BUSINESS PLAN 101: How to Effectively Write a Business Plan

I have spent thousands of hours over the years learning about and working on business plans. My goal with this weekly series is pass that knowledge on to the Steemit community so it can be harnessed so Steemians are given the tools to write a business plan and move from the idea to implementation stage as efficient and effective as possible.

The "BUSINESS PLAN 101: How to Effectively Write a Business Plan" series will teach you:

• WHAT a business plan consists of including high-quality, original templates & examples,
• WHY writing a business plan is an essential step for successfully starting a business,
• HOW to write an effective and actionable plan that will lead to a successful funding and launch,
• WHO reads business plans and how to tailor your plan so that your message is delivered effectively, and
• WHEN to start pre-launch, launch, and post-launch marketing plans including real-world examples. [ADAPTS; : FRP]

Through many trials and tribulations over twelve (12) years I have figured out what I believe are the most important sections to have in a business plan in order to successfully start, fund, and set up your business for long-term success.

Each section I go over will teach you obviously how to write the specific section, but will also teach you fundamental business knowledge to use so you can apply it in your new business. These are the components of a successful business plan I will cover in this series:

• Executive Summary
• Company Description
• Market Description
• Market & Competitor Analysis
• Target Market, Positioning, & Main Differential Attributes
• Price Strategy
• Plan Strategy
• Operations
• Unique Selling Proposition
• Marketing Plan
• Main Media Plan
• Main Recommendations for Success
• Financials
• Financial Assumptions
• Pro Forma Profit & Loss Statement
• Pro Forma Balance Sheet
• Pro Forma Statement of Cash Flows
• Appendices

So excited to get this series started and pass on all this knowledge and experience with the Steemit community. The first post in the series will be tomorrow :)

Thank you as always for your time and attention.

Namaste

@chiefmappster