To start a business certainly requires careful planning.
Without planning, you will not know where the business is going because of running it without a clear purpose.
Actually what is a business plan or business plan?
Understanding the Business Plan
The definition of a business plan is a written statement that contains the intent and purpose to be achieved from a business.
In addition, the business plan also includes short, medium and long-term targets, how you can achieve these goals, including solutions to obstacles that arise later, as well as others.
But did you know that making a business plan is not easy.
Many people failed miserably to compile the business plan.
In this case, some people are more confident that to start a business, just run it without having to worry about business plans.
Reasons for the Importance of a Business Plan
- To Start a Business
The main purpose of a business plan is to design the strategy and plan for your business.
A new business will be difficult to develop if you just run it without a guide and design.
- Finding a Source of Funds
The next benefit of a business plan is to bring in investors who will capitalize on your business.
Indirectly, the business plan can be a proposal or document to get funding sources.
- Making Business More Focused and Focused
A business plan will make you more focused and focused when running a business.
That way, your goal of starting a business will be achieved according to the set targets.
- To Increase Business Level
Finally, the usefulness and benefits of a business plan is the opportunity to raise your business level to a higher level.
Basics of How to Make a Business Plan
- Brief Summary
This brief summary contains information about your business.
Vision, mission and business objectives and targets to be developed. What products or services you sell to consumers.
- Business Background
Business background tells about the reason for establishing the business, the people involved in it, such as investors or shareholders, organizational structures, lists of consultants or experts, and other related parties.
- Analysis of Business Production
This section contains an explanation of the operating system of your business.
From upstream to downstream explained.
- Labor Analysis
Don’t forget to enter the details of the workforce needed, such as competence and expertise, the amount needed.
Don’t underestimate how detailed your labor needs are in your business.
- Marketing and Distribution Analysis
You also need to analyze the marketing and distribution of your service products in a business plan.
Targeted market targets, emerging market trends, including marketing strategies that will be applied to achieve sales targets.
- Financial Analysis and Capital Returns
It is important for you to include income and expenditure projections, calculation of when capital can return, return on investment to investors.
Investors will usually highlight one important thing in a business plan, namely the expansion and business development plan.
Business Risk Analysis
It’s called a business, there are certainly risks including your business.
The various business risks that might appear in the middle of the road, namely operational risk, financial risk, risk during production, and so forth.