10 tips for a winning business plan

Good Day,

there are different reason why you need a business plan, either way you want to start your business or you want to expand, you may need a road map or you need funding.
Compiling all the relevant information and drawing a winning business plan is not an easy task. Here are some tips you should take into consideration for a bankable business plan.

Put yourself in the shoes of the funder, what do you want to know if you lend somebody money!
Do a proper market research, who are your clients and customers, what do they want and where do they buy. What are they willing to pay, what service do they get and expect.
Who is in the market already, what does your competition do? What is their service, their price structure, their marketing strategy?
What is your unique selling point, your niche market? Why will customers use you?
Use the relevant template of the approached funding institution.
Take your time with the financial forecast part. Make sure the information in your written part is reflected in your cash flow, balance sheet and income statement.
Write the Executive Summary at last. It must captivate the funder and they must be interested in your project to finance it.
Explain why you are the right person for this venture. Think about all relevant experiences and skills you have and state them clearly.
Make sure you have your costing and pricing done, know your supplier and their prices, payment structure and delivery costs.
At the end of the day you want to earn money with this venture and the funder wants to see that you are able to pay back the loan.

Dagmar has over 20 years of experience in developing business ideas and drawing up business plans, and when you want her advise and support please contact us!

Please feel free to share this offer with your associates who may need funding.