Many start-ups are afraid of this: To apply for the desired financing, a business plan consultant must be written that convinces the bank that the planned start-up is viable. You can pay interest and repayments and cover your livelihood in the long term through the planned self-employment. You don’t want to go wrong!
With these good tips, you can prepare your start-up perfectly and write an effective business plan:
Tip 1: Good preparation comes before the business plan consultant
Check-in advance of your establishment and before writing your business plan to what extent you meet the requirements for your establishment: and you should also meet with the business plan consultant. This includes, for example, the existence of a permit to set up a broker’s office or the concession to transport people as well as, for example, the presence of a master craftsman’s certificate or proof of a successfully passed specialist examination.
Tip 2: Put your business idea through its paces
Many start-ups are convinced of their business idea. Still, it can make sense to check in advance whether the implementation can also be implemented as planned in the short and medium-term:
For example, foreseeable technical innovations in the area of your offer could mean that the demand for your submission, in particular, will disappear in the medium term.
Tip 3: Can you offer at an attractive market price and still make enough profit?
However, it becomes problematic when you are suddenly surprised by the realization that the business idea described in the business plan does not work at all, but that it is too late to implement a short-term alternative or even to withdraw from the start-up.
Tip 4: Precise, compact presentation of your business idea
Suppose the aim is to present your business idea in detail in the business plan. In that case, a detailed but compact presentation is recommended, i.e., go into all topics as detailed as necessary but avoid extravagant, extra explanations, business knowledge transfer, or too much “advertising text” regarding Of your offer. After all, the recipient of your business plan consultant, namely your potential financier, shouldn’t get bored reading it and shouldn’t buy your request either.
Tip 5: Precise planning of your investment and capital requirements
Even if it is time-consuming, think carefully about what you need to start selling your offer at the beginning of your establishment. Try to research the prices of the individual items (investments, initial inventory) carefully! Because: The more precisely you list the necessary investments in your business plan, the better you can later determine the essential capital requirements.
Tip 6: Realistic estimate of your sales
Sales planning is probably one of the most challenging planning of a business plan. On the one hand, you want to show that you can generate sufficiently large sales to prove the profitability of your project. At the same time, however, the planning should remain realistic and understandable. And the whole project stands and falls with the implementation of your sales planning! Because if your sales do not develop as you planned, you can quickly run into a liquidity problem. Therefore: it is better to plan a little more cautiously than overly optimistically.
Tip 7: Correct calculation of your profit
That too happened quickly: essential cost items in the business plan are underestimated or completely forgotten. If, for example, the purchase prices suddenly turn out to be higher or if there are unplanned additional costs for transport and packaging, then there is suddenly no money in the till. Instead of a profit, a loss is shown, and further development is suddenly endangered.
Tip 8: Don’t build up too high fixed costs too quickly
If you are convinced of your business idea, you naturally assume that sales will increase quickly. It becomes problematic if this doesn’t happen after all. Suddenly it becomes apparent that there is too much material in the warehouse that cannot be sold, too many employees have to be paid, or the premises are too big or too expensive. Now a liquidity problem looms.
Tip 9: Positive external image of your business plan
Clothes make the man, and the same applies to a business plan. An appealing cover sheet with all contact details, a neatly filed collection of sheets in the folder with a clear structure, legible font, and sufficient margins – all of this contributes to a good appearance of your business plan and at the same time demonstrates the seriousness of the founder and the establishment.
Tip 10: Prepare well for the bank interview
When the business plan is finally ready, you usually go to the bank. Now there are different approaches: Most banks want the business plan consultant in advance by email. Some check it and then ask open questions about it, often in the form of an email or in a phone call. Others ask the founder for an interview. In any case, the following applies:
- Present your business idea confidently but remain realistic.
- Prepare yourself to explain, for example, the planned development of your sales or profits.
- Deal positively with critical questions.