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Business plan is a written summary for a startup or an existing business venture’s growth plans, manufacturing / servicing capabilities, marketing opportunities and strategy and managers' skills and abilities. There is no substitution of a well-prepared business plan, and there are no shortcuts for creating it. A Business Plan bridges the gap from where we are and where we want to go. It indicates the direction that where the company is going in, what its objectives are, where it wants to be, and how it’s going to get there.
Formulating a business plan can be considered to be a multi-stage process, the result of which is a multi-faceted document generally built with the twin goals of proving the logic of financing (equity or debt) the business.
Entrepreneurs normally are described as risk takers who take chances based on a gut feeling. However, it needs careful planning and preparation when you are investing money or asking another to invest money. A business plan organizes all the essential elements needed to establish a business and continue a successful business in a simple format. It is also the tool you will present to lenders to convince them to take a risk on your business and offer you with financing. Thus, it must be extremely thorough and thought provoking.
Remember, aside from the general business plan goals, every business plan is unique. Your plan should involve all the relevant information, but be customized for your business. Eventually, we should focus on the content and not the number of pages.
Once complete, the business plan should determine the expectations you have for your new or existing business. If you plan to utilize the plan to procure finance, the completed plan should “tell the story” of your business to a potential lender. The plan should serve as a unique document in which all business issues are taken into consideration without requiring additional verbal explanation. Review your plan regularly and make appropriate modifications when your plans and strategies change.
Business plans are considered as decision-making tools. No fixed content and format is required to be followed when formulating a business plan. It is a creative document reflecting the business objectives, their relevance to market and industry and the organizational plan is to attain these goals.
A well structured Business Plan is formulated to facilitate confidence from the proposed venture capitalists / Financial Institutions to plough in money into the venture which shall ideally outcome a good return over a period of time to the owner of business.
STRUCTURE OF A DIFFICULT BUSINESS PLAN FOR A STARTUP OR AN EXISTING BUSINESS SETUP IS AS UNDER: The business plan describes an entrepreneur’s idea or a company’s past and current operations and then demonstrates how the request for an investment or loan will enhance the company goals and reward the investor. However, the most essential function of the business plan is to communicate your goals and guide your company.
HOW CAN WE HELP YOU IN THIS PROSPECT OF YOUR GROWTH STRATEGY?
We at Rajput Jain & Associates, have the required talent and experience to provide you assistance with developing a clear, concise and impressive Business Plan which can help you get the requisite finance for growth of your business. We have experience of working with entrepreneurs and business setups around a globe to develop a Business Plan for their business ventures.
We are proficient in developing an iterative financial model in excel to project cash flows and profitability of the business venture for the next 5-7 years to come. This is an integral part of developing a Business Plan as the financials need to be a part of the Plan to be discussed with the proposed lenders. This makes it essential to have iterations run on key business growth drivers in order to assess the financial viability of the business and how the growth strategy and operations boils down to a reasonable stakeholder return expectation.
We value our clients’ data security and encourage signing Non Disclosure Agreements with you to assure complete data security of all confidential information being shared with us during the job and would remain between us only.
Rajput Jain and associates is the largest online service platform in India which provides easy solutions in starting their new business at affordable cost. We aim at helping the entrepreneurs at every legal and regulatory step. We stay as your partner during entire business cycle and ensure that the business keeps prospering and remains complaint.
Rajput Jain and associates is a network of experienced chartered accountants, lawyers, company secretaries, cost accountants, financial experts, expert bankers all over India to provide the needed services for small and medium size enterprises.
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