Steps to Write Business Plan

Business plan means what will you do in business? When will you start your business? How much will you invest your own capital in business? What is estimated marketing of product of your business? Main need of making business plan is to get loan for business and decrease loss. Following are main steps for making business plan.

1st Step : Make a list of different elements of business. 

a) Total amount of capital

b) Total no. or products

c) Types of products

d) Different risks

f) Level of competition

e) Expected customers


2nd Step : Explain above elements in detail 

For example, if you are saying $ 10,00,000 investment of capital. What type of capital are you investing. Whether you have collected this from limited partnership or whether you are getting it from public issue of shares.

3rd Step : Explain the Skills of Your Employees

Success of business depends on employees. In your business plan, you should explain your employees skills and experience.

4th Step : Explain Estimated Cost of Project 

What will be the cost of project? Will you do trading business or manufacturing business or construction business. Make the list with deep analysis of cost and benefit of project.

5th Step : Explain who are your consumer

In this section of business plan, you have to explain who are your consumer. What may be their age, what are their hobbies. Whether your products will satisfy their needs.