How To Write An Effective Business Plan In 2018
It’s ideal for every entrepreneur to prepare or know how to write a business plan in Nigeria or anywhere else around the world. Whether you’re starting a business, running a business or about to expand a business, having a business plan as a road map to follow is crucial to your success.
Writing a business plan will help you achieve your entrepreneurial goals easier. It will give you a clear and concise path to follow through the course of your business executions, and will keep you focused on your target. Irrespective of achieving your entrepreneurial goals, having a business plan can be a great element to securing a bank loan and getting funding from an investor. You can find 10 comprehensive reasons to write a robust plan for your business here.
That said, here’s how to write a business plan in Nigeria or anywhere around the world that’d set you up for success and build investors confidence in your business.
- Executive Summary
- Business Description
- Market Analysis
- Design and Development Plan
- Organization and Management
- Service or Product Line
- Sales and Marketing
2. Operations, Business Model, Law and Regulation
3. Financials: Budgets and Projections