The business idea. business plan

Many entrepreneurs do not know the procedures to follow for the creation of their business or business plan. It must be taken into account that in order to reach a successful conclusion, in addition to having enthusiasm, a plan must be structured to follow.

First of all, a " happy idea," it is necessary to think about undertaking something with which you feel comfortable and that is a good business in today's market. Secondly, having the necessary money to start this company and, thirdly, good training are important to meet the objectives we want to achieve.

Before launching to create a business or company, the entrepreneur must ensure that his idea can be carried out, and for this a business plan must be drawn up. It is a useful, simple, dynamic, and personal document in which you analyze the feasibility of your idea. In the case of opting for financing, investors will want to know the details of the business. 

The business idea

The business idea is the product or service that I want to offer to the market. The means to attract customers and thus obtain economic benefit. It constitutes the business opportunity and what, when it comes to bringing it to reality, the creation of the SME, makes us successful or not. 
But not only is it enough to have a good idea, it is necessary to evaluate it and check its viability. 
Therefore, the first stop on the path of the entrepreneur is to specify the business idea and describe it as precisely as possible. 

To do this, when putting it in writing, you must make the following points clear:

1. Description of the product or service that you are going to offer to the market: The need that your product or service covers. If your business idea covers a new need, you will have very little competition.
2. Potential clientele: Who is it for? We must specify the essential characteristics that define our target customers.
3. Competition: It is necessary to carry out an exhaustive analysis of the competition of the products or services they have, what their characteristics are, and what methods or strategies are used by the companies with which you are going to compete in the market.
4. Added value: It is the part in which it is reflected that your product will differentiate, which will make it the best option for buyers.
5. The sources of business ideas are very diverse and varied, but they all pursue a common goal: to find the product or service that will make customers want to buy it. But also do it in the most profitable way for the company. That is, apply methodologies that help us reduce costs to the maximum. This is one of the foundations of the Lean Startup philosophy that has revolutionized the business world.
6. Business Plan Template with executive summary Present your company's objectives in a clear and simple way. This presentation template offers a very effective solution if you need to prepare a business plan.

The business plan 

Writing one of the most crucial documents in any entrepreneur's path after you have decided on your business concept can enhance your chances of success and lower your risk. 
The business plan is the primary planning tool when embarking on a company enterprise. It increases the likelihood of starting a successful firm, and even for consolidated companies, it serves as a tool for expanding and diversifying their core industry. 
There are a number of actions that must be taken, but it is also essential to follow a number of guidelines that are more focused on the caliber of the content and some writing standards. However, there is no guaranteed formula for success, and occasionally, even with careful planning, things might go wrong. 

Common errors and doubts are simple to create. For instance, there are several lists, for instance, of catastrophic mistakes made when starting new businesses, because professionals are aware of this.

Contents of a Business Plan

• Presentation of the business idea In this part, it is necessary to explain in detail what our new company is going to do, as well as the factors that will differentiate it from other companies in the sector, identify the factors of success, failure or risk, the address where it is going to be located, list of partners if they have, with their academic profiles and finally the CNAE code, which means National Classification of Economic Activities. This classification can be found at www.aeat.es, also through the BOE www.boe.es.
• Probability analysis Here, a marketing strategy is implemented utilizing all available information about the good or service that will be our business, which necessitates an understanding of the production method or service to be rendered. Here, both commercial viability and technological feasibility must be considered. Through an examination known as PEST, which looks at other factors like societal or economic development, we will determine the elements of our environment.
• Commercial legal plan. It is necessary to know the legal aspects that can affect us, look for the most convenient legal form and procedures for setting up the company. We detail below briefly the form of the viable company:
• The Sociedad Limitada Nueva Empresa (SLNE) is designed for small businesses, partnerships limited to five, and the capital with which to count is at least 3,012 euros and a maximum of 120,202 euros.

• Anonymous society At least 1 partner with a minimum capital of 60,101.23 euros.

• Limited society. Minimum 1 partner, minimum capital of 3,005.06 euros.

• Franchise. This is the name given to the system of collaboration between two parties who are independent. 
  Legally, they are bound by a contract in which one of the parties yields, in exchange for a
  economic remuneration, the right to use your trademark for a limited time.

• Internet business The network is a fantastic opportunity for entrepreneurs, and more and more people are opting for this type of business. Every day, there are more companies that do not have a physical address, despite the fact that a registered office is required for legal purposes. 

• Human Resources The workforce must be defined, including the company's partners; each position must be described, as well as the personnel profile; and finally, the company's organizational chart must be created. 

• Financial economic plan. Its objective is to study the viability of the company at an economic level. And financial, depending on the expected results. The data to consider is this:

• Initial balance sheet and balance sheet for the first three years. 
• Profit and loss statements 
• Treasury budget
• Conclusions of the Plan They are obtained from the analysis of the previous sections.