A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.
You will want to be able to hand this business plan over to investors, peers, banks, attorneys, etc, so it’s important to keep a defined look. It includes the background behind your business, your mission, your vision and your tagline/message (if you have one). The rest of the business plan will go into much more detail.
But, since we are creatives, don’t be afraid to play with the layout and colors, just don’t get too crazy! – this is where you will explain who your business is targeting, who your ideal clients are; their personalities, what they like to do, how old they are, their income level, how much they are willing to spend on your products and/or services.
When I create my business plans, I like to lay it all out there first, and then start to remove pieces that are irrelevant.
Think of your business plan as writing a book; you’ve determined the ending, but now you need to fill in how you will reach that desired ending.
This would layout the groundwork for what they would be responsible for.
– this is where you will determine what outside sources will be needed to run your business.Second, it’s needed to determine if these aspirations are feasible in the current economy.Third, your business plan is needed to outline the steps you will take to reach your main objective.– if needed, this is where you will document what staff you will need to run your business, what their skills need to be, how much experience, how much you can afford to pay them, etc.I did not need this section on my business plan, because I do not plan on having any staff in the near future.You will need these for you financial plan later, but this section will detail each of the costs.– this is where you will show how to get your products and/or services in front of your ideal clients.Download a free business plan template on The Prince’s Trust website.You can also download a free cash flow forecast template or a business plan template on the Start Up Loans website to help you manage your finances. Get detailed information about how to write a business plan on the Start Up Donut website.Your marketing plan is actually an entirely different document outside of your business plan, but laying out the general ideas here is great.– this is where you document how to get the job done in the most efficient way. What order do you follow from the first time you talk to the client/customer to when the client/customer has the final product delivered to them?