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Business Planner
Business Planner
BUSINESS PLANNER
BEBRIGHT.in
Welcome!
Welcome to my Starting a New Business Planner!
Are you thinking of starting a small business? Not sure if it is the right step for you? Worried
that you are not sure what all is involved?
This is the point of my planner. Before you take any major steps towards starting your business,
this planner will walk you through each stage. Obviously, not everything here will apply to your
particular business idea, but it will get you thinking about all the things you need to consider
before you make your final decision to proceed with a new venture.
The pages are not numbered, in case you wish to print a page more than once (such as the
competitor page) or there is a page here that does not apply to your business.
Remember to follow my Instagram the_ecomjet for weekly advice for your small
business.
Kunwar
Be Bright
WHAT’S THE IDEA
THE BUSINESS IDEA
BUSINESS WILL BE
m Solve a Current Problem m Help People Make Money m Fulfill a Physical Need
m Solve a Future Problem m Help Make People’s Life Easier m Fulfill an Emotional Need
m Help People Save Time m Make Everyday Tasks Less Unpleasant m Fulfill an Esteem Need
m Help People Save Money m Fulfill a Psychological Need m Fulfill an Educational Need
W H AT ’ S T H E P U R P O S E O F T H E B U S I N E S S & H O W W I L L YO U F U L F I L L T H I S P U R P O S E ?
1 S T Y E A R B U S I N E S S G O A L S Q U A N T I F Y
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S E RV I C E T Y P E
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L E G A L I T I E S TO CO N S I D E R
QUESTION YES NO
m Will you need special training and/or certification to offer these products and/or services? ?
L O C AT I O N / P L A C E S T H E Y S E L L T H E I R S T R E N G T H S / W H AT C U S T O M E R S L I K E
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T H E I R W E A K N E S S E S / W H AT C U S T O M E R S D I S L I K E W H AT I S U N I Q U E A B O U T T H E I R O F F E R I N G ?
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H OW A R E T H E Y P RO M OT I N G T H E I R B U S I N E S S ? A R E T H E Y D O I N G A N Y T H I N G YO U C A N ’ T ?
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W H AT A R E T H E I R T O P S E L L E R S ? A R E T H E Y TA R G E T I N G A N Y O N E Y O U A R E N ’ T ?
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W H AT I S T H E I R P R I C E R A N G E ?
G E N E R AT I O N % %
Gen X (1965-1981)
%
Gen Z (1997-2010)
End User / Consumer
Gen Alpha (2011+)
Other Businesses
E D U C AT I O N A L L E V E L
FREQUENCY
%
%
High School
Ye a r R o u n d
College Graduate
Seasonal
Po s t G r a d u a t e
Monthly
One Time
PROFESSIONS
% G E O G R A P H I C L O C AT I O N
% %
U n d e r ₹2 5 , 0 0 0 Facebook
₹2 5 , 0 0 0 - ₹5 0 , 0 0 0 P i n t e re s t
₹5 0 , 0 0 0 - ₹7 5 , 0 0 0 Tw i t t e r
₹7 5 , 0 0 0 - ₹1 0 0 , 0 0 0 Instagram
₹1 0 0 , 0 0 -₹1 5 0 , 0 0 Snapchat
₹1 5 0 , 0 0 - ₹2 0 0 , 0 0 Yo u Tu b e
₹2 0 0 , 0 0 0 + T i k To k
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W H AT A R E T H E I R PA I N P O I N T S Y O U A R E S O LV I N G ? S E C O N D A RY TA R G E T M A R K E T S
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# of Ove ral l Po t e n t ia l C u st o me rs
M A R K E T G R O W T H R AT E
₹ OR # % +/–
M a r ke t S i z e L a s t Ye a r
M a r ke t S i z e T h i s Ye a r
P ro j e c t e d M a r ke t S i z e N e x t Ye a r
MARKET TRENDS
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G E N E R AT I O N A L C U S T O M E R S I Z E
G E N E R AT I O N AGE U S P O P U L AT I O N
a H E L P F U L T I P :To find size of target market try local census data, market research studies online or use Google Keyword Planner to find
number of monthly searches for your type of business or product.
m Things Business Does Well m Better Than Competition m Internal Resources m Tangible Assets
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MY WEAKNESSES
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M Y O P P O RT U N I T I E S
m Untapped Market Niches m Lack of Competition m New or Emerging Needs m Already Established Audience
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M Y T H R E AT S
m New / Emerging Competitors m Political, Economic Changes m Changes in Buying Behavior m Technology
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T O P F E AT U R E S C U S T O M E R S WA N T T O P F E AT U R E S C O M P E T I T O R S H AV E
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C O L O R S , S I Z E S , M AT E R I A L S & O T H E R VA R I AT I O N S
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T O P F E AT U R E S C U S T O M E R S WA N T T O P F E AT U R E S C O M P E T I T O R S H AV E
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H OW P E O P L E A R E S E A RC H I N G F O R T H I S S E RV I C E
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D E L I V E R Y M E T H O D S & O T H E R VA R I AT I O N S
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P R O T O T Y P E C R E AT I O N
M AT E R I A L S N E E D E D COST
CO ST TO D E V E LO P P ROTOT Y P E ₹
W H AT T E S T E R S L I K E W H AT T E S T E R S D I D N ’ T L I K E
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C H A N G E S TO M A K E
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ONLINE OPTIONS
O T H E R WAY S T O S E L L
m Sell out of Home m Third Party Sales Force m Sales Agents & Affiliates
O P E R AT I N G H O U R S O P E R AT I N G M O N T H S
D AY HOURS MONTH D AT E S
M o n d ay January
Tu e s d a y Februar y
We d n e s d a y March
T h u r s d ay April
F r i d ay M ay
S a t u rd ay June
S u n d ay July
August
September
*Your products are rebranded by resellers.
October
**Companies add to your products and they resell.
***Sell a product that will be sued in another product only. November
December
Type of Space
Location
Monthly Rent
Monthly Utilities
Property Taxes
Maintenance Fees
Other Costs m m m
m m m
m m m
Renovations? m m m
m m m
m m m
TOTAL ₹ ₹ ₹
MONTHLY
COST
Pros m m m
m m m
m m m
m m m
Cons m m m
m m m
m m m
m m m
W H AT ’ S N E E D E D
m Zulily
m Vinted
D I G I TA L S E L L I N G S I T E S
WHOLESALERS
P R I VAT E L A B E L S
m Wrappily m Zodax
C O U R S E P L AT F O R M S
Monthly Fees: Tr a n s a c t i o n F e e s :
Popular Products Ty p e s o f P r o d u c t s N o t P e r m i t t e d t o S e l l
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What is Needed to Start Selling Here Marketing Ser vices They Provide
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Retail Space
Commercial Space
Office Space
Home Office
Industrial Space
Mobile Unit
Storage / Warehouse
Manufacturing Space
Manufacturers
Equipment
Kitchen Space
Suppliers
Supplies
Vehicles
Employees
Managers
Contractors
Professional Services
Special Technology
Permits
Certifications
Licenses
Insurance
Regulations
Phone
Internet
IT Security
Surveillance Security
Other:
Other:
S U B T O TA L S ₹ ₹
* T O TA L S TA R T U P E Q U I P M E N T C O S T S ₹
a HELPFUL TIPS
• Equipment is any type of machinery or item needed to produce the product or service.
• Tour a similar business to take note of their equipment as you will likely have the same needs.
• Sometimes buying an existing business is a better option if you also acquire their equipment in the purchase.
* Multiply total monthly costs by 3 and add to total one time costs.
* T O TA L S TA R T U P S U P P L I E S C O S T S ₹
a HELPFUL TIPS
• Supplies are any type of materials or items needed to create the product or service.
• Tour a similar business to take note of their supplies as you will have the same needs.
• Remember that the cost and availability of supplies can greatly impact your business.
TYPE YES NO M O N T H LY
COST**
General Liability
Professional Liability
Property
Commercial Vehicles
Medical
Disability
Other:
* T O TA L S TA R T U P I N S U R A N C E C O S T S ₹
TYPE YES NO M O N T H LY
COST**
Professional Licenses
Zoning Permit
Health Permit
Building Permit
Other:
* T O TA L S TA R T U P F E E S ₹
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SOCIAL MEDIA
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EMAIL / DIRECT MAIL
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CONTENT
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MARKETING /
BLOGGING
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PUBLICITY
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SEO
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BRANDING /
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PA C K A G I N G /
P RO D U C T
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OT H E R
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S U B T O TA L S ₹ ₹
* T O TA L S TA R T U P M A R K E T I N G C O S T S ₹
* Multiply total monthly costs by 3 and add to total one time costs.
Hourly Wage*
S E R V I C E S P R I C I N G C A L C U L AT O R
Hourly Wage* ₹
H O W W I L L Y O U G E T PA I D
a HELPFUL TIPS
• Is the price you calculated still competitive?
• Should you set a lower price than competitors strictly to get sales and market share?
• Should you set a high price to show exclusivity?
• Should you start high and gradually lower your prices?
• Should you offer products and services in various price points to appeal to all buyers?
• Are there other factors affecting the price you can charge (i.e. sales tax, free shipping etc.)
• Do you expect customers to pay immediately or you will have payment terms? If yes, what are the terms?
* The wage you are paying someone or the wage you wish for yourself if you are the labor source.
MY HOURS
W O R K D AY W O R K D AY H O U R S T O TA L H O U R S
S u n d ay
M o n d ay
Tu e s d a y
We d n e s d a y
T h u r s d ay
F r i d ay
S a t u rd ay
T O TA L H O U R S
a HELPFUL TIPS
• Will you need to write job descriptions?
• Where will you find potential employees and will it be difficult?
• Who will interview potential employees?
• Who will train employees?
• What benefits will you offer full time employees?
Supply Purchases
Product Development
Inventory
Marketing
Packaging
Shipping
Travel
Incorporation Fees
Legal Fees
Professional Services
Interest on Loans
Other:
Other:
Other:
Other:
Other:
Other:
Other:
Other:
T O TA L S TA R T U P F U N D S N E E D E D ₹
* In terms of rent and other monthly fees and costs, insert the monthly amount x 3, as start up costs should cover the first three months of
business, giving you time to bring in revenues.
m Loans from Family & Friends m Strategic Partner(s) m Barter with Other Businesses
F R I E N D S & F A M I LY
S T R AT E G I C PA R T N E R S
OT H E R
T O TA L ₹
H RS N E E D E D TO P RO D U C E : E S T. L A U N C H D AT E :
F I N A L F E AT U R E L I S T TECHNICAL SPECS
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OPTIONS R E Q U I R E D M AT E R I A L S
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P R O D U C T PA C K A G I N G S H I P P I N G PA C K A G I N G
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P R I C I N G I N F O R M AT I O N
M AT E R I A L LABOR SHIPPING OT H E R FINAL PROFIT
COSTS COSTS COSTS OVERHEAD PRICE MARGIN
# O F S TA F F N E E D E D : T I M E N E E D TO CO M P L E T E :
I N C LU D E D I N S E RV I C E O F F E R I N G TECHNICAL SPECS
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OPTIONS R E Q U I R E D P H Y S I C A L M AT E R I A L S
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D E L I V E RY M E T H O D S PHYSICAL COMPONENTS
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S E RV I C E N A M E PRICE
T O TA L S ₹ ₹ ₹ ₹
P RO D U C T / S E RV I C E E S T. % O F O V E R A L L S A L E S
a HELPFUL TIPS
• Is the name memorable?
• Is the name descriptive of the business?
• Does the name work internationally (if applicable)?
• Have you tested it with friends and family?
File Trademark Papers for Business Name Obtain Supplies and Materials
Apply for State /Provincial Taxes Set up Billing and Payment System
INFO & APPEARANCE (OR “EDIT SHOP”) Add a 5 to 15 second Product Video
Message to Buyers Set 4 Featured Products (Select Star Icon Beside Listing)
Rearrange Order of Listing in Store Front Back of Product Photos (if applicable)
Add Links to Social Media Sites, Blog & Website Send out Coupon Codes
Add Production Photos and/ or Videos Share Listings and Reviews on Social Media
F I N A L B U S I N E S S I N F O R M AT I O N
Le gal Structure : O f f i ci a l L a u n ch D a t e :
Be sure to follow my Instagram to get the latest insider tips and advice as well as special
offers on my products & services.
Kunwar
Gail
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