Presents...

Writing A Business Plan

Presents...

Online Business Startup, in conjunction with The Coconut Group, presents..

Tip #1

64% of people who had completed a business plan grew their business compared to 43% who hadn’t. Source: (http://timberry.bplans.com/2010/06/real-data-on-the-success-of-business-planning.html)

Actually Write A Business Plan• It’s an important document that you can regularly refer to in the

future• It will outline your business aims, goals, objectives and strategy• It 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 research

Market 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 intelligence

Read about the limitations of the “Percentage of Sales” Forecasting method:

http://smallbusiness.chron.com/limitations-percentage-sales-forecasting-method-14621.html

Tip #3

Apply Company Branding

Make 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

ResourcesWatch it on YouTube!

o Business Planning - http://timberry.bplans.com/o Market Research - http://www.marketing91.como Forecasting Methods - http://smallbusiness.ch...o Accurate Forecasting - http://timberry.bplans.como Online Business Startup –

http://www.onlinebusinessstartup.co.uk

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 Online

www.onlinebusinessstartup.co.ukOr email me directly

robin@onlinebusinessstartup.co.uk

To get a

go to