What is Business Plan?
A Business Plan is a document that describes in detail how your business is set up. Business plans cover your business structure, your products and services, your market research and marketing strategy, and your complete budget and financial projections for up to five years. Both startups and existing businesses require business plans. Developing these documents requires a lot of research and number-crunching.
Why Business should have a business plan?
1. A business plan is vital to helping you get finance
If you’re seeking finance for your business, you’ll need to show banks and investors why they should invest in your business.
Lenders and investors will only risk their time and money if they’re confident that your business will be successful and profitable.
2. A business plan can help you prioritize
A complete, thoughtful business plan is one of the most valuable tools in helping you reach your long-term goals. It gives your business direction, defines your objectives, maps out strategies to achieve your goals and helps you to manage possible bumps in the road.
Preparing a business plan will help you work out the goals you want to achieve, and the strategies to achieve them. This means you can focus your resources and energy on what you need to do, rather than spreading yourself too thin.
The planning process also helps you to consider possible bumps in the road and put a plan in place to better manage them if they do come up.
3. A business plan can give you control over your business
Developing your business plan helps you to step back and look at what’s working in your business and what you can improve on.
The planning process helps you learn about the different forces and factors that may affect your success. If you’re already in business, it helps you to step back and look at what’s working and what you can improve on. Instead of worrying about the future, a business plan helps to give you a sense of control over your business and your livelihood.
Writing and researching for your business plan gives you the chance to:
- learn about your industry, market and competitors
- write down exactly where you are in the market and where you’re headed
- identify challenges you may come across and work out strategies to avoid or overcome them
- understand your business finances, including managing cash-flow and determining your break-even point
- set specific goals, timeframes for achieving them and how you’ll measure performance
- make sound business decisions that focus your activities, maximize your resources and give you a competitive edge.
How we help?
Since, we have established, we have compiled many of Business Plans on behalf of clients. Our team has
experience in compiling Business Plans and Commercial Proposals for both start-up businesses established companies.
Our main goal is to truly understand your business model, the objectives for your business venture, and most importantly, the vision you have. We strive to provide valuable strategic input and practical advice throughout our engagement with you.
Our aim is to present you with a comprehensive and unique Business Plan solution that correctly matches your exact expectations. We provide unique and professionally written Business Plans to small- and medium sized companies and start-up ventures that operate in Sri Lanka and Maldives.
Since our establishment, we have assisted many new and existing companies in writing expert Business Plans that attain results. Our focus is on providing customer-specific solutions. We do not offer an “off-the-shelf” service as we strongly believe that it is vital to walk side-by-side with a client throughout the Business Plan Writing process. We believe in personal contact and truly establishing a long-term business relationship with you.
We have been able to achieve a high level of customer satisfaction and exceptional success rate not only because of the quality of our service delivery and documents we produce, but also due to our personal approach to each and every client. Clients can rest assure that our Business Plans are written in line with the extremely stringent criteria of both local and international investors, i.e. Angel Investors, Venture Capitalists, Commercial Banks. Our Business Plans are Bank and Investor compatible and are designed to serve as an excellent model and management tool as our clients develop and grow their businesses.