The first query you need to tackle before writing your business plan – what is a business plan? In short it is a roadmap for your solar energy business presenting anyone who gazes as it what the goals of the business are and also shows how those goals should be reached.
It is a vital tool for gathering finance, as well as – bank overdrafts, loans and venture capital.
The solar energy business plan should be made bespoke for the likely lender or the investor. The substance of the business plan should imitate the would-be interests of the lender and encourage support for your solar energy business venture.
After completion,your plan also provides a powerful tool for monitoring the progress of your solar energy business. It will assist you to focus on the objectives set up in the solar energy business plan.
Don’t fill your business plan with jargon for the sake of it – your investor might not have a clue about the prospective business – just a shed load of money that they want to invest in new businesses – they aren’t necessarily going to known the solar energy business acronyms that you use on a day to day basis. Don’t be afraid to use diagrams in your plan – this will break it up as well making it easier to read.
You must cover the businesses strengths and weaknesses and present how you plan to overcome weaknesses. Show you appreciate the risks involved and propose probable solutions for overcoming these risks and provide evidence to assist your statements. This will attach credibility to the business plan.
Make a solid first impression by presenting the document in a clear and professional approach by using an understandable, unpretentious design that conveys a proficient image and stay away from jargon, keeping the subject matter concise and hard hitting. Any technical or supporting information ought to be provided in the appendices.
Fiscal projections will be presented between the main body of the business plan and the appendices. Profit and Loss statements, Balance Sheets, Cash-flow forecasts etc. ought to be given in a separate section of schedules. This will ensure completeness without sacrificing the flow of the narrative.
If your business is a new venture then give background information as to why you intend to start it. Affirm the noteworthy advantages of your product or service. Point to prospective markets and explain your pricing policy and selling strategies. Identify the competition and outline your proposals for dealing with it. Be positive and quick to the point.
Make apparent the experience and awards of you and your management team and show how their skills can be harnessed to obtain growth potential and profitability. Give information on recruitment necessities including Curriculum vitaes for most important management in the Appendices and, if applicable, an organisation chart to illustrate the management configuration.
Paul Stanton Before you begin to write your solar energy business plan. Look at this great business resource first it could save you a lot of heartache.