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New Business Plan | Write a Business Plan for Startup

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New Business Plan | Write a Business Plan for Startup

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  1. Howtowriteawinningandbest business plan - Venture care [Pickthedate]

  2. Executivesummary: Itisaveryimportantsectionwhiledraftingaclearbusinessplan.Executivesummaryrevealsthat howthecompanyisplanningforitsfuturegrowthandwhetherthisisdifferentfromothers’.Apart fromdiscussingorganizationalplan,product/serviceplan,marketingplan,survivalandgrowth planandfinancialplanitshouldalsoanswersomecriticalquestionssuchas:- Whythisbusinesswillbesuccessful? Whatistheriskappetitelevelofthebusinessowner? Whatistheleveloffundrequiredtosuccessfullylaunchthebusinessandhowmuchwillbe promoters’fund? Whatistheshort-termandlongtermgoalofthebusiness? BusinessDescription: Thisincludesthecorerelatedareassurroundingthebusinessandproduct/services.Someofthe keyquestionscouldbe: Whatisthecoreareaofbusinesschosen? Whatistheproductorservicewhichwillbesold? Whatisthegrowthpotential? Whatisthebusinesslife? Organizationaldescription: Thisisallabouttheorganizationalstructureanduniquefactorswhichcompetitorsdonothave. WhetherthereisaplantohavePvtLtdorLLPoranyotherstructureforthebusiness.Hasthe businessideabeenconceivedbyasinglepersonormorepeopleareinvolved.Whetherthereis singledecisionauthorityetc.inthenutshell,thefollowingquestionsmaybeimportanttobe considered: Whatisthelegalstatusofthecompanyandfutureplan? Howmanyarekeydecisionmakers? Howmanymanagersarerequired(operationalsegment-wise) Howmanytechnicalpersonnelarerequired? Howmanysalespersonnelarerequired? Whatistheplantoincreasethenumberofpersonnelinnext12months? Productandservices: Whatismarketedareactuallyproductsandservices.Thissectionshouldcomprehensivelyinclude eventhesmallaspectsrelatedtoproducts/services.“WhatistheUSPoftheproductandhowit servestheexactneedofthecustomers”shouldbeveryclearlymentioned.Ifservicesareattached totheproductthenfocusshouldbehighlightingtheadd-onbenefitswhichcustomerswilldrive. Everyproducthasthelife.Thesectionmustmentiontheapproximateproductlife.Also,howthe companywillplanwiththenewormodifiedproductwithextendedorwithatleastearliersimilar benefits.Fewquestionswhichdrawattentionare:

  3. Isitthestandardproductorcustomizedone? Ifitisstandardproductandanycustomerwishestoaddsomemorefeaturesthenisit possible? WhetherIPhasbeentakenontheproduct? Howproductmaturityshallbetackled? WhatwillbetheR&Dcostandmaintenancetothebusiness? Industry: Industrydynamicsalwayschange.Abusinessplanmustincludetheprobablechangesandtheway toovercomethosechanges.Keysuccessfactorsshouldbeidentifiedandshouldbementionedthat howthecompanywillgoforward. Thecompleteindustryshouldbecategorizedintosegmentsandsub-segmentsandaccordingly,the customersshouldbeidentified.Thissectionmustincludealso: Whoarethetargetedcustomers? Whatisthesizeofthetargetedcustomers? Whoarethecompetitors?(innumbers) Whatistheexpectedmarketshareforthisproduct/service? Marketing: Manybusinessplansusuallysaythatwhatmarketingchannelshallbeusedtomarket products/services.ButasoundandexplanatorybusinessplanshouldclearlyexpressthatHOW MARKETINGWILLBEDONE,WHICHCHANNELSHOULDBEADOPTEDANDTHEEXPECTED TANGIBLEBENEFITSWHICHTHECOMPANYWILLDERIVEFROMINTERMSOFGROWTHOF CUSTOMERS. Thissectionshouldanswerthefollowingalso: Whythecustomerswillneedit? Howthepotentialcustomerscanbereached? Canthecustomersmanagetheirbusinessoperationswithoutthisnewproduct/service? Doestheprice(costtothecustomers)oftheproduct/servicejustifythebenefits? Threats: Nobusinesscanavoidthreats.Itshouldbementionedthathowthepossiblethreatsshouldbe handled.Answeringthefollowingquestionsmaybebeneficial: Whatcouldbethepotentialthreats? Howfrequentlyitcancome? Whatwillbethelevelofimpactofthethreattothebusiness? Howthecompanywillovercomeit? Financials:

  4. AfinancialplanisoneofthecrucialaspectsbecauseultimateobjectiveistoraisefinanceanduseitAfinancialplanisoneofthecrucialaspectsbecauseultimateobjectiveistoraisefinanceanduseit forvariouspurposes.Howmuchfinanceisneededatwhichplaceshouldbementioned?The followingshouldbeincluded: Whatwillbethepromoters’contribution? Forwhatpurposethepromoters’moneyshallbeused? Whatwillbetheexitoptiontotheinvestors? Toconclude: EveryBusinessplanisuniqueinitscase.Soitshouldbedraftedwithutmostcare.Moreover, itshouldincludealltheplanningaspectsandshouldbeself-explanatory.Loopholes,ifany, shouldbehighlightedandalsothewaytoremovethoseloopholes.Thiswillmakethe businessplanmoregenuineandpresentable. VentureCarecanhelpyouwiththeBusinessPlanServices,Clickheretoknowabout ourBusinessPlanServicesinIndia. Ifyouhaveanyquerypleasecommentinthecommentboxbeloworcalluson02065363633

  5. ContactUs: HeadOffice(India) Sr.No-29,Ajikyatara,kalaniketan,VentureCare Bank,3031AVRotterdam,(NL) Pune,Maharashtra411043(IN) Phone:(020)-65363633 VentureCareBranchOffice(Netherlands) Dhankawadi,NearRajshriShahuJonkerFransstraat46, Phone:+31614575275

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