Business Plan
To make the best impression on investors or banks, a well-Structured business plan is essential with a clear and brief message.
What is a Business plan?
For any Business, A business plan is an essential document that contains information about the business model, operations, market analysis, financial performance, competitor analysis, and human resources. A plan provides a roadmap for the business. For a startup or any business, a business plan is a written document of your business’s future that tells what you plan to do and how you plan to do it. To make the best impression on investors and banks, a well-structured business plan is very important with a clear and brief message. An effective business plan provides angel investment for startups.
For making a plan for products or services, Startup prepares them as part of the startup process of business for angle investment while existing businesses often prepare it when they want to change direction or strategy of a business. For seeking funding, a plan is required by all startups because it serves as the business roadmap and also attracts an angel investor.
Panomics Legal Mentors is a team of experienced professionals who help you to prepare well-drafted plans for your business with clear and concise concepts.
Panomics Legal Mentors will help you to prepare a business plan from the comfort of your home, offering you services that are very specialized and tailored for each individual.
Get a free Consultation for Business plan preparation with Our Top Rated Experts with a simple registration.
Why You Need a Business Plan?
The goal of a well-structured plan provides the roadmap of the business with as much information as possible about what’s needed to reach its goals. It helps to determine:
- The funding amount needed to start the business.
- The equipment or facilities needed for operation.
- Competitor analysis.
- Know your Customer.
- Staffing needed.
- Industry Analysis.
- Startup Expenses.
- Angel Investment for startup etc.
Advantages of Business Plan Preparation
- Outside Funding– A well-drafted plan attracts investors. You just need to show your well-structured plan with a clear and concise message. A well-structured plan is a milestone to get funding from investors.
- Understanding your market– A plan has a key feature of comprehensive market analysis where you see your industry analysis, target market, and competitors. You can learn from someone’s mistakes and earn benefits from doing your work in the right direction with less time and less funding.
- Focus on your Business Strategies: A plan helps you to choose the best strategies for your business. You can decide your task which you tackle first.
- Decide your Financial Numbers: A well-drafted plan contains financial projections for your business and also it has initial funding requirements. A Plan also helps you decide your financial needs.
- Roadmap of whole Business: A plan is an essential document that contains information about the business model, operations, market analysis, financial performance, competitor analysis, and human resources. A plan provides a roadmap for the business.
- Set Your Goals: A well-written plan sets milestones of your business. You can work towards the key goals you want to achieve.
- Angel Investor: A well-drafted plan is essential for startups. A well-drafted plan provides angel investors for startup. They give him wings to fly higher.
How we prepare a business plan for your business?
A well- researched, well-drafted and brief plan guides and informs everything the new business does.
A well-prepared business plan consists:
- Executive Summary.
- Business Description.
- Product or Service Description.
- Mission Statement.
- Market Analysis.
- Operations plan.
- SWOT analysis (Strengths, Weakness, Opportunities, Strengths).
- Management Team & Organization.
- Financial Plan.
- Startup Expenses & Capitalization.
- Competitive Analysis.
- Customer Analysis.
- Industry Analysis.
- Appendices.
- Refining the Plan.
Want to know more, get a free Consultation for Business plan preparation with Our Top Rated Experts with a simple registration.
Factors to be considered before preparing Business Plan
- Product
- What Customer wants?
- What other products or services capitalize on your existing network of relationships?
- Promotion
- How can you grow your existing customer’s awareness of your product, so they help you grow?
- How can you Network your way to new people and new potential customers?
- Can you Make use of social media and other new online tools for outreach and conversation?
- Place
- What other geographic areas make sense to serve own business?
- Do you have personal international contacts that would help you to explore a global market?
- Presentation
- Paper Presentation of plans.
- Low Budgets
- Reliable Model
- Terminal Value( Show plan to investors)
- Plan of different types of Customers
Always Put Customer first in any Business Plan
Put the customer first and know your customer needs and benefits as you offer your product or service, this will give your business plan new wings to fly. Always consider How much the product or service costs, and how you deliver it to the customer in their favor.
Procedure for Business Plan Preparation
eStartIndia is a team of experienced professionals that help you to prepare a well-drafted plan for your business with a clear and concise concept.
Step 1- Understanding your business
Before preparing your plan, our Experts will work with you to understand your business, your goals, your future plans, and the fund requirement.
Step-2 – Drafting Business Plan
Based on our understanding and receiving all the information we need, our experienced experts will begin drafting your plan with a clear and concise message which impress your investors or partner you show it to.
Step-3 — Business Plan Finalization
Once your plan is drafted, you can provide your comments or inputs to finalize and after accepting your inputs, we prepare a final Business plan for your business that will impress your investors and define the successful roadmap of your business.