Below we outline major parts of a business plan that makes an impact with our funders.
Knowing how to structure and write an effective business plan is key to get your project seen by any funder. The business plan template written below can be used for any business be it for a large project or for a small business. It is worth time, money and effort paying out for a professional who provides a business plan service. They ‘go with a fine tooth comb’ and iron out mistakes and see areas where plans can be improved.
How To Write A Business Plan
We previously wrote about the importance of writing an eye catching executive summary. Writing a business plan that is packed with credible sources, factual information and relevant illustrations that best represents your business model. Our business plan template has been written from a startup prospective. If you are in the position of growing or expanding your business, you can refer back to this in time and see the developments and reassess your goals.
There are some common core elements to put into a business plan (eg; Company information and team, marketing plan and SWOT) It’s a good idea to structure the business plan with different titles per page and provide the lender as much detail about your project. Don’t be shy or hold back, this may count against you as they need to know everything. Every funder who reads a business plan wants to know how your business project can benefit people, how you plan to make money to pay them back (and what you can offer them) They can determine a projects value by using accounting skills, financial ratios and risk equations. It might be worth considering that if your project does involve patent technologies that aren’t currently registered, to do this before applying for funding.