#HowTo: Creating an epic business plan

My Hustle
My Hustle

Hey, hustlers! Whether you braid that hair, drop those beats, paint your heart out or run the coolest food truck in town, this one’s for you! Every business (yep, even yours) needs to have a written business plan. Whether it’s to provide direction or even to attract investors, a business plan is vital to your hustle.

Now you’re asking yourself: ‘What on earth does my business plan have to include?’ Well, ask no more! Here’s a basic step-by-step guide to setting up an epic business plan!

Step 1: Write an executive summary.

‘I’m sorry, what?’ 

A snapshot of your business.

Step 2: Write the company description.

‘I’m sorry, what?’ 

A description of what you do.

Step 3: Do your market analysis.

‘I’m sorry, what?’ 

Research on your industry, market and competitors.

Step 4: Outline your organisation and management.

‘I’m sorry, what?’ 

Your business and management structure.

Step 5: Outline your service or product.

‘I’m sorry, what?’ 

The products or services you're offering.

Step 6: Define your marketing and sales strategy.

‘I’m sorry, what?’ 

How you'll market your business and your sales strategy.

Step 7: Calculate your funding request.

‘I’m sorry, what?’ 

How much money you'll need for the next three to five years.

Step 8: Outline your financial projections.

‘I’m sorry, what?’ 

Supply information like balance sheets. And estimate what you think your business will earn in the future, based on what you currently earn.

Step 9: Include all relevant information in your appendix.

‘I’m sorry, what?’ 

An optional section that includes CVs, permits, etc.