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- How to draft a Successful Business Plan
Dear Successful Entrepreneur!
Dear Successful Entrepreneur,
Creating a business plan can be confusing and challenging. Business plans are very time-consuming, detail-orientated documents that need to be meticulously created to meet the financiers' requirements, as well as adhere to their rules and regulations. We highly recommend you do not rush the process as it needs to be clear, highlight all the important information and most importantly show financiers that it is viable!
A business plan for both start-up and expanding businesses is like a large puzzle. You need to ensure all the "pieces" fit together and make sense, as everything in your new or expanding business is linked.
What do Financiers want to see in a business plan?
An executive summary: We recommend writing this part at the end, Give the reader an overview of who you are, what you want to achieve and what you require.
Include quotes for the investment you need to start or grow your business
Highlight who is the applicant, who are the shareholders and their qualifications.
Product or service description! You need to explain what you are supplying and the different products and services you want to offer.
Be clear about your unit costs, prices and assumptions of the amount you will sell monthly
Location, where will you operate from, if you are starting a business, we highly recommend leasing a property.
Market Research: who is your target market? You need to have a great product or service that meets your customers' needs and is of good quality. You also need to be aware of your competitors and what are there competitive, unique selling points.
Staff, how many staff do you require, are they qualified, and how much are you going to pay them?
Financial forecast, the numbers you have in the financial forecast need to reflect in your business plan.
We can happily assist you in creating a professional, bankable business plan!
Our business plans include everything your potential financier or investor will need and include a detailed financial forecast. If you have any questions regarding our business plan please reply to this email and Anne will be able to assist you!
To Your Success
Your Funding Connection Team
Landline: +27 (0)31 761 8677 or Cellphone +27 (0)61 542 4037
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