A business plan is a written document that describes in detail the full operation of your business.
A business plan is the road map that gives an investor or any person an understanding of what your business is about.
It is important that before you start any business you undergo the discipline of writing your business plan, this helps you to articulate:
- Your vision statement?
- Your mission statement?
- Your core values?
- Why you’re in business?
- Who are your customers?
- How to attract them?
- What gives you an edge?
- Why should they buy from you?
- How much are you investing?
- Assets Etc.
A business plan has to capture not just your present reality but also your future business goals.
Every business regardless if it’s a startup or not must define its objectives and how it operates. A business plan also lays out a written roadmap for the firm from marketing, financial, and operational standpoints.
Next we shall be looking at how to write a business plan, this will help you in writing your business plan.
Remember, it’s the beginning of the year, and there will be many investors looking for where to invest. No one will invest in you without a first seeing your broad documented perception of your business.
Your business plan will tell if you’re either running a business or a still having a play time. It is high time you position and get ready for that opportunity.