How to Start Business Strategy Plan ?

You can't start a good business with just an idea. You need to write a plan, detailing how to build a business around that idea. Preparing a business plan is an exercise that disciplines the business skill of decision making. Since the business plan plays such a pivotal role, you don't just plan your business, you also need to plan your plan.

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  Thoroughly research your industry, including customer purchasing behavior, motivations and fears, overall market trends, as well as competitor positioning, size, and market share. Clearly think through your objectives, strategies and plan of execution. Make realistic projections that are based on careful research, without being unreasonably optimistic. Well-prepared investors will check your plan's numbers with industry data or third-party studies. If the numbers don't match, those investors are not likely to fund your business.

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  Decide how you want to use your business plan, before you write it. Focus very carefully on the executive summary, management and marketing and financial aspects, if you intend to use the plan to attract investors. Also, have a clearly-defined purpose for the investors' seed money. Attract employees by emphasizing aspects of compensation, such as stock options, as well as location, work environment, corporate culture and opportunities for growth and advancement. A well-prepared business plan can also be shown to suppliers to prove you are a worthy customer.

   
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  Approach prospective investors. As a start-up business without a proven track record, your sound, well-researched business plan is your ticket to obtain funding. Be sure your business plan has a clearly-defined purpose for seed money in it. Consider the level of control you want over your business when approaching investors. Seed money usually takes the form of equity financing, in which investors receive partial ownership in the start-up in exchange for their funding. Because these investors may insist upon having some decision-making power in your business, consider whether their personalities and interests are compatible with yours. Consider angel investors, as well. In addition to their willingness to invest, angel investors often become a mentor in guiding a new business through the start-up phase while willingly staying out of the day-to-day management.

   

Agreed to the views shared by Mr. Emad Mohammed said abdalla

A business plan or report is necessarily focused on profit and financial effectiveness (without which, generally, nothing much else can happen) nevertheless, ethics and wider issues of corporate responsibility will provide a fundamental platform and context, particularly in this age of awareness and transparency concerning corporate behaviour. business plan structure Title page: Title or heading of the plan and brief description if required, author, date, company/organization if applicable, details of circulation and confidentiality.Contents page: A list of contents (basically the sections listed here, starting with the Introduction page, and listing the main body sections in the template below) showing page numbers, plus a list of appendices or addendums (added reference material at the back of the document). The contents page must enable the reader to find what they need and navigate the document easily, and to enable a presenter or questioner to refer the audience to particular items and page numbers when reviewing or querying.Introduction page: Introduction and purpose of the plan, terms of reference if applicable (usually for formal and large plans or projects).Main body of plan headings as required: See template below.Appendices: Diagrams, statistics, examples, examples, spreadsheets, and other reference material underpinning and supporting the business plan's recommendations.