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Looking for more information? It is any business plan which is ready for presentation to banks commercial banks or specialized banks such as NEXIM, Bank of Industry or Bank of Agricultureinvestors high net worth individuals, angel investors, venture capitalists or Philanthropists or development agencies including NGOS.
It must be a well written document which must be both persuasive and reliable with facts and figures that cannot be disputed. If you are looking for a comprehensive business plan guide to lead you in your quest to writing a well written bankable business plan for whatever purpose — raising startup capital, as a working document guide or both, then exercise a little patience and you'll have enough to see you through.
When it comes to writing a business plan that serves the Nigerian environment from my experience I have discovered that several factors affect the choice of an individual or corporate organization to use a professional business plan writer.
On the other hand, some people may want not have access to a professionally written business plan and so have no choice than to outsource it to a professional business plan writer to do it for them.
A business plan is a well thought out document that details how business plan youtube business opportunity can be converted into a viable business venture and how long it would take for that business to become; profitable, grow and capture a market share.
It is a write-up which tells a banker, an investor or a potential partner on what is required to start a business, what the promoters of that business are going to do to make that business achieve its goals and how much they should expect from it if they put their money into the business.
So if you have an idea which only you understands but need capital to turn that idea into a wealth and job creator you need a business plan to convince the right people.
Who needs a Business Plan? Even if your business has been in existence but the bank has limited relationship with you, your request for a loan to expand will come with conditions one of which is a bankable business plan.
The bank has financial analysts who are experts in assessing business plans and opportunities, they will give a nod to your request depending on whether your business plan is viable or not. How can I get a professionally written business plan?
There are several ways to write a professionally business plan that will attract the kind of attention you need such as; Option 1 - Hire a professional to write one for you You can hire a professional business plan writer to do the work for you.
This is a more expensive approach at face value because you pay a fee usually a hefty one to an expert to do the research, analysis and writing for you.
However if you are to do this research yourself it may take you longer, you may do a shoddy job and still spend more money on field research, buying materials, consulting experts etc all of which may frustrate your efforts at getting your job well done.
Option 2 - Purchase a sample business plan template online There are companies that sell business plans online. Although these business plans are complete the disadvantage is that they are mostly written for a foreign market such as the US or UK with no consideration for people living in Africa especially Nigeria.
So this business plans may not be tailored to your specific needs Option 3 - Write the Business Plan yourself Writing the business plan yourself is the third and final option which most entrepreneurs with plenty of time to spare opt for.
It may come as a surprise to many that writing a business plan is not so difficult but writing it well in a professional and persuasive way is the difficult part. What should go into a well written Business Plan? The following parts are essential in a business plan. If you must write a business plan and omit anything it must not include any of the following - Ideally a standard business plan should contain 25 to 40 pages 1.
A summary of the entire business plan in as few as 2 pages or even less 2. An overview of the company, profile of its directors and promoters, legal status of the company, company startup requirements etc 3. This must include customer profile and segmentation, growth potential and trends. It must answer questions like; what is the population of people likely to buy your product or service within your defined target market region?
How much do they spend collectively, what is the trend of 5 year sales like? What are key buying factors in the past, present and possibly future? How can you overcome them?
What would be the financial position of the company in 5 years time? Other projections such as; profit and loss statement, cash flow statement, balance sheet, breakeven analysis, business ratios etc Appendix — this would consist of references and addendum How long should a well written business plan take?
There is no defined period for this but it depends on the kind of business and how much information is available.
Are you in Nigeria and need a professionally written business plan tailored to your business' specific needs? Then you should contact me either on:Jun 28, · An effective business action plan is the best way to convert dreams into realities.
Setting up SMART goals with delegation of responsibility and progress tracking increase the probability of . The Business Plan helps guide the direction of the company's first several years in business and gives potential investors an idea of the company structure, goals, and future plans.
Companies at all levels of success create business plans. Creating Successful YouTube Channel Secrets Unveiled Exposure and relationship building are the two benefits offered by YouTube.
And when you have formed a strategy using the Hedgehog concept, you will get exposure on the YouTube and will have the choice on how you want to redirect the attention.
Jun 01, · A business plan is a well thought out document that details how a business opportunity can be converted into a viable business venture and how long it would take for that business to become; profitable, grow and capture a market share.
Maximize your page’s potential by filling out your entire profile on YouTube. This can also be set up in the channel settings. This can also be set up in the channel settings. Make sure to create a description that offers further insight as to what kind of business you have or what you are selling.
The Ultimate Guide to Business Plans. 9 chapters Looking to write a business plan for your ecommerce store? This comprehensive guide walks you through the nuts and bolts of writing your very own business plan.