Need advice on business plan writing? The most important things to know are some of the most basic – the intuitive parts that might slip by you if you're not careful. For one, your plan needs to describe the venture clearly. If your company relies on a complicated technology or the market opportunity isn't immediately clear, you have to find a way to describe it so that any reader can “get it.†Secondly, you need to use market statistics – the more current and on-point the better – to show that you have a good chance of success. The market analysis should show:
• The number of potential customers/clients
• Their average spending within the sector
• The strength of the industry in recent years
• The market need you fill
• The competition you will face and their strengths/weaknesses
The market analysis is often viewed as the most labor-intensive part of the business plan, but don't underestimate what will be required of you in the financial model. The plan should show a minimum of three years of projected revenues and expenses including a sales forecast, break-even point, profit and loss statement, cash flow, and a balance sheet. The business plan should also be under 30 pages, have a sharp marketing summary, and be double-checked for cash flow errors and typos. Want help with any part of this? MasterPlans can write the entire plan for you using our in-house expert consultants – call today at 877-453-2011.
If you are ready to go, or not sure what kind of plan you need, fill out the form below and we'll call you.
