Malaysia Hotline: +603- 2141 8908
A
business plan is an essential road map for business success. This document
generally projects 3-5 years ahead and outlines the route a company intends to
take to grow revenues in the future. A well-written business plan can mean the
difference between success and failure — not only when it comes to securing
capital, but also as it relates to actually running your company.
Why to make a business plan
A
business plan is a written document that describes your business. It covers
objectives, strategies, sales, marketing and financial forecasts. A business
plan helps you to clarify your business idea, spot potential problems, set out
your goals and measure your progress. You’ll need a business plan if you want
to secure investment or a loan from a bank. It also provides a clear picture of
your planning to your customers, suppliers and potential employees.
What to consider before making a
business plan
1. How
Long Should Your Plan Be?
2. When
Should You Write It?
3. Who
Needs A Business Plan?
4. Why
Should You Write A Business Plan?
5.
Determine Your Goals and Objectives
6.
Outline you Financing Needs
7. Plan
what you'll do with Your Plan
8. Don’t
Forget About Marketing
What to avoid in your business
plan
-Place
some reasonable limits on long-term (over one year), future projections. Better
to stick with short-term objectives and modify the plan as your business
progresses. Too often, long-range planning becomes meaningless because the
reality of your business can be different from your initial concept.
-Avoid
optimism. In fact, to offset optimism, be extremely conservative in predicting
capital requirements, timelines, sales and profits. Few business plans
correctly anticipate how much money and time will be required.
-Avoid
language or explanations that are difficult to understand. Do not ignore
spelling out what your strategies will be in the event of business adversities.
-Don't
depend entirely on the uniqueness of your business or even a patented
invention. Success comes to those who start businesses with great economics and
not necessarily great inventions.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my