HOW TO WRITE A WINNING BUSINESS PLAN

HOW TO WRITE A WINNING BUSINESS PLAN
BASOLA A. VICTOR

If you fail to plan, you are on your sure path to failure……
Before you start any Business of whatsoever magnitude, no matter how small/big it might seem, you have to get it right from the first brick, else you are setting up an already collapsed building. Only a mud house is built without plan and I believe that’s not the kind of Business you are grooming.

A Business plan is a working plan that describes the fundamentals of your Business Idea and provides the fundamentals of your Business idea and provides financial data to show that you will make “good money”. Whether you are trying to attract investors or you are creating a blue print for your own use. Your business plan must be workable and appealing.
A winning business plan follows (but not limited to) the following procedure;

1. A statement of the purpose of the business (mission and Vision statement)

2. A detailed description of how the business will work; including what your product or service will be; whether you will have employees, who will supply the necessary raw materials and where you will best be located.

3. An analysis of your market, that is who your customers will be and a description of your Marketing Strategy (How your Business will reach plenty of customers) and fend off possible competitors.

4. An evaluation of your main Competitors and your competitive profile. Stress the advantage of price, quality, warranties, service and distribution. Include your Operational and Management strength.

5. A Resume setting forth your personal Accomplishment or that of your management team.

In the eyes of the investors, the quality of the management team often determines the potential success of the company or success. Consequently, this section should cover career highlights, accomplishments and positions held, with an emphasis on good performance records. Describe how the ream has worked together in the past and include their resume.

6. A detailed financial information including your best estimates of your startup cost, revenue, expenses and above all, your “ABILITY TO MAKE PROFIT”.

7. A persuasive request for funds (if you need external aid)

Finally, every part of your Business plan should reveal the beauty of your business idea. You want to show potential lenders, investors or people you want to work with that you have hit upon a product or service that customers really want.
Never you “Start a Business Without A Business Plan.
Till we meet again, Go be the solution to your world.

About The Author
Basola A. Victor is a Marketing Expert and a Business Consultant. He is the CEO of BASH Concepts International, a Business Solutions Firm dedicated to becoming a one stop source for overall Business Development.
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