What are the factors to consider when writing a business plan

[Lekan]

Their are some factor you will consider when writing a business plan1)their area of the products you want to be produced 2) notice the competition of the Products you want to be producing and then consider the number of the labour you want to be using in the production .

 

[Abbas ali]

Make sure you take the following five steps before drafting your business plan.

• 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. ...
• Build your vision. ...
• Clarify your business model. ...
• Identify your target market. ...
• Test your business idea.

 

[Adetayo100]

Make sure you take the following few steps before making your business plan, 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, Build your vision also clarify your business model and Identify your target market.

 

[Modupe]

Before writing a business plan, you need to consider the following factors carefully
1. Scalability
2. The market potential
3. Your vision
4. Your target
5. Your competitors
6. Your purpose

 

[Lyrrex]

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

 

[Sammyesx]

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

There are many factors you have to consider before or when writing a business. And they
*What business are you into
*What does your business needs to get off the ground
*who are your customers and how can you meet them
*where is the best location for your business.

 

[Shivay]

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

You should initially check the amount of funds and capital available with you to start thr business and also take some long term future planning with It. Take all the good and bad factors that can affect your business like Sales, etc. After analysing all this you have done the first step of starting a business.

 

[Janita]

There are so many different ways to make business plans like if you want to start the business . Factors should be considered is your knowledge about business is important and than your next plan should be that how much you will hire employees and what will be their sallery .
You can get success untill or unless your business is planed already.

 

[Kehinde]

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.
Build your vision. ...
Clarify your business model. ...
Identify your target market. ...
Test your business idea.

 

[Blue house]

Where do you want your business to go?
Find out how would you like to see your business in the next five, ten, or fifteen years down the lines?
What is your expected revenue and profit in future?
How many employees will you hire?
How would you like to expand your business?

 

[Neta Sam(Samuel Odunlade)]

You need to put a lot of things in place and considering what factors are important to initiate to boost your business strategy.
What are your goals, your market audience, what is capital range is it enough to start the business or you need to take loan, you may also need to consult those in the business line for better understanding

 

[EMMANUEL]

1. Keep it short - Try to write the document as concisely as possible. Keeping the document short and sweet is no easy task; it takes longer to write a shorter document but it is worth the time and effort spent on wordsmithing as it becomes much more focused on the key messages you are trying to convey.


2. Always include an executive summary and try to limit it to one page - As a trained accountant, I do not use the word "always" lightly but it is so very important to attempt to summarise your company's key points onto one page. The executive summary comes right after the cover page and is the first (and possibly the only) page that will be read.

3. Describe your product or service offering in the most blunt and basic way - This point may sound simple, but if you are writing about your company, you will need to step out of your shoes in order to be able to explain to your readers what you do in a way that people from different professional backgrounds can comprehend.

 

[Zubair]

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

Of course there are multiple plans, which should be considered while making a business plan. First of all you should have amount details which you are going to invest in business. Then Proper research in required that what people demands the most in that area of business and how many compatitors do you already have. Then how to take the start of business to get more customers?
Make daily Goals and try to achieve them. Set monthly and yearly targets and try to chase them. These are the factors that can help you to grow your business.

 

[Enzymada]

Most important I think is defining your customers and what you're doing for them. Second most important is marketing. Also, set your plan.

1. Find a need
2. Create a solution
3. Figure out the best way to deliver the solution
4. Implement and innovate strategies
5. Find and fix errors or unexpected results
6. Repeat

 

[Kiwi]

The type of business if it is entrepreneur, partnership or corporation follows next. 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

 

[Afeefah]

The main aim of a business is to make profit so plan his to come about that profit.
Know your target if you are providing business or services know which age of people use your goods, is it the aged, the youth, or children?
Know your competitors well so you can try to be better than them.

 

[shakky2]

there are so many factors to be considerate of when creating a business plan and these factors include going for a business that your capital can cater for and trying as much as possible not to start a business with loan.also you have to make sure the business is relevant in the location that you have chosen

 

[Victor-t]

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

The plan to consider when you writing a lesson plan are, The name of the your business, the address of your business, what are those things you are doing, what are your focus about your business and where do you think you want to be in the next some years.

 

[Diamond07]

A business plan is neccessary when starting a new business or enterprise. Among the things to be put into consideration when writing a business plan are the business concept, financing needs, the actions planned to take to implement and the advantages of the product

 

[Damismiling]

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

You are right sir, all the listed here are needful for a good business plans and all must be considered appropriately when writing or considering writing any business plan. To start up a business