Tip 1: Why you need a business plan

Business

Tip 1: Why you need a business plan

Beginning entrepreneurs face suchconcept as a business plan. They do not understand why a business plan is needed. Some businessmen neglect its compilation. But in vain, because it contains all the main aspects of the future company, that is, this document is a kind of tool for organizing and conducting economic activities.

A business plan is a document that will help youto analyze the chosen idea for realism and reasonableness. This document can be read by both external and internal users. The first category includes investors, banks and other financial and credit organizations. The second group includes the founders, managers and other employees of the company. A novice entrepreneur for investment purposes must demonstrate in the business plan the possibility of making a profit, the payback period of the project, possible risks when investing funds and other indicators. At the same time, the document can be used as a management tool for the company. Some successful businessmen achieved high results due to the fact that they acted strictly in accordance with the business plan. This document should also contain calculations that will make it possible to assess the realism of this type of activity. The entrepreneur indicates possible costs and incomes in the business plan, that is, estimates the costs of acquiring equipment, manufacturing products or performing services (works). Based on these data, you can calculate the approximate size of net profit and the payback period of the project. Also, the document should include information about possible risks, problems and possible errors. The document specifies ways to solve the alleged problems. In order for a business plan to be a tool for doing business, it is necessary to determine the indicators with which you can control the work of the enterprise. That is, in this document should be spelled out a certain strategy of doing business, helping to withstand the competition. When drawing up a business plan, the strengths and weaknesses of the idea are identified. For example, the novelty of the product (service), the low cost of material and raw materials, relates to strong factors; To weak factors it is possible to carry the big expenses for manufacture of production, absence of experience, etc. This document is drawn up with a perspective of at least three years. It is not necessary to calculate net profit, sales volume and other indicators for each month, it is enough to do this quarterly. When composing a business plan, the founder or several must be present, since it is he who models his activities and projects it into reality. The document should not be "embellished" prospects, even if the plan is drawn up in order to obtain assistance from investors. Remember that in the future because of your actions you may have problems. Since the economic situation in Russia can dramatically change, the business plan is not a guarantee that the activity will be successful. Therefore, with a sharp change in the economy, it is worth reviewing the decisions and making some adjustments to the document. Business plan is better to be paired with a specialist. From all of the above, the answer to the question "why a business plan is needed" can be as follows: this document is a kind of instruction for a novice entrepreneur, a plan is being developed for the purpose of literate organization and conduct of business. With the help of it, you can build a strategy, plan your business expansion and modernize production.

Tip 2: How to create an internal business plan independently

Any business plan is a business card of a businessman, becauseit is for him to decide whether to give a loan in the bank to this businessman, whether it is worth investing his investors in this project. Therefore, one must take into account the business planbut with the maximum responsibility.

Instructions

Decide on the tasks business planbut for whom you will write it. That is, first you need to determine the purpose of writing business plana. If you write business plan to attract investment, the structure will be one. And if for the development of some new project, then focus on other things. Some special method of writing business planbut not.

Write about what you have already achieved, set out a business idea. This item should be observed not only when raising external financing. It will be needed, even if you write business plan only for myself. Having data on what you have already achieved, it is easier to make plans for the future.

Outline the main objectives of the project, tell us howwill implement them in practice. This is the most important point in which you need to explain what's what and why. It is very important to state what you are going to achieve with a new project and how. Just pointing out the goal is small, you need to explain in detail how they will be received.

Calculate the approximate profit of the project, its financing, cash flow. This is the most difficult point business plana, which is not always easy for entrepreneurs. At the same time, this part should be well thought out, especially if you are business plan to attract investment.

Decide on the resources needed to achieve the goal: people, technology, etc. This must be done. It may be that the available resources are not enough to achieve the goals.

Calculate the qualitative and quantitative indicators of the plan. You need to determine how you will report on the implementation business planand when it is run, run the company. This paragraph indicates the adjustments that will occur as the implementation progresses business planbut, because to do everything as written, hardly anyone will succeed.

Tip 3: How to write a business plan for a project

Before opening any enterprise, you need to create business plan. This is a map of your future path, describing all the stages of the formation of business. In addition, this document is necessary in some cases to obtain financial support for your activities.

Instructions

Gather all the information about your business. Include here information about the organization, the product or services offered, customers, the market, the main competitors and potential risks.

Write a resume. Specify in it information about your education, work experience, basic skills. This will help coordinate future activities in accordance with these data. The resume should be at the beginning of the business plan.

Describe your organization. Explain the objectives of the planned business. Indicate if you have experience in this type of activity. Think about which of your skills will be needed to achieve the goal. It is better to write down the basic actions in the form of tasks and choose the most optimal methods for their implementation.

Describe your product or service. Explain why it will be in demand for society. Analyze all planned costs. List the main sources of funding.

Imagine a segment of the market in whichyour product. Describe its general trends. Include information about your target customers, provide their demographic data and consumer interests.

Create a marketing plan. Explain how you will stimulate sales through advertising and public relations. Calculate the total amount of all costs. Write your annual income and expenditure forecast.

Tip 4: How to start your business in Ukraine

Start your own business on Ukraine it is not difficult theoretically, but it is necessaryto familiarize with the basic documents. You must clearly represent your actions, which will help you to coordinate and not to allow fairly common mistakes.

Instructions

The procedure for registration of an individualentrepreneur. Contact your local tax office with the required documents. Within 5 days, from the date of submission of data, the tax authorities must confirm the state registration of the individual entrepreneur.

Decide on the specifics businessa. Today there are organizations that provide assistance and support for small and medium businessa. You will be helped to form a literate business-plan, calculate the expected profit, describe the category of necessary costs, teach you how to work in this direction.

Finally, decide whether you are ready to go this way. In addition to financial costs, business requires a big return and takes, in practice, all the free time. You can not build a successful business, not giving himself completely to him.

Tip 5: How to start a business with furniture

If you enter any room and constantlythink about how to equip it better, then probably the furniture business is your vocation. As an option, you can open a store for selling furniture, which will bring a stable profit.

Instructions

Develop business-plan. It provides a deep coverage of all the tasks that must be performed before opening the store. Also business-plan will help to properly take into account the required funding. You need to think how to apply all your experience with furniture to create a reliable businessa.

Choose the right place for the furniture store. You need to know in which area it is best to open the desired type of institution. It is worth considering all the places where people prefer to go shopping and do it most often. If you specialize in a particular furniture line, you can join forces with other dealers.

Get funding for the furniture store. Your business-plan should contain accurate information on how much funds are needed to open and develop a furniture store. Contact your local bank for an appropriate loan.

Obtain a suitable room or signlease agreement with the owner. Prepare to open a furniture store. It is necessary to organize the internal space accordingly. In addition, the store should look presentable from the outside. Think of a catchy name and decorate a beautiful sign.

Hire employees and make sure that all of themproperly trained and ready to perform the required work. Find furniture suppliers who will suit you for prices and quality of service. Do not forget to install phones and create a website on the Internet for timely communication with customers.

Make a grand opening of the company. Some companies prefer at the beginning of their activity to produce small cards or flyers that can be quickly distributed around the area and quickly attract the first customers. Establish a system of discounts and special offers, do not forget to actively advertise the store in popular media.