In the business plan, all the details related to the business's product or service should be provided, including all the surveys implemented by the business. These questions include: what stage of development is the product in? How unique is it? What are the methods used by the business to distribute the product? Who will use the business's product and why? What are the production costs of the product and what is its selling price? What is the enterprise's plan to develop new and modernized products? Pull funders into the business's product or service so that the funders will be as interested in the product as the entrepreneur. In the business plan, the entrepreneur should try to describe everything in simple terms - the definition of the goods and their attributes is very clear to the entrepreneur, but it is not always clear to others what they mean. The purpose of developing a business plan is not only to convince funders that the product of the business will have a revolutionary impact in the world, but also to convince them that the business has the arguments to prove it. The business plan's articulation of the product should make the funder think, "Oh, how wonderful and inspiring this product is!"

2. Dare to Compete

In the business plan, the entrepreneur

should meticulously analyze the competition. Who are the competitors? How do their products work? What are the similarities and differences between the competitors' products and the business' products? What are the marketing strategies

strategies used by the competitors? To identify each competitor's sales, gross profit, revenue, and market share, and then to discuss the competitive advantages that the business has over each competitor, to show investors that customers favor the business

because the business is a good quality product, delivers quickly, is positioned appropriately, is priced appropriately, and so on, the business plan has to convince its readers that not only is the business a strong competitor in its industry, but it will also be a strong competitor in the future. The business plan should convince its readers that the business is not only a strong competitor in the industry, but that it will be a leader in setting industry standards in the future. In the business plan, the entrepreneur should also spell out the risks posed by competitors to the business and the countermeasures taken by the business.

3. Understanding the Market

The business plan should provide investors with an in-depth analysis and understanding of the business's target market. It should carefully analyze the influence of economic, geographic, occupational, and psychological factors on the behavior of consumers who choose to buy the products of the enterprise, and the role played by each factor. The business plan should also include a major marketing plan that lists the areas in which the business intends to conduct advertising, promotional, and public **** relations activities, identifying the budget and benefits of each activity. The business plan should also briefly describe the business's sales strategy: will the business use outside sales representatives or internal staff? Will the business use resellers, distributors or franchisors? What type of sales training will the business provide? In addition, the business plan should pay special attention to the details of the sale.

4. Indicate the course of action

The business plan of action should be unambiguous. The business plan should make clear the following questions: How will the business bring its products to market? How will the production line be designed and how will the product be assembled? What raw materials does the business need for production? What production resources does the business have and what other production resources are needed? What are the costs of production and equipment? Does the firm buy or rent equipment? Explain the fixed and variable costs associated with assembling, storing, and sending the product.

5. Demonstrate your management team

The key factor in transforming

an idea into a successful venture is to have a strong management team. The members of this team must have a high level of technical expertise, managerial talent, and years of experience to give

investors the sense of, "Look who's on this team! If this company were a soccer team, they'd be killing it all the way to the World Cup finals!" The function of a manager is to plan, organize, control and direct the actions of the company to achieve its goals. In the business plan, the entire management team and their responsibilities should be described first, and then the special talents, characteristics and attainments of each manager should be described separately, describing in detail the contribution that each manager will make to the company. The business plan should also specify the management objectives and organizational chart.

6. Excellent Summary

The summary of the business plan is also very important. It must be able to keep the reader interested and eager for more information and it will leave a long lasting impression on the reader. Therefore, it is important to focus on the format of the business plan. The summary of the plan will be the last part written by the entrepreneur, but it is the first thing that the funders will look at, and it will extract from the plan

the details that are most relevant to raising capital: including a basic description of the company's internal situation, the company's capabilities as well as its limitations, the company's competitors, its marketing and financial strategies, the company's management team, and so on. A concise and vivid

summary. If the company is a book, it is like the cover of the book, and if it is done well, it can attract investors. It will venture capitalists have the impression that "this company is going to be a giant in the industry, and I can't wait

to read the rest of the plan."