How to write business plans? A basic approach

With my 5 years of experience in writing business plans, I learned some of the basic parameters that make you ahead of others. Here is what you need to know

Do you have answers for these questions?

1. You may have an idea for a product or service, right? If so, is it unique of some sort?
2. Have you done any research for information or similar services that you are dreaming for?
3. How practical or capable to make it reality
4. How do you manage required funding? Have any thought about partners or equity funding or other sort of engagements to help you with this venture.

If you can answer yes.... Congratulations... please continue

Here is what you need for a solid business plan:

Business Plan components:
1. Write your Vision / Mission
2. Opportunity
3. Market Strategy
4. Business Strategy
5. Organization and Operations
6. Management
7. Core competencies and Challenges
8. Financials
9. Risks & Contingency Plan

Once you have all the information ready, you can present it in few different ways.

Executive Summary
It should be one page document with Vision/Mission, Opportunity, Strategy, Other financials information

Presentation / Reference manual

Arrange presentation in the order of business plan components above and also can provide hand-out with some specific details

If you need further information or help, write me at 'sameer.penakalapati@gmail.com'