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Shvoong Home>Business & Finance>Management & Leadership>Key to Successful Business Plan Review

Key to Successful Business Plan

Academic Paper Review   by:ivandem     Original Author: Johan Febr
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This abstract was translated from Kunci Sukses Rencana Bisnis (Business Plan)
 
Step 1. Start your own business plan with a summary

Most of the investors and creditors are potentially inundated with proposals and opportunity, so it should be made one or two page summary of the focus and clear. Summary will give the initial impression of whether the business proposed to be researched further convincing. Your business plan must show the uniqueness of the business.

Step 2. Describe your business, business type, objective and ultimate goal

In this section we describe the current condition of your business is mainly about the main objectives and targets.

Step 3. Market analysis and determine the marketing strategy

Understanding the market conditions are an important key to the success of your business. A good product is not enough to guarantee the success of marketing. For example, you produce a product that''s great but no one is buying it. If this happens then this is where the need for market analysis specifically aimed at increasing customer confidence. Perhaps in this case required a one-page summary of a marketing plan based on market analysis and if needed some supporting documents can be attached

Step 4. Tell us about your goods / services and how the resulting product

Describe the goods / services with easily understood terminology. Describe the environment that you have a competitive advantage and why people prefer a product that you produce from the competitors'', the advantage to choose the goods / services, and how to sustain its sales.

Step 5. Describe the organization''s management

This section should you explain how the following organizational structure management system. Please list the names of staff, managers, owners and management team that is responsible and their qualifications. To write this section may be other modules that can help you, such as how to determine the appropriate structure for your business

Step 6. Describe the implementation of business

This section should explain briefly how the company is run or business operations. Explain in more detail about the business location, facilities, equipment, and availability of raw materials, labor unions, working hours and methods of recording.

Step 7. Financial forecasts (capital)

All forms of business financing needs forecasts. These forecasts will show not only how much money is needed but also the potential value of an investment or credit membayaran capabilities in the future. The preparation of financial forecasts for the better is an important first capital in your business. It is for investors or lenders will also constitute the feasibility of your business. Therefore, the plan requires:

1) Determine the need for funds in the amount requested

2) Indicate your ability to realize the investment or loan payments

3) Indicate your understanding of financial aspects and the impact on your business growth plans

Forecasts made at least for the next three years, because it is a realistic period to avoid assumptions and speculation. Forecasts should be broken in at least a monthly duty cycle of up to show a positive balance. This is important because the annual cycle can hide some of the issues that should be disclosed in a business plan.

Step 8. Outline planning for the future

It is important to always keep in mind, whether the business plan for a new business or expand an existing business, which you can show a continuing income. Therefore, make sure to include in the writing of the document:

Step 9. Other Considerations

· Table of Contents

· Addendum supporting documents:

1) Resume / CV owners and key personnel

2) Financial statements of business owners that may include asset, eligibility, and relationships.

3) Letter of credit guarantees including letters of credit from suppliers and personal credit history.

4) Letters of evidence facility rental, equipment and other property.

5) Letter of reference

6) The contract business that has been resolved and there.

7) legal documents including a certificate in the business of business, insurance, contract, patent, etc..

Other letters are expected to support the effort.
Published: April 09, 2012   
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