Business Plan Preparation


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Business Plan Preparation

1
1

Summarize Your Vision

2
2

Develop Your Product or Service

3
3

Research the Industry

4
4

Analyze the Market

5
5

Size Up Your Competitors

Requirements

A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints.

Documents

Promoters details

Promoter KYC

Promoter details (PAN Card, Passport, Aadhaar Card, Voter's ID, Driving License)

Place Of Buisness

Executive summary

Products and services

Marketing strategy 

Analysis

Financial planning

Budget plan

Basic Features of Business Plan Preparation

Executive summary

This section outlines the company and includes the mission statement along with any information about the company's leadership, employees, operations, and location.

Products and services

Here, the company can outline the products and services it will offer, and may also include pricing, product lifespan, and benefits to the consumer. 

Market analysis

A firm needs a good handle on the industry as well as its target market. It will describe the expected consumer demand for what the business is selling and how easy or difficult it may be to grab market share from incumbents.

Marketing strategy

This area describes how the company will attract and keep its customer base and how it intends to reach the consumer. This means a clear distribution channel must be outlined. 

Financial planning

The business plan, the company should also include its financial planning and future projections. Financial statements, balance sheets, and other financial information may be included for already-established businesses. 

Budget

Any good company needs to have a budget in place. This includes costs related to staffing, development, manufacturing, marketing, and any other expenses related to the business.

Important Notes

Executive summary. Briefly tell your reader what your company is and why it will be successful

Company description

Market analysis.

Organization and management

Service or product line

Marketing and sales

Funding request.

Financial projections.