A smartly-created business plan helps Dubai-based entrepreneurs work more smartly, stay more watchful for roadblocks, speed test new business ideas, and align expectations with investors and stakeholders.
In short, a smartly-crafted business plan is your roadmap. Without it, you are likely to get lost, sooner rather than later.
Thankfully, creating a business plan becomes an easier task if you make sure it has these 8 essential elements:
- Executive Summary
Because most readers won’t read even a line further if they don’t like what’s written in this section.
As a Dubai-based startup company, you can create an impressive executive summary by focusing on not only your experiences and background but also those of your partners, if you have any. Doing so will help you show your business’ underpinnings to the readers.
- Company Description
- Market Analysis
- Organization, Management
- Service/Product Line
- Sales and Marketing
- Funding Request
Mention the amount of money you need to launch your business, as well as information about how you’re going to generate returns (in case of investors) or repay the borrowed amount (in case of debt financing).
Whether you choose investors or debt financing, both would be interested in knowing how you plan to spend their money, as well as when you’ll be able to pay them back.
- Financial Projections
For more info about how to create accurate, powerful business plans for Dubai and UAE startups, get in touch with us and we will be more than happy to help you out!