For Planning Your Business Finance
All businesses start with brilliant ideas. If so you might do better concentrating on developing large major accounts business, rather than taking a sophisticated product or service solution to smaller companies which do not appreciate or require it, and cost you just as much to sell to as a large organization.
Perhaps the most crucial section of your business plan, stating a detailed projection of the funds you’ll require and how much revenue you expect each year once you’re up and running, including a sales forecast, cash flow statements and your expected profits and losses.
Corporate level: Planning at this level should provide overall strategic direction for an organization, sometimes referred to as the “grand strategy.” This is a concise statement of the general direction which senior leadership intends to undertake to accomplish their stated mission or vision.
While software might be able to do the job for you, if you’re looking for significant funding, it’s probably useful to get some professional advice, not least in terms of strategic planning, feasibility studies, and financial projections to ensure you have a solid base for your business plan.
A marketing plan then covers what is generally called the 4 Ps of Marketing: Product (description of the products or services offered), Promotion (the promotional tactics to be used), Pricing (the pricing strategy for the business), and Place (the location for a retail facility or other means of distribution for the product or service).