This book is for both starting and established entrepreneurs. This manual will help you know if you are still on the right track, provides information on aspects of your business that seems unprogressive or complicated. Not only makes running the business more straightforward, but also prepares you for the business world and its execution.
ADVANTAGES OF THE BOOK
Written to help entrepreneurs write a detailed and winning business plan, this publication serves as a guide that can help you:
· Realize why a business plan is vital on how to run your business smoothly;
· Decide the best business plan for your business;
· Take step-to-step actions on creating each section of the plan;
· Maximize your time by following the practical instructions detailed in the book;
· Write the business plan yourself without having to hire a consultant or buying a business plan template;
· Do market evaluation to know if your market is lucrative or significant enough for your products and services;
· Understand and master economic and business plan concepts like the Cash Flow and SWOT Analysis that would aid in running your business.
Nearly half of new startups fail within their first five years of operating. While there are many reasons that businesses fail, one of the significant factors is the absence of a good business plan. Whether you are just starting a business or looking to grow an existing one, you need to work on, master and perfect your knowledge and ideas that can make every action count! Acquiring this knowledge and developing your plans may seem complicated, but it is required for the success of your business. It is easier to become a successful business owner if you have a solid business plan.
In a nutshell, this book is for both starting and established entrepreneurs. While entrepreneurship can be very exhausting, this manual will help you know if you are still on the right track. It will also help in providing information on aspects of your business that seems unprogressive or complicated.
While an ordinary business plan can pass as a simple document, creating a fabulous business plan would not only make running the business more straightforward but also prepare you for the business world and its execution.
This book is written in simple language with no use of unnecessary elaboration so that anyone can read, understand and take steps to create a great business plan with outstanding strategies.
—————— TABLE OF CONTENTS —————
WRITE YOUR OWN BUSINESS PLAN
Guidelines for Writing a Good Business Plan
When to Write Your Business Plan
How Long Should a Business Plan Be?
How Long Should You Spend in Writing a Plan?
Who Should Write a Business Plan?
Why Do You Need a Business Plan?
Common Elements of a Good Business Plan.
. Executive Summary
. Company Overview
. Market Analysis
. Business Organization
. Service or product line
. Marketing and Sales
. Funding Requirements
. Financial Projections
Why the need for a SWOT Analysis?
Basic SWOT Analysis
How does SWOT analysis work?
Importance of Cash Flow
Improving Cash Flows Through
Accounts Receivable Management
Managing Accounts Payable to Improve Cash Flow
Revenue and Profit Forecast
Working Capital – A necessity for steady cash flow
Capital finance: A must-have for small businesses
Sample Business Plan
Importance of a Business Plan Template
Mistakes Often Made While Writing a Business Plan
Some helpful tips
Buy a Business or Start Your Own?
Business Startups Versus Existing
My Final Advice