Welcome to the Business Plan Application! This tool helps you create a comprehensive and personalized business plan for your project or company, whether you are seeking funding, learning, or preparing for academic or professional purposes. Powered by artificial intelligence (AI), the application generates professional business plans based on the information you provide. This manual will guide you through the preparation process and provide a template to collect all necessary data before starting.
Each generated business plan counts toward your account's plan generation limit. Ensure you have all required information ready to make the most of each submission. Download the PDF version for offline reference.
Preparation Guide
Before starting the Business Plan Application, gather all relevant information about your project or company. The application consists of eight forms, each collecting specific details about your business, target audience, products/services, team, investments, and financial projections. Preparing your responses in advance will streamline the process and ensure accuracy.
Key Preparation Tips
Understand Your Business/Project: Clearly define whether it is a new or existing venture, its purpose, and your objectives.
Know Your Audience: Identify your target customer groups and their income levels.
Detail Your Offerings: List your products or services, including descriptions and projected sales for the first year.
Identify Key People: Collect information about the key individuals involved, including their roles and experience.
Plan Your Investments: Determine initial investment items (e.g., equipment) and intangible assets (e.g., licenses, trademarks), along with their costs.
Gather Contact Information: Prepare contact details and a logo (if applicable) for branding.
Review the Template: Use the provided template to organize your responses before entering them into the application.
Understand the AI Process: The application uses AI to craft your business plan, ensuring a professional output based on your data.
Plan Generation Limit: Each time you click "Generate Business Plan" in Form 8, it consumes one of your account's limited plan generations. Verify your data before generating to avoid wasting a submission.
Application Overview
The application is divided into eight forms, each focused on a specific aspect of your business plan:
Form 1: Building your plan (business status, purpose, language).
Form 2: Business plan details (name, description, employees, offerings, contact information).
Form 3: Target audience details (customer groups, objectives).
Form 4: Product and/or service details (names, descriptions, sales projections).
Form 5: Success drivers and team (key drivers, weaknesses, key people).
Form 6: Initial investment and currency (investment items, intangible assets).
Form 7: Financial details (revenue, costs, financing, data for financial reports).
Form 8: Summary and plan generation (review and generation of the AI-crafted plan).
Each form includes mandatory and optional fields. Mandatory fields must be completed to proceed, while optional fields enhance the plan's detail.
Template for Collecting Information
Use the following template to prepare your responses before starting the application. This template mirrors the questions you will encounter in the forms, ensuring you have all necessary data ready. Save your responses in a document or print this template for easy reference.
Form 1: Building Your Plan
Business/Project Status
Is this an existing business/project or a new one?
Loan Interest Rate (% per year): ________ (e.g., 5.5; optional if known)
Forecast Period
Years to Forecast: 5 10
Annual Operating Costs (% of revenue or investment; adjust or keep defaults)
Cost of Goods Sold (COGS): ________ %
Salaries and Benefits: ________ %
Marketing: ________ %
Rental: ________ %
General and Administrative: ________ %
Depreciation: ________ % of investment items (Note: Applies only to investment items, not intangibles)
Utilities: ________ %
Other Expenses: ________ %
Taxes: ________ %
Interest: ________ (Auto-calculated)
Financial Report Data
Initial Inventory (days): ________ (e.g., 30)
Accounts Receivable Days: ________ (e.g., 30)
Inventory Days: ________ (e.g., 30)
Accounts Payable Days: ________ (e.g., 30)
Minimum Cash Balance ($): ________ (e.g., 5000)
Form 8: Ready to Generate the Plan
Review the summary of all entered data.
Go back to any form to make changes if needed.
Click "Generate Business Plan" to create your AI-crafted business plan.
Note: Generating a plan consumes one of your account's limited plan generations. Ensure all data is accurate before proceeding.
How to Use the Application
Log In: Access the Business Plan Application with your account credentials.
Prepare Data: Use the template above to gather and organize all required information.
Complete Forms: Navigate through Forms 1–8, entering the data from your template.
Complete all mandatory fields (marked as "required").
Add optional fields for a more detailed plan.
Use the "Add" or "Remove" buttons for dynamic sections (e.g., products, investment items, people).
Review Summary (Form 8): Check the summary for accuracy. Edit any form if needed by navigating back.
Generate Plan: Click "Generate Business Plan" to create your AI-generated business plan.
This step consumes one plan generation from your account's limit.
Download/Review: Once generated, download or review your business plan. Save a copy for your records.
Track Generations: Monitor your remaining plan generations in your account settings to avoid exceeding your limit.
Tips for Success
Be Specific: Provide clear, detailed responses to ensure the AI generates an accurate and professional plan.
Verify Financial Data: Confirm revenue projections, investment amounts, and cost percentages for realistic forecasts.
Use Realistic Data: Base your inputs on market research or existing business data for credible projections.
Save Progress: If the application allows, save your progress to avoid losing data.
Contact Support: If you encounter issues, contact support for assistance with the application or your plan generation limit.
FAQs
What happens if I don't have all the data?
Complete all mandatory fields to proceed. For optional fields, enter “N/A” or leave them blank if the data is unavailable. However, providing more details improves the plan's quality.
How does the AI work?
The AI analyzes your inputs to create a structured, professional business plan, incorporating financial projections and narrative content based on best practices.
What if I exceed my plan generation limit?
You'll need to contact support or upgrade your account to generate additional plans.
Can I edit my plan after generating it?
You can revise your inputs in the application and generate a new plan, but each generation counts toward your limit. Note that each attempt may display different information, as the AI can generate varied outputs each time.
Conclusion
By preparing thoroughly and using the provided template, you can efficiently create a high-quality business plan with the Business Plan Application. The AI-driven process ensures your plan is professional and tailored to your needs, whether for funding, learning, or reference. Organize your data, review carefully, and generate your plan with confidence.
For further assistance, refer to the application's help section or contact our support team at sales@bedigitalworks.com.