What are the factors to consider when writing a business plan

[Laurentta]

Before writing over a business plan, first of all you should be certain you really want to go into business, you need to find a good location, you need to make sure the capital to start up the business is available.

 

[Godspower]

The capital, proposed location, workforce, advertisement and marketing strategies and business targets. These are all major factors to consider when writing a business plan.

 

[Adebayonle7]

You have to consider analysis of the market and the opportunities there in ( these involves taking market surveys to understand the buying power of the inhabitants and the kind of products/services they will be interested in). Another factor to consider in the business plan is an analysis of the competition in the chosen area - know the competitors and spy on some of their strategies.
Make sure to explain in the business plan the kind of standard management and financial plans that would be involved as well as your modes of operation.
Analyse the kind of sales and marketing strategies you would love to use and their effectiveness too.

 

[kayode10]

You must put if you're still in consideration when you are writing business plan. You must state clearly how you are going to return investors money in the business plan. it can be very hard to raise a fund for a business if you don't include this aspect into the business plan.

 

[Skysaint]

Well, when drafting out a business plan you need to already have in mind what you want your business to look like in the next coming years; this is more like saying what the business must have achieved after a specific period of time. Then you draft out a feasible method on how to birth such idea

 

[kinqzbitz]

Before starting a business I believe you should consider the availability of a capital and before writhing the business plan you also need to be sure of the kind of business you want to venture Into

 

[YERUS]

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

Before preparing your business plan, think about the viability of that business.
Is it worth investing on?
Where do i get the capital from?
Where should i locate the business?
What are the threats, opportunities, weakness and strengths this business is likely to have?

 

[Toyoabasi]

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

You have to ensure that your business plan is rich with all necessity. Factors to consider are: the feasibility of the business, the threats and opportunities posed for the business and the capital.

 

[Seno inyang]

Please place your capital as a factor to consider, the location if offline and the type of products/services you wish to start with.

 

[kayode10]

You need to factor in your customers when you are writing a business plan for your company. you also need to state clearly how you are going to make money for the investors in your business plan.

 

[Kubiat-Abasi]

You should first of all consider the business idea if it is feasible, followed by the needed budget, the strategic location, the target audience and the risk possibilities and control measures.

 

[tyrim88]

Factors to consider when writing a business plan would include the feasibility study carried out, estimated costs of operations, projected profits and possible risks, measures that have been put in place to tackle those risks.
Projected customer base and mode of operations would also be vital.

These are actually a good schematic points to put in a business,and also the future projections of the business,in terms of proactive measure to be ontop in the sector,so that eventual trend would not push one out of the market in the future.

 

[Adecyptii]

Before writing any business plan the first thing that is expected of you to know is that,are you going to lose or gain profit,will the business explore or not.

 

[Sotherefore]

Before writing any business plan the first thing that is expected of you to know is that,are you going to lose or gain profit,will the business explore or not.

How ? I don't understand, if am writing a business plans I engage everything that will be needed to succeed in the business, this should also include some challenges that I am likely to face, That's just all.

 

[Toyoabasi]

Before preparing your business plan, think about the viability of that business.
Is it worth investing on?
Where do i get the capital from?
Where should i locate the business?
What are the threats, opportunities, weakness and strengths this business is likely to have?

Yes.
Your business plan must bear the description of your business; all it entails.
Ensure that you have acquired the right skills for the business and that you have developed strategies to beat threats that may come up in the course of the business.

 

[Elfinito]

When writting a good business plan the few factors to consider is the market demand, the population and the location that you want to establish you business

 

[Shigobad20201]

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

The location of the business is very important aspect in a business plan, you need to take into consideration the demand of the product in your location , and to know if the business require transport or not.

 

[Partisan]

You have to ensure that you have written a very good research which was undertaken by you and also you have a good market survey of what and what are needed in your business look time survival. Because it will be be necessary for you

 

[Abigael]

You should first of all consider the business idea if it is feasible, followed by the needed budget, the strategic location, the target audience and the risk possibilities and control measures.

These are very important to be included in a business plan. They all help in making the business to grow. Especially that of identifying risks and possible control measures. So many people tend to forget that.

 

[Abasiama40]

When writing a Business plan, the following factors should be considered : you ask yourself, do i have enough capital, the type of business you want to do, get adequate knowledge of the business, what products and services you want to render, and know your target market.