| Ideas can start anywhere. This can happen when a | | | | Should the person have a variety of products in store |
| person is driving or when one is just sitting down and | | | | for the business, one can already determine and claim |
| noticing something that nobody has thought of. Given | | | | that a certain product will be the core line of the |
| that opportunities don't happen very often and being | | | | venture. This will be the key that will lead the growth in |
| the first counts, the individual can begin to put it on | | | | sales. |
| paper and work on the details. | | | | Since it all boils down to money, the document must |
| If the person wants to start up a business but does | | | | show how much is needed for this to work in the first |
| not have enough money to make it happen, then that | | | | year of operation. It is best to show these in phases |
| individual should look out for investors. In order for | | | | so the investors can see at point how the business is |
| these people to be interested in this dream, a business | | | | dong and where the money for this project be used. |
| plan must be drawn up before it can go any further. | | | | Most importantly, how long before the investment will |
| Investors read a lot of business plans monthly and | | | | pay off. |
| since it is hard to decide on which to accept, one | | | | Investors may not have the time to read one's |
| should make sure that the document stands out by | | | | business plan even if this has been mailed weeks |
| making it simple and brief for these people to | | | | before the scheduled presentation. To overcome this, |
| understand. | | | | one should put it in slides so that a visual presentation |
| It must have something concrete that will show how | | | | similar to the one on paper can be viewed by these |
| successful it can be compared to other proposals. This | | | | people. The summary of the business plan should |
| must have projections and figures that people can | | | | state clearly what the person wants to happen. |
| read. It must have a model explaining in detail how | | | | Simplicity is the best way for people to understand the |
| revenue will soon pour in. | | | | business plan. By putting down important details that |
| Another thing that must be present in the business plan | | | | these expect to find, there is no doubt that investors |
| is the marketing aspect of the project. How will this | | | | will want to put out money and make the person's |
| reach the market? What steps will be taken should it | | | | dream a reality. |
| not work out in the beginning? Will distributors be able | | | | One should remember that some of the most |
| to sell it? Who will benefit from this product? What is | | | | successful businesses today started with humble |
| the gender and age group will this cater to? | | | | beginnings. Some started out with practically nothing |
| It should also have a sales plan. It should explain how | | | | but through patience and hard work, the sacrifices |
| this product will be distributed. Will it be done directly or | | | | have paid off. |
| through another source? How much will it cost to | | | | If the individual has a dream, one should make it |
| make such a product? What is the manpower needed | | | | happen. If the person doesn't, perhaps in time someone |
| to make the operation work? | | | | else will. |