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Tiwaah House, Third Ave, C.6, Tema, Ghana
This book shows how to write your business plan. We hope readers will succeed where many others have failed because they didn’t plan.
Creating an investor-friendly business plan takes time and thought. Writing Business Plans usually requires expensive professionals.
The author wrote this book to make writing Business Plans easier for would-be entrepreneurs. Other books on Business Plans only answer “What Is A Business Plan?” without teaching readers “How To Write A Business Plan.”
The book explains how to use Excel to make financial projections. Over 200 questions per chapter cover various business aspects investors care about.
Millions want to be entrepreneurs. They’re entrepreneurs and bosses. They do this by identifying business opportunities and investing hard-to-get funds. They hope to own successful companies to fulfil their dreams in a few years.
Since true career happiness lies in doing the work we love, based on our hobbies, we won’t succeed if we don’t take specific steps. We won’t be successful entrepreneurs if we don’t do certain basic things.
People plan vacations, weddings, and parties more than their own lives. Also affected are businesses. Many people enter the business without planning. They start businesses on emotion, enthusiasm, and optimism, only to sink—into the unimaginable financial, emotional, and psychological cost of business failures.
Creating an investor-friendly business plan takes time and thought. Writing Business Plans usually requires expensive professionals.
The author wrote this book to make writing Business Plans easier and more comfortable for would-be entrepreneurs. Unlike other books on Business Plans, it teaches readers “How To Write A Business Plan.”
The book shows how to make financial projections in Excel. Over 200 questions per chapter cover investor-relevant business topics.
To avoid all this turmoil, the surest way is to write a business plan.
What’s a business plan? Don’t worry; I’ll explain it.
Before building, architects draw plans. They meticulously drew a building plan based on their vision for the business. After this, building engineers begin the arduous task of constructing based on the plan, which is made easier because they have a pictorial representation of what the building should look like and the sizes of the various areas.
Let’s say you want to sell computers. Based on your company idea, you should be able to determine the type of computers you wish to sell, the brand, the individuals to whom you want to sell these computers, why you think these individuals need your computers, how much they will be willing to pay for your computers, where they are already getting their supply of computers, how much you will need to start the business, and how many CPUs you will need. Once you’ve figured out all these details, you’ll have a clear business plan showing investors you know what you’re doing and have mapped out success.
Once you have a business plan, you can run it properly because you’ll have goals to meet. When you don’t meet these targets, it’s hard to meet your financial obligations, and the pressure to fail builds.
This book has narrative and financial forecasting sections. The narrative contains over 200 questions divided into sections. You can do the sections in any order except the Executive Summary. Unapplicable questions can be skipped.
After answering all the questions, you’ll have small essays on each business plan section. As in the book’s sample business plans, you must combine these into a flowing narrative in several paragraphs.
The financial projections chapter explains how to create them. With basic accounting and Excel skills, follow the explanatory notes to make detailed financial projections you can show investors.
The value of a business plan is in the research and systematic thinking it requires. Planning helps you think through your business idea, study when unsure, and evaluate your ideas critically. It takes time but prevents costly mistakes later.
Creating a good plan takes weeks. Most of that time is spent researching and rethinking. It’s the process’s value—those who do the job right never regret it.
Finally, record your data sources and assumptions.