business plan assignment malaysia

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Writing a Business Plan in Malaysia

• Writing a Business Plan in…

A Business Plan is a Company Resume That is Useful at Every Step of the Journey

Why Is It Necessary

If you were an investor, would you immediately invest in a business in Malaysia without seeing any evidence? My guess exactly, no, of course, you would not. Thus, a business plan is proof that careful thought was put into it realise it. Besides a company profile, a business plan lays out details of the business idea, the current problems where the concept will help resolve it and how it will affect the market as a whole. Okay, maybe this is a bit too far, but still, you need to have a clear conscience of your business. The ultimate reason for having a business plan is to convince an investor to invest in your company. No amount of buddy talk can replace a credible business plan. At least, an investor will have faith in it and hope for the best.

Who Uses It

Besides yourself as the business owner, banks and even your employees will utilise it too. The business plan will serve the purpose of a framework for the company. An employee may understand their job description very well. But, having worked in the market, they have feedbacks as to where the company should work for the better. Thus, by providing such feedbacks to the business plan, the business owner can restructure strategies suitable for current market conditions. You will also keep coming back to the business plan to update and amend wherever necessary. Writing a business plan in Malaysia is never conclusive as time goes by, you may also need expert advice to ensure it remains relevant.

What It Entails

A business plan does not have to be a lengthy thesis-like document. It is your business resume. Hence, it is up to you how you want to write it. It should have the following details but assemble it accordingly.

• The Business Idea – Create a simple story with a problem and your business idea as a solution. If you are feeling it, you can even add piecemeal information on how you got to this idea.
• The Team – If you are flying solo for the moment, just put it in. Briefly include all your strength and skills to ensure it is relevant to business success.
• Market Research – This is where you probably need expert advice and assistance. It is necessary to provide market insight to future investors that you know the market well. Market research will also produce the target market of your product or service offering. Work on it until you get a niche market so that you have a better perspective.
• Marketing Strategies – When you know your target market niche, you can formulate your marketing strategies. The more concrete your marketing campaign is, the more likely banks or investors will lend you the capital.
• Financial Matters – Even as a seasoned company, there is always the need to raise capital. By providing a history of your financials and its future projections, an investor can calculate a reasonable return of investment of the business.
• Various Appendices – This part may consist of any business permits, certifications or clienteles if you want to add in.

Writing a business plan in Malaysia should never be bothersome as it is a vital document for your company’s success. There is no particular format, but if you have no clue what you are planning, try and some expert advice as to how and where the company can go.

Business Plan Examples & Templates | How To Write A Business Plan

How To Write A Business Plan: the coffee shop business plan sample that started it all!

Here are the business plan examples and templates you can use as a step by step guide to writing a business plan – in editable Word / Excel format. This is a walk-through of my actual business plan for those looking to put a plan together. The “Business Plan Toolkit” includes my actual business plan, the pro-forma template for projecting costs and the break-even analysis graph + several additional free tools to make writing your business plan a breeze – even if you have never written a business plan before!

ENTRANCE 2.0 BUSINESS PLAN SEMOGA JAWARA AMIN'S JOURNEY

How to make an efficient business plan #business #goals…

Hadiah lumayan hargai pembeli kediaman

This is everything you need to write the perfect business plan without all the hassle. Sign up on our website for the free business plan template to help get you started. Business Plan Examples – writing a business plan doesn’t have to be so hard!

http://www.business-plan-examples.com/business-plan-toolkit.html

Thanks for watching and commenting! Craig Frazier

Internet Marketing Malaysia – Guaranteed OREB System to Help Malaysians Make Money Online Malaysia

Internet Marketing For SME Malaysia

How to make an efficient business plan #business #goals #sidehustle

Cawangan DJI | Hasselblad Experience pertama di Malaysia dibuka di Suria KLCC

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7 Business Plan Examples to Inspire Your Own (2024)

Need support creating your business plan? Check out these business plan examples for inspiration.

Any aspiring entrepreneur researching how to start a business will likely be advised to write a business plan. But few resources provide business plan examples to really guide you through writing one of your own.

Here are some real-world and illustrative business plan examples to help you craft your business plan .

7 business plan examples: section by section

The business plan examples in this article follow this template:

• Executive summary.  An introductory overview of your business.
• Company description.  A more in-depth and detailed description of your business and why it exists.
• Market analysis.  Research-based information about the industry and your target market.
• Products and services.  What you plan to offer in exchange for money.
• Marketing plan.   The promotional strategy to introduce your business to the world and drive sales.
• Logistics and operations plan.  Everything that happens in the background to make your business function properly.
• Financial plan.  A breakdown of your numbers to show what you need to get started as well as to prove viability of profitability.
• Executive summary

Your  executive summary  is a page that gives a high-level overview of the rest of your business plan. It’s easiest to save this section for last.

In this  free business plan template , the executive summary is four paragraphs and takes a little over half a page:

• Company description

You might repurpose your company description elsewhere, like on your About page, social media profile pages, or other properties that require a boilerplate description of your small business.

Soap brand ORRIS  has a blurb on its About page that could easily be repurposed for the company description section of its business plan.

You can also go more in-depth with your company overview and include the following sections, like in the example for Paw Print Post:

• Business structure.  This section outlines how you  registered your business —as an  LLC , sole proprietorship, corporation, or other  business type . “Paw Print Post will operate as a sole proprietorship run by the owner, Jane Matthews.”
• Nature of the business.  “Paw Print Post sells unique, one-of-a-kind digitally printed cards that are customized with a pet’s unique paw prints.”
• Industry.  “Paw Print Post operates primarily in the pet industry and sells goods that could also be categorized as part of the greeting card industry.”
• Background information.  “Jane Matthews, the founder of Paw Print Post, has a long history in the pet industry and working with animals, and was recently trained as a graphic designer. She’s combining those two loves to capture a niche in the market: unique greeting cards customized with a pet’s paw prints, without needing to resort to the traditional (and messy) options of casting your pet’s prints in plaster or using pet-safe ink to have them stamp their ‘signature.’”
• Business objectives.  “Jane will have Paw Print Post ready to launch at the Big Important Pet Expo in Toronto to get the word out among industry players and consumers alike. After two years in business, Jane aims to drive $150,000 in annual revenue from the sale of Paw Print Post’s signature greeting cards and have expanded into two new product categories.”
• Team.  “Jane Matthews is the sole full-time employee of Paw Print Post but hires contractors as needed to support her workflow and fill gaps in her skill set. Notably, Paw Print Post has a standing contract for five hours a week of virtual assistant support with Virtual Assistants Pro.”

Your  mission statement  may also make an appearance here.  Passionfruit  shares its mission statement on its company website, and it would also work well in its example business plan.

• Market analysis

The market analysis consists of research about supply and demand, your target demographics, industry trends, and the competitive landscape. You might run a SWOT analysis and include that in your business plan. 

Here’s an example  SWOT analysis  for an online tailored-shirt business:

You’ll also want to do a  competitive analysis  as part of the market research component of your business plan. This will tell you who you’re up against and give you ideas on how to differentiate your brand. A broad competitive analysis might include:

• Target customers
• Unique value add  or what sets their products apart
• Sales pitch
• Price points  for products
• Shipping  policy
• Products and services

This section of your business plan describes your offerings—which products and services do you sell to your customers? Here’s an example for Paw Print Post:

• Marketing plan

It’s always a good idea to develop a marketing plan  before you launch your business. Your marketing plan shows how you’ll get the word out about your business, and it’s an essential component of your business plan as well.

The Paw Print Post focuses on four Ps: price, product, promotion, and place. However, you can take a different approach with your marketing plan. Maybe you can pull from your existing  marketing strategy , or maybe you break it down by the different marketing channels. Whatever approach you take, your marketing plan should describe how you intend to promote your business and offerings to potential customers.

• Logistics and operations plan

The Paw Print Post example considered suppliers, production, facilities, equipment, shipping and fulfillment, and inventory.

Financial plan

The financial plan provides a breakdown of sales, revenue, profit, expenses, and other relevant financial metrics related to funding and profiting from your business.

Ecommerce brand  Nature’s Candy’s financial plan  breaks down predicted revenue, expenses, and net profit in graphs.

It then dives deeper into the financials to include:

• Funding needs
• Projected profit-and-loss statement
• Projected balance sheet
• Projected cash-flow statement

You can use this financial plan spreadsheet to build your own financial statements, including income statement, balance sheet, and cash-flow statement.

Types of business plans, and what to include for each

A one-page business plan is meant to be high level and easy to understand at a glance. You’ll want to include all of the sections, but make sure they’re truncated and summarized:

• Executive summary: truncated
• Market analysis: summarized
• Products and services: summarized
• Marketing plan: summarized
• Logistics and operations plan: summarized
• Financials: summarized

A startup business plan is for a new business. Typically, these plans are developed and shared to secure  outside funding . As such, there’s a bigger focus on the financials, as well as on other sections that determine viability of your business idea—market research, for example.

• Market analysis: in-depth
• Financials: in-depth

Your internal business plan is meant to keep your team on the same page and aligned toward the same goal.

A strategic, or growth, business plan is a bigger picture, more-long-term look at your business. As such, the forecasts tend to look further into the future, and growth and revenue goals may be higher. Essentially, you want to use all the sections you would in a normal business plan and build upon each.

• Market analysis: comprehensive outlook
• Products and services: for launch and expansion
• Marketing plan: comprehensive outlook
• Logistics and operations plan: comprehensive outlook
• Financials: comprehensive outlook

Feasibility

Your feasibility business plan is sort of a pre-business plan—many refer to it as simply a feasibility study. This plan essentially lays the groundwork and validates that it’s worth the effort to make a full business plan for your idea. As such, it’s mostly centered around research.

Set yourself up for success as a business owner

Building a good business plan serves as a roadmap you can use for your ecommerce business at launch and as you reach each of your business goals. Business plans create accountability for entrepreneurs and synergy among teams, regardless of your  business model .

Kickstart your ecommerce business and set yourself up for success with an intentional business planning process—and with the sample business plans above to guide your own path.

Business plan examples FAQ

How do i write a simple business plan, what is the best format to write a business plan, what are the 4 key elements of a business plan.

• Executive summary: A concise overview of the company's mission, goals, target audience, and financial objectives.
• Business description: A description of the company's purpose, operations, products and services, target markets, and competitive landscape.
• Market analysis: An analysis of the industry, market trends, potential customers, and competitors.
• Financial plan: A detailed description of the company's financial forecasts and strategies.

What are the 3 main points of a business plan?

• Concept: Your concept should explain the purpose of your business and provide an overall summary of what you intend to accomplish.
• Contents: Your content should include details about the products and services you provide, your target market, and your competition.
• Cashflow: Your cash flow section should include information about your expected cash inflows and outflows, such as capital investments, operating costs, and revenue projections.

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