How
Do
I
Write
An
Effective
Business
Plan?
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As
mentioned
in the introductory section
of business
plan
writing, there
is no
one way of writing a business plan - essentially
there is no such
thing as a standard business plan. When writing
a business plan,
a decision needs to be made as to whether a brief or
comprehensive
business plan is required. At minimum, a properly
prepared business
plan or good business plan will include a summary of
what the company
does or intends to do, a vision and mission statement,
values and
principles, strategic objectives and goals, a thorough
market analysis, the key challenges and opportunities
facing the sector
or industry and the business in particular, and a
quality financial
review showing key assumptions, financial requirements
statement, cash
flow projections, income statement or statement of
financial
performance projections, balance sheet or statement of
financial
position projections, break-even analysis, sensitivity
analysis and
other essential components. Whether the business plan
is brief or
comprehensive it must address who, what, where, why
and how. Covered
below are tips on what to take into consideration when
writing an
effective business plan.How to write an effective business plan (tips)
(View the summarized version here – concise business plan template)
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