Business plans: Part 1

welcome to the first part of a series of posts

Business Plan Part 1

 

we have created a small  series  to help you to prepare a business plan
Basically a business plan tells what you plan to do and how you plan to do it
The average length of your plan should be 20 to 30 pages of text plus another 5 or 10 pages of appendices for monthly projections, management CVs and other details.
If you intend to feature Product pictures, blueprints, floor plans and such like then more pages are justifiably acceptable. The look of your text should be simple and inviting, Use no more than two fonts for your text such as Arial for headings or Times Roman for body text. Font size should be 12 point in size

 

Don’t slam words together at the end of pages, Use page breaks to separate sections and charts from text. Keep your plan simple so you can make your point quickly and easily don’t use long complicated sentences, avoid using acronyms.

Use simple, straightforward language.
Use bullet points for lists, this will help the reader digest the information more easily.
Use business charts,Summery tables and bar charts at a minimum, sales, gross margin, net profits, cash flow and net worth by year. Make your important numbers easy to find and easy to understand.
Use simple business charts to highlight main numbers, make the related details easy to find in the appendices. Insure your numbers are obvious. Use the two-dimensional bars as they are they are easier to read as stacked bars makes totals easier to visualise.
If your sales divide into segments, stack the bars to show the total, use pie charts for market share and market segments. Show tasks and milestones as horizontal bars (Gantt Chart) with labels on the left and dates along the top or bottom. Only show major tasks and milestones, to many details make charts hard to read.

Remember to always put the source numbers close to the charts in a summary table so readers can reference them quickly and recognize the numbers in the charts. Don’t use a chart without referencing it in the text. If source numbers aren’t completely obvious in the summary tables, make sure you specify which appendices contain the detailed numbers.
to find more from the business plan series go to Page- Create a business plan located on the Home page top tool bar

Tips:

Always save your plan
Proofread your text
Use spell-and grammar checker

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s