Road Map to draft a professional Business Plan –Venture Care (1)

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Road Map to draft a professional Business Plan
Venture Care
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Venture Care It is a very important section
while drafting a clear business plan. Executive
summary reveals that how the company is planning
for its future growth and whether this is
different from others. Apart from discussing
organizational plan, product/service plan,
marketing plan, survival and growth plan and
financial plan it should also answer some
critical questions such as- ? Why this business
will be successful? ? What is the risk appetite
level of the business owner? ? What is the level
of fund required to successfully launch the
business and how much will be promoters fund? ?
What is the short-term and long-term goal of the
business? Professional business plan Business
Description This includes the core related areas
surrounding the business and product/services.
Some of the key questions could be What is the
core area of business chosen? What is the product
or service which will be sold? What is the
growth potential? What is the business
life? Organizational description This is all
about the organizational structure and unique
factors which competitors do not have. Whether
there is a plan to have Pvt Ltd or LLP or any
other structure for the business. Has the
business idea been conceived by a single person
or more people are involved. Whether there is
single decision authority etc. in nutshell, the
following questions may be important to be
considered ? What is the legal status of the
company and future plan? ? How many are key
decision makers? ? How many managers are
required (operational segment-wise) ? How many
technical personnel are required? ? How many
sales personnel are required? ? What is the plan
to increase the number of personnel in next 12
months? Product and services What is marketed are
actually products and services. This section
should comprehensively include even the small
aspects related to products/services. What is
the USP of the product and how it serves the
exact need of the customers should be very
clearly mentioned. If services are attached to
the product then focus should be highlighting the
add-on benefits which customers will derive.
Every product has the life. The section must
mention the approximate product life. Also, how
the company will plan with the new or modified
product with extended or with at least earlier
similar benefits. Few questions which draw
attention are ? Is it a standard product or a
customized one? ? If it is standard product and
any customer wishes to add some more features
then is it possible?
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? Whether IP has been taken on the product? ?
How product maturity shall be tackled? ? What
will be the RD cost and maintenance to the
business? Industry Industry dynamics always
change. The business plan must include the
probable changes and the way to overcome those
changes. Key success factors should be identified
and should be mentioned that how the company
will go forward. The complete industry should be
categorized into segments and sub-segments and
accordingly, the customers should be identified.
This section must include also ? Who are the
targeted customers? ? What is the size of the
targeted customers? ? Who are the competitors?
(in numbers) ? What is the expected market share
for this product/service? Marketing Many business
plans usually say that what marketing channel
shall be used to market products/ services. But
a sound and explanatory business plan should
clearly express that HOW MARKETING WILL BE DONE,
WHICH CHANNEL SHOULD BE ADOPTED AND THE EXPECTED
TANGIBLE BENEFITS WHICH THE COMPANY WILL DERIVE
FROM IN TERMS OF GROWTH OF CUSTOMERS. ? This
section should answer the following also ? Why
the customers will need it? ? How the potential
customers can be reached? ? Can the customers
manage their business operations without this new
product/service? ? Does the price (cost to the
customers) of the product/service justify the
benefits? Threats No business can avoid threats.
It should be mentioned that how the possible
threats should be handled. Answering the
following questions may be beneficial ? What
could be the potential threats? ? How frequently
it can come? ? What will be the level of impact
of the threat to the business? ? How the company
will overcome it? Financials Financial plan is
one of the crucial aspects because ultimate
objective is to raise finance and use it for
various purposes. How much finance is needed at
which place should be mentioned? The following
should be included ? What will be the
promoters contribution? ? For what purpose the
promoters money shall be used? ? What will be
the exit option to the investors? To conclude,
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Every business plan is unique in its case. So it
should be drafted with utmost care. Moreover, it
should include all the planning aspects and
should be self-explanatory. Loopholes, if any,
should be highlighted and also the way to remove
those loopholes. This will make the business plan
more genuine and presentable. Click here how to
start an online business to know more.
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Contact Us Head Office (India) Sr.No-29,
Ajikyatara, kalaniketan,
Venture Care Bank,

3031 AV Rotterdam, (NL) Pune, Maharashtra
411043 (IN) Phone [phone]
Venture Care
Branch Office
(Netherlands) Dhankawadi, Near Rajshri Shahu
Jonker Fransstraat 46,
Phone[phone]