Business Plan for s.r.o. Company and Trade License
When starting a company ...Many people can't wait to get started. But ... Any business activity should be planned and carefully calculated. Therefore an elaborate Financial Plan should be part of your Business Plan. Writing this takes time. A lot of it.Calculating the revenue and costs alone is not enough.
Even if your product / service is absolutely fantastic, the public needs to know you exist.
For that reason a Marketing Plan is the next vital part of your Business Plan.
Marketing, except for Personnel, is probably the largest expense in a (starting) company.
For example: the response to sending leaflets is 0.2% - 2 reactions out of 1000 prospects.
Costs for a 1000 have been made, and that was only just for once.
Internet is a great way to advertise, but a prerequisite is a good website and even more important: customers need to be able to find your website. This requires getting your website listed on popular sites, SEO (Search Engine Optimization) and various other techniques to make your pages stand out from the rest.
Two very common errors are:
- under-estimating the startup- and running costs, and
- allocating a too small budget for marketing.
An other common misconception is that a business plan is only needed if you want to attract investors. That's not true. In fact, you are probably the biggest investor, considering the money, time, nerves and cafeine you'll put in. It is a very good idea to really take the time to estimate how realistic your plans are and what scale they will be, given your financial possibilities.
If you are planning to attract investors, you need to sell your idea to them, so you need to write it down in the way they want to read it, not how you think it should be.
Note that very few investors will give you money if you yourself are not able to finance at least a part yourself.
A business plan has at least the following elements:
- the product - WHAT, WHY
- the market - WHERE, WHEN
- the team - WHO
- the marketing plan - HOW
- the financial plan - HOW MUCH
- the investor - HOW MUCH ROI
We can help you with writing a Business Plan. We ask the right questions to 'crystalize' your idea on paper.
This requires intense cooperation, because nobody knows your business better than you.
We help you to streamline this information into text (the actual Business Plan), write the Financial Plan, compose a Marketing Plan and accompany you when talking to the investor (if desired).
Altogether this may take a month or more, because you need to think, write, re-phrase and calculate several times to get your business plan in optimum shape.
But: every penny invested in the business plan will earn itself back. It forces you to prepare and avoid expensive mistakes by not having an overview or not doing things in logical steps.