Starting a business is very exciting, but it can get very scary and difficult. A business with only a name and idea cannot prosper. You will need a proper plan specified as a business plan.
At GFCS Nepal, we help entrepreneurs and startups like you create smart plans to run your business smoothly. In this article, let’s walk through what a business plan actually is and why it is important in Nepal and how we at GFCS Nepal can assist you in making a plan that helps your business sustain.
What is a Business Plan?
A business plan is a formal document that outlines
- About what are the services that you provide
- Who your customers are
- What will be your earning source
- How you will manage the finances
- What your business does
It doesn’t matter if you’re starting a small retail shop, online store, tech startup or even a consultancy, having a business plan will help to pave a path towards success and help you stay focused.
Why is a business plan important in Nepal?
If you’re running a business or planning to open one and if you are thinking whether or not you’ll require a business plan. Here’s why a business plan matters:
- Helps to keep your goals, strategies and plans clear.
- Banks and investors will prefer to invest in businesses with proper plans.
- You can keep track of your progress and spot any problems if required.
- You can make investments on smarter marketing and good financial and operational choices.
At GFCS Nepal we’ve worked with many businesses in Nepal to create a solid business plan which helps business stay both professional and practical.
What should be included in a business plan?
A good business plan includes:
1. Executive Summary: It is the summary of what your business is and what it does or what your future plans are.
2. Business description: In this process you explain business ideas in detail and what are the problems that you may face.
3. Market analysis and research: You should understand the market, know about your competitors and what are the trends and about your target audience.
4. Organization and management: Explain how your business will be structured and who are your team members and key members.
5. Products and services: What are you selling, what your services are and how it will be beneficial for the customers in Nepal.
6. Marketing and Sales Strategy: What your marketing strategies are, how are you going to attract the target audience this section includes advertising and promotion.
7. Financial Plan: This is undoubtedly the most important factor in running a business. Include startup cost, revenue planning and profit and loss analysis.
GFCS Nepal your business plan partner
At GFCS Nepal we make the process of preparing a business plan easy and hassle free. Whether you are planning to set up a new business or a company that is looking to strive in the market and expand, we are here to help you to prepare a professional business plan to run your business smoothly.
Services we offer are:
- Business plans customized for bank loans, investors and government grants.
- One to one consultation so that your idea is well heard and you receive experienced guidance.
- Financial plans that are appropriate for the market in Nepal.
- Support even after the plan is finalized which helps you deal with any kind of problem in the future regarding any business activities and difficulties.
We have helped NGOs, online stores, retail shops, and businesses doing export and import in Nepal and we can provide the same seamless support to you as well to help your business prosper.
What can be considered while making a business plan especially as a beginner
- Use numbers
- Keep it simple
- Stay realistic
- Update regularly
Final Thoughts
Finally, a business plan is not only for big companies, it’s actually for everyone that wishes to run their business smoothly and be successful.
A business plan gives you a clear direction and confidence to move forward. And with expert support from GFCS Nepal can help you build a plan that gets results.
Contact Us:
We are here to make your time very efficient. We will provide suggestions and offer experienced professionals that will help you to make a business plan from scratch. We are going to help in every step of setting up a business and make the process of setting up a business as simple and easy as possible for you so that your ideas don’t go in vain. If you have queries or need any kind of help or consultation we are always at your service and our team is always eager to work and coordinate with you to make your work easier. For someone who needs our assistance you can contact us through
Phone: 9802360825
Email: [email protected]
Website:https://gfcsnepal.com/
Location: https://g.co/kgs/J6pufPG
You can also reach us through social media, we have our services available on facebook, Instagram and twitter. You can leave in a msg or a call and our team of experts will reach you as soon as possible. We look forward to working with you and helping you with the process of making a business plan.