realistic and based on factual research & market intelligenceRead about the limitations of the Percentage of Sales Forecasting method: http://smallbusiness.chron.com/limitations-percentage-sales-forecasting-method-14621.htmlTip #3
Apply Company BrandingMake your business plan stand out and look professional by applying your new company branding to it.Only 18% of businesses without a business plansuccessfully secured investment capital Source: http://timberry.bplans.com/2010/06/real-data-on-the-success-of-business-planning.html Tip #4
Business Planning - http://timberry.bplans.com/Market Research - http://www.marketing91.comForecasting Methods - http://smallbusiness.ch...Accurate Forecasting - http://timberry.bplans.comOnline Business Startup http://www.onlinebusinessstartup.co.uk
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is a Business Strategy Expert and Founder of Digital Agency, The Coconut Group. He specializes in delivering Business and Online Strategy to established SMEs turning over 500k helping them to achieve scale and growth.Robin Waite Complete Strategy to Starting Up a Business Onlinewww.onlinebusinessstartup.co.ukOr email me email@example.comTo get a go to