HOW TO MAKE A BUSINESS PLAN by YourRetailCoach

HOW TO MAKE A BUSINESS PLAN? Key Insights & Blueprint

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S.No. 1. 2. 3. 4. 5. 6. 7. 8.

Title What is a Business Plan? Why make a Business Plan? Things to consider while crafting a Business Plan Format of a good Business Plan Well-Defined Objective Business Plan Writing Experts Why YRC to make your Business Plan? Conclusion

Page No. 3 4 7 8 10 12 13 14

WHAT IS A BUSINESS PLAN?

A Business Plan can be defined as any document which identifies, describes, and analyses the techno-economic and financial feasibility of a startup or an already existing business.

A well written business plan can:   

Simple Business plan examples:

Turn any business opportunity into a



Start-Up Business Plans

viable project and,



Internal Business Plans

Propel existing business entities into an



Strategic Business Plans

upward growth trajectory



Feasibility Business Plans

Create and establish all processes and



Operations Business Plans

strategies



Growth Business Plans 3

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WHY MAKE A BUSINESS PLAN?

› Before creating an effective business plan, it’s vital to know the compelling reasons to draft it. ›

For starters, establish a Business focus, Attract top & mid level management team and Analyze the project viability.

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WHY MAKE A BUSINESS PLAN?

Get funded

Establish a business focus

Attract the Management team

The main objective of a business

Investors look for a well-researched

Business expansion and a larger

plan is to put in place a future

business plan, before planning to

scale of operations necessitate the

strategy. It should incorporate goals

invest

recruitment

or milestones, with detailed steps

to Investors, understand banks, the firm’s Investors, banks, operations, crucially how they will

explaining how to reach each step.

receive a return on their investment.

helps to attract executive talent.

Global analysis of Business

Analyze the project viability

top-quality

talent.

Thus, a well-structured business plan

Strategic Business Management

A global business plan acts as a

plan’s

Strategic business management and

strategic process guide that helps

financial projections, strategies, and

planning facilitates the setting up of

organizations in making key business

the overall company description,

overall

decisions in its foray into international

shareholder or analyst can assess the

consequently developing a business

markets.

feasibility of the business project.

plan to optimize and achieve them.

studying

business

goals

and

WHY MAKE A BUSINESS PLAN? Business milestones

Functions as Business Card

Revenue model

A business card is synonymous with

The business plan lays out the long-

This part of the plan documents how

the

term milestones and a step-wise plan

the business will earn money for

introduces the business to potential

of action critical to the success of the Investors, banks, Investors, banks, business.

potential investors, i.e. its revenue

identity

the

business.

stakeholders and offers an insight into the business

model, its assumptions, challenges, and approach.

Brand Positioning

Unlocking new opportunities

Business Repositioning

Creating a business plan helps to

If the current sales and operations

The business is seen in a different

define the company’s role in the

aren’t effective, one can rewrite and

light,

marketplace

and

constantly

position

brand

the

business

plan

new

ideas

incubated

also

optimally

reposition

potential

redefine, implement, and validate

product/service

objectives, and strategies.

business management.

customers, investors, and partners.

the

with

being

concerning

marketing

and

THINGS TO CONSIDER

The secrets to writing a successful business plan consist of asking and addressing fundamental questions like:  Where do we want the business to evolve to?  Where you would like to see the business in the long term, i.e. the next five, ten, or fifteen years?  Revenue and profit expectations for the future?  The number of employees to be hired?  How would business expansion occur?

Initially, it is ideal to start with a short-term plan applicable to a shorter period, i.e. a year or so. 7

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FORMAT OF A GOOD BUSINESS PLAN

3. Management Plan

1. Executive Summary

2. Company Description

Appearing at the start of the business

This is an overview of the key aspects

The management segment of the

plan, this provides a brief description

plan

the

business,

including

the

of the company’s mission statement

Investors, banks, Investors, company history, banks, goals,

and products & services portfolio.

clientele, and the USPs of the business

4. Operational Plan

target

outlines

structure,

the

staffing

organizational plan,

and

the

management roles and hierarchy

5. Market Analysis

6. Competitor Analysis

The operational part should clearly

A quantitative assessment of the

This analyzes the business vis-a-vis its

and

the

state of the market and industry,

direct

functioning of the business, including

examines the market size in terms of

including

the logistics and operational side of

volume

include their current and potential

the company.

segments and buying patterns.

transparently

describe

and

value,

customer

and

indirect

their

SWOT

competitors, and

may

product and service development. 8

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FORMAT OF A GOOD BUSINESS PLAN

8. Sales Strategy

7. Marketing Plan

9. Funding requirements

marketing

A sales strategy plan is the company’s

This

how

masterplan for securing stable, long-

requirements and financial plans of a

business fits into the market and how

Investors, banks, term revenues through the acquisition Investors, banks,

company, usually for the next five

its products and services will be

and retention of new and existing

years, especially when writing a

priced and promoted.

customers.

business plan for a startup.

will

strategy,

showcase where

the and

the

outlines

the

future

funding

10. Financial Projections This key section shows anticipated revenue projections for the first 12 months and annual projected earnings for the second, third, fourth, and fifth year of business. The section should include a sales forecast, expenses budget, cash inflows and outlays, income statement, balance sheet, and a profit and loss statement. 9

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WELL-DEFINED OBJECTIVE

Writing a business plan for a startup: This involves the following activities: Developing the goals of the startup, choosing the business entity to be incorporated, budgetary analysis, regulatory compliance, with respective authorities for the start-up, risk analysis and mitigation, and keeping a close watch on the startup’s activities.

My brand uses short Our products have Writing a Business Plan for Investors: Keeping potential investors in mind, we help sentences that demand been named after create a unique, personalized business plan specifically focusing on the investment action: Let’s go! , Let’s famous comedians, so opportunity and funding goals, team overview, market opportunity, revenue model, get started! wemarketing use these names to & company target clientele, user acquisition and strategy, traction refer to each of our milestones. items on social media.

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WELL-DEFINED OBJECTIVE

SME Business Plan: Our business plan writing services for SMEs consist of creating the SME’s business action plan and objectives, strategic advice for business scenarios and funding options, and regulatory compliance advice. Large Enterprise Business Plan: Here, our business plan proposal is all about shaping business

strategies,

services,

product

diversification,

and

expansion

strategy

consulting.

My brand uses short Our products have sentences that demand beenonnamed after or business sector to Vertical Specialization: This implies focusing a niche domain action: Let’sdevelopment go! , Let’s famous comedians, boost business and project management workflows. so get started! we use these names to refer to eachonofourour Retail & eCommerce Business Plans: Leveraging years of retail and items on social media. eCommerce expertise, we help in writing a successful business plan outlining the retail business roadmap and its growth strategy.

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BUSINESS PLAN WRITING EXPERTS

Business Businessplan planwriting writingexperts expertsshall shallanalyze analyzeand andreview reviewyour yourbusiness businessplan planproposal proposalininterms termsof: of: • Financials • Financials creative ideas or action plan from you • Any Any creative ideas or action plan from you • Any other information • Any other information •

After freezing the terms of engagement, the format of business plan will essentially comprise: After freezing the terms of engagement, the format of business plan will essentially comprise: • Business Introduction • Business Introduction • Executive Summary • Executive Summary • Business Products backgrounder • Business Products backgrounder • Financial Projections & Budgeting • Financial Projections & Budgeting • • Final Business Plan Final Business Plan

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WHY YRC TO MAKE A BUISNESS PLAN?

Your

Retail

Coach

management

and

(YRC), finance

retail

consulting

company with a proven track record to help you in writing a successful business plan every step of the way. We are amongst top business plan writers with established industry credentials in •

writing a business plan for a startup

•

writing a business plan for investors

•

business plan development

•

market analysis.

To prepare a Business Plan, the proposal has to be an agile, continually evolving To prepare a Business Plan, the proposal has to be an agile, continually evolving operational document that can adapt to ever-changing business, customer, and operational document that can adapt to ever-changing business, customer, and market needs market needs YRC’s Business Plan writing services believe in hand-holding and guiding you at YRC’s Business Plan writing services believe in hand-holding and guiding you at each crucial juncture, adhering to a focused process-oriented approach to each crucial juncture, adhering to a focused process-oriented approach to enable you to carve your own success story. enable you to carve your own success story. To To tap tap into into new new age age growth growth opportunities opportunities and and realize realize the the true true power power ofof your your business potential, reach out to YRC’s business plan writers today and embark on business potential, reach out to YRC’s business plan writers today and embark on your journey to success. your journey to success.

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CONCLUSION

The blueprint to start your business project or venture, creating an effective business plan is necessary to chart out the process roadmap of any organization.

Before creating an effective business plan, it’s vital to know the compelling reasons to draft it

The plan should try to address queries like: Goals for the current year? Targets to be achieved to reach this goal?

Set the well-defined objective before creating the Business plan, which should be analyzed and reviewed by Business Plan Writing Experts. 14

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FOR MORE DETAILS

To know more about “How to Make a Business Plan?” visit: https://www.yourretailcoach.in/key-insights-blueprint-on-how-to-make-a-business-plan/

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For India & South Asia: https://www.yourretailcoach.in/



For Dubai & Middle East: https://www.yourretailcoach.ae/



For Africa: https://www.yourretailcoach.africa/



Business Process Xperts: https://www.businessprocessxperts.com/

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THANKS! YOUR RETAIL COACH

Email: consult@mindamend.net

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