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Business Plan Business Plans Benefits?

What is a Business Plan?

A Business plan is also known as a guideline or a roadmap to run a Business or for start-Up. It serves as the backbone of a company. In this document, you have to set some goals. By analyzing our competitors we have to formulate some strategies to beat the competition. In this way, we will achieve our goals, and be a successful business in the market.

Business Plans

Billion ideas is a business development company which offers different plans depending on the requirement of a client. It’s basically a roadmap to start the company. In which the first step is to have a professional design business plan. Writing a business plan is the most important task in every business because it will explain all the important components of your idea. Which you need before starting the business and it contains all information from documentation to execution of your business.

What is Business Document?

• A business document is something which tells you:

• What to do?
• When to do?
• Where to do?
• Why do?
• How to do?
  If you are an entrepreneur and you want to start a business of your own, you have skills and experience but have no knowledge how to start and what are the steps by following which you will be able to run the business smoothly. This document helps you to do so and also helps you to forecast the future of your business.Types of Business Plans.

  A business plan has many segments but each segment is divided as per the type of business plan you are looking for. So if you are a new start-up, an entrepreneur, small company, cooperate company or firm and want to develop your business then you are at right place. Following are the three types of business Plans which billion ideas custom design for their clients:

• Summary Business Plans
• Standard Business Plans
• Detailed Business Plans
• Summary Business Plan.
  A summary business plan is an overall crux/summary of your business ideas stands for. This plan will be of 1 to 3 pages, in which no in-depth details are gathered. only exact points are highlighted. The table of content of a summary business plan will only explain the key features of a business. We have to introduce our idea and only define our goals and key elements.This document is used for the internal use only, or just for our understanding. Summary business Plans are useful when The Owner needs an overall idea of what their business will look like. Making others understand what you basically do. When writing a summary business plan the following headings should be followed:
• Executive summary
• Business description
• Company overview
• Product & services description
• Marketing plan
• Financial feasibility
• Standard Business Plan.
  As compared to a summary business plan a standard business plan is more detailed and covers most of the components. It consists of minimum 10 to 15 pages. In which we have to formulate the marketing strategies based on the market and industry analysis. This will lead the business to beat the competition and helps the business to increase the sales volume.The standard business plan we also have to estimate the cost estimation of 1 year and calculate the expenses of the company. By this way, the company will set some future goals based on these financials.

  The standard plan is for internal use as well as for investors and applying for loans. A Standard Business Plan is useful when an Idea about the business operations and processes is required. This document is required when it has to be presented to the investors when applying for a Loan or for the understanding of key personals of the company.

  When writing a standard business plan the following headings should be followed:

• Executive summary
• Business description
• Company overview
• Product & services description
• Industry/market analysis
• Competitor analysis & strategies
• Marketing plan
• Operations processes
• Management & ownership
• Financial plan
• Detailed Business Plan.
  As compared to both summary and standard business plans a detailed Business Plan. As the name highlights it is more detailed and more explained. It consists of 50 to 70 pages with all stats, graphs & a highly in-depth research needs to be conducted. This document will be used only for internal use. As this document will explain the following:
• Company policies
• Strategies
• Different analysis (marketing, industries, financials, competitor etc)
• Code of conduct
• Terms of services
• Operational processes
• Supply chain management
  Detailed Business plans are useful when Organizations want to set up some policies and expand into a new state. An in-depth research is required regarding the market trends and demand. It also helps owners, if they are looking for some investments or applying for a Loan. This document will guide them how much investment is required and under what percentage or equity.When writing a detailed business plan the following headings should be followed:
• Executive summary
• Business description
• Company overview
• Product & services description
• How will we be different?
• Industry/market analysis
• Pest analysis
• Porter’s five forces analysis
• SWOT analysis
• VIRO analysis
• Competitor analysis
• Competitive strategies
• Marketing plan
• 4p’s of marketing
• Operations processes
• Management & ownership
• Legalities
• Financial plan
• Sustainability
• Contingency plan
• Future goals[/vc_column_text][/vc_column][/vc_row]