How do you prepare a business plan financial statement? Do you need help developing business plan financial projections? Do you need a business plan projections template? Then i advice you read on because this article is for you. What is a Business Plan Financial Statement? The financial statement is a distinct section of your business…
How do you conduct industry analysis for a business plan? Do you need help conducting market research and industry analysis for your business plan? Then I advice you read on. So you have a great business idea, you have refined and fine-tuned it, and you are ready to launch. You are going to offer a…
Having answered the “what” and “why” questions about your business, it’s time to answer the “how.” Are you in the process of writing a business plan for your small business? Do you need help writing your business plan goals and objectives? Then below is an in-depth guide on how to write a business plan goals…
Does your business plan contain a fail-proof exit strategy for you? If NO, here is a detailed guide on how to write an exit strategy for a business plan. Unless you are a joker of a business owner, chances are you came up with a solid business plan at the start of your business. I…
A good executive summary is the holy grail of good business plan writing. Even though it comes after you have written and thought through every other facet of your business, it is arguably the most important part of the puzzle. As its name implies, the executive summary is a brief overview of your business plan….
How do you plan your business growth strategy? How do you present your business growth strategy in a business plan so that investors can comprehend easily and sign the check? Well, this article is going to provide an in-depth guide on how to plan and present your business plan growth strategy. Usually, businesses start small…
Is a feasibility report the same as a business plan? What’s the difference between a feasibility study report and a business plan? Can a feasibility report be converted to a small business plan? Well, I will advice you read on to find the answers you seek. Now there seem to be a mix up between…
Are you in the process of starting a business? How do you plan your business legal structure? What is the legal structure of a business plan? Well, I advice you read on to learn how to legally plan your business structure. In case you are wondering where your business belongs, here are some common definitions:…
As an entrepreneur, you will rely on your intuition to make business decisions most of the time. This informal knowledge is very important in the decision making process. However, it may not provide you with the facts that you need in order to achieve marketing results. And this is where your marketing strategy comes in….
Are you currently writing a business plan? If YES, here’s an in-depth guide and sample template on how to write a workable mission & vision statement for a business. A vision and mission statement are some of the most important requisite for business success and sustainability, but unfortunately, most entrepreneurs and small business owners run…
Are you in the process of writing the job description section of your business plan? Or you need a sample job description template? Then I advice you read on. Here, you drive home the point that not only do you know what you are doing or where you are going, but that you have the…
If you own a company, the only way for people to have a quick preview of what your company is all about, the products or services you offer, and who are the owners of the company is through your company profile. This section of your business plan will fundamentally answer two important questions: Who are…
Do you need strategies that will improve your brand online and help you stay competitive? If YES, here are 7 steps to writing a winning digital marketing plan. Digital marketing can be described as the marketing of brands, products or services using digital technologies, mainly on the internet but also including mobile phones, display advertising,…
Are you currently writing a business plan and want to do break even analysis? If YES, here’s a beginner’s guide on how to calculate break even point for a business. Every business is established with the aim of making profits. No entrepreneur wants to go through the stress of establishing and running a business that…
Writing a SWOT analysis is the first step to writing a business plan. Without any doubt, the number one secret of a successful business is planning, and more specifically writing your own business plan. But before you begin planning, you should make sure that you understand your business, your competitive environment and what it is…
After giving the reader a good idea of the important trends and paradigm shifts in the industry, you will need to specifically point out your major competitors This means factoring in on not just your direct competition, but the indirect competition as well. One very important aspect of business that every business owner must deal…
This section explains how you plan to run the company day-in day-out. In other words, you will describe how you will go about creating and delivering your product or service. Are you currently writing a business plan? If YES, here’s an in-depth guide and sample template on how to write a workable business plan operations…
You can include all necessary information in the appendix of your business plan, especially ones that do not fit seamlessly into the body of the plan. This section of your business plan will include samples of the material or information that is referenced within the business plan but does not need to be included in…
Cost structure in a business plan refers to a section in the business plan where all the necessary costs or expenses expected to be incurred to attain the desired objective noted in the business plan are explicitly outlined. Depending on the objective of the business plan, these costs may include the cost of purchasing the…
The product or products your business intends to produce or offer will have to be described in the product description section of your business plan. This section of your business plan is meant to explain how your product will stand out from comparable items in the market. You have to clearly explain its concept, coupled…
Market segmentation in a business plan is a section where the target market of the business is separated into smaller groups of people, or segments, to identify areas of possible market growth. This section of the business plan helps marketers identify the primary characteristics that define the target market of the business and also ensures…
There are numerous issues and obstacles that come with starting a new business. One vital step in preparing for these issues and challenges is to put together a well-detailed business plan. Writing a business plan helps you get an understanding of what you need to do to attain your goals. It’s genuinely a vital tool…