“Failing to plan is planning to fail.”
The importance of drafting a business plan is vital. Many business owners are under the impression that their passion and confidence will be enough to create a successful business. Operating without a business plan proves to be more time-consuming as well as costly in the long run.
7 Benefits of a business plan:
- A clear statement of your business mission and vision
- Benchmarks to track your performance
- A clear analysis of your industry, including opportunities and threats
- A map of your major competitors and your strategies for facing them
- An assessment of your company’s strengths and weaknesses
- A roadmap and timetable for achieving your goals and objectives
- An analysis of your revenues, costs, and projected profits
Under guidance of your business coach, you can build a comprehensive business plan, including strategies for improvement, financial projections, and other key areas expected in a business plan, which include:
- Executive Summary
- Business Overview
- Industry Analysis
- Client Analysis
- Competitive Analysis
- Marketing Plan
- Sales Plan
- Operations Plan
- 5 Years Financial Plan
- Appendix Information
- Historical Financial Reports
- Strategies for Improvement
The incredible thing about this plan is that you and your team can go back into the planning portal and update it at regular intervals to keep on track and to monitor how you are progressing.
How to write a business plan?
If you don’t have a simple business plan, how do you know where you are going? If you want to get your team on the same page, and share a clear direction, or if you would like to show the bank or a financier where you are taking the business, this two day business planning workshop will give you a professional plan. During our 2-day business workshop we support our clients to build their financial information from the ground up. To assess their assumption regarding Product, Position, Price and Place! To assess their assumptions regarding unit sales, pricing to the consumer and the underlying costs to run the business.