A Simple Guide to Write a Rewarding Business Plan Assignment

Writing a business plan is certainly not a child’s play, you need to have an in-depth knowledge about a company’s goal and its functions. And if your instructor asks you to write an assignment on the same, you surely would want to make it perfect.

To fulfill this purpose, subject experts at Instant Assignment Help Australia are here to provide you with the best business plan assignment help. Here is a step-by-step guide to write an impressive business plan for your assignment.

So let the learning begin:

STEP 1: Decide the Format of Plan You Want to Work Upon

Ideally there are two formats to write a business plan. You can choose either of the two. Below is a description of both of them.

A. Traditional Business Plan Format: This plan is a combination of nine sections which includes,

• Starting with Executive Summary
• Giving a Description of the Company
• Understanding Market Analysis
• Discussing the Organization and Market
• Describing Your Service or Product
• Talking About Marketing and Sales
• Generating a Funding Request
• Establishing Final Projections
• Supporting with Appendixes (optional)

B. Lean Start-Up Format: There are various versions of this format. The classic one is Business Model Canvas. This too includes nine sections, which are,

• Key Partnerships
• Key Activities
• Key Resources
• Value Proposition
• Customer Relationships
• Customer Segments
• Channels
• Cost Structure
• Revenue Streams

STEP 2: Decide a Business

The format that you chose has to be implied to one business or the other. So, it is important to choose a business which seems interesting for you to work on, easy for you to research on, and impressive enough to get you good grades.

STEP 3: Conduct Extensive Research

It is important to know everything about your business, being its history, the competition, the future aspects, and the product. This is only possible through researching about your company.

STEP 4: Determine the Purpose to Highlight in Your Plan

The purpose may vary widely ranging from nature of the business to the future planning. Make sure that your aim is concise and clear.

STEP 5: Design a Company’s Profile

This is an important step as it is a way to get attention from your customers. Knowing the profile helps you with the further process of developing the plan.

STEP 6: Record All Aspects of the Business

It is crucial from an investor point of view. Therefore, include all the elements like- cash flows, industry projections, and expenses in your plan.

STEP 7: Prior Knowledge of Strategic Marketing

Post considering the business, the consumers, and the investors, the focus shifts to strategic marketing planing. It is important to have sufficient knowledge about it as each business is likely to benefit from certain strategies and not from others.

STEP 8: Give it a Touch of Care

This helps you create an emotional connection towards the end. This shows the passion and concern that you have for the business.

STEP 9: Proofread

To eliminate any source of technical or grammatical error, proofread your plan before submitting it.

With these 9 steps structuring, drafting and writing your business plan will be an easy task for you to work on and get an A+ grade on the same.