Preparing a business plan for a startup venture

Step By Step Guide 1. The farmland chosen should be an upland with a well-drained field because Yams prefer to grow in those terrains. It should also have sandy loam and silt loam soil, as maximum yam yields can be gotten from them, even though clay loam soils with organic matter can also be very effective. Prepare The Farmland For Planting:

Preparing a business plan for a startup venture

The Executive Summary is a brief outline of the company's purpose and goals. While it can be tough to fit on one or two pages, a good Summary includes: A brief description of products and services A summary of objectives A solid description of the market A high-level justification for viability including a quick look at your competition and your competitive advantage A snapshot of growth potential An overview of funding requirements I know that seems like a lot, and that's why it's so important you get it right.

The Executive Summary is often the make-or-break section of your business plan. A great business solves customer problems; if your Summary cannot clearly describe, in one or two pages, how your business will solve a particular problem and make a profit, then it's very possible the opportunity does not exist--or your plan to take advantage of a genuine opportunity is not well developed.

So think of it as a snapshot of your business plan. Don't try to "hype" your business--focus on helping a busy reader get a great feel for what you plan to do, how you plan to do it, and how you will succeed. Since a business plan should above all help you start and grow your business, your Executive Summary should first and foremost help you do the following.

preparing a business plan for a startup venture

Refine and tighten your concept. Think of it as a written "elevator pitch" with more detail, of course. Your Summary describes the highlights of your plan, includes only the most critical points, and leaves out less important issues and factors.

As you develop your Summary you will naturally focus on the issues that contribute most to potential success. If your concept is too fuzzy, too broad, or too complicated, go back and start again. Most great businesses can be described in several sentences, not several pages.

Your business plan walks the reader through your plan. What ranks high in terms of importance? Acquiring the right location? Your Summary can serve as a guide to writing the rest of your plan. Make the rest of the process easy. Once your Summary is complete, you can use it as an outline for the rest of your plan.

Simply flesh out the highlights with more detail. Then work to accomplish your secondary objective by focusing on your readers. Even though you may be creating a business plan solely for your own purposes, at some point you may decide to seek financing or to bring on other investors, so make sure your Summary meets their needs as well.

Work hard to set the stage for the rest of the plan. Let your excitement for your idea and your business shine through. In short, make readers want to turn the page and keep reading. Just make sure your sizzle meets your steak by providing clear, factual descriptions.

The following is how an Executive Summary for a bicycle rental store might read. Introduction Blue Mountain Cycle Rentals will offer road and mountain bike rentals in a strategic location directly adjacent to an entrance to the George Washington National Forest.

Our primary strategy is to develop Blue Mountain Cycle Rentals as the most convenient and cost-effective rental alternative for the thousands of visitors who flock to the area each year.“What is one good reason to write a business plan even if you’re not going for a bank loan or venture capital?” is Nelson Mac am from Canada but few years back i was financially strained i rushed to my bank to apply for a loan to start up my business but i was denied by my bank 10 Reasons Why You Should Write A Business Plan.

The stodgy business plan--that multipage printed document that entrepreneurs used to hand out at meetings with venture capitalists--has gone the way of the typewriter and Rolodex. Start a Business; Business Plans; How to Write a New Venture Business Plan; Consider the following comments as you prepare your venture plan for possible investors: Although you definitely want to make sure that your new venture business plan answers the five questions.

In preparing to write this book, Chris identified 1, individuals who have built businesses earning $50, or more from a modest investment (in many cases, $ or less), and from that group he’s chosen to focus on the 50 most intriguing case studies.

The second in a comprehensive series to help you craft the perfect business plan for your startup. Creating a Winning Startup Business Plan Don't fear the business plan process.

preparing a business plan for a startup venture

With preparation, knowledge and these insider tips, you'll be able to create a business plan built for success.

Business Plans for Startups - Seed & Startup Capital