Business Plan: The Complete Guide to Creating for Business!

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Business Plan: The Complete Guide to Creating for Business!

Business Plan: The Complete Guide to Creating for Business!

A business plan is a written document that every entrepreneur needs to prepare before running his business.

In general, we need to pay attention to some of the contents of the document that contains objectives, strategies, and various external and internal elements in running the business in the future.

So, how do you make simple business strategies? What do you need to make it? So that you can immediately run your business, let’s see the explanation until the end!

What is a Business Plan?

According to Hisrich and Peters (1995), an entrepreneur by describing or considering external and internal elements in starting a new business needs to make a business plan in the form of a printed document.

In general, the things that are stated in the business strategies document are the main goals and strategies of a company. The main goal must be able to be shown realistically by describing the various strategies under it. Examples are HR strategy, marketing, finance, production, infrastructure management, and so on.

Business Plan Objectives

As previously explained, every business requires mature steps to be able to move forward, survive, and develop. In a special document that is in the business plan. We need to explain some of the steps:

Why should it be written? Because the use of a business plan is not only for yourself. Friends of OCBC NISP sometimes need to explain this to employees, business partners, the government, and maybe even the bank.

By explaining it in writing, OCBC NISP friends can see the plan as a whole and observe every detail. Partners, employees, governments, and banks, can get a clear picture of what goals you want to achieve and how to achieve them.

9 Most Important Business Plan Components

Before discussing how to make a simple business plan, every friend of OCBC NISP needs to understand these 9 important points. What are they? Here’s the explanation:

Executive Summary

This executive summary is like a movie poster depicting what the atmosphere is like. In this context, the executive summary needs to explain the name of the company as well as a macro description of the business you want to run. For example, we want to work in a field and want to achieve a vision and mission.

Introduction

As an introduction, OCBC NISP friends need to explain the company background. Examples such as people who work, company structure, shareholders, and so on. You can also explain the vision, mission, and short-term and long-term goals within a certain period of time.

Production/Service Analysis

The business model is generally divided into two, namely products and services. If you want to sell a product, then you need to analyze what the core of the product is and how it is packaged.

You can also determine how to produce it, whether you have to create a new item or add value to an item without changing its shape.

If you provide services to customers, then you need to create a service delivery system, from preparation to the completion of services provided to customers.

If you provide services to customers, then you need to create a service delivery system, from preparation to the completion of services provided to customers.

The principle is to create a production system and service provision that is attractive, competitive, and relevant to customers so that customers can enjoy it.

Marketing Analysis

You need to explain the analysis of the targeted market. In addition, OCBC NISP friends can also explain how the competition might occur with competitors. Regarding the marketing section, you explain how the goals and marketing strategies are relevant to your company.

HR Analysis

Every company needs workers to be able to operate. There are different divisions needed in a company and each division needs different people. People with various abilities also need to be explained in order to know how the company’s operating system is.

Financial Analysis

Running a business requires capital, be it money, infrastructure, and others. You need to do financial analysis to be able to measure capital requirements, predict income, return on investment, return on investment, and also calculate leverage in running a business.

Business opportunities

Must handle the problems that exist at every opportunity. At this point, you need to explain what problems you might encounter and how to solve them.

Execution Business strategies

At this point, you need to explain how to execute or execute the existing plan. Starting from the beginning of making, production, and marketing, to get a profit.

Attachment

At this point, you can explain the legality of the company, certificates, and other supporting documents that can increasingly ensure the quality of your business plan.

How to Make a Good and Correct Business Plan

Well, now you have understood what a business plan is, why you need it, and what are the important points in the business plan. Next is to understand how to make a good and correct business plan. Here’s the explanation:

Doing Business Research

In the business plan points, we must understand the various analyzes that exist. The first way to make a simple business plan is to do research. You can run this research yourself or use the services of someone else.

The research should be relevant to your business, provide results to incorporate into a business plan, and address the majority of problems you may encounter when doing business in the future.

Define Vision, Mission, and Goals

Vision, mission, and goals are common in organizations. Your new business is no exception. The next simple way to make a business plan is to determine the vision, mission, and short and long-term goals.

Create Company Profile

To be more persuasive, the next way to make a business plan is to create a company profile. A company profile is a summary that introduces your company to various circles.

For example, you can include how the history of the company was founded, what products or services it provides, the target market, as well as ownership of company resources.

Record All Financial Transactions

At some point, you will need a business plan to make investments in certain investors. The fourth way to create a business plan is to record all financial transactions. That way, investors can understand your company’s cash flow and be more confident to invest.

Develop a Marketing Strategy

Finally, how to make a simple business plan is to develop a marketing strategy and execution plan, including the concept of strategy, promotional channels, to the required cost budget.

Running a business is not easy. But, that doesn’t mean you can’t take steps. You have understood what a business plan is, why it is necessary to make one, and how to make a good and correct business plan. Now just apply it in real life. Happy business!