10 key elements of the business plan
- Founder motivations / profile / personal / background / why do
- Business opportunity / market opportunity/ the idea / the concept
- Market / research / size trends / value chain
- Product / service / market fit /
- Business model / pricing / margins / where do you make the money
- Customer / insights / size / benefits / value / convenience
- Operations / logistics / distribution / service
- To market / market approach / marketing / promotion / channels
- Team / organisation / hr / partners
- Traction sofar / can you do it? / results / operations planning
- IT / governance / security / workplaces
- Finance / revenue, Profit &loss, cashflow, balance, valuation / personal finance
- Administrative / Legal / ownership / business structure
- Quality / learning / innovation / certification
Founder motivations, personal backgrounds, and profiles are key factors that influence the success of a business opportunity.
Conceptualizing an innovative idea that aligns with market trends and has a promising market fit is equally important. The value chain analysis and research of the chosen market size and trends can aid in developing a comprehensive business model that includes pricing, margins, customer insights, benefits, and convenience.
Operations, logistics, distribution, and service are critical components of the business. Marketing and promotion channels, as well as a well-structured team and partner organization, help in bringing the product or service to the market. IT governance, security, and workplace standards are important considerations.
Also, finance-related topics such as revenue, profit and loss, cash flow, balance, business valuation, and personal finance should not be overlooked.
Administrative and legal considerations such as ownership and business structure need to be thoroughly recognized.
Quality, learning, innovation, and certification-related factors need to be part of the business plan in order to remain competitive.
Just write it down in a plan and learn as you go. Good luck!