Monday, September 15, 2008

How do you make a business plan?

Making a business plan can be very difficult especially for someone who has little or no experience at all. You will find on the internet and a lot of books with a lot of models for business plans. You could make your own business plan, but it has to contain some part that is obligatory.





The structure



It is not a standard structure for all models, you should structure it according to the purpose of making it: for share holders, for the management, for getting finance. But all business plan should have the following parts:



The product / services, and what market it`s addressed to.



The competition - What technologies are they using, what is their market share, who are their clients



Clients and suppliers - Who are your suppliers (remember, you should always have more than one supplier because you should not depend on just one.), who are your clients.



Marketing - Market size, the segmentation of the market, who is your product address to.



Risks - You always take in consideration the risks and you should minimize them



Management - Who is the management of the company, what experience do they have





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