What are the factors to consider when writing a business plan

[Erik4150]

I want to write a business plan but is there any factors I should consider before preparing my business plan?

 

[Nimra Saeed]

I want to write a business plan but is there any factors I should consider before preparing my business plan?

Before starting a business many factors are to be considered to be successful. One of the most important thing to be considered is the availability of capital. Without capital no business can be started because money makes the mare go so money is most important factor.

 

[WhiteHouse]

The executive summary – It shows up from the outset in your marketable strategy and should be basic and succinct. This segment incorporates a rundown of what you anticipate that your business should achieve in the coming time. The chief synopsis area should be convincing to make an incredible effect.

Business Description – This is the following significant segment to be remembered for the marketable strategy. You should add key data about your business, for example, your business objectives, what you need to serve your clients, and substantially more in it. You need to grandstand your items and administrations, as well, into it.

 

[Presido]

You must first consider the demand for the business in your location, consider how competitive it is in your area, make sure it is located on easily transportable areas and more also, know the opinions of the customers

 

[Golden_ear]

Factors to be considered are. Time management, good human relation, good transportation system, good network facilities, and market to seel the business must be considered. Then plan to always pay your workers wages in time for better service from them.

 

[Josemendez]

I want to write a business plan but is there any factors I should consider before preparing my business plan?

Your business plan should have the following , capital outline , location anysis , competitors analysis , promotion need and other aspect . These things are considered , and the business plan built from them .

 

[Olajidey]

The purpose of your business plan
You cannot travel to an unknown destination without a map or at least a description. Drawing up a business plan will help you to identify where your business is headed, your strengths and weaknesses, key areas where you need to develop expertise and the financial risk involved in setting up the business.
1> Introduction
2> Need for advisor or help in writing your business plan
3> The purpose of your business plan
4> The length of your plan
5> What should be the contents of your business plan
6> First impression matters
7> Detail discussion of the contents of your plan

 

[Tunnexisco]

In order to write a good business plan, considerations of the following is necessary:
1a. Defined the type of business you want to do, and its benefit to the customers
1b. Adequacy of capital (Visibility knowledge on the amount you would spend to start up the business)
2. Availability of market (Customers base)
3. Access to raw materials
4. Access to infrastructural facility
5. Legality of business
6. Government policy relating to the operation of the business

7. Draw skills (Check if you have the required skills to run the business)

 

[Alexandoy]

The first part is, of course, the description of the business with a hint of where the business office will be. The type of business if it is entrepreneur, partnership or corporation follows next. The simple description of the operation from the source to the end. You also need to specify the estimated capitalization so that it is easy to determine how big the business is. There are many more but you have to fully understand the business so you will know what to add in your business plan like the market and the source of supply.

 

[Ridorz]

As plan is very important and imperative things to do. And when you are writing your plans you must consider a such as what is kind of product are you going to produce, what are the target customers (adult, children or both) what is the gender your product mean for, which locations are you selling your product to, and your product objective/goals. Etc

 

[joy101]

Before starting a business, you should consider the demand,the capital to startup, also consider the kind of product you will like to start, these are the factors someone need to consider before starting a business.

 

[Sincerem]

When considering a suitable business plan, you should underline this flowing factors to give an edge to be successful.

* Make a budget for your business
* measure your business capital start up, if it will contend with your plans.

* Study the market demand
* Choose a suitable business l
ocation.

* Know your Business, don't start a business you don't have basic idea about.

 

[chalcedony8]

starting a business comes with a lot of stress, being prepared for those stress and getting ahead of them can greatly decrease the impact they will have on your business, one important step is preparing for the challenges your business may face and possible ways of solving those challenges in the business plan.

 

[Ralphjoe]

Before writing your business plans, there are some factors you should consider and some of them are as follows:
1. Capital
You should know the capital you have, the capital that the business requires.

2. Business knowledge
Without a knowledge of the business you want to go into then that business you are planning to open is already dommed to fail before it even begins.

3. The type of business.
Knowing the type or kind of business that you want to start will be a good factor to consider before you draw up a business plan.

4. Product or service knowledge
Knowledge of the product or service you want to start in will go a long way to ensure good delivery of your products or services.

 

[Adeyoola7]

Determine your purpose.
Having a plan to make a profit is important, but it's not the only thing that matters when you start a business.
Business plans … encourage entrepreneurs to focus on what they are going to do

 

[Bookwormlux1]

In writing out your business plan, you need to be considerate, what I mean is that try and understand your self and how much you can afford to spend in the business. Do not just write out any much plan, start small with the little capital at hand. If you plan on big things that you can't afford, it would discourage you to continue with the business idea.

 

[Mary]

Some of the factors to be considered when writing a business plan are:
Determine your purpose
Build your vision on your purpose
Clarify your business model
Identify your target and test your business ideas

 

[Richard92]

When writing a business plan you must consider some important factors which involves the propose of the business, location of the business, proximity of the market, amount of capital to be invested and also you must consider the consumers of the product, all this must be consider in a business plan in other for the business to be a success

 

[Kinglegend01]

The factors to consider when drafting out a business plan are:
• the size and demand of your target audience
• the location of your business
•the availability of the goods or services you are providing to the public
• the supply and price of the goods you are selling or the amount you will be charging for the services you will be rendering.

 

[Nurudeen]

Before you write a detailed Business plan, you must put into consideration, introduction on how the Business will look like, the purpose of the proposed Business, the capital, possible expansion of the business and the profit margin after the set up.