Template for Nigeria Youth Investment Fund NYIF Loan Business Plan and others. View NYIF Loan Business Plan Template here to see how to write NYIF Loan Business Plan in other to be successful selected for NYIF Loan 2021.
General writing a business plan could be challenging a times but there is nothing to worry about I will show you how to write a business plan. When writing a business plan You don’t have to be intimidated while writing your business plan. Just keep it short and make sure you know your audience.
Things to know about Business Plan
Keep it in mind that whether you are building a business plan to apply for Nigeria Youth Investment fund NYIF or to apply for other loan and grow your business or just need to figure out if your idea will work, every business plan needs to cover 6 essential topics listed below:
Company and management Summary
Template for a simple business plan:
1.) BUSINESS IDEA:
What is your big idea? Is it a product or a service? What makes your idea different? How will your products/services stand out from the competition? Why will people want to buy your product?
READ ALSO: Link To Upload NYIF Loan Business Plan
2.) BUSINESS NAME:
What does the name say about your business? Is it unique? Memorable? Easy to pronounce?
3.) TARGET MARKET AND DEMOGRAPIHNCS:
Who will your customers be? Other Kids? Teenagers? Men? Women? Where do they live? What is your target market passionate about?
How well you get the word out about your business? Online? Posters? Through the Newspaper? By Email? Where will you sell your products or services?
How much will you charge? What are your competitors charging?
How much will you make on each sale after you subtract your expenses? Profit-income-Expenses? The sale price of the item, cost of the item, Profit? What will you do with the money you make? Reinvest in the business?
Simply follow the steps above to write your business plan if you can not afford to pay an expert to write it for you. Remember you can also use online business plan platforms to write your plan.