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        Update this plan on a 套路路Q套路路套路路uarterly Basis.套路路 If you are running this checklist as a result of a drastic change within your business then run the checklist as though you are creating a new business plan from scratch. 

        Having an up-to-date business plan is 套路路CRITICAL for the smooth running of any business. 套路路

        We recommend running through this checklist every few months and updating it whenever a change of plan occurs. 

        Even if you haven't made any changes it is important to consistently check-in with your mission, values, and goals.  

        The following tasks help to keep a record of who is editing the plan and how often. 


        Select the appropriate option from the dropdown below. 

        If you have not yet created a OPP then create a document on your computer or on Google Docs. Then follow the subtasks below when creating the OPP.

        • 1
          Describe your business in one sentence
        • 2
          Describe the problem your potential customers have
        • 3
          Describe your solution to the problem
        • 4
          Explain who your target market/ ideal customer is
        • 5
          Describe your competitive advantage
        • 6
          Describe how you will sell to your customers
        • 7
          Describe what marketing activities you will use to attract customers
        • 8
          Detail your business model, what are your revenue streams
        • 9
          List your startup costs
        • 10
          List your primary goals and milestones that you want to accomplish over the next few months
        • 11
          Outline whether you wish to run the business alone or with a team/ freelancers
        • 12
          List any partners and resources you need to help you launch.


        套路路Why create a Standard Business Plan alongside a One-Page-Pitch?套路路

        Whilst a One-Page-Pitch is GREAT for getting your ideas on paper it lacks the components that make a business plan actionable. 

        The 套路路Standard Business Plan delves deeper into the ways you plan on making your business happen.套路路 Most importantly, this plan is what investors and banks will expect to see. 

        Are you ready to legitimize and set the infrastructure for your business? 

        Remember to follow the tasks in a 套路路linear 套路路fashion. 

        套路路Let's build your business. 套路路


        套路路Bear all of your previous answers in mind and write a brief mission statement.套路路套路路套路路

        Consider the problem you are solving; the customer's needs; your solution to the problem; and how you will benefit. 


        Now, briefly 套路路summarize your idea, future plans, and what you wish to accomplish with a vision statement. 套路路


        套路路Pinpoint who your customers are.套路路

        The first step in ascertaining your place within your target market is forming a relationship with your future customers.

        Like any relationship, the more you know about someone the more likely you are to know what they want and how they want it. 

        套路路Get personal套路路, picture your future customer in detail:

        How old are they? What sex do they identify themselves as? What are their tastes? What are their spending habits? 

        There are lots more questions you can ask to套路路 REALLY get to know your target market.套路路

        Remember, the more questions you ask, the closer you get to identify your customer's wants and needs. 

        Do some research, then tick each of the boxes once you have the data: 

        • 1
          Do you know how old your customers are?
        • 2
          Do you know what sex they identify as?
        • 3
          Do you know their tastes?
        • 4
          Do you know their spending habits?


        Consider all the data you have gathered in relation to your customers and your competitors. 

        Given the data, what do you think are the vital components in ensuring your business's success? Ideally, you will have between four and six套路路 keys to success (KTS). 套路路

        套路路Struggling to narrow down your ideas?套路路 Here are a couple of examples:

        ? Excellent product and service that will build and maintain customer loyalty.

        ? A commitment to continuous improvement and total quality services.


        Business Plan Checklist: Risk Assessment

        “A major lesson in risk management is that a 'receding sea' is not a lucky offer of an extra piece of free beach, but the warning sign of an upcoming tsunami.”
        ― Jos Berkemeijer

        Business risk can be understood as the factors and events that can impact a company's operational and financial performance.

        From tsunamis to employees quitting; to pandemics and system failure. 套路路Risks can occur at any time套路路 and at varying degrees of disastrousness. 

        In fact, a lack of risk management strategies causes over 50% of startups to fail within their first four years.

        However, all is not lost. 

        套路路A thorough risk assessment of the environment surrounding your business is vital in mitigating risks. 套路路

        By considering possible risks you develop short and long-term plans that promote the steadfastness of your business. 


        套路路Economic Risk:套路路 Remember the financial crisis of 2007/8? That is the type of thing you consider when assessing economic risks, along with all changes in the market.

        套路路Natural Risk:套路路 Think of the tsunami example, this is a natural risk. Natural risk factors include natural disasters that affect normal business operations.

        套路路Political Risk:套路路 The 2010 crisis in Venezuela shows how 套路路political套路路 decisions take by governmental leaders can influence your business. Think taxes; currency valuation; trade tariffs or barriers; investment; wage levels; labor laws; environmental regulations and development priorities, can affect your business conditions and profitability.

        套路路For guidance on managing risk 套路路click here套路路套路路套路路


        Internal risks happen from 套路路within your organization.套路路

        套路路Human-factor Risk: 套路路 All things relating to you or your staff and your ability to work.

        Human-factor risks include:

        • Union strikes

        • Dishonest employees

        • Ineffective management or leadership

        • Failure within the production and supply streams

        • Failure to pay by clients/customers

        套路路Technological risk:套路路 unforeseen changes in the manufacturing, delivery, or distribution of a company's product or service.

        Technological risks include:

        • Failure of systems

        • Lack of skilled IT staff

        • Software and server problems

        • Dated technology and systems

        套路路Physical risk: 套路路is simply套路路 the loss or damage of assets 套路路belonging to a company. 

        套路路For guidance on managing risk 套路路click here套路路



        套路路A套路路 套路路marketing plan is operational套路路 and outlines a detailed advertising strategy. It details how your business plans to reach customers.

        The plan includes details on promotional campaigns you plan to run and how you plan to monitor the effectiveness of these initiatives.

        Whilst the following tasks 套路路cover the most important steps for a marketing plan套路路 there is a lot more you can do to increase your outreach. If you wish to delve deeper into the realm of marketing and planning then 套路路click here. 套路路

        Components of a marketing plan:

        • 套路路Market research套路路 to support pricing decisions and new market entries.
        • 套路路Platform selection套路路 for connecting with customers and promoting your product or service.
        • 套路路Tailored messaging套路路 that targets the demographics within your market.
        • 套路路Metrics套路路 that measure the results of marketing efforts and their reporting timelines.


        套路路Consider your value proposition and take the same tone that you did when deciding your brand messaging. 套路路

        Ever had something tailor-made? Remember the effort that went into customizing that item to be your perfect fit. 

        This is what you want to do for each and everyone one of your customers, make them feel as though 套路路you are the perfect fit for them. 套路路

        A tailored message is customized for each and every customer. They are great for creating a personal connection with customers and generating new business. 


        套路路Metrics are performance measurements that you track as part of your regular planning process. 套路路

        They are numbers that you gather to analyze and compare. 

        The most obvious metrics are in financial reports: sales, cost of sales, expenses, and so on.

        Understanding and managing financial reports and numbers closely helps to build accountability in your business.


        When considering where you are going to source your products it is 套路路really important 套路路that you consider three things:

        Another thing to consider is 套路路sustainability.套路路

        Climate conscious brands are becoming increasingly popular. Being a sustainable brand means that you can positively influence the environment whilst growing your business at the same time! 


        套路路Consider where your business is based:套路路

        • Will your business have an online presence?
        • Will you require the use of any extra facilities?
        • How do you plan to distribute your product?


        Use the form fields below to 套路路determine your business's financial needs.套路路


        If you already have a cash flow then upload it below and move on to the next task.

        If not then follow this checklist on The Financial Planning Process and upload/link the final document:


        Use this task to guide you in 套路路preparing your executive summary.套路路

        Utilize the subtasks below to ensure you include all of the required information. 

        • 1
          A summary of my business.
        • 2
          A summary of my products/services.
        • 3
          Your mission statement.
        • 4
          Your vision statement.
        • 5
          Summary of your organizational structure.
        • 6
          Summary of your target market and ideal customer.
        • 7
          Evaluation of the external and internal risks.
        • 8
          Summary of the future of my business and my industry.
        • 9
          Summary of my financial data and projections.
        • 10
          Summary of legalities.

        套路路Upload your executive summary in the appropriate form field below. 套路路


        Create a document either in Google Docs or on your computer.

        Input the following headings into the document to 套路路organize your business plan:套路路

        • Basic Info
        • Opportunity
        • Market Analysis
        • Risk Assessment
        • Marketing Strategy and Plan
        • Product Details
        • Finances
        • Legalities
        • Executive Summary

        The following steps will gather all the data from this checklist. Copy and paste the data from each of the sections into your document.

        套路路Then upload or link the document. 套路路






































































        Use the form field below to upload your first d



        You have completed the checklist and created your business plan.

        Once you have finished editing the document be sure to upload/link it here so that it is stored in a safe place.