Writing a business plan is definitely one of the main pain points for many startup founders, especially at the early stage. And this is not surprising: there are tons of business plan template on the internet. For those who don’t want to waste time for searching for relevant information through Internet we prepared this definitive guide on how to write a business plan for a startup.
Business plan for a startup doesn’t have to be ideal, solid and comprehensive document. It has to explain clearly your idea, value proposition and business model – that’s it. In other words, business plan for startup includes your vision of your business goals and opportunities, combining risks & challenges, and the ways how to achieve the former and overcome the later.
The comprehensive business plan include:
My business plans cover the following sections:
1.) Executive summary, Mission and Vision, Key success factors, Business model summary.
2.) Company Description Business model canvas, Operational model, USP (UNIQUE SELLING PROPOSITION),Organizational structure, organogram, Business risks.
3.) Situational Market Analysis, Trends, Challenges, Target Market Segmentation, Porter’s five forces of profitability, SWOT.
4.) Growth plan
5.) Marketing plan
6.) FINANCIAL PROJECTIONS
7.) Key Assumptions, Financial summary, Projected Income Statement, Projected Cash flow, Projected Balance sheet, Loan Schedule, Financials Analysis.
8.) Business Ratios and Infographics).