1 / 11

Writing a Business Plan Do It Yourself or Hire Someone?

If you are interested in starting your own business you should carefully consider writing a business plan. This is a vital step in starting a successful business; it is a roadmap outlining how you plan to maintain and grow your business. According to the U.S. Bureau of Labor Statistics 90% of businesses fail in the first 4 years. Even if you do not need funding to start your business you should write a plan for yourself. This will allow you to see if your ideas are realistic and if a profit can be made.. In this PPT, I have described about writing a business plan by yourself is a good technique or not.

ProBusinessPlans
Download Presentation

Writing a Business Plan Do It Yourself or Hire Someone?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WRITING A BUSINESSPLAN:DO ITYOURSELFORHIRE SOMEONE?

  2. Preparingabusinessplancanbeanespecially complex, nerve-racking, process. Whetheryouareplanningtowritethis yourselforhiresomeone, thereareseveralthingsyou needtoknow. Learningwhatcomponentsare involvedinabusinessplanandwheretofindhelp willmakethisprocesslessstressfulandquiteabit easier.. and time consuming

  3. WRITING A BUSINESS PLANYOURSELF CompanyOverview IndustryAnalysis CustomerNeeds MarketingandSalesStrategy FinancialReview TODAY'S HIGHLIGHTS

  4. COMPANYOVERVIEW: Thisisyourmissionandthevisionyou haveforyourbusiness, companyvalues, the productsand/orservicesyouplantooffer, andhowthecompanyisorganized. Furtherdetailonthecompany'sunique qualificationsithasinservingitstarget audienceshouldbeincludedaswell.

  5. INDUSTRY ANALYSIS Thisiswhereyouevaluateyourcompany's competition; canyoucompete? Howbigis thetargetmarket? Whatistheeconomic situationforyourtargetedcustomer's? Whataretheprospectiveindustry'strends? Istheindustrythriving? Allofthese questionsneedtobeansweredwhich requiresalotofresearch.

  6. CUSTOMERNEEDS: Whatareyourtargetedcustomer'sneeds? Thisisoneofthemostimportantaspects ofbusinesssuccess. Meetingcustomer needsistheonlywayabusinesscan succeed; makingitexceedinglyimportant toentirelyunderstandpotentialcustomers lives.

  7. MARKETING AND SALESSTRATEGY: Amarketingandsalesstrategyisa particularlyimportantpartofthisplan. This sectionshouldbeeasiertowriteafter completingtheindustryanalysis. Knowing allaboutyourintendedcustomersshould makecomingupwithamarketingplan easier. Thissectionshouldinclude marketingandPRtechniquesyouintend touse, aswellasthingssuchascold calling, websiteadvertising, etc.

  8. FINANCIALREVIEW: Thisshouldbewrittenattheveryendof yourplanandiskeyindetermining whetheryourbusinessideaisfeasible. A financialreviewbasicallybeginswitha salesforecast; followedbyanexpense budgetandacashflowstatement.

  9. THEREAREMANYCOMPANIES THATOFFERFREERESOURCES TOHELPYOUTHROUGHEACH STEP. INADDITION, YOU SHOULDBYALLMEANS CONSULTWITHANATTORNEY ANDANACCOUNTANTWHEN PREPARINGTOSTARTA BUSINESS. IFYOUBELIEVE YOUCANWRITE A BUSINESS PLAN YOURSELF

  10. IFYOUARENOT CONFIDENTTHATYOU CANWRITEAPLAN YOURSELF THEN YOU MAY NEED TO HIRE EITHER A CONSULTING FIRM OR A PROFESSIONAL PLAN WRITER. THERE IS A VERY BIG DIFFERENCE IN WHAT EACH WILL DO FOR YOU; MAKING IT OF EXTREME IMPORTANCE TO UNDERSTAND THE DIFFERENCE.

  11. Let'stalk! PHONE +1 (800) 409-4044 EMAIL info@probusinessplans.com MAINOFFICE 10880WilshireBlvdSuite1101 LosAngeles, CA90024 www.probusinessplans.com

More Related