Business Plan Writing
If you are the type of person that pays attention to small details you can start a lucrative home based business writing business plans. Every business, small or large, needs a business plan to effectively manage their company.
Business plans are used for many things in the business world. Most businesses use it as a guideline to create their goals, and anyone that desires financing will be required to submit a business plan to the lender.
What You Need To Start Your Business
You will need the following equipment to start your business plan writing company:
- A good computer with sufficient memory to store data. You should also have a CD/DVD burner.
- High speed Internet access. This will allow you to perform research quicker, as well as transfer large files if necessary.
- Quality printer. Laser printers are recommended because of the professional appearance of their print. You may also consider a colour printer for printing graphs and photographs to include in your report.
- Camera. You may be required to take pictures of the competition, or land that is going to be used by the company.
- Quality paper to print your business plan on, folders or binders to package the plan
- Current word processing program as well as graph and spread sheet software
- Business cards
- Business website
What Should A Business Plan Contain?
A business plan will contain vital information about the company. All business plans must include the following:
- Name of the company, full physical address, and any other relevant contact information
- Any legal documents that refer to the structure of the business (Ltd, LLC, Private Entity)
- Mission statement
- Product or service description. This should be given in complete detail. If the company is manufacturing the product from scratch, specs should be provided in the plan, as well as detailed information on the manufacturing process
- A list of local competitors and similar products or services. You will also need to include a statement as to why this business/product/service is different
- A list of suppliers, manufacturers, importers and vendors that you intend to use
- Marketing plans for both online and offline promotions
- Domain name and registration information
- Company goals. If this is a new company it should be divided into 3, 6 and 12 month goals. If this is an established company, it should be at 6 month, 1, 3 and 5 years
Where To Market Your Services
With this type of small business your best marketing tactics would include networking. This includes online networking that will drive people to your site and request your services, as well as offline networking. Offline networking will include joining local business organisations and groups to meet the very people who would need your services.
All businesses need a business plan, even home based businesses. You can develop a niche in this market by targeting a specific group of business, such as work at home moms, or you can offer a wide range of services to ensure that you can meet the needs of the most people.