IMPORTANCE OF BUSINESS PLAN



To write a business plan you must have to know the format of a business plan, the content of the sample business plan is formatted and structured according to a range of requirements that may vary. This is the toughest challenge for an entrepreneur, the basic format is mentioned below,

Lean Canvas

To begin your plan, first, you have to attach a lean canvas, which is the detailed summary of your overall business plan, which is the best way to represent your idea. It is the one-page document that consists of strategic moves of your business plan.

Report Body Format

There are many different styles and requirements for formatting the body of a business plan, it may be difficult for you to select the right number of names of heading for your report, so I suggest you discuss this issue with an entrepreneur or you can also discuss this issue or other issues related to dissertation writing from professional writers that are easily accessible on InstaDissertation.

Meanwhile, there are several common suggestions as follows:
  • Each page of the report body needs to include a descriptive header with an abbreviated title for the report, the name of an organization or institute on the footer and page number on the right side of the page.
  • Write everything by yourself in order to save from plagiarism.
  • Structure of the report by headings and sub-headings and indicate this structure within the document content.
  • Make sure headings are properly formatted (i.e., flush left, indented, etc.) on each page
  • Use the same style for headings throughout the entire report template.
  • Use only one writing style. (e.g. Times New Roman)
  • Never use the too larger or too small font (font should have a professional look, 12-14 point)
  • Use the proper referencing technique which is available in MS Word.
  • Business plan chapters

The following list provides an outline of the key chapters to be included in the report main body:
v  Abstract: A general overview of business ideas.
v  Lean Canvas: represent your business idea in one page. Download the template of the lean canvas from Academic writers help
v  Executive Summary: In this section, describe your company vision, mission, values, the key to success, objectives
v  Company Summary: in this chapter ideas, you can write about your product or services, your customers targeted market and suppliers.
v  Alternatives and Options: An overview of any alternative proposals or options and their features in comparison to the main proposal of the study, you can add graphs or facts and figures.
v  Cost-Benefit Evaluation: a rigorous analysis method that was implemented to examine and evaluate the main proposal for cost-benefit effectiveness and to demonstrate a business plan, economic practicality, social desirability, and eco soundness of the proposal. You can do break-even analysis in it and perform the risk analysis and critical analysis. Show the cash flows of three or five years

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