How to write a business plan


Financial plan and projections

This is the part where numbers become the king.

The financial part of the business plan is a summary of the financial plan that many founders create again separately. The financial plan is the heart of your business planning and the basis for all considerations around external capital requirements, marketing and employee budgets, infrastructure investments and more. A good financial plan tells you months in advance when you will need new capital.
It draws upon inflow and outflow of money, sales forecast, profit and loss statement, balance sheet, cash flow statement, and budget expense. It discloses and forecasts the company’s financial goals, profitability model, and charts a course for the coming years.
Dealing with all of these elements will help you understand your company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses.

Conclusion and appendix.

Conclude the business plan by succinctly bringing out the key pointers – the business’s vision, mission, goals, strengths, and growth trajectory. Make it compelling and to-the-point.
Add relevant appendices to strengthen your business plan.