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How do i write a business plans

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To write a business plan, I'd recommend you use this book as a guide: Creating Business Plans by Havard Business Review. In the book, it is recommended that your business plan is organised around a framework with the following four factors: 1. The People: Those who will be starting and running the business, in addition to any outside parties who will provide important resources.

  1. The Opportunity: A profi le of the business itself: what it will sell and to whom, whether it can grow and how quickly, what its economics are, and what might stand in the way of success.

  2. The Context: The big picture—the regulatory environment, interest rates, demographic trends, infl ation, and so on. Essentially, factors that inevitably change but that you cannot control.

  3. The Risk and Reward: An examination of everything that can go wrong and right, as well as a discussion of how the team can respond.

The book is written primarily for an American audience. But you can use the insights and tailor it to suit your business in Nigeria.

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Please see the suggestions at the following question here on Micro Mentor that may be useful: https://www.micromentor.org/question/4871

You will be able to network your business vehicle, pick up riders as industry partners, and attract revenue fuel in the form of customers by marketing and social networking based on the thorough definition and content of your plan.

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