Business Plan

Dr Saif Siddiqui
“Those who fail to plan, plan to fail.”
-George Hewell
 What is a BP ?

A Business Plan (BP) can be defined as
 a document that describes an organization's current
status
 forecasts / plans for the growth in the times ahead.

 can be from a quarter of an year to several years in the

future.
 It is a simple representation of balancing and gaining
edge over the weaknesses of a business with the strengths.
 Main Features of a Business Plan
 The main motive of a business is profit.
 Business men should not rush into business ,
 unless they forecast their weaker areas first.

 A strong BP can sustain a business or can ruin it.

 Focused Strategic Plans
Focus the strategic parts of your plan related to:
 Time and Energy to attain goals
 predefine what is to be achieved
 Resource allocation
 Your Business and Competition
 Analyze your strengths and weakness
 Extended Tricks To Strategy
 A Secret Business Mind remain working
 Editable Business Plan
 Make BP in revisions as you go in depth, make it
final when you are sure about zero loopholes
 Make another BP as a Plan 2
A Word of Caution
 If you are fundamentally in a lousy business, you
will not get very far irrespective of the efforts and
the talent.
 No matter how talented you are and how much
capital you have, if you have not given your idea a
rigorous, critical examination before starting out,
you could be heading for a disaster.
Some Interesting Statistics

 Most businesses fail in less than two years

 Fewer than one percent of the business plans
submitted to VCs get funded
 How to Draft a Simple BP (indicative)
 Vision of organisation  Better serve clients
 Goal of future  Ad more to target
 Clients, Users, Target  Adding new customers /
market users / target market
 Edge and Strength share
 Barriers to achieve  Accountings
the target  Starting of the plan
dates
 Vision of organization
Know organizational vision
 Where company wants to go ?
 Will the organization fully supply you with

resource
 How can you plan accordingly and
 what a company needs to do to attain goals
 Future Goals
Make Futuristic but realistic goals.
 Dream in night,
 Jot down in day that how you vision a
particular part of business.
 Where do you want to go. You know the Answer
If yes : How
 Clients, Users, Target market
 Probably most important feature of the
business.
 Understand whom to target and how.
 Know a users mind and you create business.
 right customer , right product , right market
 The Edge and Strength
 Edge over your competition is the strength, you
possess. This also features
 Special achievement and knowledge in team
 Special viewpoints and ideas
• which can result growth
 Barriers to achieve the target
 Provide weaknesses
 also provide how these can be removed.
 Barriers Can be
 Resource
 Finance
 Machinery
 Communication barrier etc
 Plan accordingly and suggest ways so as to remove
barriers.
 Better Client Servicing
Clients are your customers. Always take a peek in
better client services
 Communication
 Advices
 Response Time etc

Everything can be accounted in this section

 Increase in Target
 In a business plan, grow the business.
 The best way is dividing targets quarterly
 During 1st phase it is least say 20% of total growth
 Increase a bit in second phase based upon your

calculations
 The third phase is the highest increase
 Remaining of target comes in last phase
 New Segments of Scope
 Is there a new market ?
 Are their any growth in certain sectors ?
 How can these be trapped ?
 Are there any specific strategies ?
 How do you plan to grab a new target market ?
Answer these questions in this section.
 Accountings
 Financials and Accounting facts to be dealt with
 This might also take into account, project costs.
 Time Management

 Manage the time based upon estimation,

 Always remember to add 15% - 20% time due
to unknown factors.
 The Last Words
 Have a business plan that is simple to grab user
/ reader attention.
 The simple rules and information can make a
killer BP to maximize business.