WRITING A STARTUP BUSINESS PLAN
When a person wants to create the own firm, the first thing he needs to do is to think whether he is ready to undertake such a responsibility and control the company’s development from its early stage. If all is standing, it is high time to start writing a plan, or rather a summary, which constitutes an integral part of every strategy, especially if you seek potential investors or partners to assist you.
Of course, you are welcome to use some professional templates when you write a business plan for a start-up and substitute the inserted data with your personal information, but it is always better to create a unique project and think through the idea to make it attractive. One of the major things to consider is that it should be detailed and precise, with real data and figures. Whether it is a project for a restaurant, for a distillery, for a bar, or for a T-shirt company, it is crucial to think over every aspect of a company that you will manage.
When tailoring an outline, a location of the head office should also be taken into consideration, especially if it is a public place and many visitors are vital to the good standing of the company. The head office environment is also important, as customers will hardly visit places that they consider dangerous or unpleasant.
A successful entrepreneur has to take specialists that are to be hired into consideration even at the initial stage as some of them may assist in outlining and carrying out the marketing research to take into account all possible drawbacks.
As with any new startup project, it also has to bear a new bright idea, something that will attract clients and bring success to the company.
The next thing to elaborate is a bright and interesting presentation. At the final stage, the presentation has to retell briefly everything that might be said by you. People who will see the presentation will need to see figures and data with their own eyes to make them believe in the startup as much as you do.
Making sure that your project is unique by avoiding copying the presentations available on the Internet will definitely complement to your winning strategy. Thus, Pro-Papers would like to provide you with some universal tips that can help you improve the presentation while keeping it exclusive:
- Make sure to gather the information about your competitors so that you will be ready to name them and present the advantages of your company in comparison to their products or services;
- In the case of any project, it is utterly important to know your future audience. Therefore, in order to ensure the success and understandability of your presentation, it would be useful to create several different examples for different audiences (e.g. the one for bankers and the other one for individual investors);
- Keep in mind that it is very important to state the reasonable deadlines and realistic amount of the available resources. Even if you feel overwhelmingly optimistic about the future earnings of your company, you can never predict all the possible changes of circumstances. So, while making your presentation impressive, do not forget to keep it realistic and achievable.
- If you contrived an exciting statement but do not know how to support it, it would be better not to mention this matter at all. Every information you present should be definitely supported by the relevant facts or statistics because empty statements will not only ruin the trust of your audience but also put the future success of your company under the question.
Strive to make your presentation informative, but not too long. It is very difficult to include all the important information and not to overload the project, so it will be much better to shorten the data reasonably. Rest assured that if your audience wants to know more, they will simply ask to provide additional details.