Business plans could be long and complex but it doesn’t have to be so every time. For starters, you can trim the business plan on a single page by including the crucial points that are of utmost importance. This can work as a summary of your entire business plan.
Of course, this doesn’t mean that you do not need a standard business plan. You do. But a one-page business plan sometimes adds to benefit as it can enable prospective investors and partners to quickly understand your business idea and can serve as a project profile or a type of pitch document for your business.
A one-page business plan is a clear and concise way of putting your idea into a format that sums up your entire plan into a short summary for quick understanding and it needs to be impressive. Here’s what should be included in a one-page business plan:
- Executive summary
Here you can include a quick overview of your business concept, the current situation in the market, key factors affecting the business, financial needs. Write a few lines about whatever is your main focus area or requires the most attention in a precise manner as this section summarizes your entire motive of making the business plan.
- Financial summary
This section mainly includes:
- Services offered
- Capital investment
- Initial investment
A lot of what’s included in this section will depend on your business situation. If you’re running a business, the contents may differ but if your plan is for a startup then the above points along with the next section would sum up the entire budget details.
- Startup budget and production details
In this, we have two sub-sections which are:
- Budget
- Pre-operative expenses
- Fixed capital
- Working capital
- Total investment
- Cost per unit
- Price per unit
- Profitability
- ROI
- BEP
- Production
- Area required
- Land and built-up area required
- Operations details
- Manpower required
- Working days
- Swot analysis
SWOT-analysis helps to analyze and understand the strengths and weaknesses of the project along with the opportunities and threats involved in it. This gives us a basic understanding of what the odds are.
- Competitive analysis and pre-requisites
This section describes our competitive advantages over others based on the analysis of specific target markets and niche market segments. It includes identifying major competitors and research their products, sales, and marketing strategies. The answers need to be short and to the point.
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