YRC_Blog_How to Make a Buisness Plan_12-07-2022 (1)

1. HOW TO MAKE A BUSINESS PLAN? Key Insights & Blueprint

2. INDEX

3. WHAT IS A BUSINESS PLAN? A Business Plan can be defined as any document which identifies, describes, and analyses the techno-economic and financial feasibility of a startup or an already existing business. • Simple Business plan examples: • Start-Up Business Plans • Internal Business Plans • Strategic Business Plans • Feasibility Business Plans • Operations Business Plans • Growth Business Plans • A well written business plan can: • Turn any business opportunity into a viable project and, • Propel existing business entities into an upward growth trajectory • Create and establish all processes and strategies Index

4. WHY MAKE A BUSINESS PLAN? • Before creating an effective business plan, it’s vital to know the compelling reasons to draft it. • For starters, establish a Business focus, Attract top & mid level management team and Analyze the project viability. Index

5. WHY MAKE A BUSINESS PLAN? Get funded Attract the Management team Establish a business focus Investors, banks, The main objective of a business plan is to put in place a future strategy. It should incorporate goals or milestones, with detailed steps explaining how to reach each step. Investors look for a well-researched business plan, before planning to invest to understand the firm’s operations, crucially how they will receive a return on their investment. Business expansion and a larger scale of operations necessitate the recruitment of top-quality talent. Thus, a well-structured business plan helps to attract executive talent. Strategic Business Management Global analysis of Business Analyze the project viability Strategic business management and planning facilitates the setting up of overall business goals and consequently developing a business plan to optimize and achieve them. By studying a business plan’s financial projections, strategies, and the overall company description, shareholder or analyst can assess the feasibility of the business project. A global business plan acts as a strategic process guide that helps organizations in making key business decisions in its foray into international markets. Index

6. WHY MAKE A BUSINESS PLAN? Business milestones Functions as Business Card Revenue model Investors, banks, A business card is synonymous with the identity of the business. It introduces the business to potential stakeholders and offers an insight into the business The business plan lays out the long-term milestones and a step-wise plan of action critical to the success of the business. This part of the plan documents how the business will earn money for potential investors, i.e. its revenue model, its assumptions, challenges, and approach. Unlocking new opportunities Brand Positioning Business Repositioning The business is seen in a different light, with new ideas being constantly incubated concerning product/service marketing and business management. If the current sales and operations aren’t effective, one can rewrite and reposition the business plan to redefine, implement, and validate objectives, and strategies. Creating a business plan helps to define the company’s role in the marketplace and also optimally position the brand to potential customers, investors, and partners. Index

7. THINGS TO CONSIDER The secrets to writing a successful business plan consist of asking and addressing fundamental questions like: • Where do we want the business to evolve to? • Where you would like to see the business in the long term, i.e. the next five, ten, or fifteen years? • Revenue and profit expectations for the future? • The number of employees to be hired? • How would business expansion occur? Initially, it is ideal to start with a short-term plan applicable to a shorter period, i.e. a year or so. Index

8. FORMAT OF A GOOD BUSINESS PLAN 3. Management Plan 1. Executive Summary 2. Company Description Investors, banks, The management segment of the plan outlines the organizational structure, staffing plan, and the management roles and hierarchy Appearing at the start of the business plan, this provides a brief description of the company’s mission statement and products & services portfolio. This is an overview of the key aspects of the business, including the company history, goals, target clientele, and the USPs of the business 4. Operational Plan 5. Market Analysis 6. Competitor Analysis The operational part should clearly and transparently describe the functioning of the business, including the logistics and operational side of the company. A quantitative assessment of the state of the market and industry, examines the market size in terms of volume and value, customer segments and buying patterns. This analyzes the business vis-a-vis its direct and indirect competitors, including their SWOT and may include their current and potential product and service development. Index

9. FORMAT OF A GOOD BUSINESS PLAN 9. Funding requirements 7. Marketing Plan 8. Sales Strategy Investors, banks, A sales strategy plan is the company’s masterplan for securing stable, long-term revenues through the acquisition and retention of new and existing customers. This outlines the future funding requirements and financial plans of a company, usually for the next five years, especially when writing a business plan for a startup. It will showcase the marketing strategy, where and how the business fits into the market and how its products and services will be priced and promoted. 10. Financial Projections This key section shows anticipated revenue projections for the first 12 months and annual projected earnings for the second, third, fourth, and fifth year of business. The section should include a sales forecast, expenses budget, cash inflows and outlays, income statement, balance sheet, and a profit and loss statement. Index

10. WELL-DEFINED OBJECTIVE Writing a business plan for a startup: This involves the following activities: Developing the goals of the startup, choosing the business entity to be incorporated, budgetary analysis, regulatory compliance, with respective authorities for the start-up, risk analysis and mitigation, and keeping a close watch on the startup’s activities. Writing a Business Plan for Investors: Keeping potential investors in mind, we help create a unique, personalized business plan specifically focusing on the investment opportunity and funding goals, team overview, market opportunity, revenue model, target clientele, user acquisition and marketing strategy, traction & company milestones. My brand uses short sentences that demand action: Let’s go! , Let’s get started! Our products have been named after famous comedians, so we use these names to refer to each of our items on social media. Index

11. WELL-DEFINED OBJECTIVE SME Business Plan: Our business plan writing services for SMEs consist of creating the SME’s business action plan and objectives, strategic advice for business scenarios and funding options, and regulatory compliance advice. Large Enterprise Business Plan: Here, our business plan proposal is all about shaping business strategies, services, product diversification, and expansion strategy consulting. Vertical Specialization: This implies focusing on a niche domain or business sector to boost business development and project management workflows. Retail & eCommerce Business Plans: Leveraging on our years of retail and eCommerce expertise, we help in writing a successful business plan outlining the retail business roadmap and its growth strategy. My brand uses short sentences that demand action: Let’s go! , Let’s get started! Our products have been named after famous comedians, so we use these names to refer to each of our items on social media. Index

12. BUSINESS PLAN WRITING EXPERTS • Business plan writing experts shall analyze and review your business plan proposal in terms of: • Financials • Any creative ideas or action plan from you • Any other information • After freezing the terms of engagement, the format of business plan will essentially comprise: • Business Introduction • Executive Summary • Business Products backgrounder • Financial Projections & Budgeting • Final Business Plan Index

13. WHY YRC TO MAKE A BUISNESS PLAN? • Your Retail Coach (YRC), is a retail management and finance consulting company with a proven track record to help you in writing a successful business plan every step of the way. • We are amongst top business plan writers with established industry credentials in • writing a business plan for a startup • writing a business plan for investors • business plan development • market analysis. To prepare a Business Plan, the proposal has to be an agile, continually evolving operational document that can adapt to ever-changing business, customer, and market needs YRC’s Business Plan writing services believe in hand-holding and guiding you at each crucial juncture, adhering to a focused process-oriented approach to enable you to carve your own success story. To tap into new age growth opportunities and realize the true power of your business potential, reach out to YRC’s business plan writers today and embark on your journey to success. Index

14. CONCLUSION The blueprint to start your business project or venture, creating an effective business plan is necessary to chart out the process roadmap of any organization. Before creating an effective business plan, it’s vital to know the compelling reasons to draft it The plan should try to address queries like: Goals for the current year? Targets to be achieved to reach this goal? Set the well-defined objective before creating the Business plan, which should be analyzed and reviewed by Business Plan Writing Experts. Index

15. FOR MORE DETAILS To know more about “How to Make a Business Plan?” visit: https://www.yourretailcoach.in/key-insights-blueprint-on-how-to-make-a-business-plan/ • For India & South Asia: https://www.yourretailcoach.in/ • For Dubai & Middle East: https://www.yourretailcoach.ae/ • For Africa: https://www.yourretailcoach.africa/ • Business Process Xperts: https://www.businessprocessxperts.com/ 15 Index

16. THANKS! YOUR RETAIL COACH Email: consult@mindamend.net Index