Tips Planning a Successful Business Plan for a Beginner Businessman

Once the entrepreneur creates a business idea, they pay attention to how to implement the business functions just described, to make the business work. They create a business plan, a detailed description of the proposed business, including a description of the business, the type of customer to be withdrawn, the competition, and the facilities necessary for production. Business plans are not just for entrepreneurs, but also for investors or creditors who may provide financial support. The entrepreneur usually gives his plan to investors who may be interested in owning part of the business. They also give their plans to creditors (banks) that may provide business loans. So, a business plan must be clear and convince others that the business will be profitable.

Estimates of the Business Environment

• Economic environment, explaining the ongoing economic conditions, and the spread of risks and benefits facing the company against the condition.
• Industrial environment, explaining the questions in the industry and the general demand for such products in the industry.
• The Global Environment, describes the ongoing global conditions associated with the business, such as foreign / foreign markets where possible business products may be sold in the future or may obtain supply.

Management Plan

• Organizational structure, describes the organizational structure that describes the relationship between the position of the employees. This structure should also identify the responsibilities of each position in managing other positions and explain the specific tasks and salaries of managers and other employees.
• The production process, describing the production process, including the location, design and layout of the facilities needed to create the product design, also describes the production plan per month or per year.
• Manage employees, explain the working environment used to motivate employees and training plans, evaluate, and compensate employees.

Marketing Plan

• Target Marketing, describes the profit (eg age and income level) of customers who will buy the product, as they form the target market. (who will buy the product?).
• Product characteristics, describe the product characteristics (why the customer wants to buy the product).
• Pricing, explains how the product will be priced compared to competitors' product prices. (how does the customer pay for the product?).
• Distribution, explains how the product will be promoted to potential customers (how will customers be notified of this product?)

Financial plan

• Business eligibility, estimates of the earnings, expenditures, and profits of the proposed business for the next five years. It should be noted that the estimated earnings, expenditures, and benefits proposed may change with various economic or industrial conditions.
• Funds needed, estimate the funds needed to set up a business and support its operations for five years.

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