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New Business Plan | Write a Business Plan for Startup

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New Business Plan | Write a Business Plan for Startup

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  1. RoadMaptodraftaprofessionalBusiness Plan–VentureCare

  2. VentureCare:Itisaveryimportantsectionwhiledraftingaclearbusinessplan.ExecutivesummaryVentureCare:Itisaveryimportantsectionwhiledraftingaclearbusinessplan.Executivesummary revealsthathowthecompanyisplanningforitsfuturegrowthandwhetherthisisdifferentfrom others’.Apartfromdiscussingorganizationalplan,product/serviceplan,marketingplan,survival andgrowthplanandfinancialplanitshouldalsoanswersomecriticalquestionssuchas:- Whythisbusinesswillbesuccessful? Whatistheriskappetitelevelofthebusinessowner? Whatistheleveloffundrequiredtosuccessfullylaunchthebusinessandhowmuchwillbe promoters’fund? Whatistheshort-termandlong-termgoalofthebusiness? Professionalbusinessplan BusinessDescription Thisincludesthecorerelatedareassurroundingthebusinessandproduct/services.Someofthe keyquestionscouldbe:Whatisthecoreareaofbusinesschosen?Whatistheproductorservice whichwillbesold?Whatisthegrowthpotential?Whatisthebusinesslife? Organizationaldescription Thisisallabouttheorganizationalstructureanduniquefactorswhichcompetitorsdonothave. WhetherthereisaplantohavePvtLtdorLLPoranyotherstructureforthebusiness.Hasthe businessideabeenconceivedbyasinglepersonormorepeopleareinvolved.Whetherthereis singledecisionauthorityetc.innutshell,thefollowingquestionsmaybeimportanttobe considered: Whatisthelegalstatusofthecompanyandfutureplan? Howmanyarekeydecisionmakers? Howmanymanagersarerequired(operationalsegment-wise) Howmanytechnicalpersonnelarerequired? Howmanysalespersonnelarerequired? Whatistheplantoincreasethenumberofpersonnelinnext12months? Productandservices Whatismarketedareactuallyproductsandservices.Thissectionshouldcomprehensivelyinclude eventhesmallaspectsrelatedtoproducts/services.“WhatistheUSPoftheproductandhowit servestheexactneedofthecustomers”shouldbeveryclearlymentioned.Ifservicesareattached totheproductthenfocusshouldbehighlightingtheadd-onbenefitswhichcustomerswillderive. Everyproducthasthelife.Thesectionmustmentiontheapproximateproductlife.Also,howthe companywillplanwiththenewormodifiedproductwithextendedorwithatleastearliersimilar benefits.Fewquestionswhichdrawattentionare: Isitastandardproductoracustomizedone? Ifitisstandardproductandanycustomerwishestoaddsomemorefeaturesthenisit possible?

  3. WhetherIPhasbeentakenontheproduct? Howproductmaturityshallbetackled? WhatwillbetheR&Dcostandmaintenancetothebusiness? Industry Industrydynamicsalwayschange.Thebusinessplanmustincludetheprobablechangesandthe waytoovercomethosechanges.Keysuccessfactorsshouldbeidentifiedandshouldbementioned thathowthecompanywillgoforward.Thecompleteindustryshouldbecategorizedintosegments andsub-segmentsandaccordingly,thecustomersshouldbeidentified.Thissectionmustinclude also: Whoarethetargetedcustomers? Whatisthesizeofthetargetedcustomers? Whoarethecompetitors?(innumbers) Whatistheexpectedmarketshareforthisproduct/service? Marketing Manybusinessplansusuallysaythatwhatmarketingchannelshallbeusedtomarketproducts/ services.ButasoundandexplanatorybusinessplanshouldclearlyexpressthatHOWMARKETING WILLBEDONE,WHICHCHANNELSHOULDBEADOPTEDANDTHEEXPECTEDTANGIBLE BENEFITSWHICHTHECOMPANYWILLDERIVEFROMINTERMSOFGROWTHOFCUSTOMERS. Thissectionshouldanswerthefollowingalso: Whythecustomerswillneedit? Howthepotentialcustomerscanbereached? Canthecustomersmanagetheirbusinessoperationswithoutthisnewproduct/service? Doestheprice(costtothecustomers)oftheproduct/servicejustifythebenefits? Threats Nobusinesscanavoidthreats.Itshouldbementionedthathowthepossiblethreatsshouldbe handled.Answeringthefollowingquestionsmaybebeneficial: Whatcouldbethepotentialthreats? Howfrequentlyitcancome? Whatwillbethelevelofimpactofthethreattothebusiness? Howthecompanywillovercomeit? FinancialsFinancialplanisoneofthecrucialaspectsbecauseultimateobjectiveistoraisefinance anduseitforvariouspurposes.Howmuchfinanceisneededatwhichplaceshouldbementioned? Thefollowingshouldbeincluded: Whatwillbethepromoters’contribution? Forwhatpurposethepromoters’moneyshallbeused? Whatwillbetheexitoptiontotheinvestors? Toconclude,

  4. Everybusinessplanisuniqueinitscase.Soitshouldbedraftedwithutmostcare.Moreover,itEverybusinessplanisuniqueinitscase.Soitshouldbedraftedwithutmostcare.Moreover,it shouldincludealltheplanningaspectsandshouldbeself-explanatory.Loopholes,ifany,shouldbe highlightedandalsothewaytoremovethoseloopholes.Thiswillmakethebusinessplanmore genuineandpresentable. Clickherehowtostartanonlinebusinesstoknowmore.

  5. ContactUs: HeadOffice(India) Sr.No-29,Ajikyatara,kalaniketan,VentureCare Bank,3031AVRotterdam,(NL) Pune,Maharashtra411043(IN) Phone:(020)-65363633 VentureCareBranchOffice(Netherlands) Dhankawadi,NearRajshriShahuJonkerFransstraat46, Phone:+31614575275

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