Standard Bank Business Plan

Detail exactly what problem you are solving for your customers.

How do their lives improve after you solve that “pain point” for them?

That way, you can focus on one section at a time to make sure it's accurate.

Here's a quick overview of the step–by–step process we guide entrepreneurs through when they sign up for Live Plan.

All documents are fully customized and prepared in a user-friendly format without recourse to templates or read-made solutions.

All business plans feature eye-catching and modern design including full-color graphs, tables and charts.

Any specialized software or equipment and tools should also be covered here.

Lenders and investors want to be confident that you know how to turn your business plans into financial success. These are planned goals that help you progress your company.

Standard Bank Business Plan-41Standard Bank Business Plan-44

That way, you can validate that you're solving a real problem for your potential customers. For example, if the problem is that parking downtown is expensive and hard to find, your solution might be a bike rental service with designated pickup and dropoff locations. Never assume that your target market is “everyone.” For example, it would be easy for a barber shop to target everyone who needs a haircut.

The Executive Summary is the first section of your business plan, but we recommend you tackle it last.

It's basically an introduction to your company, summarizing the main points of your plan.

It's especially important for brick–and–mortar companies that operate a storefront or have a warehouse.

You may want to explain why your location is important or detail how much space you have available. You can also cover your office space and any plans to move outside your house.

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