5 Tips For a Successful Business Plan

You master the structure of the business plan but still struggle to find some good ideas to get started? Follow these tips to learn how to write a solid and convincing plan and put the odds on your side.

The plan to be compiled to solicit economic partners – in particular potential investors – must enable the reader to quickly understand what is involved, to know who the project manager is, to assess the value of the preparation of the project, to take a position on the project.

Tips To Write A Solid Business Plan

Tip 1: A Neat Business Plan

To arouse favorable interest in the reader, this document must have an impeccable presentation. It is often said that the first impression is always the right one! Bet on good readability (judicious choice of print characters and symbols, layout, etc.) with correct pagination and a summary. Place the text by spacing out the paragraphs.

Remember to proofread and have yourself proofread to avoid spelling, chord or conjugation errors. The main objective of presenting a neat plan is to reassure the reader about the seriousness of your project.

Tip 2: A Concise But Complete Business Plan

There really aren’t any rules on this. On average, a plan comprises ten to thirty pages, excluding appendices. In order not to unnecessarily weigh down the plan, it is more judicious to gather all the supporting documents in a second plan.

Above all, you have to think of the reader: it will most often be a busy and busy person. The best service that we can render him is to facilitate his work, by entrusting him with a sufficiently synthetic document. We must therefore go to the essentials. However, be careful not to forget anything that allows you to judge the feasibility and viability of the project. All these aspects of the project must therefore be addressed, without exception.

Tip 3: A Clear And Well-Structured Business Plan

It must be written in a simple and easily understandable style, avoiding any jargon: you must always put yourself in the shoes of the uninitiated reader.

Be careful to order it logically with a breakdown into parts and subparts. The titles given to the chapters should help the reader in understanding the whole subject. There is no absolute rule in the presentation of the content of the business plan also called business plan. What is important is to respect a certain logic. Regardless of the order chosen, you must include the following elements:

The Summary
Presentation of you and your team
The General Presentation of the Business Project
The Economic Part of the Project (presentation of the product(s) and services, the business model, the market study, the business strategy, the marketing mix, the commercial objectives and the estimate of the forecast turnover, the permanent expenses , tangible and intangible investments, staff, etc.)
The Financial Part which includes the following financial tables: (initial financing plan, 3-year income statement, 12-month monthly cash flow plan, 3-year financing plan).
The Legal Part: choice of the legal structure, choice of the social status of the leader, etc.)

Tip 4: A Precise Business Plan

To be credible, one must only affirm verifiable things. You must therefore be careful to cite your sources of information: references to books or studies, press clippings, identity of the expert whose comments are being reported, etc.

Also remember to include in the plan of appendices, a maximum of supporting documents (copies of articles, reports of conversations or telephone interviews, or better still: letter requested and obtained from the expert so that he confirms his sayings, etc).

Tip 5: A Sales Business Plan

It is a question of remaining credible content, but the plan must emphasize the strong points of the project. Thus the arguments developed, put in bold or underlined when they are stated, will be summarized in each chapter or part of the plan concerning them, so as to influence the reader and help him to favorably structure his perception of the Project.

5 Tips For a Successful Business Plan

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