According to top10ecommercesitebuilders.comThere was a time when business plans were anything from 75 to 100 pages but today 10 to 15 can be considered too long.If you’re hungry for your piece of the business pie but don’t exactly want to spend a couple months playing hit and miss with investors and potential customers then a one page business plan could be the answer you’ve been looking for.
Yes i sincerely accept that idea cause writing a business idea does not mean you must write a 50 or more pages just pin point your
- Vision. Your vision should get you fired up and be short and to the point. Talk about what you are building.
- Mission Statement. Your mission statement will describe what you do, what your product/service is and who your customers are.
- Objectives. Next you can jot down your business goals for the next week, month or year.
- Strategies. Provide some insight into how you plan to achieve your objectives.
- Action Plan. Explain the steps you will take to action your strategies and remember to add dates to these items to give yourself a deadline.
- Investors Benefits of the business. Every investor want's to know You need to know your numbers. Prove to potential investors that your company or Organization has excellent financial performance, especially if you are seeking funding from a bank. Venture capitalists will look for a potential of high returns and a clear exit opportunity.
Prepare to answer questions about the financial stability of your company. Investors will ask if your company or Organization shows signs of growth and if you have plans such as issuing shares or borrowing money to stimulate growth. Your debt repayment plan should also be properly presented. Prove your business is capable of handling its financial obligations.
Now that you have your business plan, here are three simple ways that you can use it:
- Test drive your thinking. Get out in front of as many potential clients, partners and suppliers as possible. In presenting and discussing your offering with them you will receive immediate feedback. This kind of first-hand market research will be invaluable as an early indicator as to whether or not your business plan is on track to becoming a profitable enterprise.
- Review your plan on a monthly basis to see if you are still on track and revise if need be. It’s also easy to change things up if you decide a certain product or process is no longer relevant to or working for your business.
- Share the business plan with your management team so that you’re all working towards the same goals
Tips/Ideas
- Find out more about the investor you are pitching to make sure that they don’t prefer more detail in a plan
- Do enough research to validate your objectives and strategies. You need to be able to answer any questions about your idea, your market and your finances.
- Pair your business plan with your business model canvas to give investors and your team a better idea of how the business will work
- Use the plan to build yourself and your team a to-do list
- Consider the lean start-up model if you are developing a new product or service offering and are unsure about whether it’s what your customers are looking for.
