Are you an MBA Student who requires to write your own business plan? Or are thinking of setting up your own business? In both cases, you would need a business plan. I have written my business plan from scratch in the third semester of my Executive MBA for the course "Advanced Entrepreneurial Management". I would like to write a series of posts to walk you through writing the business plan. Please remember that the plan that we will talk about will be a fictitious one and does not take into account, the actual market conditions.
To begin with, let us understand what the business idea will be about and what are the contents etc.
Please watch this video to understand what the idea is all about
We will now see what contents are required to write a Business plan for the above idea.
1. Executive Summary
2. Company
3. Products & Services
4. Market analysis
5. Strategy
6. Operations
7. Financial plan
Each of these topics, according to me, were pivotal for the business plan. You can modify yours according to your needs, as this is just a guideline. We can start to explore each of this topic in the upcoming blog posts.
We will do the executive summary at the end, as it summarizes the whole business plan in a page or two. See you in the next post!
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