Every business startup must have a simple business plan. Why simple? Because the complexities will fill in later. That’s for sure. Here’s a template of ideas and questions to guide you in getting started:
The Problem and Unique Solution
What problem are you solving? What specific pain will you remove for your prospects? What unique benefits will your product or service provide? How big is this opportunity?
Company Description & Team
How is this new company set up to solve the above problem for people? Who is on the Team? Why are you and other team members the right, qualified people to deliver this service and solution? Your simple business plan is beginning to unfold intelligently when you can address these critical questions…
Competitive Analysis
Who are your major competitors? What factors can you leverage to beat them and gain market share? What advantages do you have over the competition in your industry?
Target Market Segmentation
Who are your precise target customers? Have you formed a demographic and psychographic picture of your ideal customer? What does this avatar look like? What segments or sub-groups does your market contain?
Phases Of Implementation
What is your planned timeline to roll out this new business? A simple business plan is always an approximation because of unforeseen delays and hurdles you’ll have to leap, such as regulations, suitable staffing, money flow, etc.
Marketing Plan
What mix of marketing channels will you be using to reach your ideal prospects? Consider these channels: Television, Radio, Magazines and newspapers, Social Media marketing (SMM is highly recommended), other niche Websites, chat groups, forums, blogs and interest groups. Posters, flyers, pamphlets, tele-marketing, webinars and word of mouth. SMS messaging and email marketing.
Financial Planning
What are your fixed costs going to be? What will your variable costs be? What projected size of budget? What precise revenue streams will cover these costs? Present a break-even analysis.
Plan for multiple streams of online income, using your creative imagination to the maximum! Consider these hot business ideas for million dollar businesses.
Funding Required
How much money are you looking for from investors? How will you allocate that funding? Place more weight on productive assets and processes that will quickly gain you earnings to create profit centers and definite streams of income.
This is the best simple business plan free because it urges you to ask yourself the right questions! This questioning process will dig out the factors and elements that can lead to financial success for your fledgling business, whether it is an online or an offline business.
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