A business plan is a must if you are serious about getting investors for your business or if you are just starting a business. Your business plan will act as an essential management tool, identifying potential challenges and providing you with success strategies for growth. NCH has professional business plan writers that will work with you to write a business plan that is tailored to your business’ needs.
A business plan is a great tool for promoting an idea, an active project, or an active company looking to go to the next level financially. A business plan will also help you to effectively communicate with business partners, management team, and employees. Within your business plan you will strategically plan your partnership arrangements and duties. When you create a business plan, it is important that everyone involved is on the same page.
Don't have a business plan? NCH can help! With NCH's business plan services, you will have a dedicated business plan advisor who will help you design and write a fully customized business plan for your needs.
Why do you need to create a business plan?
Understand that a business plan plays many roles in any organization, new or old. It represents who your business is today and who your business will be tomorrow, along with a detailed road map to ensure you and your business get there safely. A business plan is essential to helping you gain a deeper understanding of your market and target audience, while developing a financial plan that adheres to your objectives. Most importantly, business plans focus your attention on productivity and allow you to establish benchmarks to measure your success, while giving directives to avoid costly mistakes.
You need a business plan to set active goals and to effectively communicate with business partners, management team and employees.
For many business owners, daily operations can circumvent real progress. The large projects that take time, devotion and energy to truly propel your business forward, can become continually wait-listed. Your business plan will ensure that you have thoroughly outlined your strategic opportunities to capitalize on expansion, partnerships, new products/service offerings, etc. The planning phase provides uninterrupted time for you to truly assess the direction of your business and develop the proper moments to maximize opportunities and proactively pursue your goals.
Within your business plan, you will strategically plan your partnership arrangements and duties; it is important that everyone involved understands clear objectives, expectations and requirements for fulfillment. Clarity is key to success when building a brand, culture and evolving environment that can proficiently manage customer service, products, and finances. Precise communication creates alignment among founding partners with consistent messaging and missions.
You need a business plan to help determine the value of your business.
At some point, you will want a real valuation of your business; and a business plan will help determine that value. In addition to your financial statements, many investors and business experts will utilize your business plan to fully understand the competitive market, your growth strategy and your unique products or services. The business plan will also help answer questions and close gaps of potential concern during the valuation process.
You need a business plan to raise money and attract investors.
Communicating your vision in a concise, compelling manner will provide you with a solid foundation to raise capital for your business. The commitment to developing a business plan showcases and organizes established strategies, required allocated resources, attention to business finances and projected growth. All of these items are essential for receiving seed money for your venture.
A business plan goes into detail about the following areas:
- Mission, Vision & Objections of the venture
- The Company (its legal description, history and current situation/location)
- Products & Services (offered and planned)
- External Environment (the industry status, the economy, legal/regulatory)
- Overall Market (including analysis of the competition, size, growth, demographics, etc)
- Target Market (the specific segments of your firm has or plans on pursuing)
- Analysis of Strengths, Weaknesses, Opportunities and Threats/Risks
- Sales & Marketing Strategy (including promotion, pricing, distribution, forecasts)
- Management Team & Advisors (one of the most crucial areas for influencing funding)
- Operational Plan (including equipment, labor/personnel, and production/service process)
- Implementation Plan
- Financials & Exit/Payback Strategy (to show how investors/lenders will get their return)
Want to have a dedicated business plan advisor? Plus get a fully customized business plan that is specifically designed for your needs? NCH can help!
With NCH's business plan services, you will have a dedicated business plan advisor who will help you create and design a fully customized business plan for your needs. Your business plan advisor will do all of the writing, editing, research, analysis and projections. You will get a fully customized business plan that is specifically designed for your needs and that is fully guaranteed to meet bank and investor guidelines.
Call the business plan services experts with NCH at 1-800-508-1729 to help you create a business plan today!