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March 30, 2019 - Advice and Strategy > Writing & Translation
How do students write a business plan without any support and experience

When creating business plans, many not only end up with a good blueprint for running their companies but also get a deeper insight into how they should be managed. Without a good business plan, it is impossible for them to check if their future business will be on the right track or not, with respect to various financial and structural issues.
There are two types of a business plan - traditional and "lean startup" ones. While the first type consists of a step-by-step examination of a company and can be many pages long, the second one is a brief overview of the company's key points and is usually no longer than one page.
When it comes to academic circles, students are very often asked to create their own business plans. "Not all students are interested in writing their papers on their own, and we are glad to help them cope with their assignments with ease," - says Matthew Longtin, a professional writer at Pro-papers .
Even though there are many students who obtain professional writing services, there are also those who don't want to skip shortcuts and get to writing their papers without any support. Let's find out what steps the latter ones take to create good works without previous experience and exterior help:

Step 1. Creating an Executive Statement
In fact, many learners start with lean startup papers and then continue with more details to come up with traditional ones. This step is an inherent part of any business plan writing, no matter its type. Here, students provide a brief outline of all key points. They explain what their businesses do and why they are doomed to succeed. In this paragraph, they introduce their companies' mission statements which are their ultimate goals represented by several sentences.

Step 2. Describing a Company
The next step students take after they finish their executive statements is providing the description of their companies. In this section, they provide detailed info about their companies and what solutions they will deliver to the market. Here, learners describe what they are going to offer in the smallest details, identify their intended audiences, and include the talents they have to make their businesses succeed.

Step 3. Analyzing the Market
After students describe their companies, they start to analyze their opportunities, rivals, and their merits and flaws. In this section, they specify what products and services will let them stand out from the crowd.

Step 4. Organizing a Business
Once learners have analyzed their market, they shift to the next stage of creating their papers that is all about mentioning the key decision makers of their companies, their legal structure, and management hierarchy and identify the owners of their businesses. In a nutshell, they dedicate this section to answering the most disturbing questions regarding their companies.

Step 5. Describing Their Goods and Services
The fifth step is all about their companies' offers. Here, students tell about their expectations in terms of their prospective sales results and describe the ways in which they are going to promote and distribute their goods.

Step 6. Providing Financial Data
Before students can summarize their plans, they provide financial projections for their businesses. As soon as all financial data are provided, they can come over to closing their papers with a pitch for funding backed up with various data and graphs. For learners, it is important to come up with the exact sum of money they need to start their businesses; otherwise, they may seem to be not serious.

Hints Students Benefit From When Creating a Good Plan

When creating their business plans, students know that their papers should be clear, concise, and compelling, and to achieve this, they follow some tips:
Looking for a Good Blueprint
There is no need to start writing a paper from scratch. With software like LivePlan or Bplans, students can write outstanding plans by following excellent examples of field-specific papers.
Being Factual
Students know that using inflated financial projections for their business plans can make investing parties think that they are not serious about their businesses. Therefore, learners never pump up sales figures and always tend to provide realistic data.
Being Straight-Talking
There is no need to write more than twenty-five pages. In fact, students strive to represent all of their ideas with fifteen pages. If they use too many technical terms, they have all chances to keep recipients from concentrating on something important; therefore, they avoid being overly technical too.
Checking Papers Carefully
Students know that a business plan with many grammar and spelling errors cannot be considered as a good one; therefore, they spend time on proofreading and thoroughly editing their papers. A well-written work will definitely be noticed by recipients!


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