Solid Business Plan. What is often the first thing that may come to mind when you are told to make a solid business plan? The majority of us may think of a good, foolproof business plan as an example of a solid business plan. We may also associate it with something to do with business hence the term, but it also has something to do with intensive research of the type of business you plan on making and to check whether the plan is foolproof and safe. You may also be asking yourself why do you need a solid business plan if a simple one will suffice? The reason is simple and will be explained below. With that, you can also check out the examples in PDF about solid business plans. See 30+ Free Business Plan Examples, FREE 34+ Simple Business Plan Examples in PDF | MS Word | Pages | Google Docs | Keynote | PPT, and 100+ Business Plan Examples | MS Word, PDF.
What is a solid business plan? So a solid business plan is a kind of business plan that acts like a map for business and companies. It has all the features that a regular business plan holds. Like executive summaries, the products and the services, the financial planning and of course the strategies that are required of the business plan. In addition, a solid business plan acts like a road map. It guides the business owner to make carefully thought out decisions, it also helps by giving you the general or the big picture of what may happen if you follow this route or the other. The reason why a lot of people may prefer making a solid business plan is because a solid business plan is more carefully thought out, more researched and of course it is more practical and business oriented than the general business plan. The purpose stays the same as a general business plan. See 21+ Company Business Plan Examples and 33+ Business Plan Examples & Samples in PDF | MS Word | Pages | Google Docs.
Making a solid business plan is quite different from making simple business plans. The difference for solid business plans is the fact that it is more specific, more thought out and researched. In order to understand the basis of this kind of business plan, here are some steps to teach you how to make a solid business plan.
With any kind of business plan, may it be a personal business plan, a vegetable business plan or even a coffeehouse business plan, the most common thing that they have is making an executive summary. The executive summary acts as an introduction, scope and brief narrative of what your business is about. See 10+ How to Create an Executive Summary Examples in PDF.
The next section to your business plan is to describe in complete detail about your business or your company. It is a good idea to explain what you are going to be accomplishing and what type of business or company you plan on starting.
Strategies that should be practical are written in a solid business plan. The purpose for this is to make sure that the strategies that you are making will and can be used when you set up a company or a business. To simply put, it is not something that you think should be in it, because not all strategies that you can come up with may be good for your business or company. So think it over.
Lastly, listing down the products and the services you offer should also be a part of your business plan. What are your company products or what services do you think everyone should know about?
A solid business plan is a kind of business plan that acts like a map for business and companies. It has all the features that a regular business plan holds. Like executive summaries, the products and the services, the financial planning and of course the strategies that are required of the business plan.
The only difference between a general business plan and a solid business plan is a general business plan’s details are generalized rather than specific. A solid business plan is a carefully planned, well researched road map that collects enough information to make the right decisions. The strategies are also more practical than most general business plans. See 10+ Business Plan Guidelines Examples.
Many would of course prefer to go for a simple business plan. But there is no denying that a good business plan is a solid business plan.
Doing business or planning on making a company, there is no denying that a business plan must always be in order. Solid business plans help by giving you the right strategies as they are carefully thought out and not simply something that you make on a whim.