TOP 8 STEPS OF

WRITING A
SMALL BUSINESS
PLAN

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 Starting a business is not an easy
task.

 An entrepreneur has to work

virtually 24/7 of their lives with no
end in sight in taking the business
to heights.

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 It
is always good to plan before
starting any business and know
what you are getting into before
anything serious occurs.

 No matter how big or small your

company is, a good and
professionally written business
plan always helps you a great
deal.
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 BE CLEAR ABOUT WHAT YOU ARE
SELLING

Spend enough time in defining who you are,

what your company does, what you are
selling and what the benefits of your product
are.

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 Before starting any business, it’s good to
consult a good legal representative.

 They will guide you in a better way than

anyone else.

 For small businesses, creating a proper

legal structure will save business owners
headaches later on.

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Mission, vision and objective statements
are the main parts of your small
business plan. They may all look the
same, but are entirely different.

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  Vision & Mission statement:
Represents where the management
wants to lead the company and how
they plan to reach there.

 Objectives:Represents the definitive

goals of the company.

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 It’salways good to show SWOT
analysis in your small business plan.

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 Thiswill help you to evaluate your
compatibility with the venture you are
getting into.
 Be very careful in analyzing your
strengths, weaknesses, opportunities
and threats.

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 CONDUCT A THOROUGH
RESEARCH ON YOUR
TARGET MARKET
Conduct comprehensive study
on your target market.

Internet is the best research tool

from where you can collect
authentic and realistic data on
your target market.
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  Understanding and addressing your
customers’ needs is very important if you
have to take your business towards
success.
 Customers’ need and expectation from your
product and the benefits of your product are
the most important parts of a small business
plan.

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  Conduct a thorough research on your
competitors.

 Focus on every small point, the products and

services they are offering, their strengths and
weaknesses, etc.

 A well-conducted competitive analysis will help

you make your product better than your
competitors.
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 Revenue projection helps investors know how
you are going to run your economic engine.

 Investors invest in a company in order to get

profit.

 You have to show them that you have the

potential to provide them large amount of
profits.

 Be realistic with the revenue projections. Don’t

overestimate!

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 A small business plan is usually written in
order to impress lenders, angles or VCs for
attaining loan.
 A professional and well-written business
plan is equally important tool for both young
and established businesses.
 It must contain all important points that an
investor needs to know about your
company.
 If you want to impress your investor and
lender, then it is necessary that your
business plan should be professionally
written.
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 THE ENDE
WHERE CAN I END
GO FOR MORE
INFORMATION?

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CALL +1-800-351-0557
INFO@BIZPLANCORNER.COM