Consulting

It's crucial to have a good Business Plan before starting your business can often be the difference between startup success and failure.

In general, Business plans serve as the framework for your company and provide benchmarks to see if you’re reaching your goals.

We have identified 7 key components of preparing a successful business plan, to make sure you know what you are up against in your industry and have reasonable foresight into where the business is heading in terms of go-to-market strategies and financial returns for the company and its investors.

Here are in a nutshell those 7 Gold Components that you should include in your Business Plan:

1. Mission statement: explains what you’re trying to create;

2. Product or Service description and Description of how your product or service is different;

3. Market Analysis: explains the market you’re trying to enter, competitors, where you fit, and what type of market share you believe you can secure;

4. Management Team description: describes the experience of key team members and previous successes;

5. Marketing Plan: 5P (Product, Price, Promotion, Place and People), How you plan to market the product or service;

6. SWOT Analysis: Analysis of your company’s strengths, weaknesses, opportunities and threat;

7. Revenue Projections and Cash flow statement : shows what are your needs now and will be in the future

For more information about our services in Building Business Plans please feel free to contact us at info@elior-business.com or call us at +972 53 70 80 700