Business Plan for Start-Up: what is needed and how to process it - Gescofid SA
For a proper presentation of a business idea, a startup is not able to leave a business plan out of consideration. Let's see some useful tips for first-rate entrepreneurs.
In its simplest form, a business plan is a guide, a schedule for your own business, used to describe the goals and the details on how to achieve them.
Practically, the business plan is a very important tool to determine both financial and economic planning. A fundamental aspect, especially for a startup.
The relevance of a business plan for a startup
In the new economy, the locution startup usually indicates a small-sized company which arrives on the market following an innovative idea. An example is given by the new technologies.
For a proper presentation of a business idea, a startup is not able to leave a business plan out of consideration.
For a startup, the value, or the importance of a business plan, is given by the fact that this is the document where the features and the related contents of all the entrepreneurial project are synthesized. In addition to being used to potential investors or buyers, a business plan is also important for the management and corporate planning, as well as for a right external communication.
How can a startup elaborate a business plan efficiently
Firstly it should be noted that to elaborate a business plan efficiently there is no a specific fixed structure. In fact, every startup will have to elaborate a business plan on its goal basis. Anyway, a general method to be used as a reference could be:
A general descriptive part ;
A part that will outline the service or the product ;
A part should be dedicated to your specific market branch ;
The last part that will be purely numerical, that’s because every financial and economical detailed aspect should be indicated here;
In conclusion, will be necessary to draw up a synthesis whit every fundamental concept of your own business plan.
So, on how a startup can elaborate a business plan efficiently is good to remember that its structure should have two parts, basically. These macro-areas are:
The initial part, or the descriptive part.
The next part, or the one where the financial and economic data are.
On the Swiss Confederation website, you can find some business plan samples.
Finally, to efficiently elaborate a business plan, a startup will have to pay attention to both of quality and quantity parts.