As the business plan a document that clearly and accurately brings a wealth of information about your business project, you must respond promptly to the questions: what, how?, How?, Where? and why? has to make the business project.
It is also very important to have complete clarity of the objective pursued by the business project. This is critical when setting up your plan of life as an entrepreneur, as an entrepreneur.
If you want your business plan is well developed, you should follow these tips and practice with the aim of obtaining a document well structured approach that allows any entity or funding source to support the entrepreneurial culture in your country.
These are the ten points for any reason may be missing in your business plan:
Executive Summary. What you want with this section of the business plan is to motivate readers to continue investigating more about your business plan. Must act as the “gag start” to invite to eat the “main course”. Do not forget that it is a synthesis of the whole business plan, although that is placed first, is the last thing is made in the business plan.
Description of product / service. When you do, you must provide clarity on issues such as: what are the benefits offered by your product / service to the customer or user?, What are the needs that this product / service satisfy?, What is the distinctive value by which the consumer of preferirte?, what are the attributes and functionality of the product / service?, and finally what is the audience it is aimed at?. An important point to consider in carrying out this section of the business plan has to do with looking at the demographic or psychographic, and lifestyle of your customer, your personality and consumer behavior in the market. This becomes very important to develop a market research.
Market potential of the project. Its production must set the size of the market segment, the latter is dimensioned in sales, profitability and the trend has been identified in that market. Ultimately, what is being done is to present the results of market research.
Competitive environment. To this point, you should identify the main competitors. It identified the strengths and weaknesses and barriers to market entry. Continue Reading