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A business plan is a vehicle for finalizing the idea of starting a business in black and white. In the conception or introduction of a business, you can follow the following format:
●The type of business: including the name of the business, business organization, business projects or the name of the main product, which is the most basic content of the business.
●Funding: Funding refers to the source of funds for the business, which should include the ratio of personal and other people's contributions, bank loans, etc., which will affect the shares of the whole business and the distribution of dividends. In addition, the entire business plan of the total amount of funds allocated to the proportion, should also be clearly documented, if you are hoping to apply for a loan with the business plan, you should also specify the specific purpose of the loan.
●Stage goals: Stage goals refer to the short-term, medium-term and long-term goals of the business, mainly for entrepreneurs to understand the possibility of their own business development and the goals of each stage.
●Financial Estimates: Detailed estimated income and estimated expenses, and even the first three years or five years after the establishment of the business, each year's estimated operating income and expenses, the main purpose of these estimates is to allow entrepreneurs to calculate the profit, and know when to reach break-even.
●Marketing strategy: Marketing strategy includes understanding where the market for a service or product is? Where are the sales methods and competitive conditions? The main objective is to find out the target market position.
●Possible Risk Assessment: This item refers to the possible setbacks that the entrepreneur may suffer during the process of starting a business, such as: changes in the economy, competitors are too strong, loss of customers and so on, these risks to the entrepreneur, or even lead to the failure of the business, so the assessment of the possible risks is an indispensable item in the business plan.
●Other: including the motivation to start a business, the roster of shareholders, the number of scheduled employees, business organization, management system and future prospects.