Do you need any help when writing a business plan? If you don’t know then don’t ‘need to worry because the good news is IRISH Business Plan can help you to get cost effective business plan quickly so you can develop your business idea and put together a solid pitch for your business.
Who Need Help with Writing a Business Plan?
Short answer is Yes Everyone.
A business plan takes all the key considerations of your business, from your 1-sentence pitch to your revenue model, and puts it in a single neat document. Whether you’re a new, established or evolving business, everyone needs to have these answers prepared and reevaluated over time.
Even though your business plan is something you’ll reconsider constantly (such as, when competitors come and go), it’s not always necessary to put it down on paper. The exception is if you’re presenting to an investor, customer, or potential partner/employee. In these scenarios, you need a complete and up-to-date business plan that follows a standardized format.
If you work through each section of this outline, in the end, you’ll have a complete, well thought out business plan, the kind of business plan that you’ll be able to use to get a bank loan or persuade potential investors that your new business is the place to put their money.
The Executive Summary
While appearing first, this section is written last. It summarizes the key elements of the entire business plan and is the first thing anyone looking at your business plan reads so it’s critical that your executive summary is outstanding.
An overview of the industry sector that your business will be a part of, including industry trends, major players in the industry, and estimated industry sales. This section will also include a summary of your business’s place within the industry.
Your purpose here is to show the reader of your business plan that you have a thorough knowledge of the people you are planning to sell your goods and/or services to – so thorough that you can make educated predictions about how much of your goods and/or services they might buy.
In this section of the business plan, you need to distinguish your business from the competition, persuading the reader(s) of your plan that your business will be able to compete successfully.
This is where you present the reader with your new business’s Unique Selling Proposition, describe how you’re going to get your goods and/or services to market and how you’re going to persuade people to buy them.
An outline of your business’s legal structure and management resources, including your internal management team, external management resources, and human resources needs. If the goal of your business plan is to get funding, it’s wise to make sure that your management plan includes an advisory board as a management resource.
A description of your business’s physical location, facilities and equipment, kinds of employees needed, inventory requirements and suppliers, and any other applicable operating details, such as a description of the manufacturing process.
This part of the business plan is where you will present the three main financial documents of any business, the balance sheet, the income statement and the cash flow statement.
Summarize your Projection
This is related to the previous recommendation. Many entrepreneurs believe that they should create a one-million cell Excel model to prove how much they know about their business. Let’s be honest: You don’t know when your product will ship, much less how much you’ll spend on travel four years from now. The optimal length for your financial projections is one page. That is, at least keep your lies succinct.
Appendices and Exhibits
In addition to the sections outlined above, at the end of your business plan, you will also want to include any additional information that will help establish the credibility of your business idea, such as marketing studies, photographs of your product, and/or contracts or other legal agreements pertinent to your business.
Generally, in a business plan, you want to “put your best foot forward”. So if, for instance, you have a stellar group of people serving on your new business’s advisory board, by all means, put that section directly after the Executive Summary. Highlighting your new business’s strengths will encourage your reader(s) to continue reading your plan.
How to Get Help with Writing Business Plan?
If you want your business to have some presentation value, you need o hire a professional business creator who can help you with writing a business plan as per your requirements.
Whether you’re creating a slideshow, 1-page plan, or full paper document, Irish Business Plan has a huge selection of templates that help you save a lot of time compared to writing from scratch. Plus, you can add engaging features like graphs and diagrams and financial charts.
Irish Business Plan, provides instructions and examples of what other business plans included for that particular section.
The Bottom Line
A business plan is a collection of ideas, goals, and research about how to run your business. It matters less how you write it and more that you’re simply asking and answering these questions.
If you are sending your business plan to a lender or investor, however, be sure to follow a standard format and include the necessary data (like a profit and loss statement). We will help you make a professionally-formatted business plan much faster than working from scratch.