You will need to write at least two drafts of your business plan before you are satisfied with the document. To understand how to write a business plan, take a look at our video explaining how to write a business plan.
Make sure you have a good idea of what your business plan is going to cover before you start writing. You can't afford to get lost in the middle of writing a business plan. Your plan needs to be organised, coherent and laid out in an easy-to-read format.
Your business plan should be detailed and thorough. It should give you an indication of how much time and money it will take to get your business going, and how long it will take for your business to become profitable.
Now, write an outline and then write a schedule. It is important to write both things, but there is a difference. An outline is a short and concise document that gives you a quick idea of the structure and flow of your business plan. It should also be written in a highly organised manner, and should include the following elements:
Your core business model
Your product or service
Your targeted customer or market
Your business structure
A schedule is a more detailed document and should include everything listed above, as well as:
Your marketing strategy
Your products, prices and material needed
Your working environment
Your office equipment, costs and move-in date
Your job descriptions and job descriptions
Your working hours
Your policies and procedures
Your staff roster
Your website and social media
Your business registration
Your exit strategy
The first step to creating your own business plan is to find out what type of business plan template you want to use. A website such as https://www.business-plan.com/products/restaurant-business-plan-sample-template offers many templates, catering for different sizes of business.
Before going forward, you should consider whether you are going to have a major or minor business plan. Most business plan templates will offer you options for either, but if you want to use a template that is designed for your exact business purpose, it is best to go with a template that has the sections you need.
Once you have chosen a template, you should consider the sections that you need to include in your plan. Some templates will provide you with a section for each of the different sections of your business plan, whilst others will ask you to choose which sections to include and which to leave out. It is a good idea to be clear and concise.
If you are going to be using one, or more than one, template, you may want to consider making amendments to the sections you have added. This may mean that you need to add or remove sections as your business develops. 827ec27edc