QUESTION: I am intending to start my own business after accumulating a certain amount of capital, but do not know how to start. Can the blog guide me how to create an effective business plan in detail? Thank you!
REPLY:
A business plan is like a detailed guide, helping you know what to do and how to start implementing any idea. The steps to create a business plan are as follows:
- Step 1: Build a unique business idea
- Step 2: Set goals
- Step 3: Research and analyze the market
- Step 4: Make a SWOT chart – Strengths, Weaknesses, Opportunities, Threats
- Step 5: Establish a business organization model
- Step 6: Make a Marketing Plan
- Step 7: Make a human resource management plan
- Step 8: Make a financial management plan
- Step 9: Implement the plan
The following article Sapo.vn will guide to business planning from A - Z –in the most detailed way:
Step 1: Make a business plan from a unique idea
Ideas are like the soul when you start to create a business plan, it is the foundation for your success, the goal that you want to build. Therefore, the first step before creating a detailed business plan is to build yourself a unique idea.
Don't be afraid it's crazy or fanciful, no one is taxing dreams, what matters is how you make them come true. Like who thought man could control the sky until the Wright brothers invented the airplane?
So when starting to write a business plan, look for a potential idea, the least "touching", this determines more than 50% of your success rate.
Step 2: Set goals and results to be achieved when making a business plan
Of course, if you want to draw a path, you must have a beginning and an end, goals and achievements are the motivation for you to try, the goal for all your ideas. Listing goals will help you create a more detailed and accurate business plan.
Step 3: Research and analyze the market before building a business plan
Knowing the enemy, knowing me, hundreds of battles, hundreds of victories, the market is a fierce battle between hundreds of different opponents, in order to rise, you must understand all the factors of the surrounding environment, this is an extremely important step. important in how to make a business plan that you need to remember.
You need to understand the market you target, understand your target audience, understand the competition, understand the business sector. Equip yourself with as much knowledge as possible!
Step 4: Make a SWOT chart – Strengths, Weaknesses, Opportunities, Threats
Understanding people now it's your turn to understand yourself, creating a SWOT chart helps you to re-statistic what strengths you have to compete, what needs to be overcome and what must be overcome.
Once you have a clear understanding of your potential, you will have a more effective and accurate way of planning your business, without getting bogged down in impossible plans. For example, your strength lies in the source of cheap goods but the quality is only average, then when planning your sales you must focus on the price strategy instead of the quality, so that you can take advantage of the competitive advantage. his paintings.
The most effective way to write a business plan is to create a SWOT chart
Step 5: Establish a business organization model
You have a really great idea, a really big plan, and can you do it alone? No, you need like-minded people, you need different professionals.
At this point, you can't let things get messy, you need to create a business plan in which the system divides reasonably, there is coordination between departments to create the best effect. Let's define your business model!
Building a business model
Step 6: Make a Marketing Plan
Don't forget to promote and communicate your brand, this is a seemingly unrelated step, but in fact it is very important, directly determining the ability to consume your product.
Right from the start, do Marketing, a long-term and flexible strategy will help you reach customers and expand the market more easily, this is also one of the guides on how to make a smart business plan. best !
Step 7: Make a human resource management plan
Your business will expand, employees increase to tens, even hundreds of people, you cannot directly manage each of them. There should be a system of expertise to help you plan to manage, train, guide and develop skills for your employees.
Human resource management planning
Read more: Instructions for managing employees with Sapo POS when shop owner is not at store
Step 8: Make a financial management plan
The management of cash flow in a business is very important, if you do not know how to allocate it properly, it is possible that profits cannot cover losses. What fees are needed, when to spend, when to collect, etc. All these questions should be included in a specific plan.
Read more: What is cash flow management? How to effectively manage cash flow in business
Step 9: Implementation plan
Once you have made a detailed business plan, it's time to plan your step-by-step implementation, make sure that everything is on the trajectory that you have outlined, if there are changes, always plan to everything is not messed up.
Here are 9 step-by-step instructions on how to create a business plan that you need to keep in mind when starting to implement it. Hopefully, after this article, you will know how to make an effective business plan to support your career development.