The starting point of a successful company is careful planning, and the business plan is the basis of the company’s design. Careful planning ensures that things become thought through beforehand, in which case the chance of unexpected surprises is less likely. The business plan gives an insight into the profitability of the company and the potential for success. The focus is on formulating and analyzing options for future business, analyzing risks and opportunities, and numerical modelling of the business.
Benefits of a business plan
The business plan allows a company or project to be presented to prospective financiers, business partners and other stakeholders outside the company. Based on a business plan, financiers can evaluate the conditions for a company seeking financing to succeed and operate profitably.
The business plan also helps the entrepreneur or company management gain a good overall understanding of the business, as it forces you to think about different aspects of the business in an orderly manner. The main meaning of a business plan is not a written plan per se, but a thorough thought of things.
The business plan helps to get an idea of whether the planned business is profitable. When making a business plan, weaknesses in the company, such as gaps in knowledge, skills, or resources, are also more readily revealed.
The business plan also serves as a management tool for the company. The process of drawing up a business plan will help engage the company’s management and staff to execute the plan and achieve the stated goals.
Business plan content
The business plan is divided into four main parts:
- current business,
- industry and markets,
- future business, and
- numerical forecasts.
The focus is on formulating and analyzing options for future business, analyzing risks and opportunities, and numerical modelling of the business. Based on the business plan, the necessary resources are defined, in particular the financing needs, the capital structure and the potential for return for the project.
We will help you develop a good business plan
Our experts have experience in the business plan processes of dozens of companies. We can ask the right questions, so that the most important issues will be taken into account when drawing up a plan.