Business Plan Development

Business Formation
November 16, 2018
Office Management
November 22, 2018

Business plan is the most important document before starting any business. A business plan could be written for different purposes and in different contexts. You should initially decide whether you want to use it simply as a guidebook to run or improve your start-up, to get the loan or entice investors, or to get the German residency under section 21 of the German immigration law.

Fortunately, we can provide you with the all 3 categories however it should be noted the structure and content for each category might be different in some sections. For example if you want to get the residency the business plan should meet the economical requirements of the region which might slightly or significantly violate the standards of a particular bank to grant you a loan.

That’s why it is very important for you and your service provider to initially understand to which organization you are willing to submit your business plan.

A through business plan should address the following sections:

What we want and expect from you is your involvement  in each phase of the development of your business plan in Germany. A good business plan is only developed when there is a  close interaction and understanding  between developers and the client. The business plan will be finished after several sessions.

A brief  version of a business plan should answer the following questions: 
  • Are you qualified enough to run your business and apply your idea ?
  • What requirements should you meet before you decide to run any business?
  • Are you able to get any public fund for your business idea and if so how?
  • What organizations can help you during the start-up process and after that?
  • How can you convey appropriately your competence in each section of your business plan?
  • What is your vision in business and how can you make them happen?
  • What are the philosophy and the ultimate objective of your business?
  • What is your product or service and why are customers benefit is the most important thing to consider in your business?
  • Is your product or service innovative enough?
  • How do you plan for the uniqueness of your product or service?
  • Who is your target customer?
  • What is the main need of your target customer?
  • How can you focus your high quality service on a limited number of customers?
  • Who are your competitors?
  • Why don’t you have to worry about your competitors?
  • How will your competitors and their strengths or weaknesses be analyzed?
  • Where is your business located and why?
  • How can you possibly compensate for any disadvantage of your business location?
  • How will  the market research for your product or service be made?
  • How much is the demand for your product or service?
  • How is your marketing plan developed and implemented?
  • How is your core business activity separated from other fields of duties?
  • How is your business success factor detected?
  • What are the opportunities and threats in your business and how can you develop an early warning system?
  • How can you cope with these opportunities and threats in your business?
  • What is the right legal format for your business and what are the financial aspects?
  • How will you manage the share proportion of your business with your partners or shareholders?

Above all this, this is not just volume and detail orientation of a business plan that matters. It is also very important to address the very specific requirements or perquisites of  of the authority to which we are writing your business plan.

Interestingly considering the fact that Germany is a federal country and has very different economical needs from one region and city to another, the content of your business plan for your very specific concept should be different for different cities if it is going to be developed for the purpose of immigration.

For example the chamber of commerce or the economy promotion organization of the city Hamburg might have different standards or requirements than its counterparts in the city Cologne and this is one of the very most typical mistakes that people make; They usually come up with one standard template of a business plan and they would try it for any cities that might be of your interest which in many cases might end up to rejection.

For more information and using our services to develop your business plan for your immigration services or your bank loans, you may contact us.

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