Developing business plan

What is a business plan itself?

A business plan is a document created to understand and guide the investor, with the supporting mechanisms of business systems that lead to the realization of the main and descriptive idea in the materialistic world.

The business plan should include:

• Organization details

This section should contain information about the organization, type of activity and its founders.

• Purpose and task of the project

Here you will need to provide an analysis of the idea. Uncover strengths and weaknesses, as well as opportunities and threats..

• Market analysis

This section should contain information about competition and markets. Here you need to write positive and negative factors that may affect your occupation.

• Organizational structure

This section should contain information about the number of employees in your enterprise, their positions and the wages they receive.

• Create a production and marketing plan

This section is devoted exclusively to production stages of goods, and accompanying this technical process. This should include information about your assets' premises, technical equipment, and trained and qualified personnel who will or will be working under you. It should also describe methods by which you can increase or decrease the amount of material created as needed.

• Financial plan (profit and loss analysis)

This part of the business plan should contain a plan of income and expenses. A general or approximate plan for the sale of goods in a certain period of time.

• Loan repayment schedule

This section should contain a loan schedule in which the amount of the requested loan, the loan term and monthly payments on the loan and the final conclusion on the solvency of the borrower should be indicated.