Service Business Plan

If you are thinking about starting up a new business there are plenty of things to consider. Not only do you have to come up with a brilliant idea of what it is you would like to offer, either products or services, but you also have to do market research and identify your competitors as well as your potential customers. The transformation of a vision into a real business thus consists of different stages. Writing a business plan is an important first step towards the realisation of your new business. Let GWriters help you define your goals and outline how to achieve them.

Importance of a great service business plan

A business plan is a formal statement about an existing company or idea that should be transferred into a new business. Business plans contain the goals the initiators want to achieve (the vision) and the way they want to achieve those goals (the mission) in a specific period of time that ranges between 3-5 years. For most external partners, especially financiers like banks, the business plan is the key decision instrument to grant credit or not to (young) entrepreneurs. Therefore this crucial piece of paper must be extremely convincing, free of any error, logically and well structured. To achieve this and guarantee a correct business plan, GWriters’ freelancers write a service business plan that ranges from optimisation of an existing plan to the whole plan elaboration, implemented by experienced freelancers.

Parts included in the service business plan

The extent and depth content of a business plan depends on the audience the service business plan is addressed to. Nevertheless a business plan should cover the following points:

• Table of content
• Executive summary
• Environmental analysis (competitor analysis, market analysis, SWOT analysis)
• Operational plan
• Marketing plan
• Financial plan
• Management summary

Besides these minimum requirements a service business plan can contain additional information about the company itself, beliefs and values inside the company and/or milestones for realising the business plan.

Goals a service business plan pursues

The majority of business plans is written to start new businesses. These business plans are primarily addressed to financial stakeholders to raise venture capital and cover the first investment for starting a business. Therefore these plans must be consistent and convincing especially in the financial spheres. Other business plans are written in already existing companies. They are created to reach and roadmap important goals, strategic shifts, add new business units or simply to have a guideline for the further development of the company. Those business plans are more internally addressed, although they are also of interest to stakeholders outside the company.

Useful Weblinks

Business Motivation Model – Wikipedia
Your Business – The Telegraph
Entrepreneurial – Reuters