writing simple business plan examples & free template
What is a business plan used for? We'll see how to write a business plan with free template, examples and process of writing a simple business plan by own.

Writing Simple Business Plan Examples & 30 Free Template

(Last Updated On: May 1, 2019)

What is a business plan used for? We’ll see how to write a business plan & free template, examples and process of writing a simple business plan by own. A business plan is in fact the blue book for your business. It is the written formal roadmap of every business operations.

Pros and cons of every business should be well written in a business plan. Entrepreneurs get to know their action plan mentioned in the business plan.

A good business plan is the backbone of any business. No business can sprout well without a good business plan. Every step, goal, direction, timeline, and process are well defined in a business plan. The future of any business depends on a strategic business plan.

A business plan is very important, especially, for the new businessmen, as it describes how to start, run and manage a new business. A well written business plan is very useful for loan application. A required steps to write a perfect business plan for your company or service, is as follows:

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Step 1- Executive summary

Executive summary is the short description of your business plan that shows a glimpse of your business. It is an overview for the readers that gives an overall impression at a glance and curiosity to go deeper. An executive summary is crucial for writing simple business plan based on related examples & free template.

It should give an ease to read out by saving their time. Be clear, concise and simple so that readers get a persuasion to read the whole. Executive summary is a crucial part of a business plan because it gives your partners, stakeholders, investors, venture capitalists, or the banker an interest to read.

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How to write

  • Personalize yourself as the reader’s point of view
  • Customize your executive summary as per the purpose
  • Shape it up with continuous development process
  • Size matters most, keep it as short as you can, never to exceed more than 2 pages
  • Write positively with strong language for a good first impression
  • Keep in mind, it is a summary of your entire business plan, a short version of the plan
  • Make a double check by a person who has no prior idea on your business, as a reviewer
  • Keep it updating continuously

Related: How could you convert your failure to success?

Executive summary

A well written executive summary of a business plan has many benefits. It is essential for operating own business. A well written business plan is very useful for loan application. An executive summary includes the following:

  1. Mission statement/ Pitch
  2. Company information
  3. Business highlight
  4. Problem statement
  5. Business opportunity
  6. How you relate your business with this opportunity
  7. Competitive advantage
  8. Market analysis
  9. Target market
  10. Products/services
  11. Competitors
  12. Revenue model
  13. Marketing strategy
  14. Sales strategy
  15. Return of investment
  16. Strategy to get market share
  17. Financial analysis
  18. Human resources management
  19. Backup plan
  20. Implementation plan
  21. Timeline
  22. Future plan

The best way to write a successful executive summary is to pick up one to two striking sentences from every part of your whole business plan and, rephrase a bit Interestingly.

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Step 2 – Define your vision

The first and foremost step of a business plan is to define your business vision. A vision is a long term future goal that you want to achieve in the long run. a vision gives your new business a practical focus that projects 5 to 10 years in the future. It is an inevitable part of a business plan which is very useful for loan application to the bank or to any venture capitalist.

Setting a clear vision resist you to misguide yourself from a wrong direction. Business values and goals should be aligned to your business vision. A clear vision reflects big dream, focuses to future and achieves goal successfully. It is inevitable for writing simple business plan based on related examples & free template.

Your vision should cover your mission statement with inspiring aspiration. The achievable goal should relate to your passion with forward thinking and time frame. Your business vision will motivate you and tell your stakeholders the same sort of imaginary reality.

15 companies Vision

  1. Nike Inc.’s vision is “to remain the most authentic, connected, and distinctive brand.”
  2. American Express wants the company to be “the world’s most respected service brand.”
  3. McGraw-Hill’s vision includes “economic growth and job creation” and “creating a smarter, better world.”
  4. The Hilton hotel’s vision statement mentions, “to fill the earth with the light and warmth of hospitality.”
  5. Reebok says “we all have the potential to do great things” and “to help consumers, athletes and artists, partners and employees fulfill their true potential and reach heights they may have thought un-reachable.”
  6. McDonald’s vision statement is “To be the best quick service restaurant experience. Being the best means providing outstanding quality, service, cleanliness, and value, so that we make every customer in every restaurant smile.”
  7. Amazon’s vision says “to be earth’s most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online”
  8. Disney’s vision statement is “to make people happy”
  9. Facebook’s vision says, “to give people the power to share and make the world more open and connected.”
  10. Ford’s vision statement is “People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership”
  11. Google: “to organize the world’s information and make it universally accessible and useful.”
  12. Microsoft’s vision statement is “Empower people through great software anytime, anyplace, and on any device.”
  13. Sony’s vision statement refers, “To be a company that inspires and fulfills your curiosity.”
  14. Zappos describes it’s vision is, “delivering happiness to customers, employees and vendors.”
  15. Apple’s vision statement is, “to produce high-quality, low cost, easy to use products that incorporate high technology for the individual.”

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What makes an effective Vision?

  1. Achievable
  2. Future focus
  3. Goal oriented
  4. Directional
  5. Challenging
  6. Specific
  7. Relevant
  8. Appealing
  9. Purposeful
  10. Realistic
  11. Values-Oriented
  12. Unique
  13. Memorable
  14. Inspiring
  15. Engaging
  16. Time-framed

Step 3 – Set your goals and objectives for the business

Why do you start your business? What is the objective of your entrepreneurship? These are important to know for your success. So, you need to get answers to them. Put them down on the business plan. Setting goals as well as objectives are crucial for writing a simple business plan based on related examples & free template.

Business growth is associated to the business goal. It helps to achieve the business objective. Goal is a quantitative direction for teamwork and accompaniment. Achieving goal is a critical achievements for the strategies.

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Hints of business objectives are:

  1. Increase productivity
  2. Gain competitive advantage
  3. Boost up profit margin
  4. Enhance skills and efficiency
  5. Ensure cyber security
  6. Achieve greater market share
  7. Better customer service
  8. Employee development
  9. Product innovation
  10. Sustainable development
  11. Less turnover
  12. More productions
  13. Door to door sale
  14. Decrease products price
  15. Provide value addition
  16. Create a performance driven culture
  17. Balance expense

Tips for setting business goals

  1. Conduct a SWOT
  2. Assess competitive advantage
  3. Run a market analysis
  4. Consider previous performances
  5. Evaluate employee opinions
  6. Assign role to the team
  7. Ensure support to role players
  8. Relate goal to your mission and vision statements
  9. Be specific and understandable
  10. Set realistic goals
  11. Breakdown your goals into parts
  12. Goal should me measurable
  13. Communicate team
  14. Relate goals to avoid contradiction
  15. Check resources needed
  16. Set timelines
  17. Reviews progress
  18. Monitor and support
  19. Avoid distractions
  20. Reinforce

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Step 4 – Define your Unique Selling Proposition

Why should customers buy from you? What makes you different from others? How do you feel better than your competitors? What is your unique selling proposition in your business? It will clearly distinguish you from other entrepreneurs. Be very clear about your unique selling proposition.

An unique selling proposition in business, USP means the selling point that make your clients impelled to buy your products, or motivate customers to change brand. Unique selling proposition standardizes your products as better among all other competitions. It is important for writing simple business plan based on related examples & free template.

USP is a open offer to customers with specific features that makes the products special to them. Clients are so spurred that they not only buy it, but also refer to others. Mentioning this unique feature in your business plan will make it attractive to your working team to achieve. It is important for a business plan that is very useful for loan application.

The best way to set USP is not to compete in a crowded target. When you will be unique in your service, you can easily find a great unique selling proposition, that no other competitors can afford.

What stuffs makes a great Unique selling proposition

  1. Unique
  2. Memorable
  3. Easy to understand
  4. Differentiates brand identity
  5. Create positive feelings about brand
  6. Describes a key benefit
  7. Traditionally short, narrow
  8. Value addition

7 Steps to set unique selling proposition:

  1. Set your target audience, select your niche
  2. Find the problem you are going to solve (you are not going to sell your product)
  3. Describe the process how your product works
  4. Clarify the most valuable benefits and features you are going to offer (that others can’t)
  5. Make your statement emotional and appealing
  6. Emphasize on your story
  7. Narrow down your statements

Related: Largest ecommerce marketplace in the world- why and how

Famous slogans that describes their Unique selling propositions:

  1. Domino’s Pizza: You get fresh, hot pizza delivered to your door in 30 minutes or less or it’s free.
  2. McDonald’s: “I’m Lovin’ It”
  3. Tesco: “Every Little Helps”
  4. Geico: 15 minutes could save you 15% on car insurance
  5. De Beers: A diamond is forever.
  6. FedEx Corporation: When it absolutely, positively has to be there overnight.
  7. L’Oréal Paris: “Because You’re Worth It.”
  8. Avis: We’re number two. We try harder.
  9. Toms shoes: ”One for one”
  10. MasterCard: “There are some things money can’t buy. For everything else, there’s MasterCard.”
  11. Nike: “There Is No Finish Line”
  12. Apple: “Think Different.”
  13. BMW: “Designed for Driving Pleasure.”
  14. Dunkin’ Donuts: “America Runs on Dunkin'”
  15. M&M: “Melts in Your Mouth, Not in Your Hands”

Step 5 – Know your market

Market analysis is a prerequisite issue to initiate a business. It enables a businessman to have valuable deeper insights into transitions in the economy, society, competitors, product demand, ongoing market trends, fashion, demographics, etc. It also gives realistic data on customers’ expenditure abilities, intention and need to purchase.

Know your market well before going for a business. Business field is gigantic, and one businessman cannot cover up all of them. Even it’s not possible. Clients need many things. Knowing market is relevant for writing a simple business plan based on related examples & free template. It is really challenging to please them always. Therefore, it is crucial for finding out potential customers, avoid risk factors to take precise business decisions.

Market research categories

  1. Data sampling
  2. Secondary research
  3. Questionnaire survey
  4. Focus groups
  5. One to one interview
  6. Phone survey
  7. Assumption and observation
  8. Experiment
  9. Field demo

Market analysis questions-

  1. Who is your customer?
  2. Where is your target market?
  3. What are their problems?
  4. How can you solve their problems?
  5. Are there any other competitors with similar product?
  6. What is the market demand of your products?
  7. How many product units do your customers need in a span of time?
  8. How many units you can produce to meet their demand?
  9. What is the projected requirements of unit products in the market in next 2, 4, 5 and 10 years?
  10. How many of units you will be able to supply in next 2, 4, 5 and 10 years?
  11. What type of products innovation is predicted in the market in next 5, 10 years?
  12. How will you handle the challenges in products innovation in the market in next 5, 10 years?

Put these questions with appropriate answers in the business plan that is very useful for loan application.

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Market analysis tips

  1. Determine target customers
  2. Browse Internet sources for background study
  3. Be involved, rather than relying on secondary data in the websites
  4. See through customer’s point of view
  5. Gather real time data as much as you can
  6. Summarize your detailed analysis in short
  7. Run serious market analysis
  8. Focus past history and present trend
  9. Include graphical and visual representation
  10. Forecast future with your intuition
  11. Find out relationship of the market with your business

Step 6 – Know your customer

For whom have are you started your business? Obviously it’s for your customers. Your customers are your blessings, the key role players for your success. Loyal and happy customers can multiply your success with their emotional involvement.

Decide whom are you going to deal with all through your venture. Know them very well. You will have to handle your each and every customer’s choice, taste, hobbies, like, dislike, passion, need and problems with care and attention. Knowing customer is required for writing a simple business plan based on related examples & free template.

Know your customers very well- their interest, ability, motivation, psychology, instincts, and emotional triggers. You cannot force your customers to buy. Need to know their motivational factors so that they are impelled to buy emotionally, and bring more leads, continuously. A properly written business plan is very useful for loan application.

Customer is always right. You cannot change your customers. Focus on what you need to change yourself to make your customers buy. Write all these in your business plan. Understand your customers. Go for permanent relationship building through compassion, positive word of mouth, trust, and responsible solution maker.

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What a customer seeks from you

  1. Empathy
  2. Respect
  3. Control
  4. Information
  5. Priority
  6. Trustworthiness
  7. Fairness
  8. Friendliness
  9. Relationship
  10. Options and alternatives
  11. Values
  12. Discount
  13. Authority
  14. Problem solve
  15. Ownership

Type of customers

All customers are not same, or not even similar. They can be of different kinds. You cannot treat all of them equally. One trick or approach can be perfect for one, but, be sure, might be very offensive to others. Customers can be of-

  1. Rigid
  2. Potential
  3. New
  4. Permanent
  5. Impulsive
  6. Discount
  7. Loyal
  8. Confused
  9. Driver
  10. Expressive
  11. Dominating
  12. Amiable
  13. Adamant
  14. Analytical
  15. Choosy
  16. Perfectionist
  17. Liberal

Handle each of everyone differently. Analyze their need based on your experience, knowledge and intuition. A well prepared business plan is very handy for loan application. Need to know their additional needs. Give them right product, solutions and services to meet their need. Be their trusted solution maker, not a businessman.

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Step 7 – Research the demand for your business

What is the present demand of your business? How do people accept it? What could be the profit margin? How many companies are there with the similar products? What is the anticipated future? Is this business sustainable over the next 10, 15 years? There should have a reflection of thorough research outcome on your venture in the business plan. Research is inevitable for writing a simple business plan based on associated examples & free template.

Research on demand allow you to understand the trend of your business. You can’t reverse after starting operations. Therefore, a well defined analysis and projected products line should be good. If the demand is high, but the competition is low, you should start thinking on it right now.

Research should be on real time information. Be careful, in case the products are going to the declining stages, despite of current demand in the market. In this case, the best product should be one that is not in the market yet. Do a holistic research on your blue ocean ideas.

It will be a good one if your innovative idea clicks. The risk is lower in case you have a new product with comparatively higher demand in the market. You cannot blindly jump in a business on vague assumption only. Your valuable research on demand is your valuable fuel to ignite your business.

Step 8- Competitors

Your competitors are not your enemies. In fact, competitors are your silent mentors. You can learn many things from your competitors and include in your business plan. Studying competitors is relevant for writing a simple business plan based on related examples & free template.

Do holistic research on them and enlist in your business plan for your decision making:

  1. Business
  2. Structure
  3. Profit
  4. Revenue
  5. Expansion strategy
  6. Quality of management
  7. Investment policy
  8. Debt
  9. Credit
  10. Location
  11. Capital
  12. Experience
  13. Corporate form
  14. Image
  15. Number
  16. Skills
  17. Expertise
  18. Human resources

Strategy

  1. Development
  2. Rate of change
  3. Personnel policy
  4. Positioning
  5. Speed of innovation
  6. Corporate culture
  7. Quality assurance

Products

  1. Brand values
  2. Operation
  3. Quality
  4. Features
  5. Prices
  6. Positioning
  7. Products range
  8. Numbers
  9. Product lines
  10. Degree of innovation
  11. Flexibility
  12. Delivery range

Production

  1. Supplier
  2. Flexibility
  3. Reaction rate
  4. Capacity utilization

Marketing

  1. Communication channel
  2. Prominence
  3. Brand value
  4. Public relations
  5. Advertising
  6. Conditions
  7. Pricing strategy
  8. Organizational structure
  9. Sales channels
  10. Sales materials
  11. Pricing of sales
  12. Image quality and customers
  13. Kind of customers services

Services

  1. Decisions making authorities
  2. Contact persons
  3. Competence
  4. Professionalism
  5. Organization
  6. Accessibility
  7. Reaction time
  8. Flexibility
  9. Reputation
  10. Reliability

Logistics

  1. Security
  2. Punctuality
  3. Delivery capacity
  4. Delivery quality
  5. Speed of delivery
  6. Storage
  7. Transport

Technology

  1. Innovation
  2. Automation
  3. Cyber security
  4. Website

Legal

  1. Intellectual property (IP)
  2. Affiliation
  3. Membership
  4. Trade license
  5. Customers’ privacy

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Step 9 – Financial analysis

It is a very crucial part of your business. Every successful business focuses on this part since inception. Without finance, any commercial business has no meaning at all. Your business plan should rightly address this issue for your future success.

Financial analysis is, in fact, the process that assesses how far a business is financially suitable and feasible. It deals with financial entities like business plans, financial statements, projects and budgets that come across a business operation.

Your financial analysis have to cover every possible financial information that your business have now, as well as, financial data that is estimated for future growth, and a projection of your day to day operating expenses. A proper financial analysis is handy for writing a simple business plan based on related examples & free template.

Objectives

A financial plan should have the following objectives:

  1. Assess your existing financial situation
  2. Plan your financial goals
    Plot your backup courses of action
  3. Assessing alternative plan
  4. Generating and enacting your financial action plan
  5. Reviewing and revising the plan if needed

A financial plan covers

  1. Cash flow statement, day to day incoming and outgoing cash flow
  2. Income statement, also called the profit and loss statements
  3. Balance sheet and the cash flow statement
  4. Forecasting sales
  5. Break-even
  6. Tax management and planning

How to generate a financial analysis

  1. Begin with sales forecasting, that will be able to describe your weekly or monthly sales goal
  2. Create a simple spreadsheet that will visualize sales of two years and next
  3. Make your expenses budget of next 1 fiscal year, to be renewed yearly
  4. Create a smooth cash-flow statement to be very useful for your day to day revenue
  5. Show your Income projections with proper breakdown
  6. Clarify your assets and liabilities properly, these things will be pivotal factor to run your business in the long run
  7. Calculate your Break Even analysis, a very vital part for forecasting sustainability of any business
  8. Generate a comparative financial statements
  9. Prepare a statement of changes in working capital

Steps

A financial analysis should maintain following steps:

  1. Research on economic characteristics of your Industry
  2. Set your organizational strategies
  3. Evaluate the quality of organizational financial statements
  4. Analyze profitability
  5. Calculate budget
  6. Assess risk factors
  7. Develop projected financial statements
  8. Analyze trend
  9. Analyze ratio

Components

A financial analysis should have following components:

  1. Insurance
  2. Budget
  3. Debt management
  4. Retirement planning
  5. Estate planning
  6. Saving
  7. Investing
  8. Taxes
  9. Monitoring progress

It is important never to make the financial plan complicated, ambiguous or laborious. A short and precise business plan carries value for loan application. A practical and actionable will actually be useful to you.

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Step 10 – Define your marketing strategy

Your marketing strategies are your strengths. The products you will develop require huge attention and strategies to deliver to your target market. To set the action plan of your marketing strategy, you need to get clear answers on the following, in your business plan:

Why

Your objective of business

Who

Decide about your ideal customers

Difference

What is your competitive advantage? How and why you are the best?

Price

How much cost will be best for you and your customers

Positioning

An story that your customers will believe about value you create

Distribution

What is the way to reach people to get your products into their hands easily

Platform

Where is the place you tell your story

Promotional strategy

What will be your approach to tell your story

Conversation strategy

How you strengthen relationship with your prospective customers

Growth strategy

What is your idea for attracting customers in number

Referral strategy

The story you give your customers to tell to their network

Strategy to multiply transaction value

How you please customers by positioning

Retention strategy

How you make sure your customers coming back and be the permanent customers.

These steps of a business plan is very useful for loan application.

Step 11 – Operations manual

An operation manual is a hand book of a business describes the written directions, policies, instructions, information, procedures and processes which are required to operate a business. It is an important stuff for a business as it works as a operational guideline of a business.

A well written operations manual implies a smooth operations of a business, apparently. In most of the companies, operations manual is an open secret resource separately put for actions. Planning an operational manual is relevant for writing a simple business plan based on related examples & free template. However, a clear indication in short about this handbook should be reflected with key features in the business plan.

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Contents of an operations manual

1. Introduction

(An outline about objective of the manual as well as the targeted users for who it is produced)

2. Overview

(An outline on the questions answering on “where”, “what” and “how” about the organization)

  1. History
  2. About
  3. Mission
  4. Vision
  5. Aims, Goals & Objectives
  6. Principles
  7. Strategies
  8. Services and delivery process
  9. Management

3. Structures

  1. Organogram
  2. Accountability
  3. Meetings
  4. Process
  5. Proceedings

4. Specialized Service, Policies and Procedures

  1. IT
  2. Confidentiality
  3. Automation
  4. Emergency procedure
  5. Logistics

5. Board of Directors, or Management

  1. Committees
  2. Roles
  3. Processes
  4. Executive
  5. Board
  6. Delegations

6. Human Resources Management

  1. Recruitment and Selection
  2. Appointments/ Contracts
  3. Orientation
  4. Training
  5. Supervision
  6. Health and Safety
  7. Leaves
  8. Grievance Procedures
  9. Employee Benefits
  10. Disputes and Dismissals
  11. Job Descriptions
  12. Job Reporting
  13. Policies

7. Administration

  1. Financial Planning
  2. The Budget Cycle
  3. Funding
  4. Tax
  5. Insurance
  6. Logistics
  7. Transport

8. Evaluation

  1. Strategies
  2. Policy
  3. Plan

9. Appendices

  1. Constitution
  2. Membership
  3. All other Manuals
  4. Awards
  5. Statistics

Apparently, an operation manual may not be actively valuable, but it is a well designed protection to resist disasters caused by human resources. It could be different from company to company based on its purposes. Finally, the operations e should be user friendly for the greater purpose of its usefulness and utility.

Related: Is your business idea as innovative as a blue ocean strategy?

Step 12 – Sales strategies

You have your products. Fortunately, you have developed your marketing plan. You know your market. This is the time to make sure your sales strategies to make win win deal with your clients. Mention the process and strategies for sales, in your business plan.

In fact successful business operations depends on success on sales. To make the sales smooth and optimum, you have to weave your appropriate sales strategies. The core objective of a vigorous sales strategy is to make smooth sale up to the last customer, as well as to enhance profit gradually and certainly. Sales strategies are relevant for writing a simple business plan based on related examples & free template.

  1. Include free trial period
  2. Automated email campaigns
  3. Target existing customers for continuous sales
  4. Know what is need of your customers, and generate urgency
  5. Capitalize problem-agitate-solution (PAS) method to shape your prospects

Step 13 – Human resources management

Managing your human resources is challenging. Success of every business operations largely depends on maximum use of it’s human force. A good manager can handle his each and every human resource carefully. Human resources management, HRM is a great art for the entrepreneur.

Before maintaining human resources, the best idea is to hire the best human products for the organization. Skill, effective and efficient human resources are the blessings for the organization. Upon motivation and care, your human resources can bring success at the shortest possible time.

Put down a glimpse about your HRM in the business plan.

Related: 35 facts I wish I knew earlier about being an entrepreneur

Mission of HRM

Human resources management establish the following mission in the organization

  1. Strategy
  2. Operations
  3. Compliance
  4. Employee performances
  5. Low turnover
  6. Revenue generation
  7. Automation

HRM system

A human resources management system deals with the following dimensions in an organization:

  1. HR management
  2. Orientation management
  3. Job placement
  4. Shift management
  5. Goal management
  6. Strategic management
  7. Recruitment management
  8. Selection management
  9. Appraisal and review
  10. Succession and career planning
  11. Payroll management
  12. Leave management
  13. Training, coaching & development
  14. Performance & reward Management
  15. Insurance management
  16. Policies & forms publishing
  17. Job engagement
  18. Personnel administration
  19. Organizational change management
  20. Organizational survey management
  21. Career & Talent management
  22. Employee suggestions management
  23. Absence management
  24. Newsletter, opinions, poll & events
  25. Employee self services
  26. HR planning
  27. Competence management
  28. Attendance management
  29. Labor relation
  30. Health, safety and security

Related: Business telephone systems to improve communication

Employee improvement process

  1. Attract the best manpower for the organization
  2. Educate selected candidates for performance optimization
  3. Train the selected employee for growing responsibilities
  4. Motivate by positive reinforcement
  5. Empower the deserving candidates in strategic decisions
  6. Reward the best fit employees for their further growth, which is correlated with organizational growth.
  7. Retain the good employees with reward, meaningfulness of job and motivation
  8. Improve low performing/ disengaged employees with counseling, training and coaching, or eliminate them if not developed up to the mark.

Personal attributes of HR professional

A professional HR should have the following traits:

  1. Having soft skill
  2. Decisive thinker
  3. Technology friendly
  4. Skilled influencer
  5. Updated and knowledgeable
  6. Courageous
  7. Neutral
  8. Personally credible
  9. Rational and logical
  10. Collaborative
  11. Future focused
  12. Challenge takers
  13. Intuitive
  14. Role model for others
  15. Motivator
  16. Curious
  17. Emotionally intelligent
  18. Diplomatic
  19. Trusted
  20. Having strong personal skills

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Step 14 – Supply chain management

SCM, the supply chain management, is the smooth and successful process of management to reach the finished product or service to the end level consumers, from the place of origin to the place of consumption. A well defined supply chain management is relevant for writing a simple business plan based on related examples & free template. It is necessary to mention about your SCM in your business plan.

SCM is the flow of goods, raw materials and services from the source via transport to the destination to the store, or show room. The goods, etc, then reach to the hands of customers and gain a competitive advantage.

SCM process flowchart

  1. Factory/ source
  2. Package/ label
  3. Transportation
  4. Received in good condition
  5. Warehouse management
  6. Integration to shops
  7. Quality assurance
  8. Deliver to retail entrepreneur
  9. Stock in showroom
  10. Customers experience

Supply chain transformation in Samsung

  1. Listen to the voice of customers
  2. Adopt six sigma methodology
  3. Use advanced planning and scheduling system
  4. Develop cross functioning team
  5. Streamline performance evaluation system
  6. Standardize process and parts
  7. Establish risk management system

Supply chain lessons from Steve Jobs

  1. Customers come first, cost cutting come second
  2. Aim impossible target
  3. Prioritize initiatives based on importance
  4. Adopt process monitoring of company
  5. Simplify products and processes
  6. Undergo holistic change when required
  7. Increase relationship through face to face meeting

Related: Hard Skills vs. Soft Skills: Examples, Difference & Importance

Supply chain lessons from Amazon

  1. Place yourself in your customer’s shoes
  2. Don’t be redirected by the competition
  3. Focus on the goal
  4. Travel extra mileage
  5. Implant seed and observe them sprout and grow up
  6. Offer improvisation
  7. Develop great team

Best service supply chain

  1. Customers services should be the top priority
  2. Don’t repeat any job
  3. Pickup the right people, put them at right place, and empower them
  4. It is more than technology
  5. Promise lesser, deliver more and more
  6. Segment your target market
  7. Do your suppliers need your help?
  8. Be prepare for change
  9. Grow partnership with third party logistics vendors
  10. Give best performer the best exploring opportunities
  11. Envision every contact an opportunity
  12. Undergo win win negotiation with partners
  13. Satisfaction first, productivity second
  14. Make harmony in your database for all operations

Related: Improve top soft skills that employers look for future

Step 15 – Revenue model

Revenue model is a crucial thing for any business venture. It is also called the business model. A well thought revenue model is important for sustainability of any business.

Setting up a business model is not that much easy. By this, you can implement your strategies for your venture. It is directly related to your financial objectives. Revenue model is a must for writing a simple business plan based on related examples & free template.

The most effective way to create your most effective revenue model is to “forecast”. You can estimate your cost and revenue to calculate your projected revenue.

There are two common approaches to forecast your revenue and generate your business model. These are:

  • Top-down forecasting
  • Bottom up forecasting

By top down forecasting, you can grossly bring the entire market size into your consideration, then assume your niche to get your specific target segment. From this you can predict how much you can penetrate.

By bottom top forecasting, you reverse your calculations from bottom to top, from the marginal level headcount to replicate the process upto the top level of the market, grossly.

Related: 10 life lessons people learn too late

Steps to consider

  1. Pickup the dominating variables of your venture that play crucial impact on your revenue
  2. Find out your risk factors, understand them, and address them particularly. By this approach you will be able to mitigate your risk variables, that has great impact on the revenue.
  3. Forecast the near future, instead of looking into a long term future.
  4. Bottom line, break even points, major milestones, etc. has greater impact on the revenue model.
  5. No one can run a business, based on a single revenue model, keep some alternative revenue plans. Also, be flexible to adopt different business models at different time for different reasons.
  6. Pick up a revenue model that is in line with your company values, development and culture

Related: 5 reasons why people do not perform at their best

Types of business plan

There are several popular business plans in practice. Such as:

  1. Strategic Business Plans
  2. Feasibility Business Plans
  3. Start-Up Business Plans
  4. Internal Business Plans
  5. Growth Business Plans
  6. Steady Business Plans
  7. Operations Business Plans
  8. Survival Business Plans

Popular business models

Some of the popular business models are as follows

  1. Middleman model
  2. Distributor model
  3. Reverse auction model
  4. Freemium model
  5. Retailer model
  6. Direct sales model
  7. Advertising model
  8. Affiliated model
  9. Multi Level Marketing model
  10. Customization model
  11. On demand model
  12. Marketplace model

E-commerce business models

Some of popular e-commerce business models are as follows:

  1. Business-to-Business (B2B)
  2. Business-to-Consumer (B2C)
  3. Business-to-Administration (B2A)
  4. Consumer-to-Administration (C2A)
  5. Consumer-to-Business (C2B)
  6. Consumer-to-Consumer (C2C)

Related: Improve leading social skills essential for success at work

Step 16 – Future plan

What is your future plan with your business need to describe in the business plan. Your future plan is not only important for your business growth, but also for the stakeholders, customers and investors to understand your strength, stability, trust and value proposition.

It is true that future is not certain. There are some risk factors and uncertainties that may come across your journey. But, your precaution, preparedness and backup plan can handle most of the man made barriers.

Your future plan will boost up your confidence. Future plan will enable you to stay on track. It symbolizes your steady growth. A rightly predicted future plan is an inevitable step for writing a simple business plan based on related examples & free template.

Future plan model

Factors that synergizes future growth of a business:

  1. Innovation
  2. Change and transformation
  3. Long products line
  4. Company Values
  5. Brand identity
  6. Positioning
  7. Trust of the customers
  8. Competitive advantage
  9. Talent acquisition and retention
  10. Customers retention

Related: 20 traits that answer how to become a great CEO

Bonus Tips – Start!

The final say is, just start! There is no limit of development. Progress is a continuous process. So, don’t think too much. Start your business “now”!

You can keep developing your business plan and other factors day by day. When you involve yourself in the many parts of business, it will grow up your knowledge and experience. Starting now will strengthen your gut to face challenges.

When you do yourself, you will be able to learn continuously. Problems are your opportunities. So, don’t worry to involve and confront mistakes. Starting is the inevitable step for writing a simple business plan based on related examples & free template.

Learn from your mistakes. It will be much more effective than theories or any blog articles.

Don’t think too much over your business plan. Just start now! Lest, you may lag behind, and others may overtake you in this competitive business arena.

Download 30 Business Plan Templates Free

Free business plan templates

A rightly written business plan is the key to business success. There are many business plan templates on the internet. You will find many simple business plan examples whether you require a startup donut business plan template, a small business planning guide, a business plan for service template, a small business plan template at home, or a business plan format for service providers– all are available free. Writing a simple business plan and having examples & free templates will make your way very easy to understand and pick you up from the zero.

Download some business plan templates and pick the best one for you.

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Ahemed Shamim Ansary

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