Create business plan - Otta.com
Introduction
Business plan is a startup of living document mapping of all details such as growth, goals which includes sells, structure, market, product service plans, funding, funding source, financial projections and documentation.
There are 2 type of business plan:
A. Short term planning: It is plans which are made for time business.
B. Long term plan: It is a plan which includes vision, mission, etc. which are set for a ;long term.
If you want to be more success in your business. I would like to make both plans and divide long term plan into short term and follow it.
1. Identify your customer
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| Identify your customer |
While starting your business you don’t have any customer and also you don't have big market to hire. So, first you need to identify your customers it means you need to target your customer. If you don't make product without knowing customer there is a big chance to lose your company. You need to target your customer and make product so that you can crab a market. You need to know your customer and their type and know what they want. If you mix those things in your company and make product you get monthly publicity and helps to add your customers.
2. Identify your market
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| Identify your market |
You need to analyze your market. Your startup idea, business idea or field from which you related should be good. You need all knowledge about your business. If there is any business ideas which are related to your marked you need to know it because it helps to identify your losses and profit.
3. Define Vision and Goals
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| Define Vision and Goals |
You have to define your vision and goals. It contains short time goals. But vision is only in long term business because it helps to know your market value, market valuation and competition. If you define your vision and goals earlier it helps to control your making business for loss.
4. Executive summary
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| Executive summary |
While starting you business you have to write your executive summary because it helps to create plan. In executive plan you need to write all those points which are includes in business. The main profit of making it is to records your files and save your time.
5. Financial Plan
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| Financial Plan |
It is very important for startup to make your product good. It analyses all funds which you need from where you raise and from it how you earn. It manages your fund. The main thing to make a financial plan is you never goo in loss.
6. Marketing plan
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| Marketing plan |
It helps to analyze the market strategy. Also it helps to analyze how you handle it and how you deal with and how you can deal with customer. Nowadays, much business starts to focus in marketing plan for example Jio etc. Marketing plan is not same from each other because it is made by your own view. While making marketing plan you need to remember this things:- keep it short, take action etc.
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