How to Make an IT and Software Business Plan in Google Docs?
Creating a business plan has a significant impact on the performance of a company. For those who own or manage a software company, having a business plan will surely give them an edge against their competitors. This is because business plans help in grasping a closer view and a clearer understanding of where your Company is at the moment. According to Entrepreneur, it is highly recommended to focus on the executive summary, operational plan, market analysis, and financial projections to easily guide readers on the flow of the business plan. For more details on how to make one in Google Docs, simply read the guidelines below:
1. Research on a Topic You Wish to Present
Think about what your company can offer to your clients. Perhaps you specialize in software development and maintenance? Or maybe you provide service assets and configuration management to your clients. Write your purpose and objectives for making this document, and then evaluate how you can increase your sales using your business plan.
2. Indicate Your Company Profile
Build rapport with your clients by introducing your company. Describe your achievements from the previous years and indicate what you can offer to your target market. You can even add your company's history as well as the company's structure in this section. Then, state the mission and vision of your company.
3. Add Your Marketing Strategy
Discuss what your clients and investors should expect from your plan. In this section. Introduce how you can achieve your projects using your current financial situation and your marketing plan. Explain to them how you can surpass your competitors and indicate your target market. It is best if you can provide a timeline on how you will achieve your objectives as an assurance to the readers.
4. State Your Financial Summary
Lastly, clearly explain your financial statements to your clients and investors on how you can materialize your plan. Outline the contents of your balance sheet, income statement, cash flow reports, and shareholder's equity. Make sure that everything is accurate and free from any discrepancies.
Why should a business plan be written?
Writing a business plan at the earlier stage of a business project shows that there is an increase in the success rate of a company in achieving its goals and revenue rather than not writing one in the first place.
What is a business plan?
A business plan is a document that records and summarizes the operational, marketing, and financial objectives of a company. This serves as a roadmap of the company to achieve success in its business goals.
How do I start my own technology company?
- Plan what type of company you wish to develop
- Define a minimum viable product for your company
- Check the validity of your minimum viable product
- Keep an eye on your competitors
- Understand your business workflow
- Keep a contingency plan
- Market your brand to the public
- Hire professional and competent employees to your company
What are the essential elements of a business plan?
- Executive summary
- Company overview
- Market analysis
- Competitive analysis
- Management and operations
- Marketing and sales
- Roles and responsibilities
- Financial summary
What are the main purposes of a business plan?
- Maintain business focus and success
- Secure external financing and investment
- Map business growth and fuel business ambitions
- Enlighten executive talent