Who Is The Business Plan Useful For?

Many entrepreneurs wonder if they need to make a business plan or if the business plan is enough. Especially if you intend to go to investors, participate in grants or present your idea to subsidized projects, it will be essential, and it must also be perfect.

But even for day to day it is important to have this roadmap to avoid getting the idea out of its original path.

How to make a business plan: step by step guide

When it comes to how to make a business plan, there is doubt about who should prepare it and what are the requirements or conditions that must be met.

How to make the general structure of the business plan

Every business plan consists of a few minimum sections , it must be written in an intelligible way for anyone else and be clear and concise. The length should not exceed 50 pages, and always with a suitable executive summary that synthesizes and presents the rest of the document.

  1. Executive summary: details the overall impression of the project, with the key data to understand at a glance if it is feasible. Its maximum recommended length is 3 pages.
  2. Description of the product or service: every business plan must identify the market need that is covered and what its proposed solution is.
  3. The management team: every good idea must have a team that generates confidence, especially in attracting investment. If the managers demonstrate knowledge and experience in management, in addition to their commitment to the business idea, there will be more willingness to participate financially in the project.
  4. Market analysis: the business plan cannot fail in the dimension, segmentation and identification of the market to which it is directed. Likewise, a documentary analysis of the competition, current and future, of direct, substitute and complementary competitors must be included.
  5. The Marketing plan : of course, we cannot consider how to make a business plan without a clear sketch of the marketing plan focused on the business and the market.
  6. Business system: in this section, the steps, processes and actions necessary for the production and sale of the product or service should be described, including, in addition, a planning of human resources, elements of personnel management and the basis of the culture organization in which it intends to function.
  7. Action schedule: it should be realistic planning based on data and resource analysis.
  8. SWOT analysis : every business plan must define precisely what are the Weaknesses, Opportunities, Strengths and Threats of your product or service in the market, and how to manage them to enhance the positive and minimize the risks associated with the former.
  9. Financing plan: this is a critical element. It must be based on a detailed analysis of the REAL financial situation of the business, its future projection, and what are the financial needs that it must cover to achieve it.
  10. Conclusions: as a summary, it will highlight the key factors of the reality of the business idea carried out, without hiding or underestimating the risks.

 As for the first question, the ideal is that it is the employer himself or the partners who get involved. However, either due to lack of time or the desire to have an independent professional, it is advisable to seek advice and hire a specialized consultant that guarantees work in close collaboration with the business promoters .

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The 7 key company values ​​for the 21st century

Over the decades, the conception of business values ​​have adapted to social changes. A company cannot live behind the back of the society in which it operates. What are the values ​​of a 21st century company that most influence the achievement of its objectives?

1. Transparency

In information societies, that organizations act with transparency is vital. It is required not only externally but above all internally.

With regard to society, it makes it a participant in business activity, although it also makes it more accessible in the face of criticism. As for the internal organization, it is one of the most effective strategies to achieve the involvement and commitment of the talent hired, as long as the company is governed by principles of equity.

2. Sustainability and Responsibility

The companies committed to 100% and in its entirety to sustainability and social responsibility are more interesting for consumers who value those projects that are in implementation and respectful approach to the environment and committed to the society in which they operate .

3. Labor flexibility

The flexitime, teleworking, the journey continues or facilities for family reconciliation are some of the measures most valued by a professional talent to decide on one company or another if you have the opportunity to decide.

Likewise, those companies that value diversity in work groups and teamwork, especially if they are international, are more attractive.

4. Leadership

One of the most powerful values ​​that any organization can develop, regardless of the size of its company, is leadership in any of the legs of the sector or society in which it impacts. Being considered as leaders has an immense projection as positioning, while generating synergies with other projects and loyalty to talent.

In this sense, the search for excellence will also be another of the company values ​​most sought after by new professionals and market operators.

5. Innovation

Although it is difficult to implement innovation in smaller companies or in times of crisis, any organization can foster the creativity and talent of its staff and focus it on small innovations both for the sector, society or internally that help achieve full involvement of all areas.

For this, a culture that encourages teamwork and personal development are key. Diversity is also creating work teams that offer different judgments to the same problems, investigate them, and find innovative solutions.

6. Security

The safety and maximum working for any organization generates confidence in all stakeholders, from customers to suppliers, and of course for the organization. An adequate occupational risk prevention policy results in great quantitative and qualitative advantages.

7. Simplicity and effectiveness

Simplicity is a rising value perceived by both the employee and the customer. Minimalism with a commitment to quality is seen as a highly appreciated value for the consumer insofar as it shows that the company optimizes processes and performance, and it is not an organization that prioritizes the superfluous over the practical.

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