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Stellar Business Plans founder shares tips on writing a winning business plan

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Ishan Chadha, Founder, Stellar Business Plans

LONDON, GREATER LONDON, UK, August 23, 2022 /EINPresswire.com/ — Ishan Chadha, Founder of Startup Consulting Firm Stellar Business Plans, has helped countless companies develop a winning business strategy for their startup over the past decade. “Every business is different. And so, crafting a unique strategy and business plan around the founder’s idea and vision can sometimes be difficult for founders and consultants like me. I can’t stress how important a business plan is for a startup, especially in the early stages,” notes Ishan.

Business plans tend to take a long time to write, and sometimes you may think it’s easier to just ignore them. After all, it’s your business and you know how to handle it, don’t you? Well, it’s not that simple! Here are a few reasons why every business needs a business plan.

Help bring the MONEY
Pretty self-explanatory! Every business needs to raise money at some point in its journey, whether it’s for product development, marketing, working capital, or expansion. A business plan provides investors with a detailed blueprint of your business – who the founders are, their vision/mission, products/services offered, plans for the future, how the business has performed so far, intended use of funds raised and projected performance.

Effective internal planning
As the name suggests, this is a plan for your business for the next 5 years. It helps set a direction for everyone in the business – founders, vendors, and employees. “Failing to plan means planning to fail – that phrase has never sounded truer,” says Ishan. It helps to define the goals and objectives of a business and a well-planned roadmap to achieve them.

Refine marketing and growth strategy
A business plan outlines the company’s marketing and customer acquisition strategy. One of the most important factors for the success of a business are its “customers”. If there are no buyers, who would you sell your products to? Answers to crucial questions such as “who are the main customers?” What influences their buying behavior? How do we reach these customers? Are there large-scale prospects? are essential to ensure the success of your business.

Effective financial planning and forecasting
One of the most important uses of a business plan is to plan and manage your money. It clearly shows how the money raised by the business will be used and allocated. Furthermore, the plan also details the performance of the business in figures forecasting the revenue and hence the profit over the next 3 or 5 years. It also defines the underlying assumptions made to arrive at these forecasts and thus gives confidence to the reader (investor or potential partners) on the future prospects of the company.

Blueprint for your business
Whether you’re applying for a bank loan or pitching yourself to an investor, you need a business plan to demonstrate your business, products and services, marketing, sales, growth strategy, and use of the investment. You can also use your business plan to apply for grants, SBA loans, immigration applications, or licensing/partnership requirements.

Who needs a business plan?
In short, everyone. Whether you’re a startup or an established company looking to grow, a business plan can help you move forward. A business plan can help companies define and refine their goals, strategies and finances. This process can also help companies build a stronger foundation and make better decisions for their future. If you want to take your business to the next level, start with the basics and write a comprehensive business plan!

Over time, it is also important that the business plan be kept up to date as the business grows and learns. The plan’s objectives, strategies and financial projections may need to be revised as the business gains new knowledge, so that no matter what, the business is operating at full capacity!

Stellar Business Plans — Strategic Planning Experts
Stellar Business Plans has been working with start-up entrepreneurs for almost 10 years. They work side-by-side with founders and help them create “stellar” business plans, winning investor pitches, solid financial models, and credible business valuation reports.

Their clients include companies from a wide range of industries and in the last year alone they have worked with over 50 companies. The team is based in the UK and the US. They have 13 expert consultants with impeccable academic and professional backgrounds

Background
Ishan Chadha is a seasoned corporate finance consultant with extensive experience in corporate planning, strategy and financial modeling. Before being a startup consultant, Ishan was a successful entrepreneur himself. He founded a fashion brand and was one of the first to introduce online shopping in remote/rural parts of India. After this digitalization in the company, his company almost doubled its turnover and finally managed an acquisition in 2014.

His own startup journey taught him a number of valuable lessons, which is why he embarked on this journey to help others in a similar situation. Under his leadership, Stellar has worked on nearly 800 projects and helped companies in various industries including healthcare, real estate, technology, fintech, fashion, sports, energy, travel, marine , e-commerce, etc., to raise funds.

For more information, contact Stellar Business Plans at https://www.stellarbusinessplans.com/ at any time!

Neil S
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