If you are thinking about starting a business in Kenya, then you need a well done business plan regardless of your business nature or size. You probably are wondering what that really means, a business plan is a plan that sets out the future approach and economic growth of a business, in most cases, the plan covers a number of years. It is the most focal component for a flourishing business.
It is important to understand that to be able to get funds from an investor your business plan should be well written. A point to note is that banks and other financial institutions in Kenya give funds to persons who comply with the specific guidelines. This is to ensure that investing in your business will not be a waste of time and money on their side.
Below is an outline of the eight important steps that need to be taken in order to come up with a winning business plan:
STEPS TO OBSERVE IN BUSINESS PLAN WRITING IN KENYA
- A EXECUTIVE SUMMARY
This is the key segment of a business plan as it is meant to convince the intended investor that your business is worth investing in. The summary is also essential as it communicates to employees on what is expected of them. However, communication does not stop at the employees but it also extends to the probable customers. Continue reading