How to write a business plan, examples and structure for drawing up, ready-made samples and templates of business plans for different areas of business. Find out what it is, how to correctly make and calculate the business plan of the enterprise. Development and creation of a business plan in accordance with the standards.
What is a business plan
To effectively implement any business idea, you need a business plan. A business plan is a feasibility study of the activities of enterprises in market conditions, the program of its activities; it characterizes the model of the enterprise in the future. It is needed not only for starting a business, but also for expanding and developing an enterprise, for obtaining a loan, and attracting investors. That is, a business plan should answer such important questions: is it worth the investor to invest? Should the bank issue money for the project? Should an entrepreneur open such a business? Is it worth expanding the enterprise, producing a new product?
The purpose of business planning
The main goals of business planning:
- determination of the level of viability and sustainability of the enterprise;
- identifying the strengths and weaknesses of the firm;
- concretization of the development strategy through a system of quantitative and qualitative indicators;
- providing support for investors and shareholders;
- reduction of business risks.
When drawing up a business plan, entrepreneurs look for future reserves to reduce costs and increase income to ensure the growth of the company’s profits. In the process of writing a business plan, strengths and weaknesses are identified (SWOT analysis). In addition, future development plans are designed with these aspects in mind in order to maximize the advantages of the firm and minimize the disadvantages. This helps to reduce entrepreneurial risks.