Rules to follow for writing your business plan | JamiiForums | The Home of Great Thinkers

Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Rules to follow for writing your business plan

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by M-pesa, Dec 18, 2011.

  1. M-pesa

    M-pesa JF-Expert Member

    Dec 18, 2011
    Joined: Sep 4, 2011
    Messages: 605
    Likes Received: 11
    Trophy Points: 0
    [h=6]Business plans have changed a lot over the years. These days, there’s so much that you need to take into consideration when putting pen to planning paper, so think clearly when plotting the points out.[/h]
    By Craig Falck for Africa Report
    Photograph: © Boyan Dimitrov |

    [h=6]Your business plan document is one of the most important documents that you will draw up. It outlines your company profile, how you plan to allocate resources and most importantly, how you will identify strengths, weaknesses, opportunities and threats and then deal with each one. There are a couple of rules to follow when drawing up your business plan.[/h] [h=6]You need to take into consideration who is going to read your business plan. If you’re applying for a business loan, you will need to provide the financial institution you’re applying to with your business’s financial status, so you’ll have to include information like cash flow, stock held, where your business has invested its money and any other bits of information that will give the finance firm a clearer indication of your money matters. If it’s for a partner or investor, you will need to include the above financials as well as the investor requirements so that they know what they’re getting into. You shouldn’t include contractual stipulations and finer details – they should be discussed at a later stage and in contracts.[/h] [h=6]Don’t give away too much information about your business. You need to remember that this is a brief (but informative) document – the people reading it will want relevant information without unnecessary clutter and rambling. Give them what they want. Sometimes it’s easier to do it in point format – give each section an appropriate heading (e.g.: strengths, weaknesses, opportunities, threats, services and products) and then list out information below each. This will make it easier to both write and read.[/h] [h=6]Ask your accountant or financial officer to assist you. They’re in the business of making sure that businesses comply with the law as far as financials go, so they will be able to assist you with the most accurate figures on your business. They will also have business plan templates that they can enter your information into and give your business plan a neat and professional appearance in minutes. The most important thing is that they will be endorsing your plan. This will show whoever you’re presenting your business plan to that the information in the document is accurate and has been approved by a financial officer.[/h] [h=6]Your business plan is an important piece of paper. It basically contains all the information about your business on a couple of pages. Compile it properly and you could be documenting your path to business success.[/h]source:
  2. Boniface Evarist

    Boniface Evarist JF-Expert Member

    Dec 18, 2011
    Joined: Nov 26, 2010
    Messages: 1,100
    Likes Received: 12
    Trophy Points: 135
    Sounding, inatoa picha halisi ya bplan. Tnx 4 sharing here!
  3. Candid Scope

    Candid Scope JF-Expert Member

    Dec 19, 2011
    Joined: Nov 8, 2010
    Messages: 11,896
    Likes Received: 119
    Trophy Points: 160
    Jaribu kufuatilia hapa kwenye mada zilizotangulia miezi michache iliyopita tuliweka tamplate ambayo ni rahisi kukusaidia kuandia business plan, hii itakusaidia zaidi kwani imeweka utaratibu na mfumo pamoja na dondoo zote kukurahisishia kuandaa. Thanks