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Business Plan Cheatsheet

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  How To Get Funding For Your Startup   Business Plan Cheat Sheet  Business Success Formula   Writing a business plan can prove to be a very difficult task for many entrepreneurs, they end up writing a sub-standard plan and do not get funding for their business. Many of them have great ideas but they failed to write a plan that highlighted the potential in their business and were forced to give up.The Business Plan cheat sheet will let you show you how to write a business plan that helps you achieve your goals. Most successful businesses follow a system very similar to the one below. PM + (PS) * (OE - (C+E+P)) = Successful Business Let me explainIt is a prerequisite to have a Sustainable & Profitable Market (PM) and a Product/Service (PS) that satisfies the needs and/or wants of the  Profitable Market. Business success is dependent on your Product/Service firstly being noticed by the Profitable Market and then selling enough your Product/Service to have enough  Cash  or Fuel (F) to repeat the process. This is called the Engine (E)  of your business. The more efficient the Engine  is, the more profits you make. This is called Engine Optimization   (OE). A business plan is an explanation your business success formula. You need to take your audience through it step by step.The format of your business plan should be:1. The Executive Summary2. Business Overview3. Marketing & Sales Plan4. Operations Plan5. Financial plan and projections: 6. Conclusion Business Startup Cheat Sheet Copyright SGI Consultants Ltd | 2015 Page 2  Tip 1: Know Your Business   The reason many entrepreneurs struggle with their business plan is that they don't understand their business.The business plan should be the final thing you do, you should have great in-depth knowledge of the product or service, target market and the whole industry you are involved in then a business plan becomes a simple and natural /process.If you can answer simple questions regarding your business. Come up with a Minimum  Viable Product (MVP) and start sell your product. Instead of just selling your items, question your customers. Find out what they like about your product, what features they would like to see. Use this information to build a customer centric product that provides value to your target market.what you need to now is the market, your potential customer and how it relates to them. Page 3Business Startup Cheat Sheet Copyright SGI Consultants Ltd | 2015  Tip 2: Know Your Audience   Who you are writing your business plan for plays a huge role in how you approach and write your business plan.Before we go into the specific audience, broadly they can be categorised as ● Professional Investors & Funders ● Consumers & Interest Groups.Professional investors and funders are Angels, Equity Crowd funders, VP banks and other institutions that issue business loans. Their business model depends on investing or loaning you money to generate profits for themselves. They  want  to give you money, their business survival depends on it. Because they are a business they want to make money before they put their money in your hands they need to be fairly certain they can make a return for their investment. Banks want to know they will get their money back with interest.The more money you want from them the more they will scrutinise your business, to ensure its Business Success Formula is strong enough. Page 4Business Startup Cheat Sheet Copyright SGI Consultants Ltd | 2015
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