Creating Business Plans (HBR 20

Business plansFinding ways on how to earn money is on everybody’s mind especially with the recent economic global crisis. In addition to using a business plan to obtain business financing, there are many potential business owners who use business plans as guidance. I am looking for someone who can draw up a business plan for my telecommunications business focusing mostly on the sms service.

People who read your business plan will already know a little bit about your business because they read your executive summary. Let’s dive into the details of each section of your business plan and focus on building one that your investors and lenders will want to read.

That is not to say that additional products, applications, markets, and distribution channels should be discarded – instead, they should be used to enrich and support the highly focused core strategy. Investors, particularly venture capitalists, see hundreds of prospective business plans in a given year, and can only invest in a few, which are likely to be the best of the best (usually, less than one percent of all the plans submitted).

If your business is going to be delivering products to your customers, you should describe your plans for shipping your products. Most investors prefer to see a more focused strategy, especially for very early-stage companies: a single, superior product that solves a troublesome problem in a single, large market that will be sold through a single, proven distribution strategy.

And you don’t have to start with the full, detailed business plan that I’m going to describe here. But, there’s no reason why you can’t start crafting your business plan today. The market analysis is the second major element of a business plan. Schedule as many social posts as you want on the Starter, Brand, and Custom plans.Business plans