The First Planning
Posted in business on August 24th, 2009 by Admin – Comments Off
This easy absurd conversation is intended as a contrast to the work you now to start with. To start their own business, you must as a starting point to know where you stand, you must have ready for you where you want, and you should as closely as possible to know how and what is needed for you to get there. So easy is it basically. This is about strategic planning, and this is what a business is all about.
All experienced entrepreneurs is crystal clear that the process forward, and the writing of a good and work through business plan is your best aid to decide the establishment of self-employment, and success if you establish yourself.
Such a plan will also be your most useful tool in dialogue with banks, investors, partners, and as Innovation Norway. There will be all that is necessary for others to decide whether they will support you in your further work with your own company. Do not commit copy. This is your plan. Let it be personal.
Through writing this down on a sheet of paper, forced you to clarify for yourself – and later for others – what you really mean, and through simple spreadsheet models to simulate the economy in the company of a number of years.
The term Business Plan can NOK evoke different associations. There is hardly a reason that so many choose to “throw himself out of deep waters” without having checked the load capacity, ie start without having written his business plan.
It may be important to clarify that:
- The business plan is essentially a practice or “simulator” that prepare material matters with the aim to clarify whether you should start your business. And, after that the company is established, reduce the risk in the first critical period.
- A business plan should be no larger or more complicated than it needs.
Main points
How extensive and large a business plan needs to be depends on many factors: size of business, complexity, finansiører, etc. But regardless of a business plan will mainly consist of the following points:
Summary: What will you earn money? Who is behind? Market. The summary should be of maximum 1 A4 page.
Initiators: Personal details, contact information, ownership. Who is behind the idea, who supports it and you work with experienced resource persons?
Organization and administration: Organizational Form, Form of ownership, staffing, location.
Business Idea: What will you earn money? The business idea should be very short and concretely describe what the company has ambitions to do, and what is unique about this. The business idea should be so ambitious that the company has something to strive for. Work with your business idea so that it reflects the needs of selected customer groups. Most are for product-oriented.
Product Description: Brief description of products and services that you want to offer. What gives them the benefit of your customers. Be sure to emphasize personal advantage.
Market Assessment: Description of customers, competitors, market, marketing and sales initiatives / channels. Be realistic in your forecasts. Many fail to check the market base well NOK or overestimate it. It’s silly to fool the bank, but it’s even worse to deceive themselves.
Budget and start funding: Investments, sales budgets / estimates, financing plan, cash flow budget. Budget simulates what you think will happen to your business in the year ahead, and what this in economic terms will lead to. Budget Simulation can be a very useful exercise in “what happens if I do so or so?”.
