Prepare a business plan

Prepare a project plan It is one of the essential phases of the company, on the one hand, it serves as a planning and administration model within the company, a kind of "guide" document for business management and, on the other, it has a strong informative and persuasive value for organizations and entities outside the company, such as banks (when applying for credits or loans) or investors.

Develop a business plan: the foundations of the company

Considering the importance business plan strategy, there is no doubt about the importance of a correct elaboration of this declaration, which includes a commercial representation of the business model that is will follow the organization, business activities and the means and resources that will be used so that these can be carried out in a satisfactory.

In short, business plans are a document with a

written explanation of the most important aspects of a company and everything that concerns its start-up, and that can be accompany with graphical data, such as images or schematic representations that serve to clarify what exposed. As the business begins to operate, updates or modifications to the initial business plan may be necessary.

How to prepare the business plan

The prototype of any business business plan could be established from three main pillars, which are what any document of these characteristics should include: the business model and the strategic actions that will be carried out to achieve the objectives; the business economic purpose and the image of the company. Although it includes financial aspects and foresees the importance of financing, the business plan is primarily aimed at establishing business strategies.

Why develop a business plan?

In a business plan it is considered a document of little value and there are many who discredit and minimize its usefulness, but there are several reasons why business plans should be part of the entrepreneurship:

• The first of these is the detection of possible errors, with the consequent possibility of early correction, even in the first investment phases, which translates into an improvement in business activity when it begins to function.
• The fact that it contains data on economic forecasts and aspects related to financing is important when obtaining financing from banks and financial institutions.
• It is used to more accurately establish stages and deadlines and also to plan goals.

• The document helps in anticipating the possible difficulties that could occur as the company grows, being able to put the correction measures in time.

Who and when is the business plan drawn up?

From the drafting of the business plan The people who intend to start the economic activity will be in charge, and they will be the ones in charge of making sure that the document includes the most important aspects of the organization of the different areas of the company, both in themselves and in the connections and dependency relationships between them and other The business plan must be prepared in the moments prior to the start of the activity.