The business plan provides an insight into a company’s processes, figures, and goals. Most business founders sooner or later find themselves confronted with the task of having to draw up a business plan. This serves to present the most important information about one’s own company objectively and comprehensively so that potential investors can get an idea of the founder and the business idea. With 22bet Mobile Services, you can easily access and manage your business plan on the go.
But how do you write a business plan that really convinces you? Banks and investors deal with business plans on a daily basis, so mediocre or poorly prepared documents have little chance of success. When writing a business plan, you should really make an effort and work on it for a few days. This also includes finding out more about the content of the individual chapters and collecting the relevant information.
The financial plan is also part of the business plan and is one of the most important decision-making factors when lending.
Even if it all sounds quite complicated, a business plan is not rocket science but the result of careful and precise work. One should always keep in mind that once outside capital comes into play, the quality of the business plan will largely determine the future of the company.
A generalized business plan is always used when the establishment of institutions is promoted or the company is provided with outside capital in some way. This includes, for example, an application for support at the employment office, a pitch to investors, or a classic loan application at the bank.
Investors naturally want to know which company they are investing in, whether the business model has a future, what expertise the founders or team have, and how the company is financially positioned. Based on such factors, the investment risk can be relatively well calculated, and financiers can decide more easily for or against an investment.
A business plan is also important and helpful for the founder, as it provides even more detailed information about their own business idea. One is forced, so to speak, to deal with sales forecasts, market analysis, and profit estimates, which very few would otherwise do. The business plan is a roadmap to success, so to speak, and you can regularly compare whether you have achieved the forecast figures.
Anyone who deals with the topic of creating a business plan will quickly notice that there is a large amount of different information on the Internet about what a business plan should look like. This often leads to confusion and uncertainty, since the correctness of these templates is not exactly known or cannot be checked.
However, the reason for this multitude of possibilities is not deliberate complexity but the fact that there are no exact norms and formal requirements for business plans. That would also be far too complicated, since the business plan of a service company, for example, differs greatly from the content of an online shop. It is important that the desired content be presented in a factual but uncomplicated way and that the readers be given as much information as possible about the company in a short time.
Nevertheless, the business plan differs in certain factors depending on who it is addressed. A business plan for banks, i.e., a loan application, looks different than an application to the employment office or a so-called canvas business plan, which presents the business model graphically and clearly.
This article is about the classic bank application, as this is the most common application for companies. Such a business plan consists of several sections or chapters that contain everything you need to know to fully understand the business model. As mentioned above, the financial plan is also an important part of the business plan. This is again divided into sub-chapters and is presented in tabular form. Form Shows the company’s past, current, and projected financials.
The last chapter is the appendix, which contains all the important documents and evidence. This includes, e.g., trademark applications, patents, and the CV. Overall, you should pay attention to a uniform form, insert a table of contents, and enable a pleasant flow of reading through regular paragraphs and pictures or graphics.
There are countless providers on the Internet who offer free business plans for download. However, you should be very careful with free templates, especially if the content of the text is already pre-formulated. Such templates often do not serve the purpose of providing the customer with a really qualitative product, but rather, in most cases, only as a marketing measure, since you usually have to give your email address for the download.
Paid business plan templates are in most cases the better option since the quality of the product should also be 100% in the interest of the seller. Another point is that free templates are of course used much more frequently, and bank employees notice relatively quickly whether a business plan has really been worked out or is based on standard templates.Tip: It doesn’t matter whether it’s free or subject to a fee. It is best to compare several templates and check which of them can be applied to your own business model. There are also paid business plans on the Internet that are tailored precisely to a specific business model.