When starting a business, one of the most important essentials to have is a business plan. A business plan helps you to adapt your business and it can help you with your objectives, predictions and targets.
Who are you?
What experiences do you bring to the company?
Where have you worked?
What is your business?
What is innovative about it?
What are your strengths, weaknesses, opportunities and threats towards the business?
When did you start it?
How much is it making?
How much does it cost to run?
What hours are you working?
What was last years salary?
Do you own 100% of the company?
Strengths – Strengths in the business
Weaknesses – Weaknesses in the business
Opportunities – Opportunities that the business may have
Threats – Threats that the business may have in the future
Marketing and Development
Who is your competition?
How are you marketing your company?
What makes you unique from everyone else?
Where are you selling?
How are you selling it?
Where are you wanting to go with this?
If you received investment, what would you do with it?
How big can you make it?
How much investment do you want?
Why do you want it?
What benefits will it give to you?
How much is the business currently worth?
How long would it be before the investor got his money back?