A business plan is a document with a clear structure, which sets out the ideas, goals and objectives of the enterprise step by step, as well as a plan for their implementation. A business plan is always calculated for a certain period. It is needed to conduct business productively and effectively, to see risks and prevent them in time.
In addition, a business plan helps to forecast the results of commercial activities and formulate a development strategy. The more accurately the business plan is formed, the easier it is to manage the company’s operational activities.
What is a business plan
A business plan is a plan for implementing entrepreneurial activity, a document that discloses the order of development of an enterprise or project and lists the main risks.
A business plan contains:
- Information about the company or project.
- Data on production and sales of products, provision of services.
- Analysis of sales markets.
- Economic calculations for conducting business activities (main operations of the enterprise, marketing).
- Additional materials – appendices detailing the calculations (graphs, diagrams, photographs, etc.).
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Why do you need a business plan?
A business plan allows you to objectively assess the capabilities of a business and effectively organize its work. Thanks to a business plan, you can understand the payback of a project and plan the main challenges and risks in advance.
A business plan will also help you find creditors and investors if necessary . They usually finance projects that have clear parameters and structure. Therefore, it is important for a business plan to contain figures and analytics.
Main types of business plans
The main types of business plans include: orichenel herbszman
Business plan for obtaining a bank loan
Such a business plan must necessarily contain information about the volume of necessary investments, the competitive advantages of the project, its profitability and payback periods (return periods for invested funds) .
Business plan requirements for obtaining material data a bank loan may vary depending on the conditions of certain banks . When applying to several creditors at the same time, it is more appropriate to use international standards, such as UNIDO, since most bank requirements are based on them.