How to make a business plan
In the case when the business plan is drawn up for internal use, the main focus is on the financial section, since it is important to understand how profitable it will be to introduce new projects into an already existing business.
It's another matter when you need to create a business plan for external use in order to present your company correctly. Such a business plan should be understandable to the reader, have diagrams, charts and plans, as well as diagrams, drawings and photographs. Particular attention is paid to the financial section, it should be sufficiently clear and convincing for the reader, it is necessary to think through possible questions and give answers to them in the business plan.
This will confirm the seriousness of your intentions, and will also be a visual guide to your further actions. You can use one of the options:
- independently create a business plan;
- to resort to the help of a consultant and, together with him, to develop a business plan;
- completely entrust the development of a business plan to an external consultant.
To date, the availability of all kinds of literature and information on the Internet provides the opportunity to make a business plan for yourself. However, the time costs and the probability of making an error in the calculations are large.
The main feature here is that you yourself have developed a business plan, and therefore studied the activities thoroughly.
The most optimal option, in our opinion, is the independent drawing up of a business plan with the involvement of an external consultant from a consulting company or an internal economist of your company's finance department. This option is good because you will study the project sufficiently, but the probability of making a mistake will be small.
Another thing is when it is necessary to prepare a business plan in a short time, and it is not enough time to develop it. In this case, it is better to invite an external expert of a consulting company that has experience in drawing up a business plan in different areas of the economy. To date, there are a considerable number of companies providing consulting services, it remains for you to choose the company that will best meet your requirements.
Drawing up a business plan is a laborious process, so do not seek to find a consultant for little money, you should not save. To develop a full-fledged business plan, you need to spend a lot of time and energy, despite the fact that you can provide full initial information about your project to an expert.