WHAT REALLY IS A BUSINESS PLAN AND HOW CAN I BUILD ONE?
WHAT REALLY IS A BUSINESS PLAN AND HOW CAN I BUILD ONE? What goes into a business plan you might ask. The business plan needs to at least cover the analysis of the business, the environment in which it is, marketing, sales, fundraising, and a repayment plan. But do remember that your business plan should be a working document and not just for use when seeking business funding. If your project is a big one then consider if you require a business feasibility study. Some investors will ask for a pitch deck or A Concept note first, while banks will ask directly for the business plan. It can be used to assess your knowledge, effort, the business itself, market research, cash flow estimates, and whether you are being realistic or are just overselling a pipe dream. In reality, most investors make their decisions without even seeing your company plan. You might of course also be using a pitch deck to generate initial interest from investors. Make sure y...