Business Plan As My Selling Point

PreparedAngela IHUNWEZE(Mrs)

CEOANGELA ITAMBO

www.angelaitambo.com.ng08033280453

Inside presentation

• What is a business plan• Why you need to write a business plan• Types of business plan• Content in a business plan• Critical factors in a business plan• Pitching your business plan

What is a business plan

A road map towards actualizing your business goals and objectives

An organized document depicting the present state of the business and series of steps you wish to take to move your business to its desired level

What is a business plan part 2?

• A written document that outlines all the elements that will transform your business ideas for your business either a startup or already existing business into a viable business proposition with the aim of achieving more profit to all stakeholders and giving your business an edge in a volatile business environment such as ours.

Why you need to write a business plan?

• World wide it is known as a tool for securing funding; furthermore there are other needs for business plan

• An internal document used to structure your ideas for your business into a series of well coordinated actions towards achieving your goals and business objectives

• Forces you the entrepreneur to formalize your vision and research to answer hard questions about the company, its industry and the competitive landscape

• Through it you can set realistic targets based on facts to followed by your workers

Types of business plans • Startup plan; this is a standard plan prepared for a new

business this will list all the actions that should be taken to start the business on the right foundation

• A feasibility plan is a very simple start-up plan that includes a summary, mission statement, keys to success, basic market analysis, and preliminary analysis of costs, pricing, and probable expenses. This kind of plan is good for deciding whether or not to proceed with a plan, to tell if there is a business worth pursuing.

• Internal plans are not intended for outside investors, banks, or other third parties. They might not include detailed description of company or management team. They may or may not include detailed financial projections that become forecasts and budgets. They may cover main points as bullet points in slides such as PowerPoint slides) rather than detailed texts

Types of business plans part 2• A strategic plan is usually also an internal plan, but it focuses more on

high-level options and setting main priorities than on the detailed dates and specific responsibilities. Like most internal plans, it wouldn’t include descriptions of the company or the management team. It might also leave out some of the detailed financial projections. It might be more bullet points and slides than text.

• A growth plan or expansion plan or new product plan will sometimes focus on a specific area of business, or a subset of the business. These plans could be internal plans or not, depending on whether or not they are being linked to loan applications or new investment. For example, an expansion plan requiring new investment would include full company descriptions and background on the management team, as much as a start-up plan for investors. Loan applications will require this much detail as well. However, an internal plan, used to set the steps for growth or expansion funded internally, might skip these descriptions. It might not include detailed financial projections for the whole company, but it should at least include detailed forecasts of sales and expenses for the new venture.

Contents in a business plan

• Table of contents• Executive Summary• Company overview or Business concept

overview• Market analysis• Business and strategy• Financial modeling

Critical factors in a business plans

• The business concept• The need analysis• The business environment analysis• Market potentials• Risks and analysis• Financial requirements• Financial modeling.

Pitching your business plan

• Less is more; prepare a speech or a PowerPoint presentation with less words

• Dress to look the part of the type of entrepreneur you are• Speak from the heart , show the passion behind the business• Think like the investors;A bank wants to know if your cash flow can recoup the investmentA venture capitalist wants to know if you have a competent

management as well a sustainable customer base that is has a growth path

Donot be arrogant or argue, rather acknowledge opposing views and be calm and answer. Donot be repetitive.

How can you can have business plan?

• Write it yourself• Use a software• Work with a professional business plan writers

such as Angela Itambo business plan writers; we have

prepared quite a number of business plans especially for MSMEs

Contact us Angela Itambo Company08033280453

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