This website is dedicated to all entrepreneurs who want create wealth and jobs for unemployed youth in South Africa. We are here to help you have your own professional business plan quickly, easily and cost-effectively. When you start a business or tendering for government projects you need a good plan.
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Mandla's initial market research has given him the confidence that there is a market for his idea. He can clearly see that a successful launch and rapid growth are possible. However, there is still much to be done by Mandla before he can expect to receive a positive decision on funding. Can you guess what Mandla needs to do now? Yes, the business plan which is the tool that will enable him to develop your business idea thouroughly for presentation.
Content of the business plan: Mandla's business plan should give clear and concise imformation on all important aspects of the proposed business. This includes practical matters concerning its start-up, opaeration and management, analysis of costs, sales, profitability, and growth prospects.
1. Executive summary: create a crisp overview of the plan.
2. Product idea: make your business idea a killer idea that is irresistible in the marketplace.
3. Management team: form a dream team that brings together all the right skills.
4. Marketing: analyse your market and the compatition, choose your target market and determine an effective marketing sstrategy.
5. Business system and organisation: put together and manage the activities and people needed to deliver your product or service to your customers.
6. Realisation plan: schedule your business start-up effectively.
7. Risk: identify and assess the risks the business might face.
8. Finance: identify and plan for the financial needs of your business.
During the business planning phase you will need business knowledge.
The business plan is a decision-making document which puts the emphasis on three particular aspects. What is the customer benefit? What is the market? How will you make money?
The customer benefit: What problem does your business solve? Your success in the market does not depend on having an amazing product but a satisfied customer. Every cent that is spend by either an individual consumer or businesses it is towards satisfying a need or solving a problem. We created the business plan factory to solve the problem of entrepreneurs having their business plans rejected by investors.
We want you to have a business plan that increases your chance of getting funding. We want to make sure that entrepreneurs just like you can have a professional business plan quickly, easily and without committing huge amounts of money. Because, the first aspect of a successful business plan is that it makes quite clear what need will be satified with your product or service.
The customer benefit comes before the product. The product is not itself a benefit but a means for providing customer satisfaction. What is new or improved by comparison with the competition or alternative solutions does your product have? Always look at your business idea from the perspective of the market and the customer.
The market: Your business product or service has no value unsess there is market in which it can put into practice. How large is the market for your product or service? Which targeted customer group/s does your product or service intended for?
What distinguishes your product or service from your competition? Really do your market research if you're to succeed. You will always have to cope with competition, whether directly or indirectly.
A DVD rental business is not only competing against other DVD hire businesses, but also against cinemas, and TV stations, and more broadly against every player in the entertainment industry. Demonstrate in your business plan that you understand the competition.Name the competition and also describe why and how your business idea will beat them.
Making money: The first lesson I learned when I did business economics in grade 9 was that entrepreneurs start a business to make a profit nothing more nothing less. Show investors how much money can be made and how it can be made.Clearly specify the revenue mechanism. Make a rough estimate of costs and revenue.
There are preliminary tasks that you must undergo before you write the business plan: Market research; You should prepare the framework for a detailed plan by doing a Strategic Plan; Get professional adviser/s to help prepare the business plan or business plan template; etc.
Writing the business plan: Create a table of contents; The executive summary should be written last; Do financial projections and funding proposals; etc.
Make sure that you review the business plan. Your plan must be professionally presented. All key questions must be answered. Is your business plan responsive to potential investors?
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DID YOU KNOW? We can provide an independent assessment of your final or latest draft business plan...
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