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Business Plan Development
A business plan is the cornerstone for initiating and developing any commercial enterprise. If you are launching a venture without a structured implementation strategy, the likelihood of failure significantly increases. A business plan is a legal and financial instrument that delineates each procedural step in a systematic and detailed manner.
Start-up entrepreneurs most frequently encounter issues with business plan preparation. Therefore, it is advisable to seek assistance from professionals—this ensures nothing essential is overlooked and provides you with legally sound and practical recommendations from our team at Law&Trust International.
Table of contents
What is a business plan?
A business plan is a document that comprehensively outlines a company’s business objectives, the strategies to achieve them, its organizational structure, goods or services offered, the target market, and financial projections. It serves as an essential legal-economic tool for entrepreneurs and investors by providing insight into the project’s prospects and associated risks.
Why is Business Planning Necessary?
- Goal Setting and Strategy Formulation: Facilitates the articulation of business objectives and the development of a roadmap for their attainment.
- Market and Competitor Analysis: Allows for the examination of the commercial environment and the competitive landscape.
- Financial Forecasting: Includes projections for revenue, expenditures, and profitability.
- Capital Attraction: Required to secure funding from financial institutions, private investors, or public grant programs.
- Monitoring and Control: Enables systematic oversight of task fulfillment and timely adjustment of strategies.
In various regulated industries, a business plan is a mandatory prerequisite for obtaining operational licenses or official permits. This ensures the viability and legality of the proposed business activity.
What purposes can a business plan serve?
- Obtaining a license;
- Opening a bank account;
- Registering a foundation;
- Incorporating a company.
What sections does a business plan include?
A structured business plan enables potential investors and regulators to obtain comprehensive answers—from the project’s relevance to its return on investment (ROI).
The document typically includes the following components:
- Executive Summary
- Services/Products
- Marketing Strategy
- Production Plan
- Organizational Plan
- Financial Plan
- Business Prospects
An essential component of a business plan, market research significantly influences investor appeal. It provides deeper insight into the target demographic, competitor benchmarking, and pricing strategies within the niche.
With this data, entrepreneurs can formulate a compelling brand image, select effective market entry strategies, and determine optimal sales techniques.
The law firm Law&Trust provides comprehensive business plan development services for companies across all industries. Our specialists take into account all the specific aspects of your niche and business proposal to prepare a document that positions you for success.
We develop business plans in accordance with the international UNIDO standard, enabling you to present the document to both local and foreign investors with confidence.
What Determines Service Costs?
The cost of business plan development depends on:
- Documentation requirements
- Complexity of the financial model
- Depth of market research
- Scope of technical and technological data (equipment procurement and maintenance)
- Volume of client-provided information
Our firm will prepare a compelling business plan that demonstrates the investment potential of your project to prospective financiers.
F.A.Q.
Does a business plan have to be long and detailed?
Not necessarily. The length depends on the purpose. A brief 5–10 page document may suffice for personal or partner use. For investor presentations, a detailed plan with analytics and projections is essential.
Can I write a business plan at the idea stage?
Yes—and it is highly recommended. Planning helps reassess and refine your concept before allocating resources.
What is more important: the idea or the numbers?
Both are critical, but financials are paramount. Even the most innovative idea is merely speculative without substantiated figures. Investors and lenders focus on financial feasibility.
What if I can't accurately forecast revenue?
Use a scenario-based approach: pessimistic, realistic, and optimistic. Justify each forecast with sound logic, not guesswork.
