Still many person misunderstand the meaning about Business Plan. This page is the basic information for your reference.
Business Plan is the documents in which your company activity is described. Normally, for commercial purpose it´s required. But even for social and volunteer activity it´s required in some cases. This documents must contain detailed business activities include financial projection (at least 3 years), the way of education for company staffs, risk management, market analysis, member of board of directors, main shareholders, a way of accountant..., not your dream which has no possibility to come true. Many types of Business Plan are there according the purpose of business.
Do not misunderstand about Business Plan as simple itemized document. Who can do proper job with a "business plan´ consisted by several sentences which describe a dream. It´s useless, worthless, and harmful to your company because everyone will consider that your company has no proper business. You will get the result that you might be no ability with no money, no plan, no clear picture about your own business. In short words, you will be considered as one of "fools". Please be careful.
In many scenes Business Plan is required, such as:
When you need a signature of Nominee, Business Plan is required, too.
When open corporate bank account, many documents as follows are required:
Nominee is provide on legal system. It´s different from illegal mutual contract. When your company need to make a contract with third parties, a signature of Nominee may be required sometime. In this case, detailed Business Plan is mandatory as well as a copy of contract, so that your nominee can check whether a contract is legal according to the law system of HIS country with the consultant of lawyer or government itself. If a company doesn´t have any Business Plan, impossible to follow the procedure of due diligence. In the result, you can´t get a signature of Nominee.
When a company try to get a license, issuing a Business Plan is necessary. No government in the world who would issue some license to a company who don´t have any Business Plan. Especially on this purpose, your Business Plan should be accurate, simple style, include detailed information of your company as well as proper financial projection at least five years. In general case, it will be more than 50 pages. In some case, more than few hundreds pages. Please prepare good Business Plan if you need a license.
Business Plan should be written in English, normally. If using specific language such as Japanese, Chinese, Bahasa-Indonesia, Tamil..., almost no one can understand. Please note that translation software is useless for this purpose. When you translate your Business Plan by this, your company will get damage caused by funny sentence.
Oobac professional can make Business Plan for you if you have difficulty.
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Information for Beginners