Free Dubai Business Plan Templates
Updated: Nov 1, 2022
Get Your Free Business Plan Templates here from Alma Consulting Group
A business plan is important for the inception, growth and overall success of an organization in the UAE. These plans provide a business with a vision for the longer term and a transparent strategy for a way to expand. There are several essential components of a good business plan, and understanding each of those components can facilitate your company's success.
In this article, we explore why business plans are important and also include multiple free templates for you to use as well as an outline of a what a good business plan should include.
Why are business plans important?
Business plans are important for several reasons, with one in all the foremost prominent reasons being that they supply a transparent outline of action for companies to require to succeed in their goals. These plans can give a company clarity about how viable their company is and what's needed to grow and prosper. Business plans help establish specific steps that companies must want start their business and promote their success.
Business plans are important because they:
Provide insight on what resources are needed to achieve goals
Establish a transparent timeline of when an organization can expect to realize goals
Can help an organization determine the steps to require to expand into a brand new market
Offer a transparent thanks to track progress as a corporation grows
Enable business owners to predict and plan for potential risks
Allow investors to work out the viability of an organization
Components of a Good Business Plan
A business plan can take many forms, but all business plans should ideally include the following sections:
This is your five-minute elevator pitch. it should include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights. It’s probably easiest to write down the detailed sections first then extract the cream to make the executive summary. try and keep it to merely 1-2 pages.
Business description and structure
This is where you explain why you're in business and what you're selling. If you sell products, describe your manufacturing process, availability of materials, how you handle inventory and fulfillment, and other operational details. If you provide services, describe them and their value proposition to customers. Include other details like strategic relationships, administrative issues, property you'll own, expenses, and therefore the legal structure of your company.
Market research and competition
Spell out your market research and describe your marketing strategy, including sales forecasts, deadlines and milestones, advertising, PR and the way you pull together against your competition.
Management and personnel
Provide bios of your company executives and managers and explain how their expertise will facilitate your meet business goals. Investors have to evaluate risk, and often, a management team with good experience may lower perceived risk.
This is where you put the numbers that make everything you outlined in the organizational and marketing parts into one place. Include profit and loss statements, records, and income statements estimates for the next three to five years. These are projections for the future, not current accounting results.
Business Plan Templates for Free Download
We've curated 3 business plan templates from top sources: Khalifa Fund, Dubai SME and Shopify. These templates are free to download.
If you want to get to know more about starting your own business, follow this link here and give us a call today!
Our consultants are here to help.
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Home > Business and Leadership Skills > How To Write The Perfect Business Plan For Your UAE Startup
How To Write The Perfect Business Plan For Your UAE Startup
May 16, 2018 | Business and Leadership Skills
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Writing a business plan takes time, energy and a lot of research. So why go through all that effort?
One reason is that it’s simply a good idea – in his book on the subject, author Mike McKeever justifies it like this: ‘Almost without exception, each business owner with a plan is pleased she has one, and each owner without a plan wishes he had one.’
A business plan helps you decide if your entrepreneurial idea has potential, helps you improve your business concept and is normally essential for accessing funding. And if you’re planning to start up a new business in Dubai or the UAE, having a business plan is more than just a ‘nice-to-have’. In certain scenarios, having a business plan is a requirement, without which you won’t be able to start your company at all.
So let’s look at why you need a business plan in the UAE and how to write the perfect plan for your startup.
Why Do You Need a Business Plan in the UAE?
The World Bank ranks the UAE 21st out of 190 countries for ‘ease of doing business’, yet on a different metric – ‘ease of starting a business’ – it ranks much lower, in 51st place. If you are planning on starting a business in Dubai or the UAE, the process of forming your company is a little more complicated than in other countries – read our blog on forming a company in Dubai for an overview. The upside, of course, is that once you’re set up and ready to go, actually doing business will be pretty fluid.
The upside, of course, is that once you’re set up and ready to go, actually doing business will be pretty fluid.
So let’s look at the three principal reasons you need a business plan in the UAE.
- Funding: If you hope to get investment from a bank or venture capital firm, you will need to provide a business plan.
- Free zone or industry requirement: The UAE allows companies to form in the many free zones in the country, each of which has its own specific requirements. Some of them stipulate you must have a business plan.
- Your nationality: Some free zones require people from certain countries to provide a business plan as part of their application.
Does Your UAE Startup Need a Business Plan?
The short answer to this question is ‘maybe’. Depending on your business and the free zone you hope to work in, you might need to create a business plan. Here is what you need to consider:
- Some free zones always require them: If you want to launch your startup in certain free zones, providing a complete business plan is an essential requirement. For instance, in Ras Al Khaimah Economic Zone (RAKEZ), the provision of a business plan is part of the online application process.
- Some free zones require them for certain activities: In other free zones, specific business types require a business plan. For instance, in Dubai Multi Commodities Centre (DMCC), health or education-focused businesses need one.
- Sensitive nationality applications: Entrepreneurs from certain countries may be required to provide a business plan as part of their application. For example, the Dubai South Free Zone requires certain nationalities to provide one depending on the requested license activity.
To work out whether you will need a business plan, you should investigate the website and application process for your chosen free zone.
How to Write a UAE Business Plan in Five Steps
While you may have written a business plan in the past, be aware that the UAE has somewhat different format requirements compared to Western countries, so it needs to be much more diligently researched.
Let’s look at the five simple steps to writing a business plan for your Dubai or UAE startup.
- Show you are compliant: More than anything, your business plan needs to show that the activities your company proposes to carry out are in line with your business description, that they are legal , permitted within that free zone and that the free zone has the space and equipment required.
- Specify the purpose of the business plan: You cannot provide a ‘generic’ business plan in the UAE. Your document will need to be tailored to a specific audience and it should be clear what its purpose is – be that to apply for investment, to be admitted to a free zone, or for shareholders.
- In-depth research: As noted above, a business plan in the UAE or Dubai needs to contain significantly more detailed research than what may be required in other countries. You should make use of market research and collect data from reputable sources to support your business proposition.
- Thorough finances: You should provide thorough and realistic financial data for your company and projections for the future. Do not be tempted to provide over-optimistic estimations – these will likely be picked apart during your application process.
- Follow the template: The free zones in the UAE that require you to provide a business plan usually offer a template which will include all the information they need from you. In some cases this is an online form, in other cases you will be able to download a Word document and edit it yourself. Stick to the format, and only provide the information required.
The Benefits of a Business Plan
As the World Bank data shows, starting a new business in Dubai or the UAE is not as straightforward as in other places, and sometimes you will need to jump through the bureaucratic hoop of writing a business plan. This is where working with a company formation specialist really comes into play, allowing you the peace of mind that goes with knowing all the red tape is under control.
Leaving you to focus on what matters most – launching your business.
Setting up your own business has never been easier. Virtuzone takes care of it all so you can focus on what matters – building your business. For more information about company formation in the UAE mainland or free zones, please call us on +971 4 457 8200, send an email to [email protected], click here.
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Guide For Writing A Winning Business Plan To Enter The UAE Market
This article was updated on June 12th, 2023
This article has been researched and written by Thomas McNelliey and the team at Creation Business Consultants and has not used AI in generating this article.
Crafting a robust business plan is crucial for the success of any new company, entrepreneur, or business in Dubai. Whether you are starting a business in Dubai or the UAE , seeking investment, entering a new market, or expanding a franchise across different countries, dedicating time to create a comprehensive business plan is essential.
A well-developed business plan and thorough market research lay the foundation for your venture and significantly impact its success. A business plan serves as a roadmap, providing crucial milestones to track your business’s performance. Rushing through the business planning process is not advisable. We strongly recommend collaborating with experts, partners, or colleagues to refine your UAE business plan. Seeking the insights and feedback of a credible mentor who can review and question the business plans content is invaluable. Their objective perspective can help you identify any areas that require clarification or improvement, contributing to the success of your Dubai business setup.
Investing time and effort into developing an accurate and well-structured business plan will enhance your chances of achieving your goals and thriving in the competitive business landscape of Dubai and the UAE.
TAILOR YOUR BUSINESS PLAN TO YOUR AUDIENCE
Drafting a business plan in an easy to comprehend manner is vital if you are looking to seek investment for your new Dubai company. Potential investors might not be as familiar with your industry, the terminology, abbreviations, and jargon used within your line of business. Therefore, you must clearly describe your business concept, the products or services offered and where it fits in, the plan must be more detailed, transparent, and understandable.
If you are creating a business plan for you and your business partners, it does not need to be as detailed, but you should still define your goals and the methods to achieve them. Industry terminology abbreviations and jargon can be used within the content of this type of business plan.
Due to the nature of your business activity, your product or service offering may not be overly complex, so your business plan may be short and concise. For example, a business plan for a hair salon is not going to be anything like a business plan for a chemical research company.
TOP 10 NECESSITIES TO INCLUDE IN YOUR BUSINESS PLAN
- Mission and Vision statement that clearly defines what you are trying to create.
- Description of your company and the product or service offering.
- Detailed description of how your product or service is different from others.
- Market analysis outlining the market you are trying to enter, competitors, where you fit, and the type of market share you can secure.
- Examination of your company strengths, weaknesses, opportunities, and threats (SWOT analysis) which will show that you are realistic and have considered opportunities and challenges.
- Account of your management team to include the experience of key team members and past accomplishments.
- Strategy to enter the market, advertise and promote your product or service.
- Cash flow statement to understand your current and future needs (a cash flow statement can help you consider how cash flow could impact business growth).
- Revenue projections overall and for each product and service.
- Summary conclusion that ties everything together (this could also be an executive summary inserted at the start of the plan).
These tips serve as essential starting points for crafting your UAE business plan, providing a solid foundation. However, it is crucial to continuously update and expand your plan as your business evolves. Regularly reviewing and revising your business plan at intervals such as year 1, year 3, and 5 years is important to assess your progress against your forecasts. This analysis allows you to evaluate your business holistically and determine your next strategic moves, whether it is expanding operations, merging with another business for increased market share, introducing new products or services, or entering new markets.
If you seek further guidance and structure or require assistance in developing a tailored business plan for your company, Creation Business Consultants is equipped with the expertise, capabilities, and resources to help you achieve a winning business plan. Our services include in-depth market research and market entry analysis, catering to a wide range of needs such as rolling out master franchises across the UAE and GCC, launching new product lines, and introducing innovative technologies and mobile applications throughout the region. As your one-stop consulting partner, we offer bespoke services to address all your business-related requirements. By engaging with Creation Business Consultants, you can save both time and money, benefiting from our comprehensive suite of Corporate Services.
OUR COMPREHENSIVE SUITE OF CORPORATE SERVICES INCLUDES:
Corporate structuring uae & gcc market entry solutions.
- Market research and analysis – information gathering on findings such as: demographics, competitor analysis, identifying target market, sourcing business locations, shortlisting potential business suppliers with a detailed comprehensive report to submit to your board of directors or present to department head(s).
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- Overseeing all aspects of your company structuring for the UAE and GCC.
- Mitigating risk and providing Corporate Nominee Services for new and existing mainland UAE companies.
- Capabilities to setup your business in the most efficient Dubai or UAE free zone or offshore jurisdiction.
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- Double Tax Agreements (DTA) – advising on DTA and implementing a tax-optimal regional corporate (Group) structure.
- VAT Planning – interaction between designated UAE zones, onshore VAT planning, VATable sales between GCC countries etc.
- Debt Re/Structuring – structuring debt across a group to maximise the UAE and GCC company types available.
- IP holdings – selecting the appropriate jurisdiction for IP holding based on security, privacy, and tax optimisation.
- Advice on invoicing structures.
- Capital structuring – invoicing services: IP, assets manpower and compliance.
- Budget forecasting for projects and company setup.
- WPS registration, payroll, and compliance.
- Recruitment, selection, and screening.
- Relocation services.
We provide a holistic taxation plan before determining the best regional corporate structure and market entry plan. Speak to one of our Corporate Structuring consultants today for your free 30-minute consultation , email [email protected] or call +971 4 878 6240 .
Thomas McNelliey , Business Development Consultant
THE ROLE OF MERGERS & ACQUISITIONS IN UAE’S BUSINESS EXPANSION
MANAGING VAT COMPLIANCE FOR E-COMMERCE BUSINESSES IN THE UAE
HOW BUSINESS SETUP CONSULTANTS CAN SUPPORT UAE BUSINESSES BEYOND THE INITIAL STAGES
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Business plans are key to establish a clear roadmap for your business, whether you are in the early startup or growth phase.
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What can a business plan do for you .
A well written business plan has many benefits, it helps you to:
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Clean formatting, alligned to your branding, tailored to your audience, illustrative charts, expert advice, thorough coverage, complete financials, full access to source files, optional add-ons, business plans faq, what is a business plan.
In a nutshell, a business plan is a document that describes all the key elements of your business. Describing what you do, the market and competition, how you plan to sell and market your products and services, how you plan to operate the business, and how much profit can you generate from the business.
What should a good Business Plan Include?
A business plan should give a comprehensive overview of your business concept and potential. The following are the fundamental building blocks of a good business plan:
- Executive Summary
- Business Description
- Target Market
- Sales and Marketing Strategy
- Operations and Management
- Financial Model and Forecasts
Why do you need a business plan?
A business plan is an important planning tool that allows you to evaluate your business potential. It forces you to look at all the key elements of your business, internally and externally, and understand what you really need to launch or grow your business successfully.
A business plan should answer and clarify the following questions for you:
- What is the business idea and concept? What are my goals and objectives?
- What are my products and services?
- How is the industry doing? What is the market size?
- Who are my target customers? What are their needs?
- Who are my competitors? How is my business different or better?
- What is my go-to-market strategy? How will I acquire customers?
- What are my sales and distribution channels? How and where can customers find and buy my products or services?
- How will I run my business on a day-to-day basis? How will I produce my products or services and fulfil customer orders?
- Who will manage my business? How many employees do I need?
- Is this business profitable? What are my costs? What are my revenue streams?
- How much capital do I need to start and run this business?
As you can see, these are all very important questions that are fundamental to your short and long term success.
Who is a Business Plan written for?
Typically, a business plan is written for 2 key audiences, internal and external. The main purpose (and content) of the business plan can change depending on the audience it is written for.
Entrepreneur/Founder/Business Owner: To outline key business goals, identify gaps, and use an internal roadmap to achieve business goals.
Investors: To showcase the business potential and acquire funding.
Landlords : To acquire lease approvals, especially in highly competitive commercial real estate.
How long does it take to write a business plan?
The actual writing of a business plan does not take much time at all, it can be done in a couple of days.
The time-consuming part is doing all the research needed to gather all the information needed to write the business plan, which usually takes weeks and, sometimes, even months to complete.
Most business plans I write take on average around 1 month to complete. This is an estimated average, the timeline could be a little longer or shorter depending on your business model, business size, and amount of research needed to complete the business plan.
Will a Business Plan guarantee success?
Success is never guaranteed, if anyone claims that their business plan guarantees success, you should run away fast.
Think of a business plan as a roadmap for success, it lays out the strategy and tactics needed to reach your goals. How you can achieve those goals is through good execution .
Execution is how well you implement the business plan and adapt to business changes, the quality of your execution is determined by your People, Process, and Product, the 3 Ps.
- People: Your management team and employees, how well you hire will greatly affect your chances of success.
- Process How efficient your operations are, the systems you implement to make sure everything is running smoothly within your business.
- Product: How good your products or services actually are and whether they meet customer expectations.
When is the right time to write a Business Plan?
A business plan is most needed when a business is aiming for a big milestone and you need to plan resources, funding, and strategy to reach that milestone. The two most common scenarios are:
Launching a new business
I would argue this is the most critical time for any business. A Startup business plan is needed to make sure your business gets off the ground successfully.
Growing a business
Whether it’s an expansion in size, capacity, or geographical coverage, growth is a resource-intensive activity, you will need to access to funding, human resources, and technical resources amongst others. A growth or expansion plan documents the roadmap and outlines what is needed to take your business from point A to point B.
Whether it’s for a new startup or an existing business, once you have your business plan in place, it’s good practice to always keep it updated and revisit it annually.
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Learn How to Make Your Business Plans Strategies in UAE
The business plan is a vital part of the process of company registration . When you register an entity, this is crucial for the party you contact to know really what you plan to do and how you are planning to grow. Learn how to make your business plans strategies in UAE, if you are looking to start a new business in Dubai or the UAE. The Start Any Business consultants are here to deal with this matter. They will guide you and help you in writing a good and successful business plan for your venture. Here we have mentioned some important things that you will have to consider before writing a business scheme or plan for your organization.
The business plan assists you to decide whether your entrepreneurial concept has potential, assists you to improve your business idea, and is necessary to achieve funding in general. And if you are making a plan to begin a new business in UAE, the business plan is a nice-to-be. In some landscapes, having a business plan is a necessity, without which you will not be able to begin your venture at all.
Most of the businesses don’t receive funding simply because certain parts of the business plan don’t match the expectations of the financier. After going through the business plan, most of the financiers and business people lose interest as significant flaws make them skeptical about the project. Unfortunately, these business people were previously interested in your business concepts prior to they turned away from the presentation.
The Steps to Make Business Plans Strategies in UAE
While you can have written a business plan in the past, be aware that the UAE has somewhat different format needs than western nations; hence this requires to be researched more diligently.
1. Show You are Compliant
More than anything, your business plan requires you to demonstrate the activities offered by your company conform to the description of your business, that they are legal, allowed within that free zone, has the space and the necessary equipment.
2. Specify the Purpose of the Business Plan
You can’t give a normal business plan in UAE. Your document would require to be customized to a specific audience and this must be clear about what it is intended for – applying for investment, recruiting in a free zone, or for stakeholders.
3. In-Depth Research
A mentioned above, a business plan in UAE should include remarkably more detailed research than in other nations. You have to make utilization of market research and gather data from reputable sources to support the proposition of your business.
4. Thorough Finance
You must provide realistic and complete financial data for your venture and future projections. Don’t be tempted to give over-optimistic estimations – these will likely fall apart throughout the procedure of application.
5. Follow the Template
The UAE free zones that need you to give a business plan typically give a template that comprises all the details they require from you. In certain situations, it is an online form; in other cases, you would be able to download a word document and edit it yourself. Hold to the composition, and just give the necessary information.
The Purpose of Having Business Plans Strategies in UAE
A business plan is a detailed report of the different phases of the business. This includes major metrics like industry market size, business channels, extension growth projections, and customer segments. Earnings development and scaling functions are more for a later phase, and another round of financing needs are anticipated in this phase. Even in case, the projection is not demonstrating, a profit, break-even at this level is fairly good.
The business plan is a cornerstone upon which the strengths of the business, opportunities, and threats are assessed, dedicated, and communicated accordingly. This is a roadmap for a business, and its importance can’t be underestimated. This is an approach put forward by business people to set up funding. The business plan and the ability of management to deliver it to the business person, and the expectation of the businessman of its ROI should be upon a similar page.
If you have a business plan for your startup, then this is vital to articulate every aspect of the business with fair objectives and goals. This is also necessary to have a second plan in case of unforeseen consequences. The bottom line of your business plan is how to be successful. This is the key for banks and business people to take risks with the expected return on their investment. If you have a robust business plan already, the plan must outline the extension plans considering deep analysis.
If you have passed the incubation phase of a startup with certain funding and are looking for phase two funding, this is imperative to give business people confidence that commercial scalability is in the correct place.
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Table of Contents
How to make a startup business plan in uae.
A business plan is essential if you want to start a new company in the United Arab Emirates or anywhere in the world. If you don’t have a business plan, you won’t be able to start your firm under any circumstances. Having a business plan will also help you decide where you want to establish your company – free zone or mainland .
New businesses in Dubai must devote effort to developing a solid business strategy. If you’re looking for funding, breaking into a new market, or establishing a franchise in many countries, thorough market research and a business strategy are crucial.
Every company’s success is strongly related to the thoroughness of its business strategy. You may use the business plan as a foundation for your firm and as a baseline for evaluating its success. Developing a business strategy should not be rushed, and you should engage with industry experts, business partners, and coworkers throughout the process.
Starting a business in UAE can be a daunting task, but with a good business plan in place, you can increase your chances of success. Here are some tips on how to make a startup business plan in UAE.
What is a Business Plan and Why do You Need it?
The World Bank ranks the United Arab Emirates (UAE) 21st out of 190 countries in terms of “ease of doing business.” However, the UAE ranks 51st when it comes to the “ease of forming a firm.” Needless to say, Registering a company in UAE is not easy.
That said, due to its highly developed economy, it provides a favorable business climate to businesses of all types and in a broad range of industries. If you have a proper business plan for the United Arab Emirates, you will have a far greater chance of starting or expanding your business in the country.
According to Elon Musk, “creating a successful business plan is analogous to baking a cake; you must have the right proportion of ingredients.”
A business plan is a written document, often for a new company, that comprises in-depth market research, financial predictions, and operational plans with the objective of ensuring the firm’s financial viability. The purpose of a business plan is to act as a guide for the establishment and management of a company. In simpler words, it is a road map for your business that explains where it will go in the following three to five years and how you will get there.
Benefits of a Great Business Plan for Your Startup
According to World Bank statistics, establishing a new business in Dubai or the United Arab Emirates (UAE) is more difficult than in other countries. We briefly mentioned this earlier too. In some instances, you will be obliged to produce a business plan for administrative purposes.
Working with a company formation expert may be advantageous at this time since it will offer you the peace of mind that comes with knowing that all administrative procedures are under control.
Here are some of the key benefits of creating a detailed business plan:
1. Proof of Seriousness
2. business milestones, 3. understanding competition, 4. understanding customers, 5. attracting investors, 6. reducing the hazards of seeking wrong opportunities.
7. Attract Employees
8. Attracting Partners
9. Having Clarity and a Bigger Pictur e
10. Structure of your business
It is crucial to have a structured business plan to show all stakeholders, which also includes your employees, your partners, and your stockholders, that you are committed to expanding the company. The process of designing your strategy requires you to examine and choose the techniques that will drive the growth of your organization.
In order to build a company plan, you must do a market analysis of your competition. Since there will always be rival businesses popping up in your industry, it’s important to understand how you stand apart from the pack. In addition, if you don’t already have any advantages over the competition, you should figure out how to get them.
For a business plan to be successful, it is important to do a profound interpretation of the clients the business serves. If you know more about your customers, you will not only be able to give them higher-quality merchandise and services, but you will also be able to market and advertise to them in a more efficient price.
The act of formulating a company’s strategy may help to unearth long-suppressed preconceptions. By putting them to the test, which you can do by capturing them on paper and scrutinizing them, you will be able to evaluate whether or not they are credible. You may have anticipated, for instance, that local retailers would carry your goods; as part of your company strategy, you may explore the possible ramifications in the case that this assumption is incorrect.
The propositions for monetary assistance must be founded on a formal business strategy. The business plan provides answers to queries that may be asked by potential investors, such as “Is there still a demand for this respective good or service that you ought to offer?” What are the anticipated results in terms of finances? What type of plan does the corporation have for its eventual dissolution?
Before they hand you a check, investors almost always need a personal encounter with the person they are investing in. In almost all instances, though, they will also examine your company ideas in great detail.
The amount of money that is lost as a consequence of missed opportunities may be cut down by developing a business strategy. The process of developing the business strategy will assist you in determining the relative worth of this prospect in comparison to other options that are available to you. in order for you to make choices that are in your best interests.
7. Attract Employees
It is very necessary to develop a business strategy in order to successfully recruit and retain high-quality employees. The business strategy instills confidence that the concept is valid and that the organization is well positioned to accomplish its strategic objectives, which motivates both the workers and the management of the company. When your business expands, the majority of the work won’t be done by you but rather by your employees and other staff members. Getting everyone on the same page and motivated will thus be the most important factor in determining your level of achievement.
Partners want to see a structured plan so that they can evaluate the extent to which it would be advantageous for them to work with your company. If you provide a comprehensive description of what your firm does and how it operates, other companies will be more interested in collaborating with your organization.
9. Having Clarity and a Bigger Picture
This is one of the most important advantages of having a business strategy. When you pay thorough thought to your company’s planning, you will be able to get a more realistic picture of the business as a whole. Connecting strategy and tactics is far easier, as is finding out everything else.
A well-structured business plan describes a company’s organizational structure and managerial objectives. It develops into a resource that guarantees the organization is fulfilling its sales objectives and other operational benchmarks as intended. It may aid in the assessment and management of your major areas of focus if it is used appropriately and referred to often.
How to Write a Perfect Startup Business Plan for Starting a Business in UAE
Make sure that you stick to your plan as closely as possible if you want to keep playing the game and increase your chances of winning. Because of this, it is essential to build a successful business strategy for a UAE-based company before starting a business in Dubai. Here’s how:
1. Determining Your Target Market Sector
Developing a successful business strategy for an organization situated in the United Arab Emirates begins with market research and identification. Not all markets can be profitably exploited for the advantage of the participants. Because of this, your company’s marketing staff has a key role to play.
2. Making a List of Products for Customers
Customers’ perspectives and opinions about a business are strongly influenced by its physical location. It is not difficult to have a wide view of things. Clients from different countries will, of course, have various slight distinctions from one another. Customers want your company’s goods to be tailored to their own preferences and needs. Customers won’t pick your products if you don’t do this. Make your things stand out by emphasizing their unique features.
3. Clarity in Vision
Vision statements are common in local firms, as they are in most other commercial organizations, according to our findings. Some people could get the sense that your company is trying too hard if you say anything like that. Always tell the truth and provide a fair account of the situation. Customers may be able to identify your brand even if you make a statement that is visually appealing but ultimately ineffective.
4. Determining Brand’s Unique Selling Point
A differentiating element will separate similar products and brands from one other on the market. It is critical to emphasize the product’s unique selling proposition in order to get an edge over the competitors. It might also contain the ways in which your product or service differs from similar ones offered by competitors.
5. SWOT Analysis
A SWOT analysis , or Strengths, Weaknesses, Opportunities, and Threats, must be completed. When establishing a good business strategy, will help you identify the strengths and limitations of your brand. Consult with professionals like us if you run into any problems. To have an influence on your results, the data and circumstances of your business must be well described.
6. Budgetary Evaluation
The flow of money into and out of a country must be strictly controlled and tracked. The advertising and marketing expenditure should be included in your budgetary needs. Put in place the necessary protections to keep the project’s costs from spiraling out of control.
Money is essential to the running of any business. You’ll be far more likely to succeed if you can keep your spending in check. Because of this, it is essential to either hire an in-house accounting staff or acquire accounting services in the UAE from a well-known business to ensure the company’s financial health.
7. Follow the Template
Typically, the free zones in the UAE that need a business plan will provide you with a template that contains all the information they need to submit your application. In some cases, you may be asked to fill out an online form, whilst in others, you may be able to download a Word document and make the necessary modifications on your own. Maintain respect for the structure and offer just the needed information.
So, this wraps up our guide on how to create a startup business plan in UAE. A good business plan boosts owners’ and lenders’ confidence. Startups must have them to raise money from banks, VCs, or angel investors. A business plan shows your devotion and startup expertise. As the firm develops every year, the business plan should be evaluated and updated.
If you want to learn more about how to set up a business in Dubai , we have a comprehensive guide for you. With a thorough understanding of the UAE’s business scene, you should be well prepared to establish a company in the country. If you need information regarding free zones, we have detailed articles on different free zones in UAE .
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Templates & Downloads
The Templates and Downloads section on the DIFC (Dubai International Financial Centre) website serves as a valuable resource hub for businesses and individuals operating within the financial center. This section is specifically designed to provide ready-made templates, documents, and essential resources that cater to the unique needs of businesses in the financial sector. These templates cover a wide array of topics, including legal documentation, financial reporting, and compliance forms. By offering these resources for download, the DIFC website aims to streamline and simplify various administrative processes for its stakeholders. Whether it's legal contracts, financial statements, or regulatory forms, users can access standardized templates that adhere to industry standards, saving time and effort while ensuring accuracy and compliance in their operations.
- Non Profit Incorporated Organisations
- Personnel Sponsorship Agreement
- Requirements to Register an Auditor
- Requirement to Register as an Insolvency Practitioner
- Resolutions For incorporation/Registration of DIFC Entity
- Private Company- Standard Articles
- Foundations- Standard Charter & By-Laws
- Compliance Calendars
- Undertaking - Prescribed Company
- Family Office
NON- PROFIT INCORPORATED ORGANISATIONS
- Resolution of body corporate Founding Member to set up an NPIO in DIFC
- Standard Charter
- NPIO Declaration - Single Founding Member
- NPIO Declaration - Multiple Founding Members
PERSONNEL SPONSORSHIP AGREEMENT
Requirements to register an auditor.
- Docs required for registration as auditor with DIFC
- Questionnaire for audit firms
REQUIREMENTS TO REGISTER AS AN INSOLVENCY PRACTITIONER
- Docs required for registration as insolvency practitioner with DIFC
RESOLUTIONS FOR INCORPORATION/ REGISTRATION OF DIFC ENTITY
- General partners resolution to register a recognised limited partnership
- General partners resolution to register a recognised partnership
- Members resolution to register a recognised limited liability partnership
- Resolution of body corporate shareholder to incorporate a company in DIFC
- Approval of general partners to transfer a limited partnership to DIFC
- Board or shareholders resolution to transfer a company to DIFC
- Resolution of council members to transfer a foundation to DIFC
- Board or shareholders resolution to register a branch in DIFC
PRIVATE COMPANY - STANDARD ARTICLES
- Statement of Incorporators Template for Non Standard Articles
- Standard Articles of Association – Prescribed Company (Qualifying Purpose)
- Standard Articles of Association – Private Company
FOUNDATIONS – STANDARD CHARTER & BY-LAWS
- Standard Charter where there is By Laws
- Standard Charter where there are no By-laws
- Model By-laws
- Limited Partnership
- Public Company
- Private Company
- Recognised Partnership
- Recognised Limited Partnership
- Recognised Company
- Recognised Limited Liability Partnership
- General Partnership
- Limited Liability Partnership
- Non Profit Incorporated Organisation
UNDERTAKING - PRESCRIBED COMPANY
- Undertaking related to the Power of Control – Prescribed Company
- Undertaking letter for Structured Financing
- Family details form
Top tier Business Plan at your service
Get support from experts, business plan experts.
We offer one-on-one collaborations with your team for an inclusive jaunt
Our consultants offer enriched work experience working from global multinationals.
We have robust local UAE market experience
We also offer complimentary business advisory as well.
Business plan process.
The first step, communication , entails answering various queries and gathering the necessary information to answer those questions
The second step of research consists of tapping our global market research database, analyzing your competition, target market, and several other factors.
The third step involves development . That is where our team makes use of the information gathered to develop the actual business plan.
Finally, the support step is where ebs offers ongoing support and quality review to ensure that you are fully satisfied, and the plan is geared up to achieves its intended purpose.
Business Plan Services
There are quite a significant number of benefits that can be accrued by forming a Limited Liability Company in the UAE. These include no taxes, no minimum capital requirements, etc. If you are considering putting up such type of a company, a strategic business plan will guide you through each stage of structuring and managing your business. At EBS, we are fully geared up in creating such a document that serves as a roadmap towards growing your new business.
Small businesses might want to opt for Govt. funding at some point. But how do to write a business plan that will stand out from a lot of competition vying for the grant? At ebs, we create such differentiating plans that make you stand out from your competition and increase your chances of obtaining government funding for your business.
How to choose the best Business Plan Writing Services in Dubai, UAE?
Frequently Asked Questions
These are the building blocks of a good business plan:
Marketing and Sales strategy.
Operations and management.
Financial model and forecasts.
E-commerce, digital marketing, tourism, event management company, health and wellbeing, a business consultancy firm, and construction are some of the best business choices to start a business in the UAE.
The four common types of business plans are operational planning which deals with how things need to happen, strategic planning, tactical planning, and contingency planning.
The cost of starting a business can vary, however, the cost of company registration in Dubai-Free zones is between AED 15,000 and AED 25,000. A mainland corporation typically costs AED 20,000 or even more.
The minimum share to start a free zone company is AED 50,000 per company and AED 10,000 per shareholder. A company should have a minimum of AED 1 million in share capital to get a general trading license.
Yes, a foreigner can start a business in UAE and many people do. The local population is over 80% and many of the people own their own businesses. Dubai also welcomes business owners and investors from overseas.
SPC free zone is the cheapest free zone in the UAE, and it costs AED 5750 to get a business license and also includes the Memorandum of Association, the Share Certificate, the business activity certificate, and the certificate of formation.
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BUSINESS PLAN UAE
Professional Business Plan Writers in UAE
EXPERT BUSINESS PLAN WRITERS
FOR YOUR SUCCESS
Business plan & proposal writing.
Our business plan writers follow the methodological process to provide you with a powerful and practical business plan in Dubai, Sharjah, and Ajman. The writers will obtain comprehensive information about your business idea and will prepare a financial model with the available data. Once the financial model is approved by you, after revisions, if required, we will provide you with a complete and detailed business plan within 2 months, depending upon the nature of your idea and the concerned industry. Give us a call or mail us for a free business idea consultation now.
BUSINESS PLAN FOR INVESTOR
Investment-based business plans follow a rigorous process of developing, writing, and designing the business plan with full financial projections for 3 to 5 years. In Dubai, Abu Dhabi, and Sharjah, we offer custom business plan writing services for investors so that you can start your new business soon. To get a quick consultation on how to write a business plan for investment purposes or how to attract an investor with a professional business plan for the UAE market, please speak to us today. Our business plan templates and samples in UAE will give you a clear picture of what your new business plan should be like.
BUSINESS PLAN FOR IMMIGRATION
For immigration, business plans allow investors to easily migrate to countries such as the UK, USA, European Union countries like France or Germany, and Australia. To strengthen your immigration application, get a perfectly written professional immigration business plan that has the essential requirements for quick approval. Our business plan writers and editors in Dubai, Sharjah, and Abu Dhabi UAE carefully review your information and prepare a well-written and designed business plan. For quick business plan consultation in UAE, give us a call at 0547451587
BUSINESS PLAN FOR BANK LOAN
When applying for a bank loan for your new or existing business, you may be required to submit a detailed business plan for bank loan applications in Dubai, Sharjah, and Abu Dhabi. Our expert business plan writers in UAE are experienced in preparing professional business plans for loan purposes and understand the requirements considered by banks to accept the application. Get a free business plan writing consultation today from Businessplanuae.com to learn how to write a business plan for a bank loan in UAE.
Financial modeling allows you to optimally utilize your financial resources. Financial model experts at Business Plan UAE have gained expertise while working in leading banks and financial institutions. We will prepare a detailed financial forecast taking into consideration the cost and revenue. The estimation of the total business value will be provided based on the real environment simulation method. Financial analysis will help you to attract your investors. Business plan writing is incomplete without financial modeling, and Business Plan UAE is excellent in this service in Dubai, Sharjah, Abu Dhabi, and Ajman. Contact us to know more about how we can be of great help to you in initiating and expanding a successful business.
FEASIBILITY STUDIES / MARKET RESEARCH
Feasibility studies are required to determine the potential of business ideas taking into account the current and future market scenario. Business Plan UAE analyzes your business plan for feasibility in the short- and long-term. The experts at Business Plan UAE conduct an in-depth evaluation of your plant under various possible scenarios. This will help you to save your time, energy, and money by allowing you to make an informed decision about the viability of the project. If you have a business plan or idea and want to check its feasibility in Dubai, UAE, Ajman, and Sharjah, call or email us now.
COMPANY PROFILE WRITING & DESIGNING
Your profile is a perfect representation of your business. A well-designed and ideally crafted business profile helps you attract investors and allows you to take your business to the next level. Business Plan UAE offers one of the best profile writing agencies in Abu Dhabi, Dubai, and Sharjah. We offer a professionally drafted business profile enhanced by the perfect design in the A4 and A5 sizes in both the landscape and portrait format.
LOGO & STATIONERY DESIGNING
Business Plan UAE has the latest technology for the finest stationery and logo design in Dubai, Sharjah, and Abu Dhabi. We are expert designers of all stationery items ranging from your corporate logo, business card, flyer, brochure, envelope, letterhead, invoice, file covers, posters, and many other requirements. Our stationery design portfolio is very extensive, and our services are the best and of the highest quality in the UAE. We can also support you in printing your stationery at the best prices and affordable rates.
COMPANY WEBSITE DESIGNING
We are the leading website designing company in Dubai, offering high-quality responsive website designing in UAE. Catering to various businesses in Dubai, Sharjah, and Abu Dhabi, our website design experts offer you a one-stop solution for your web design needs, with beautiful designs, attractive objects, and well-written copyright content. As a leading web design agency, we ensure that your website designing package will comprise not only creative web design but also, the creation and linking of social media pages, search engine optimization, e-commerce integration, chat service, and email provision to help you kick-start your business operations online.
We, Business Plan UAE, have more than 7 years of experience in designing highly customized business plans for companies in different business genres in Abu Dhabi, Sharjah, Dubai, and the UAE.
If you are looking for experts to write a business plan for you or have an idea but are unsure about its practical feasibility, then you have clicked the right switch. Business Plan UAE Company is competent and expert in writing a business plan and performing a feasibility study. The industry experts at Business Plan UAE incorporate realistic and reliable financial data for the evaluation of the business potential of your idea.
Our business plan writing experts have the experience of working with renowned global brands and will offer you valuable information that will help you excel in your business.
WHY CHOOSE US?
Economic and best.
Initiating a business poses a lot of challenges, especially on the financial front. You are looking for a business plan writer, which offers you the best services at an affordable price. Business Plan UAE has highly economical business writing plans that suit start-ups. We aim to provide you the detailed and relevant information for thriving your business.
One size does not fit all, especially when it comes to writing business plans for different industries and different people according to the needs. Business Plan UAE provides you the customized strategies that help you to evaluate your business through a 360-degree perspective.
Business Plan UAE provides various strategies that help you to refine your business plan. Our strategies are based on the market data analysis vis-a-vis analysis of your business idea. This will allow you to present your idea to the investors in the best possible way.
EXPERT AND EXPERTISE
Business Plan UAE has industry experts who are experienced in writing detailed business plans. We have expertise in writing business plans in Dubai, Abu Dhabi, and Sharjah for various industries. The experts have experience in working with various consultancies and investment banks.
While preparing the business plan, Business Plan UAE pays special attention to the advantages and business potential to make the business plan more attractive. We deliver the business plan document after thorough research industry analysis and detailed information about the competitors.
RESULT-ORIENTED BUSINESS PLANS
Business Plan UAE delivers business plans that are practical and helps you in making an informed decision. We make the business plan as easy as possible with graphs, charts, and tables. The industry experts prepare the scenario simulation as close to the real based on data and industry growth.
We are a team of well-experienced and professional business plan writers, editors, and analysts. With core experience in preparing functional business plans for Dubai, Abu Dhabi, Sharjah, Ajman, and Fujairah, we have the expertise to strategize, design, and implement market studies and examine market feasibility for new businesses in the UAE.
Our experienced financial experts are equipped with thorough knowledge to develop and project financials for 5 future years based on local market conditions and support the data from market feasibility.
KEY FEATURES OF OUR BUSINESS PLANS
Customized business plan.
We prepare a customized business plan with excellent design and easy layout. We develop a powerful business plan to impress various audiences, including investors, management, and landlords.
EASY TO EVALUATE
Our business writers make optimized use of charts, figures, and infographics to allow you to evaluate the business plan easily. The business plan is correctly formatted to make it clearer and easier to read.
RELIABLE FINANCIAL EVALUATION
Complete financial details, along with a 5-year forecast, will be provided that will allow you to prepare a long-term business perspective.
ASSISTANCE THROUGHOUT THE PROCESS
Business Plan UAE will offer you the required support throughout the business planning process. You will have all the details about the business and industry that will allow you to make informed decisions.
COMPREHENSIVE BUSINESS PLAN
We will provide you with a perfect business plan keeping into consideration all the factors that may impact the growth of the business, including the financial forecasts.
We will provide you the complete procedures, including the source file used for arriving at the figures for financial forecasts. This will help to improve your business.
We will incorporate your logo and brand names in the business plan to brand your business in front of various stakeholders.
You may also improve your business plan by opting for a variety of services, such as complete business presentations or complete branding of your venture.
INDUSTRIES WE SERVE IN UAE
Business plan for restaurants and cafes, business plan for clothing and fashion, business plan for construction and architecture, business plan for advertising and consulting, business plan for spa and salons, business plan for pharmacy, business plan for educational institutions, business plan for research laboratories, business plan for farm and agriculture, business plan for travel and tourism, business plan for e-commerce, business plan for retail and trading, business plan for customer service and staffing, business plan for manufacturing industry, business plan for hotel and hospitality, business plan for beauty and fitness, business plan for insurance and accounting, business plan for trading business, business plan for healthcare and hospital business, business plan for entertainment and event business, business plan for repair and maintenance business, business plan for automobile business, business plan for furniture business, business plan for elderly care home business, business plan for animal and pets services, business plan for publication house, business plan for real estate, business plan for a non-profit organization, business plan for home-based business, business plan for computers and internet.
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7 Best Business Plan Writing Service Companies in Dubai
Home » Asia » United Arab Emirates » Start Business in Dubai
Do you need a good business writer that understands the complexity of doing business in Dubai? If YES, here are 7 best business plan writing companies in Dubai.
A business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved. In fact, it is the written description of the future of a business.
Business plan performs other functions which include; conveying the vision of the business to potential investors, attracting key employees to the business, prospecting for new businesses, dealing with suppliers, and equally to understand how to manage the business better.
The UAE has become a popular destination for entrepreneurs, because the government of the Emirate launched great schemes and plans that encouraged the influx of entrepreneurs. These enterprises have helped in tremendous ways to drive the economy of the country forward and generate employment.
But for any business to succeed in Dubai and to equally get investors, it needs a great business plan. It is a fact that a lot of entrepreneurs in Dubai don’t know the first thing about writing a business plan, and even if they do, they may not be able to write it in a professional way that would enable them get the attention of investors. This is why the services of business plan writing companies are greatly needed in Dubai.
If you are in Dubai and you want to write a professional business plan for your company, here are 7 great business plan writing services that can help you produce professional business plans that would enable you better predict your business.
- Business Plan AE
Business Plan AE is a viable business plan writing company that operates in Dubai. If you are seeking a professional business plan, the experts at Business Plan AE can collaborate with you to develop an outstanding plan for the success of your business. The business has collectively created plans for countless startups and companies in the UAE.
Business Plan AE assures is clients of success because their experts collaborate one-on-one with the business in question when writing the business plan. Their business team also has solid work experience from global multinationals, while also enjoying a robust local market experience within the United Arab Emirates. They also offer their clients complimentary business advice to keep them coming back.
- Business Plan Gulf
If you are looking to create a professionally crafted business plan in Dubai, another business plan writing service that can come to your aid is Business Plan Gulf. Their experienced business plan writing experts are ready to actively work with you to create an amicable business plan for the success of your business. Business Plan Gulf is a renowned Online business Plan writing service in UAE with a broad and outstanding experience in this field.
They pride themselves on announcing that all the clients they have served have been able to receive grants in billions of dollars while others have successfully registered full-fledged businesses in UAE and GCC. The company adopts the use of a global-based market research with the assistance of the most successful research teams.
Some of their services include; Business Plan Writing in Dubai, Business Plan Writing in Abu Dhabi, Clinic Business Plan Writing, Restaurant Business Plan Writing, Cafeteria Business Plan Writing Services, Sheesha Parlour Business Plan Writing, etc.
- Writing 4U Company
Yet another great business plan writing service that can help you create professional business plans in Dubai is the Writing4U Company. This business plan writing company believes that good content speaks for itself. For that reason, they aim to deliver excellent content to their customers in UAE and GCC. They have a wealth of experience writing for academics, professionals and corporate houses.
They pride themselves on having highly qualified, very skilled team of writers who are highly capable of crafting simply exquisite research papers writing, case studies and other academic assignments in Dubai, UAE. The company has experienced writers who have worked in the HR departments of major companies, thus their writers are the best choice for writing Professional CV in Dubai, business plans and company profiles in Dubai, UAE.
Asides from writing exquisite business plans, Writing4u.ae makes an effort to understand their clients, their needs and then create highly engaging content for them that is an absolute pleasure to read. The company is also into Dissertation writing and other academic works in Dubai and Abu Dhabi, UAE.
- KCCG Coaching And Consulting
With over 10 years’ experience, KCCG provides tailored business plan writing services for all companies in Dubai and the UAE.
If you wish to write a business plan for your Dubai based business or prepare a feasibility study for a new venture, then you can be rest assured that KCCG coaching and consulting is the right place to be. KCCG is an expert in business planning and will help you add tangible numbers and reliable facts and figures to your business idea(s).
Again, their Dubai based business plan consultants have international work experience and have worked with global brands such as Google, Merrill Lynch, General Electric and many others and can provide you with valuable business consulting and advice related to the below fields: Business Plan Writing, Financial modeling, feasibility studies and Company profile writing.
- Rami Taher – Start-up Consultant
If you are in Dubai and you are in need of a reputable company that would help you in writing a workable business plan, then you need to contact Rami Taher- startup consultant.
When planning for a new business start-up, you rely mostly on research and making educated guesses and forecasts, whereas in the case of existing businesses, in addition to research, they have a wealth of historic information within the business that they can use for future decision making.
As startup companies do not have a wealth of information to base their predictions on, Rami Taher would help them make, not only educated guesses, but in-debt research regarding the company the entrepreneur wants to start a business in, to measure its viability and sustainability, while using the same figures to create an awesome business plan.
- Writing Expertz Dubai
A business plan comes handy to help you better assess your new business, study the market with a feasibility study, analyze your competitors and also, to present the business plan to receive financial support from banks. These are the kind of services Writing Expertz offers your business.
The company can be found functioning in Dubai, Sharjah and Abu Dhabi, and they say that their prices and their services are the best in the market.
While writing your business plan, Writing Expertz usually makes sure that the right format and authority are followed. They also makes sure that the business plan covers all essential points as required by the business plan reviewing bodies in Dubai, Abu Dhabi, Sharjah, Ajman, RAK, and Fujairah including a well-developed feasibility study analysis. They give you a review of the financial plan to cover profit and loss, balance sheet, and break even analysis.
Since establishment, business plan writers at Writng Expertz have worked with entrepreneurs, business owners, executives and bankers from different industries. They have supported companies be it restaurants, saloons, web development, IT services, bakeries and many more new ventures at different stages of development securing their goal through professional business plan writing services in UAE.
Their business plans are prepared with thorough research on the business and local market, and the business plans they develop cover the following: Business Introduction, Mission & Vision Development, Services and Products, Growth Plans, Business Structure, Feasibility Study, Market Research & Analysis, Business Risks, Exit Strategy, Demographic Analysis, Cash Flow Statement, Balance Sheet Projections, Profit & Loss Statement, Manpower Projections
Another company you would not regret using when planning to write a business plan for your company in Dubai is Companyprofile.ae. Companyprofile.ae said that they offer the best and quality assured Business Plan Writing in Dubai, UAE.
They have a team of business experts some of whom have worked previously in big corporations, and a majority of them hold Ph.D. qualifications. They have proved beyond doubt to be able to produce Bank business plans, investor plans, franchise plans, non-profit plans, business start-up plans and power points plans presentation.
Companyprofile.ae. is always ready to take all your ideas and numbers and integrate the information with an in-depth research to develop a highly professional, proper-formatted business plan.
According to the company, what distinguishes them from other company profile writing service providers is their strive and energy to guarantee provision of a powerful and professional company profile writing service in Dubai, UAE, that suits all the expectations of their clients at an affordable price.
The company provides Company Profile Writing amongst other services, and they are confident and proud to assert that they are the industry leaders and trend-setters in Dubai as long as business plan writing is concerned.
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Free business plan template (with examples)
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Starting a business can be a daunting undertaking. As with so many large projects, one of the most difficult challenges is just getting started, and one of the best ways to start is by putting together a plan. A plan is also a powerful tool for communication and can serve as a cornerstone for onboarding new partners and employees or for demonstrating your philosophy and priorities to potential collaborators.
A solid business plan will not only provide a framework for your business going forward but will also give you an early opportunity to organize and refine your thoughts and define your mission statement, providing a guidepost that can serve as a beacon for your business for years to come. We’ve provided a business plan template below to help guide you in the creation of your new enterprise.
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Business plan template
What should a business plan include?
Regardless of the type of business you own or the products and services you provide, every business plan should include some core elements:
- Mission statement. The definition and executive summary of your business.
- Market analysis. A breakdown of the market segment and customers you hope to reach, built through primary (gathered by you) and secondary (gathered from outside sources) research.
- Organization and logistics. The nuts and bolts of how your business is operated
- Products or services. What your company provides its customers.
- Advertising and marketing. How you intend to get your products in front of your customers.
- Forecasting. Revenue forecasting for partners or potential investors.
Why do you need a business plan?
A business plan is a framework for success. It provides a number of key benefits:
- Structure. The outline around which to design your business.
- Operational guidance. A signpost for how to run your business from day to day.
- Expansion. A vision for the future growth of your enterprise.
- Definition. A platform to consider every element of your business and how best to execute your plans for them.
- Collaboration. A synopsis of what’s exceptional about your business and a way to attract funding, investment or partnerships.
- Onboarding. An efficient summary of your business for new or potential employees.
Business plan examples
We’ve created two fictional companies to illustrate how a business might use a business plan to sketch out goals and opportunities as well as forecast revenue.
Our first hypothetical example is a jewelry and accessory creator called Bling, Incorporated. A hybrid business that manufactures its products for sale both online and through physical retail channels, Bling’s mission statement is focused on transforming simple, inexpensive ingredients into wearable statement pieces of art.
Market analysis includes gathering data around sourcing sustainable, inexpensive components, aesthetic trends in fashion and on which platforms competitors have had success in advertising jewelry to prospective customers. Logistics include shipping products, negotiating with retailers, establishing an e-commerce presence and material and manufacturing costs.
Bling, Incorporated advertises initially through social platforms like TikTok and Facebook, as well as with Google AdSense, with plans to eventually expand to television advertising. Revenue forecasting is structured around a low overhead on the basis of inexpensive materials, no dedicated storefront and broad reach through digital platforms.
Phaeton Custom Cars
Phaeton is a custom car builder and classic car restoration business with a regional focus and reach. Its mission statement defines it as a local, family-owned business serving a community of auto enthusiasts and a broader regional niche of collectors.
Market analysis breaks down the location and facilities of other competitor shops in the region as well as online communities of regional car enthusiasts likely to spend money on custom modifications or restoration projects. It also examines trends in valuations for custom parts and vintage cars. Logistics include pricing out parts and labor, finding skilled or apprentice laborers and mortgaging a garage and equipment.
Phaeton advertises in regional publications, at local events and regional car shows and online through Facebook and Instagram, with an emphasis on a social presence highlighting their flashiest builds. Revenue forecasting is built around a growing reputation and high-value commissions.
Frequently asked questions (FAQs)
A business plan may not be a prerequisite for every type of business, but there are few businesses that wouldn’t benefit from one. It can serve as an important strategic tool and help crystalize a vision of your business and its future.
Business plans do just that: they help you plan the future of your business, serve as a platform to brainstorm ideas and think through your vision and are a great tool for showcasing why your business works to potential investors or partners.
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
Alan is an experienced culture and tech writer with a background in newspaper reporting. His work has appeared in Rolling Stone, Paste Magazine, The Escapist, PC Mag, PC Gamer, and a multitude of other outlets. He has over twenty years of experience as a journalist and editor and is the author of the urban fantasy novel The Sixth Borough.
Sierra Campbell is a small business editor for USA Today Blueprint. She specializes in writing, editing and fact-checking content centered around helping businesses. She has worked as a digital content and show producer for several local TV stations, an editor for U.S. News & World Report and a freelance writer and editor for many companies. Sierra prides herself in delivering accurate and up-to-date information to readers. Her expertise includes credit card processing companies, e-commerce platforms, payroll software, accounting software and virtual private networks (VPNs). She also owns Editing by Sierra, where she offers editing services to writers of all backgrounds, including self-published and traditionally published authors.
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