The tips for business plan writing
To have a good business plan is very useful. It help you to achieve
your goal. Let you have clear picture about the market, your
competents, your customers, your team and your financial situation...
If you need financing, the business plan is the key to win the investment.
There are some tips below.
1. Know your business as much as possible, such as your
products/service, market, competents, your partners, your labour force
and customers, and so on.
2. Never overdo, to be concise, focus to what need to say.
3. What is your competetitive edge? This is very crucial!
4. What is your vision, goal and targets in short and long terms.
5. Financial Analysis, especially cash flow.
6. In case there is trouble to run the business, what are you going to do?
7. Why you are the suitable person to run the business?
8. What are the problems and difficulties you face? How to deal with them?
9. What is the investment return expectation for short and long terms?
10. If you put more money and time in your business, how risk it is?
11. Write down answers above in your business plan.