top 8 steps of writing a small business plan

TOP 8 STEPS OF WRITING A

SMALL BUSINESS PLAN

www.BizPlanCorner.com – Call [email protected]

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Starting a business is not an easy task.

An entrepreneur has to work virtually 24/7 of their lives with no end in sight in taking the business

to heights.

www.BizPlanCorner.com

It is always good to plan before starting any business and know what you are getting into before

anything serious occurs.

No matter how big or small your company is, a good and

professionally written business plan always helps you a great

deal. www.BizPlanCorner.com

steps of writing a small business plan


BE CLEAR ABOUT WHAT YOU ARE SELLING

Spend enough time in defining who you are, what your company does, what you are

selling and what the benefits of your product are.


CREATE A PROPER LEGAL STRUCTURE FOR YOUR BUSINESS

Before starting any business, it’s good to consult a good legal representative.

They will guide you in a better way than anyone else.

For small businesses, creating a proper legal structure will save business owners

headaches later on.


VISION, MISSION AND OBJECTIVE

STATEMENTSMission, vision and objective statements

are the main parts of your small business plan. They may all look the

same, but are entirely different.


VISION, MISSION AND OBJECTIVE

STATEMENTS Vision & Mission statement:

Represents where the management wants to lead the company and how

they plan to reach there.

Objectives: Represents the definitive goals of the company.


BE HONEST WITH YOUR STRENGTHS AND WEAKNESSES

It’s always good to show SWOT analysis in your small business plan.


This will help you to evaluate your compatibility with the venture you are getting

into. Be very careful in analyzing your strengths,

weaknesses, opportunities and threats.www.BizPlanCorner.com

CONDUCT A THOROUGH RESEARCH ON YOUR

TARGET MARKET

Conduct comprehensive study on your target market.

Internet is the best research tool from where you can collect

authentic and realistic data on your target market.


NEEDS OF YOUR CUSTOMERS

Understanding and addressing your customers’ needs is very important if you

have to take your business towards success. Customers’ need and expectation from your

product and the benefits of your product are the most important parts of a small business

plan.


CONDUCT A THOROUGH RESEARCH ON YOUR COMPETITORS

Conduct a thorough research on your competitors.

Focus on every small point, the products and services they are offering, their strengths and

weaknesses, etc.

A well-conducted competitive analysis will help

you make your product better than your competitors.www.BizPlanCorner.com

BE REALISTIC WITH THE REVENUE PROJECTIONS

Revenue projection helps investors know how you are going to run your economic engine.

Investors invest in a company in order to get profit.

You have to show them that you have the potential to provide them large amount of profits.

Be realistic with the revenue projections. Don’t overestimate!


A small business plan is usually written in order to impress lenders, angles or VCs for

attaining loan. A professional and well-written business plan is equally important tool for both young

and established businesses. It must contain all important points that an

investor needs to know about your company.

If you want to impress your investor and lender, then it is necessary that your

business plan should be professionally written.


THE ENDE END WHERE CAN I

GO FOR MORE INFORMATION?

WWW.BIZPLANCORNER.COM

CALL +1-800-351-0557

[email protected]

http://www.bizplancorner.com/

top 8 steps of writing a small business plan

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