What is Business Plan Preparation Overview
A business plan is a vital document for any business that contains information about the pertaining to its promoters, business model, operations, past, competitor analysis, market analysis and project financial performance. Business plan is very essential as it serves as a roadmap for the business and provides information in an understandable format to investors wanting to know more about the business. A key use of a business plan or investor pitch is for raising private equity capital or angel investment in a start-up. Business plans are used by private equity investors and angel investors to gain an insight into the business for making an investment decision.
A well drafted business plan will contain details about the promoters, infrastructure information, and human capital requirement, business model, industry outlook, and competitor analysis, SWOT analysis, past financial performance, projected financial performance, key financial indicators and any other relevant information. MeraProfit has a team of professional with extensive experience in preparing business plans. Contact us today and we can help you prepare a well-structured business plan for your start-up.
Benefits Of Business Plan Preparation
Business plan is an important tool for business through which a company can define the enterprise objectives and scope of operations, products and services, and operational strategies. It also helps businesses analyze the competition, forecast the sales, profit, and cash flows. In short, Business Plan can be said as an operational document that defines the overall business of an organization. The purposes of the business plan can be any one or more as follows:
- Angel investment or discussing the proposal with a third party
- Investments from VCs. private investors, customers, friends, or family
- Tracking investors, customers, partners and for strategic alliances
- Operational plan
- Loan from a Bank