I found these topic titles on the Internet that talked about the making of the one page business plan. It intrigued me so I put words to each of the topics of the one page business plan.
One page single spacing is approx. 500 words. If you want to write your one page business plan I would have you write 60 words per topic and keep each topic on point and to the point.
Anyone else to comment on the virtues of the One-Page Business Plan...RR
One-Page Business Plan,
1) Customer problem
When starting a business, it is important to identify a business market. Any business exists because there is need for it. Need for a product or service arises because there are people who are facing problems doing something or the other and they need some solution. Hence, when planning a business, it is vital to understand customer problems and how you can solve them.
2) Your solution
When customers are facing a few problems, it is apparent that they need solutions for them. It is similar to meeting a demand when there is need for something. When customers are faced with a problem, they may expect different solutions for it. Service providers or product suppliers depending on their thinking and caliber will try to deliver solutions to their customers. Hence, finding suitable solutions for the problems that people encounter in their lives can lead to business growth.
3) Business model
There are a variety of business models in use today. Different entrepreneurs use different ways to make money and expand their businesses. Some businessmen may think of manufacturing a product while others may like to trade an already manufactured product which is sourced from various manufacturers. In short, the business model for any business is how you are going to make money transacting with your customers. A good business model will allow you ample resources to continue the business and look for further opportunities for growth.
4) Target market
Understanding a business segment and its customers is half way on the path of running a successful business. When you are able to identify your customers and what they need, you will be able to figure out your role and deliver the required services or products. Everybody is a customer as we all buy things for our use or business. In business, it is important to identify your target market and educate yourself about the habits and concerns of customers in that target market.
5) Competitive advantage
The truth is - any business faces competition. There are always a bunch of service providers in your area doing the same thing. However, this does not mean that you will not be able to survive in the business. Survival in a competitive space demands uniqueness. When you are able to draw the attention of prospective customers to your business, you have a good chance of converting them to paying customers. This can be easily done when you have a competitive advantage when competing with your rivals. You need to find out how this can be done and formulate a strategy to implement and attract customers to your business. And then retain them once they make their first purchase from you.
6) Management team
Running a business is no child's play. You will always need a team of people who are not only committed but believe in the service or product you offer. Your team will reflect the motive of your business and they will work towards achieving the common goal, i.e. business growth and profitability.
7) Financial summary
Finances are important for any business. Plan your business and calculate the finance that you will need to establish it. You may have to buy inventory, hire people, buy furniture, pay office rent etc. Put these things on a paper and calculate the total approximate amount you will need in the process.
8) Funding required
The finance for the business that you intend to run may come from your personal savings or from an interested investor. If you are including an investor in the business, you will need to pay them according to your mutual agreement. Depending on the amount required to fund the business, you may choose an investor or you may also use your own savings.
One page single spacing is approx. 500 words. If you want to write your one page business plan I would have you write 60 words per topic and keep each topic on point and to the point.
Anyone else to comment on the virtues of the One-Page Business Plan...RR
One-Page Business Plan,
1) Customer problem
When starting a business, it is important to identify a business market. Any business exists because there is need for it. Need for a product or service arises because there are people who are facing problems doing something or the other and they need some solution. Hence, when planning a business, it is vital to understand customer problems and how you can solve them.
2) Your solution
When customers are facing a few problems, it is apparent that they need solutions for them. It is similar to meeting a demand when there is need for something. When customers are faced with a problem, they may expect different solutions for it. Service providers or product suppliers depending on their thinking and caliber will try to deliver solutions to their customers. Hence, finding suitable solutions for the problems that people encounter in their lives can lead to business growth.
3) Business model
There are a variety of business models in use today. Different entrepreneurs use different ways to make money and expand their businesses. Some businessmen may think of manufacturing a product while others may like to trade an already manufactured product which is sourced from various manufacturers. In short, the business model for any business is how you are going to make money transacting with your customers. A good business model will allow you ample resources to continue the business and look for further opportunities for growth.
4) Target market
Understanding a business segment and its customers is half way on the path of running a successful business. When you are able to identify your customers and what they need, you will be able to figure out your role and deliver the required services or products. Everybody is a customer as we all buy things for our use or business. In business, it is important to identify your target market and educate yourself about the habits and concerns of customers in that target market.
5) Competitive advantage
The truth is - any business faces competition. There are always a bunch of service providers in your area doing the same thing. However, this does not mean that you will not be able to survive in the business. Survival in a competitive space demands uniqueness. When you are able to draw the attention of prospective customers to your business, you have a good chance of converting them to paying customers. This can be easily done when you have a competitive advantage when competing with your rivals. You need to find out how this can be done and formulate a strategy to implement and attract customers to your business. And then retain them once they make their first purchase from you.
6) Management team
Running a business is no child's play. You will always need a team of people who are not only committed but believe in the service or product you offer. Your team will reflect the motive of your business and they will work towards achieving the common goal, i.e. business growth and profitability.
7) Financial summary
Finances are important for any business. Plan your business and calculate the finance that you will need to establish it. You may have to buy inventory, hire people, buy furniture, pay office rent etc. Put these things on a paper and calculate the total approximate amount you will need in the process.
8) Funding required
The finance for the business that you intend to run may come from your personal savings or from an interested investor. If you are including an investor in the business, you will need to pay them according to your mutual agreement. Depending on the amount required to fund the business, you may choose an investor or you may also use your own savings.
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