Business Plan Writing South Africa is a service made available by Dream Team Capital, to create an effective strategy for business growth, determining your future financial needs, and/or to attract investors and lenders! A business plan outlines how much money you need to raise, how the money is to be spent once raised, and what the budget should be. It also articulates if there is a market for your product or service, your target audience, how you will gain an edge over the current competition and essentially if your business can run profitably.
A well-written business plan is an important document because it provides entrepreneurs and employees with the ability to lay out their goals and track their progress as the business begins to grow. Business planning should be the first step when starting a new business, expanding a current business, or even for a business acquisition. Business plans are very important for attracting investors as it allows them to determine if your business is on the right path and worth investing in.
State the industry in which you will be operating in the business plan. Clearly outline who the major competitors are in your industry by market. Competitors will likely vary if you serve multiple cities or states. Compare your strengths and weaknesses to these competitors. A SWOT Analysis may be used for this purpose. Identify the advantages you have over each competitor and plan how you will exploit those advantages.
Include a product and/or service description that describes the business’s offerings to customers. It is important to include the need for and gap your product or service fills, in your specified industry; why it is needed or wanted by customers and how it will compete with other businesses selling the same or similar products and services.
The funding requirements should be included in detail in the plan. The aim is to clearly explain how much funding you will require over the next five years and what it will be used for. A detailed description of how the funds will be used is imperative; specifying if you need funds to buy equipment or materials, pay salaries, or cover specific bills until revenue increases.
Details on the executive and management team in your business plan should be highlighted. Determine in which functional areas you have the most experience. This section should pinpoint specific hiring needs, determining when you will need to add personnel.
The business plan must include a sales and marketing plan. Knowing how you will market your business will get your business up and running much more quickly. Explain whether you will primarily be using outside or inside sales reps and in which regions you will base your sales managers. The document should include detailed information about your advertising plans, such as magazine or newspaper advertisements, direct campaigns, Internet marketing, or radio and television advertising.
The business plan should include details about the operations of the company. Your business will operate much more efficiently if you know how various departments and production will be operated. One way to ensure a more efficient operation is deciding on the right organisational structure. An organogram may be of great use in this section of the business plan.
The business plan, as a document requesting funding, among other purposes, should be supplemented with financial projections. The goal is to convince the reader that your business is stable and will be a financial success. If the business is already established, include income statements, balance sheets, and cash flow statements for the last three to five years. If you have other collateral you could put against a loan and list it. Provide a prospective financial outlook for the next five years. Include forecasted income statements, balance sheets, cash flow statements, and capital expenditure budgets. For year 1, be very specific and use quarterly, or monthly projections. Clearly explain your projections, and match them to your funding requests. Graphs and charts may be utilised to tell the financial story of your business.
Dream Team Capital can assist you in developing a comprehensive business plan for new or growing businesses, focusing on business plan consulting and financial modelling. Our plans can help you apply for a loan/grant or simply guide you by means of a blueprint for your venture. Our professional presentation can make the difference between your financing being accepted or rejected.
For more information on Business Plan Writing South Africa – Contact Dream Team Capital