“I am a creative person, I have many ideas every day, they pop up at all sorts of times, when I go to bed, in my dreams, when I wake up, when I’m having my morning coffee, when I’m driving, when I look up from the computer for a rest, etc.
Of the dozens of ideas that go through my head, some are recurring and emerge regularly. The most stubborn finally materialise and become realities”.
But with it comes doubts and questions:
Will my idea have a market?
What is my competition?
Do I need a communications plan?
What services will I need to contract?
…And,
How am I going to pay for all of this?
What will become of me if the effort is not successful?
A business plan and financial projections will help you plan for different scenarios, in the short and medium term, and prevent inadequate financing being a reason to end the project.
These are the pillars of a business plan:
Mission. Identification of the product or service.
Legal limitations to developing the activity.
Supply, demand, prices and margins.
(strengths, weaknesses, opportunities and threats)
Sales expectations and evolution of the project structure.
Analytical exploitation, balance and cash flow.
Different scenarios for not reaching objectives.
Investment, financing, break-even point, viability.
In order to avoid making common mistakes when creating a business plan, it is best to have the help of experienced professionals who can guide your company towards new successes.
MGI Àmbit has worked closely with individuals, SMEs and large companies for more than 30 years to ensure they reach their objectives by offering advice and support in developing their Business Plans.
When you build a house, you need an architectural project,
when you undergo surgery, you go through a medical protocol,
when you select a school for your children you research to find the best one,
before voting you read each party’s political manifesto and policies,
and even before you take out an insurance policy you read their proposal carefully:
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In the world of business, because we are talking about that in this blog, usually we qualify the persons as an entrepreneur or as a businessman’s, using these words as equivalents. But are not exactly the same.
I’m a creative person, everyday I have many ideas, appear at any moment, time to go bed, in my dreams, when I get up, with my morning coffee, driving, when I rise the sight of the computer to rest the eyes…
