Action Plan – Student

Nowadays, a business plan is a real sesame for entering the world of entrepreneurship. Writing this business plan may seem complicated, but it is essential to fund and bring your project to success. So how do you come up with a solid and compelling business plan? Bpifrance gives you some tips to get financing and turn your project into reality!

What is the action plan?

If you want to start setting up a business, a business plan or business plan is an essential tool. It allows you to draw the outline of your project, namely the strategic thinking and operational implementation of the last project. The business plan, which is comprehensive and attractive, aims to ensure the feasibility of the project. It also includes the development of your future business and thus the growth and sustainability of your business over the following years (three years, as a rule). So a business plan allows you to convince your potential partners, as well as banks and investors, to follow you in your footsteps.

What business plan is used?

To get the right equipment, recruit or resort to new technologies, you will necessarily have to raise money. The business plan is not only a main argument regarding the economic and financial viability of the enterprise, but also guides the future entrepreneur in all his steps. Like a roadmap, it allows you to organize your thoughts to take action. So the business plan is a real engine to start your business and carry it out quietly in the long run.

Top-notch business plan tips

Want to put the odds on your side to deliver a solid business plan? Just follow some valuable tips:

  • Improve your file format : This detail is not the same! Your business plan should follow an elegant thread, both in writing style and pagination as well as in spelling. So we suggest that you check it before any presentation.
  • Choose Synthetic Content : To grab the reader’s attention, go straight to the point! Save him the lengths and focus his attention on the key elements that support the viability of your project.
  • Organize your thoughts: The course of the action plan should be clear and clear. With a well-organized summary, you can show the entire project without missing any step. When writing a business plan, the key is to maintain a certain consistency.
  • Prove what you are going to do : Your information should come from official sources if possible, and be secure and verifiable. Whether it’s news articles, online research, or market research, you need to go through everything. See the folders for the display devices.
  • Support the credibility of your project : The goal is to defend the established strategy by evoking the strengths of the project! To distinguish spirits, bet on substance and form, in order to give breadth to your arguments (compositional summary of each part of the file, underlined or bold letters, etc.).

What structure should be adopted for the business plan?

When writing a business plan, you should not strictly follow any particular order, but you should, in any case, give it a clear and coherent structure. Here are the main points to include in your file:

1. Start with a concise and powerful presentationcalled Executive Summary (maximum one page): This introduction consists of clearly explaining the main lines of your project. The name of your company, the nature of your activity, the team leading the project, the target market (target audiences, competitors, etc.) and the vision of the entrepreneur should be mentioned.

2. Talk about yourself more : Your interlocutors should be able to put a name on the face while obtaining information about your background, professional or personal experiences associated with the project. Feel free to introduce future members of your team if they were instrumental in launching your business.

3. Approach your project like this : It is driven by a strong vision and values ​​that make sense to you and your team members. They are essential to embarking on the adventure of creating a business and embodying your main motive. List your goals, experiences, and strengths (eg technical or relational skills).

4. Support your project with a problem: You must demonstrate that there is a problem in your target market and that you are able to solve it. Whatever product or service you are going to offer, think of an innovative, efficient and stable solution, outlining what this means from an economic and financial point of view.

5. Continue with business model : This unique economic parameter will inform your interlocutors how you will achieve employee turnover and thus become profitable. So the added value will have a positive impact on all stakeholders in the context of your project.

6. make a file Quantitative market research : Conduct sectoral and competitive monitoring to determine your position, by revealing the winning cards: whether it is a product’s performance, cost or design, a few advantages can make a difference! As such, you can define your own business communications or strategy (pricing policy, volume of production, distribution or distribution channels, etc.).

7. Explain your overall strategy for the next three years : Your goals should be crystal clear. To achieve them, set yourself manageable deadlines. We suggest that you create a forecast table in relation to the expected turnover, thanks to the sales made.

8. Set your financial forecast: In addition to the profits earned and the resources you have internally, this part will include costs related to operating your future business (movables and real estate, purchase of raw materials, product manufacturing, staffing, taxes, salaries, etc..).).
You must determine your financial needs to start your entire business. Consider developing an initial financing plan, a three-year income statement, and a cash flow plan over a 12-month period. Don’t forget to show your break-even point account, as well as your three-year financing plan.

A true reference, the business plan is a valuable tool and concerns all stakeholders in your company. Alone or with others, you can consult it at any time or have it develop, for a prosperous and healthy business!

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