Lincolnshire, IL – Benefits of Developing a Business Plan from a Business Coach

A well-crafted business plan opens more opportunities to attract high-potential investors – a priority, especially for small businesses and startups. An effective business plan contains valuable information, defining your mission, purpose, services, and long-term potential.

Business plans can be simple, containing only the fundamentals of your business venture or startup, or may require additional information for banks and investors. Working with a certified business coach is a great way to simplify the process and ensure your plan is efficient to get your business off the ground.

A Coach Makes Your Business Plan Engaging

To generate more funding opportunities so your business can thrive, you need an engaging business plan to demonstrate competitiveness and profitability potential. To ensure it is compelling, I’ll assess the following:

• Your business is clearly defined. Investors need to know what purpose it serves, who you are, what services and products you provide, and what long-term plans are involved.
• Your marketing research to ensure you show competence in identifying marketplace trends and compelling marketing and advertising opportunities to distinguish your business from your peers.
• Knowledge of your competition and what you bring to customers to keep their interest: the more assurance that you provide what others don’t, the more likely you’ll gain the interest of investors and form strategic partnerships.
• Understanding of your finances: I’ll work with you to demonstrate that you are strategic in your financial management and request an adequate amount to fund your business.

Critical Elements We Focus on In Your Business Plan

• Certifications, qualifications, and relevant skills to further legitimize your business and differentiate you from your peers.
• Show you will have a capable team: define the implementation of performance plans with KPIs to establish how your team will close sales and sustain high productivity.
• Emphasize your unique marketing strategies and plans to attract your target consumer base.
• Include business objectives and establish a timeframe – from 12 months to 2 years.
• Include critical financial information and projections of sales, cash flow, profitability, and funding forecasts.

This information assures banks and investors your business has a solid and promising direction, a plan, and a future.

What Else Is in a Complete Business Plan?

• Executive summary: establish your business vision, identify who you are providing for, and the purpose of providing for that community.
• Marketing strategy: identify your target consumers using specific demographic information and briefly discuss your competition.
• Products and services: describe the goods and services you will offer, pricing, and more.
• Financial management, planning, and projections: include financial information such as your balance sheets, cash flow statements, and budget. Estimate the costs of staffing and manufacturing.
• Funding requests: building on the information you provide in your financial management and projections, you will specify to potential investors how much your company needs.
• Appendix: all additional relevant documents mentioned throughout the business plan.

You can book a consultation with me today to develop a solid business plan.