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Options and Tips for Creating a Web Design Business Plan
Don’t get too intimidated by writing a web design business plan, a lot of it just means getting down onto paper things you likely have been considering anyway. According to Entrepreneur “Writing…
Estimated Read Time: 40 minutes
![sample business plan for web development company eau claire seo](https://hookagency.com/wp-content/uploads/2021/07/cleveland-web-design-e1625670682513-700x622.jpeg)
Don’t get too intimidated by writing a web design business plan , a lot of it just means getting down onto paper things you likely have been considering anyway. According to Entrepreneur “Writing out your business plan forces you to review everything at once: your value proposition, marketing assumptions, operations plan, financial plan and staffing plan.”
If I can do it – and go from 1 to 10 people in three years, you can too 😉 My wife will tell you… I’m no genius.
![sample business plan for web development company Web Design Business Plan](https://hookagency.com/wp-content/uploads/2015/07/web-design-business-plan1.jpg)
Table of Contents
Main Points in a Web Design Business Plan Outline:
1. business concept –.
What is the web design industry like in your immediate area and region? What are the high-level possibilities for the success of your web design business? What are the prime differentiating factors and how you will set yourself apart from the competition?
2. Who is the market for your web design firm?
Who are your customers? Are you serving only mid-sized businesses? Only editorial publications? Churches? Non-profits? Teenie tiny mom and pop shops? Fortune 500 companies? What niche are you looking to serve? What is the demand like for the service? And this leads us into our next question.. What does your pricing need to look like to serve these customers? And it’s not always getting your price down into affordability; maybe you need to price higher so that your company seems more professional and that you can offer above and beyond service. “Price high and justify.”
3. Income and Cash Flow Statement, Balance Sheet etc.
“Start by estimating the revenues generated by an average sale. Then subtract the costs that change with each transaction, like sales commissions and costs of producing the products sold. The result is your “unit contribution.” Next, predict your monthly overhead, or expenses that don’t vary directly with sales volume, such as rent, salaries, utilities, legal fees, and accounting expenses. Finally, divide your monthly overhead by your unit contribution. That number will tell you how many transactions you’ll need per month to break-even.” From this article on Inc. of The Basics of a Business Plan by the Numbers.
Get started with this One Page Web Design Business Plan
General Principles for writing a Web Design Business Plan:
1. Keep your business plan short and simple.
Go for it right now with this One Page Web Design Business Plan .
2. Use visual charts to quickly show key numbers.
3. Do what you do best, and make it look professional.
4. Ask key questions like what will be it’s annual revenue in a year, and in 5 years.
5. What things can I delegate? Sales, Technical or others? How will you attract these people to help, and what will be your key differentiators of process and culture?
6. Is the business plan going to help you raise money?
7. How much of an initial investment will the business need?
Tools for Creating a Business Plan:
1. LivePlan.com – Visual planning tool, helpful if you really don’t know where to start. It will give you the sections and the template is already there.
2. The Art of The Start 2.0 (Book by Guy Kawasaki) – “It’s most relevant for technology or IT companies, but he has a way of writing that’s very clear, very to the point. There’s not a lot of pedantic info that you’ll find in textbooks.”
3. Score – Business Planning Templates – Quickly assess your marketing plan, Free business listing list for search engine optimization, Marketing must haves etc.
Thank you for reading! Share the love. 🙂
Keep the content coming, by tweeting this.
Other Links related to Web Design Plans:
- Web Design Sample Business Plan – Executive Summary
- 9 Steps to starting your freelance web design business – Business Tuts
- Plan a Web Development Business Part Two- BPlans
- How to Make a Business Plan for a Website Development Startup – Color Whistle
Getting Your First Web Design Clients
My first web design client was my future mother-in-law, a real doozie. A non-profit, I was paid $500 and an iPad. I’ve also been paid as little as – negative $ for making a website, because I was so eager for real world experience. Do you want a website? I want to give you one.. just let me pay for your hosting and I’ll make the website out of the salt from the sweat of my children.
Don’t sell yourself short. Charge a decent amount.
So the first real website I sold was a couple months later. I was just learning WordPress and I sold a site for 10 monthly payments of $250 dollars. Because it was a fairly simple marketing website and didn’t have a ton of custom features on it, this was actually a pretty solid deal for a starting out web designer.
The first half of selling yourself as a web designer is evidence. Let’s see the goods.
Make sure you have a decent portfolio out there, that you made yourself..
I don’t care if it’s on WordPress, straight HTML, or Ruby on Rails. Get that thing out in the open, give it the best you got and make sure it shows the best of your best work. Code up a non-profit’s website for free if you have to, and show as many real projects as you possibly can. I iterated on my website 3 times, with 2 live at my domain before I ever got my first real set of clients. It doesn’t need to be perfect, it just needs to exist.
Here’s my site I made in 2012 (click here to see it in the Internet Wayback Machine):
![sample business plan for web development company Getting your first Web Design Client](https://hookagency.com/wp-content/uploads/2015/07/Screen-Shot-2015-07-10-at-7.54.16-PM-1024x601.jpg)
Here’s the site in 2013 (click here to see it in the Internet Wayback Machine):
![sample business plan for web development company Anthology of my website design](https://hookagency.com/wp-content/uploads/2015/07/Screen-Shot-2015-07-10-at-7.58.32-PM-1024x546.jpg)
Yes.. I agree my portfolio was a little weak at this point, but guess what? I was getting clients. I wasn’t by any means, raking them in, but people I knew were coming to me and asking if I could help with their website or help them make a new website. I was eager to be of service, and make enough money to stop bussing tables.
Let the world know you’re making websites now.
Change your job on Facebook to ‘Self Employed Web Designer’, change your LinkedIn – don’t put Aspiring Web Designer in your Twitter profile, put Web Designer. You’re a big boy (or girl) now. I personally took a good hard running jump at web design, and with one client and one month covered in expenses jumped out into the market as a web designer. No more restaurant job (which for me didn’t pay THAT well anyways.) When people hear that’s what you do, and you take a friendly and helpful attitude when they reach out, or you offer your services you can quickly earn some awareness around the new service you offer.
Don’t wait until you have it perfected, just go for it.
I’m not suggesting you make the new 3M website, or try to sell yourself as a ten year veteran of website design. You can, however, say you will go above and beyond for a client as you are starting out fresh and will do everything in your power to make them an excellent website. If you’ve created a couple of examples, then that can help adjust expectations and although you may need to put ungodly amounts of time into your first couple websites you will earn your chops in the struggle. You’ll figure out how to z-index a logo over the top of overlapping nav div.
In defense of the designer-developer.
Yes, I’m suggesting you will have to write code. Can you sell a website for $2,500 dollars and give half of it away to a front-end developer when you’re starting out? Perhaps, perhaps not. I personally couldn’t, and so… I learned to code. Basics at first, how to modify WordPress themes ever so slightly with CSS. Then cutting and splicing bits of PHP, then eventually writing my own themes from scratch. This is why I suggest having a couple of websites under your belt before really having someone pay you for your web design services; you can find the rhythm that works for you. If you are an epic visual designer who can confidently charge $5,000 for your first website you could potentially find the right person to develop it for you and you can pay them adequately to make it good. It’s really to each is own, because I preach design/development, and you have an equally right person 2 doors down who wouldn’t touch a CMS to save his life. Literally … my old neighbor above me would sell sites for 7-8k and I thought he was an internet god. He would write the HTML, CSS, and Javascript (In Dreamweaver, hello throwback,) and then outsource custom Content Management System development for 2k. I just wanted to learn how to not pay that 2k .
Other ways to promote your new web design business
- Look for ways to trade your services for advertising : I sold my services in an auction by a Minneapolis newspaper in exchange for adspace in their lifestyle magazine VitaMN.
- Get every viable social media handle/url under the name you’re using to freelance , promote yourself vigorously on TWO of these, and understand you’re not going to do ALL of them well .
- Make a list of all the acquaintances who have small businesses, and that could use a website. Send them a quick note, and always be of the mind that you’re there to be of service – not sell.
- Go old school and create a flyer : I put boots on the ground and peddled my wares (a one page services sheet – without pricing on it) around every business that I could open the door to in my area of Uptown Minnesota. I focused on what I did that was different. Alot of times this is personal service, since you likely have less clients and more time and attention than alot of web design shops in town. – To be perfectly honest, this didn’t get me a client. Maybe what I’m really suggesting here is hustling your ass off and being as present as possible… take every opportunity to share what you do until you gain momentum.
- Put out content on a blog on your website and promote it on social media : Don’t sell dude. Don’t do it. You can still see my oldest posts on this blog that are salesy… it’s not going to kill your blog, but it’s really boring and no-one wants to read those. Just give as much value as you can, share your experiences and focus on the ONE SERVICE you are really trying to sell and things you’re learning in that discipline. Use it as an opportunity to dig deeper into your craft, and to share as you go.
Price High and Justify
After you promote the living shit out of yourself on social media, talk to your long lost friend with a supplement or house painting business, and make a few mistakes it’s time to price high and justify . You have to charge what people will pay, but as soon as you can push that number up as high as it can reasonably go. Why? If you have high prices it means you can make more excellent work! Justify the price with above and beyond service and you’ll feel great about what you do. Your work will mean more profitable businesses that benefit from the excellent websites you make. It feels good to help people feed their families by helping them get the word out about what makes their business special. And in the end, that’s what it boils down to for me.
Make Sure Your Process Differentiates You from Competitors
![sample business plan for web development company 5 Key differentiating features of my web design process](https://hookagency.com/wp-content/uploads/2015/07/5-key-differentiating-features-of-my-web-design-process-1024x579.jpg)
It’s important to recognize what your business’s competitive advantage is, and unless you want to build a business that depends upon what’s special about YOU as an individual you have to draw out and nurture the special things about your process. To focus on your own unique specialties alone builds a prison fortress around you, and if you ever want to hire or contract out parts of the business you’re stuck with a business that only works with you sweating away at the center of it; the wizard behind the curtain, slowly getting too tired to perform at the same level.
So for me the key pieces of my web design process as I am learning to define them are:
1. responsiveness to changes that clients need..
– Example: Client asks for a lighter color scheme in development, instead of fretting we work hard to satisfy the request and push back when appropriate to keep within a reasonable budget.
Key to fulfilling: Web design services should not be dirt cheap, and if they are they aren’t taking into consideration the time it takes to build something fully customized for the business’s needs. Templated solutions get generic unfulfilling results. (However, I still feel that for some customers templated solutions such as Squarespace.com and WordPress Themes from Themeforest without custom code can occasionally fulfill their needs and suggest that they try those routes if their budget doesn’t allow to really hire someone to do it right.)
2. Examining the overall market for the client and tailoring the content on the site to the scenarios that could be useful to their favorite kinds of clients.
– Example: Your site is serving people who just suffered hail damage to their home, we assess that a key to surprising and delighting these types of customers is serving up content that is about how to buff out hail damage on their car.
Key to fulfilling: It’s crucial we think about the psychology of the people coming into the site. This is the number one question we ask when making a website: “how can we serve your ideal customer with this content, this imagery, the messages we’re sharing and the story we’re telling.”
3. Building out the main service pages of the website in the hope that the content will attract new customers, making key items like ‘contact us’ and ‘buy now’ super easy to access on the main promos, sidebars, and at the end of content.
– Example: Adding bigger content pieces after key visual blocks on service pages so that the service page is indexable by Google and people who want to really dig into what you have that option. Big old juicy buttons that say “Contact us now” or “Request a quote” are super obvious and surrounded by trust factors such as positive testimonials, industry badges, a phone number, or 3 key differentiating features in bullet points.
Keys to fulfilling: It’s important not only to think about how people are going to perceive this site when they get there but how they are going to get there in the first place. By thinking about big content pieces that could provide big value for the client during the design process, the website can be built in a way that emphasizes and makes those big content pieces that are serving a real need available and to the forefront of the site with menu structure, and other pieces of navigation and structure.
4. Imagery is outside the box, and elicits a positive emotional response from key individuals your business is targeting.
– Example: A Death to Stock Photo image that feels less stock photo-esque and more candid than most stock photos.
![sample business plan for web development company DTS002](https://hookagency.com/wp-content/uploads/2015/07/DTS002-1024x682.jpg)
Even better, you and your storefront, your set of tools. An ACTUAL satisfied client, smiling and holding your product or enjoying your work.
Keys to fulfilling: Often this involves imagining what a positive interaction between your business and your client will look like. Is it you sitting with them, them smiling, and a chart of upward momentum on the computer screen in front of you? Is it freshly cut grass without them lifting a finger, so they get to smile and sip fresh lemonade on their porch? This is the story we want to display. We want the imagery to feel candid, real and maybe even a bit unusual. But a visitor should be able to see it and think to themselves, I want to be there. They should be able to imagine themselves in the place of the person pictured on the site.
5. The copy is written in a way that quickly explains the core benefit/value from your product or service, invites the visitor to participate, and explains why it will be awesome for them.
– Example: A moving company could say “Your back will thank you, call us for a custom quote today.” A remodeling company could say, “You’ll feel as good as your home will look.” with a call to action button that says, “Get a quote for a fresh look.”
Keys to fulfilling: Never be generic! Shake out the cobwebs in your marketing brain right now. Seriously, every single product or service has a unique and special story behind it, and the customers you serve need to know why anyone would choose you . Why have they in the past? I speak to the business owners and people representing businesses in their marketing teams, and I ask: “Tell me the story of positive customer experience, that you’re aware of.” What does that look like. Tell that story on the site. The more you get curious about these stories and the core benefit a product or service is providing, very few things are truly boring. The more you get interested in the story of the product or service, and tell that positive experience story the more you’ll see that almost anything can be interesting.
And the moral of the story is:
As you can see, the key differentiating features of this design process is a personal connection, customizing the solution to the industry and those specific businesses prime differentiating features, and enthusiasm. That enthusiasm through every piece of the puzzle is crucial. It’s important to note at every step of the process that this is for a business composed of REAL PEOPLE, whose food and shelter depends on telling the story to the world, and REAL PEOPLE who benefit from the product or service being served. This is the real end value. So anyone I work with, or for feels that: the enthusiasm and the genuine intent to provide value. This is key to this design process.
How to Speak About Design to Establish Trust
![sample business plan for web development company How to Talk about Design to Establish Trust](https://hookagency.com/wp-content/uploads/2015/07/how-to-talk-about-design-to-establish-trust.png)
“I thought you might like the flourishes in the header, it has that bohemian, natural feeling you were talking about when we first met up to discuss the project.” = FIRE ME . “Thought you might like,” “Going for that feeling,” and “I was inspired to take a fun direction,” all scream of whimsical dainty little artist types who could literally die from the harsh realities of designing for real economic pressures. The real economic reality is that families food and shelter depends on the success of a business, and a key component of how a business does is how that business presents itself to the world through design.
I’m not saying you can’t feel a feeling and apply it to your work in design, but design isn’t art. It is meant to solve real world problems. So instead of focusing on your feelings while presenting to the client, focus on design principles, web design best practices, and the persona’s and scenario’s you established during your discovery phase. Focus the conversation around:
- Design Principles
- Web Design best practices
- Persona’s and scenario’s
Why do design principles even matter?
I’ve had a couple situations lately, where someone seems to be questioning why a font choice even matters. They rolled their eyes when I mentioned a study that called Baskerville the most trusted font. It got me thinking. How am I presenting this wrong? Because I know in my heart of hearts that design matters. <- FIRE ME, but I can’t seem to always make it dead obvious to people I’m presenting work to.
I want to show them two ads side by side, one with high quality fonts that were chosen with serious intention and one with quickly chosen free fonts , and ask them which of them makes the product they represent seem more expensive, or which one makes the product seem more quality. Because good design does indeed represent products and services in a better light, and makes them seem more high quality. You know that, and I know that, but:
But how do we make the value of design dead obvious?
1. Resolve to help them find solutions to pain points. – Your website looks like shit on mobile, let’s fix that. Your logo has gradients and shadows in it to the point it’s hard to use on shirts and in other simple ways. Let’s address those and work from there how design can help solve problems you’re aware of now. Maybe it expands from there; as a designer, you’re a problem solver and the more you can identify and come up with creative and solid solutions for, the more design solutions you get to get paid for.
2. Dive into their world and become aware of what they value. – For web design you might realize the client cares more about looking cool than contact form submissions. You might realize they value their relationship with their family deeply, that a certain type of customer is their favorite . Once we realize what they care about deeply… pause pause pause …we can help them communicate those values through the design. By diving in, visiting their shop, asking a lot of questions, and being present we can then better let them know how good design will help them do that.
3. Focus on the things they do understand like ‘Trust factors’, ‘color psychology’ and ‘telling the story.’ – ‘We have to tell the story of your business better,’ is going to resonate with some people better than my fascination with the font Baskerville. Even though I deeply care about typography, it’s just not always as accessible of a topic, or as interesting to clients. What they do understand is how adding a Better Business Bureau badge next to the contact form will help increase the likelihood of people contacting them, and how blue is associated with trust and how green get’s associated with natural, fresh, or innovative. This really depends on the particular client, as some clients can go deep without a lot of prep.
Let’s circle back for a bit and make sure you’re working with the right kind of client:
The client defines the value and the designer discovers it. Ask the client what their business or organization does and why is it important to their target audience. If they don’t give you a quick comprehensible answer they are not ready to work with a designer or an agency. If they do answer the question you should next ask them what success looks like and what their goals are. DO NOT lead them toward what you think success might be. Let them define it.
When you get their feedback, dig deeper. A good way to do this is by asking who their target audience is and what their target audience needs are. If they can’t answer this they are not ready for the value a designer or an agency will provide. The client needs to have experience communicating with their target audience in order to set proper goals. If there’s no goal, how will you know whether or not a project is successful? Here are some red flags to look out for in the beginning stages of communicating with a potential client. I asked a fellow designer, Brenna French to share some thoughts on this issue:
“You sit down at a coffee shop excited to talk to a potential client about the project and the first thing they say is, I want to build a website how much would that be? This is a red flag because this means their mindset is already focused on getting a deal and not on the value you can provide for their business or their target audience.
This goes both ways in the relationship by the way, you never want to position the project or conversation around money. If you talk about money right away this shows the client that you are money hungry or desperate for work. Remember you are a professional and you are serious about your work and the value you can provide. Positioning the conversation around value sets the tone for the whole relationship in a positive way.
Say you get past that money conversation and everything is going well so far so you start talking about the project. The client starts to explain that they are wanting a one-page website design and they also want the main colors to be blue and orange because to them those are beautiful colors, oh yeah they also want a picture of themselves in the main header. This is a red flag because they have too many ideas of what they are visually wanting the end product to look like.
As a design professional, I don’t want to execute the client’s wants in mind. I design the best possible solution for the client’s target audience so the client will reach their business goals. From my experience, a client that has a specific visual direction is difficult to work with. Position the conversation around value. By the end of the conversation, you both are excited to get started. You set clear expectations and attracted the client by positioning the conversation around value.”
– Brenna French
Ask these questions of new possible clients: Is the client sure of their target audience?
Is the client aware of their target audience’s needs?
Are they able to answer right away, what is it that you do and why is it important to your target audience?
Do they start talking about their budget right away? (If they do it might be a red flag – try to change the conversation to talk about value that you’ll provide, not an arbitrary number you come with on the fly without fully understanding the project.)
Do they give off the impression that they understand you’re the expert, that they understand that are only responsible for Content – and Business Goals?
Do they have alot of ideas already about how the website should look? – A possible red flag.
That last one is challenging, and occasionally working for small businesses it’s important to kindly educate your clients on what is your responsibility and what is yours. But needless to say, if they come out of the gate giving strong layout suggestions and explaining their specific vision for look and feel you’re being pigeon-holed into the position of technician implementing someone else’s design, not the dynamic problem-solving designer.
Ways to talk and words to use
Talk confidently and make sure to include examples of previous work where you solved a specific goal-oriented problem. Now is the time to ask what their primary objective is, and to set up a metric for the design you’re working on currently. 100 e-mail list subscriptions, 15 contact form submissions by legitimate prospects, 20 sales the first three months of launch. Make specific goals have a date attached to them. Gathering this information after the design should be part of what you’re being paid to do, and part of what you’re selling.
Do user testing on the old site when they come in, if it’s worth testing. Talk about testing critical things. Words and phrases to use: research, effective, goals, trust-worthy, tell your story, appeal to your core demographic. Always do research on their industry before getting into the site design. Their competitors, and brand positioning. By doing this you better understand what they are up against and you position yourself as the expert with a unique understanding of their dilemma. This is another reason to hold off giving a price for the work until you fully understand the problem at hand.
Share research. You don’t always have to have it on hand when you are discussing a particular issue. But you should do your due diligence, if they want a pop-up newsletter subscription box then you should be able to go find the research on which way of doing that is most effective (right away, timed, or exit intent,) or general tips on making a pop-up effective. I find it especially effective to share these bits of research right before you show the design at all. Come up with three pieces of research to support points that might be contentious or that push their comfort level on the design. Share them briefly before going over the design.
When you get into showing the design, avoid the real estate tour; ‘here’s the logo,’ ‘here’s the nav,’ etc. Go straight for the heart of why the design serves their goals. Talk about flow and conversions, and especially focus on how the design presents their story in a unique and compelling way to appeal to their core demographic. Never ask for feedback, ask if they have any questions. In this way, you can further ingrain yourself in their mind as an expert. I think of it as a bit of swagger. Humble swagger, but you have to have some swagger in this industry.
Content Strategy for Web Designers to Attract Ideal Customers
Devising a workable and effective content strategy can be difficult for any company or brand, as the needs and desires of readers, clients, and businesses always vary from individual to individual, and from day to day. With a bit of work and the following content strategy guide to get you started, you should be well on your way to developing a stellar web design content strategy ! The most important part is that you start, and these practical and actionable strategies will help you get your ass in gear.
Begin with an Introspective Evaluation
Before taking that first step down the road of content creation, the best tactic is to initially spend some time to evaluate where your company, your content, and your brand currently stand. Begin this evaluation by honestly answering a few simple questions:
How is our brand currently perceived in the marketplace?
What are good and bad aspects of the brand’s existing content?
What content-related goals would we like to achieve?
How does our brand match up to other web design competitors?
With these basic questions answered about your brand and where your company currently stands, you can move onto an overall content strategy design by answering “The Five Ws”:
Who is the audience of our content?
When should particular content be available?
Where (in which channels) should the content exist?
Why is the content relevant (or) why will the audience care?
What is the message or purpose of the content?
For example, throughout this article I’ll illustrate examples with a fictional up-and-coming web design firm called Green Lemon Design. The Green Lemon team — who are looking to establish themselves in the web design market as a talented, young, and energetic choice for lower to mid-tier web designs — might answer these questions in the following (simplified) form:
Potential clients: Users seeking low- to mid-range website design and consultation services.
Existing clients: Users who have worked with us in the past.
Most content on the website should be available 24/7, while content that is time-sensitive (such as a month-long new client special deal) can be temporary.
Onsite, Blog, Email, Twitter, Facebook
The audience should be seeking professional and affordable web design services that we can offer (for potential customers) or additional customer support and services (for existing clients).
To inform and educate our audience on the skills and capabilities of our brand, to impress with our past successes and portfolio, and to establish good rapport and relationships with both potential and existing clients.
Establishing Brand, Voice, and Tone Guidelines
With the basic questions answered that inform you of a need to change your content strategy , now is a good time to evaluate the brand, voice, and tone guidelines you’ll utilize throughout the content.
Brand guidelines can cover logo design to color pallette and everything in between. For content strategy , the best places to start are:
Fonts and typefaces : What fonts will be used throughout the content? How about sizes for various elements (paragraphs, headers, testimonials, etc)?
![sample business plan for web development company Web Design Business Content Strategy - Typography Standards](https://hookagency.com/wp-content/uploads/2015/07/example-typography-standards-web-design-content-strategy.jpg)
Colors and palettes : What colors best suit your brand or company and can be utilized throughout the content? – Example above includes a distinctive color palette that could be applied to other elements.
Images and logos : Which particular static images or logos should be prominent throughout the content? – It’s useful to repeat symbols such as the ‘greenish lemon’ throughout this piece. This may be particular to the content you put out on your site in general, or a particular blog post or content hub.
Videos and animations : As above, are there any video clips that should be frequent or readily available somewhere in the content?
Voice & Tone
Determine early in the process what kind of voice and tone you wish to attach to your content and thus associate with your brand. This can be difficult at first, particularly without much in the way of experienced writers on staff, but finding an appropriate voice can be a huge boon to your content strategy as a whole.
For example, Green Lemon Web Design may elect to take on a very informal, even humorous tone throughout their content. As a young and fresh company, they may feel most comfortable keeping their tone light-hearted and fun, to attract the business and clientele of smaller, younger companies like themselves.
Onsite Content: The Bread of Your Content Strategy Sandwich
Time to get down to the real core of your content strategy by first devising the outline of content that should exist onsite. Remember, anything that exists on the company or brand website (with the exception of the blog) is considered onsite content and should be under your complete control.
For our fictitious Green Lemon Web Design, the outline for onsite content strategy might include the following sections:
Voice & Tone : Errors/alerts, testimonials, FAQ, portfolio should have a fun and humorous tone, while a more serious, business tone is necessary for transactional and billing-related messages.
Images : In addition to the logo and color palette established previously, we’d like some professional photography to splash through the core onsite pages (about us, contact us, etc), but with a refreshing twist: Each photo should contain a small green lemon strategically placed and tucked somewhere in the graphic, to bring a branded element into the design for brand awareness and maximum impact.
Portfolio : A list of clients we’ve assisted in the past with small testimonials from business partners from each when relevant.
About Us : Details about how Green Lemon came to be, including headshots of all employees with short, fun bios from each. Employees must provide a quote (think high school graduation yearbook quote, or ask a curious question to get your team showing their true colors.) In my experience looking at analytics for a lot of sites, people visit these pages more than you might initially think. It make sense, because we want to know about the people in your business. Tell us more, give us the inside scoop, tell your story.
Contact Us/Get a Quote : Standard form with name, email, and (optional) telephone fields for potential clients to get in touch. Should we include our company promise to establish return correspondence within 4 hours?
FAQ : Answer basic questions, primarily focused at potential customers. What is our typical turnaround time? What post-design support can we offer? Include a handful of fun and humorous questions at the end as well.
Services : Describe all services we offer, broken into categories (consultation, marketing, technology, industries, etc).
Errors & Alerts : 404 error should be squeezed green lemon with one final drop of juice falling out. Logged in clients with unread messages or invoices should see amusing flash message on each screen until dismissed. Little alerts and responses to contact form inquiries can be an opportunity to show a bit of the companies friendly, human character as well as display being adept with technology and attention to detail.
Blog Posts: That’s the Good Stuff
While strong onsite content is of course critical to the success of any strategy, very often the real meat and potatoes of your online presence is contained within the blog. The blog offers an avenue for expressing ideas and sharing content that is timely, relevant, and inspirational for the audience.
A blog is also a more appropriate channel to take risks — even slight ones — with the content your brand produces. Blog content can be anything from industry news and competitor-vs.-self comparisons to tutorials and how-to guides.
A successful blog is a channel for content that relates to the brand or company, but then extends well beyond the purview of the brand to provide relevant and interesting content for the audience to consume.
Don’t get caught in the old-school idea of a blog, where one or a handful of curators post personal stories and anecdotes. While that type of content is certainly acceptable and sometimes appropriate to a modern blog, try to expand the content well outside the bounds of that traditionally small umbrella.
For example, Green Lemon might highlight some potential blog ideas for their new web designer content strategy :
Leveraging Influencers
A post discussing highly influential creatives in the design space and how they have inspired Green Lemon and other designers. We should emphasize the great projects these creatives have worked on over the years to entice our readers by illustrating how Green Lemon understands the industry and that our team (or freelancer) strives to meet the same standards of excellence.
Discuss the importance of social media contact, even amongst these influences, by tagging them on Twitter with a link to the blog post. An ideal tactic is not to directly ask a question of the power user in question, but to ask a question of our general Twitter audience (e.g. “Designers: How has @Influencer inspired you in your own projects? #GreenLemonDreaming”).
Content Hub Posts
Posts that emphasize a highly-curated and relevant series of links and posts found elsewhere that relate to a particular topic, such as web design. Since a popular group of articles gathered in this singular “content hub”-style post will drive a lot of SEO traffic and referral linkbacks to our site, we can be confident that the effort in putting together these posts is worthwhile and will generate a great deal of buzz and traffic for Green Lemon.
Emphasizing Keywords
As a relatively new company, we cannot be afraid to try emphasizing localized keywords to drive interest and traffic to Green Lemon and bring in potential clients.
A great technique is to create a series of blog posts that highlight particular keywords and heavily focus the relevant aspects of the content on those keywords.
To drive localized traffic we can start with “Web Design in Minneapolis” and “Web Design in Minnesota,” which should feature some location-specific content mixed into the standard information. This can be as simple as pictures or mentions of local attractions in the city or state that residents of these areas who read the article will relate to.
Conversely, we’ll need more broad language and images to accompany our post about “WordPress Web Design,” which should shy away from localized content but instead contain information solely about the techniques and technologies (CMS organization, colors/typefaces, content release schedule, etc).
Inactivity is a Death Sentence
While the initial questions and answers when getting started in the content strategy process as seen above might seem at first to provide only a very rudimentary insight the steps to implement a strategy, there is one key lesson to learn when it comes to anything related to content: Don’t get bogged down by the minutiae and thus never take action .
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The biggest mistake anyone can make when it comes to content strategy is to be too passive, to over-assess and over-plan to the point of inaction. Particularly in the online space — where content moves at the speed of light (both figuratively and literally) — failing to act at all on a new content strategy is far worse than taking action and modifying or adjusting the content strategy plan as you learn and grow along the way.
That’s not to say planning and strategy are not important, but in many situations for both companies and clients alike, it is far more important to just “get out there” with the content so the audience can begin to interact with the content or brand than it is to delay far too long with nothing to show for it from a public perspective.
Maintaining Your Flexibility
Content strategies come in all shapes and sizes and should not be solely thought of as a brand-wide, all-inclusive methodology for every piece of content the brand creates.
Instead, content strategies can and should be developed in a modular fashion. Similar to a well-crafted website, an interchangeable content strategy allows for flexibility throughout the process over time, as variables change and the success (or failure) of a particular strategy evolves over time.
This technique should most commonly be used to distinguish between the various channels in which your content resides. A strategy module that suits email campaigns is likely not as well suited for handling social media interactions on Twitter, just as the static onsite content used throughout the site will differ significantly from the content posted on a blog.
Embrace these differences and freely develop multiple modules of your content strategy to fit each appropriate channel. You can and should still maintain an overall parent strategy that infuses elements into every child strategy below that (fonts, colors, common logos/images, etc), but much of the content beyond that will shift as the medium changes.
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The Necessity of Taking Risks
A very useful tool when first developing a content strategy is to evaluate the various levels of “risk” involved in any given style or example of content. That is, when a reader or user engages with that content, how likely are they to expect it versus how likely are they to be pleasantly surprised? Additionally as the content creator, how likely is a piece of content to feel standard and safe versus something risky that could fail or be taken poorly, but provide benefit if successful?
There are numerous risk strategies out there, but a solid standard for content strategy used by Portent, Inc. is the 70-20-10 rule .
This rule effectively states that 70% of your content should be safe and expected, 20% should be moderately risky and challenges the standard 70% of your content, and the last 10% should be very risky , such that it is entirely unexpected content or may horribly fail in some way (but will offer large benefits if successful).
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For the fictitious Green Lemon Web Design, they have elected to disperse their content using the 70-20-10 rule in roughly this manner:
70%: Most onsite stuff, such as About Us, FAQ, Services, Contact Us/Get a Quote, etc.
20%: Most blog posts that relate to the industry; those that provide assistance to clients, potential customers, or casual readers.
10%: A handful of blog posts that go against the normal, such as emphasizing the great work our competitors have been doing in the past few months or a post about a seemingly unrelated topic to drive traffic and user interest (books, gaming, fishing, etc). We’d also like to add a comparison chart of services and pricing between Green Lemon and popular competitors, which may include features we are weaker at than others but may ingratiate readers to us for our honesty.
Whatever the exact risk assessment is that your own brand settles on, it is vital to not be too afraid of taking risks from time to time. Being a little out there or edgy with your content will make a lasting, memorable impression instead of the countless other examples that are boring and forgotten after a short glance.
A Handful of Content Examples
Below you’ll find a list of example content titles that a new web design firm like Green Lemon — or even you — might find useful to pursue, roughly categorized by intended audience and/or creators.
For Web Designers
Web-for-All: Accessibility for Modern Web Design
Why Improved Design Cannot Solve Content Issues
Content Optimization for Mobile Platforms
Why Email Requires a Responsive Design
And Dash of That..: How A/B Testing Dramatically Improves User Experience
A Bridge Too Far: When Additional Feature Requests Should Be Ignored
This Ain’t Your Granddad’s Pixel: How Modern Displays Are Changing Web Design
Creating Beautiful Graphics and Logos in Pure CSS
The Homepage: When Automation Must Take a Back Seat to Human Control
For Web Marketers
Identifying Your Audience and Content to Meet User Demands
Community is Everything: Why Building a Community is Critical to Content Strategy
Risk vs. Reward: Why Safe is Often the Least Safe
Cultivating Client Relationships
I Like You: Spreading Your Content via Third Party Services
Localization, Love, and Liberation: Why i18n is Critical to Content Strategy
For Clients
Miniature Adults: How Children Utilize the Web and Interact with Your Site
Stay Awhile and Listen: How to Genuinely Engage with Readers
Establishing a Content Strategy for Personal Websites
Online Trapdom: Why Free Services Rarely Are
Just You Being You: How Social Media Encourages a False Sense of Self
Look At All My Resources!
While this article should provide a great starting point to establishing your own web marketer content strategy , there are multitudes of resources online with great information to boost your knowledge and get you down the right path toward content nirvana.
Below are a handful of prime resources to chew through at your leisure, so please enjoy!
Creating a Content Compass : Explores the diverging content strategy of a particular web project across the entirety of a brand’s content universe.
The Magic Content Marketing Ratio: Email Conversion Rate
4 Keys to Capturing a New Audience for Your Content Marketing
Being Real Builds Trust : Discusses why trust with users and clients is among the most vital components of strong marketing content strategy .
Help Your Content Go Anywhere With a Mobile Content Strategy
Future-Ready Content : Developing a web design content strategy that is as future-proof as possible, not just technically but in the manner in which content is created.
Contently Comic: Sponsored Insanity : Explores the pitfalls and trouble that can come from unnecessary sponsored content.
The Most Important Audience for Your Content Marketing : Your Own Employees : How brand and businesses should ensure employees fully understand and adhere to the marketing content strategy .
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Web Design Agency Business Plan [Sample Template]
By: Author Tony Martins Ajaero
Home » Business Plans » Online Startups
Are you about starting a web design company? If YES, here is a complete sample web design company business plan template & feasibility study you can use for FREE .
If you are a web designer, there is no limit to the amount you can make as a professional especially if you know how to generate market for your services. The truth is that starting a web design business is one of the businesses you can successfully launch without a start – up capital.
The fact that you are a web designer does not in any way restrict you to a certain way of doing business. First and foremost, you must have mastered the skill, and then you should look outside the box. Looking outside the box could mean that you should also acquire complimentary skills like graphic designing, video editing and video coverage skills et al.
The bottom line is that if you want to make more money as a web designer, then you should be ready to go out of your way to develop innovative business ideas that is in sync with your skills; ideas that won’t take you too far from your core area of business.
Here below is a sample Web Design Business Plan;
A Sample Web Design Company Business Plan Template
1. industry overview.
The web design industry is an industry that basically involves designing websites and hosting same on the World Wide Web (the internet space) for individuals and corporate organization.
In recent time, there is hardly any serious minded business / organization or individual who wants to make impact that does not have a website. A website is one of the most potent platforms to communicate your message or market your services and products.
As internet access becomes affordable, the number of those who visit the internet on a per second basis has tremendously increase hence the increase in the demand for the services of website designers. The fact that there are no entry barrier in the web design industry gives room for any serious minded person to learn the trade and start making money from the industry.
Despite the fact the web design industry is still growing, it is becoming over-saturated, as there are many aspiring entrepreneurs who are becoming web designers due to the massive opportunities available in the industry.
The major factors and incentives which endear people to this industry is the fact that it is in vogue in the world today, and its usefulness cannot be over- emphasized, therefore anybody who wishes to become professional in all aspects of it, and become relevant in any field in the world today will be prompted to go into the web design industry.
The Web Design Services industry is an open industry, hence a low level of market share concentration. Even though large multiservice agencies operate in the industry, revenue is also spread among thousands of small firms and freelancers.
As a matter of fact, no single web design company can account for more than 5.0 percent of the total revenue generated in the industry. This is the reason why freelance web designers accounts for a large percent of the players in the web design services industry.
Everyone will quite agree that the web design industry has come to stay and of course it is one industry that plays key roles not only in the business world, but also in almost all the aspect of what goes around in our world today. The web design industry is indeed a very large industry and pretty much active in all the parts of the world.
Statistics has it that in the united states of America alone, there are about 150,898 registered graphic design companies, employing about 215,562 and the industry rakes in about $24bn annually. Going forward, the industry is projected to grow at the rate of 4.9 percent annually.
Over and above, the web design service industry is very open to any aspiring entrepreneur who have the required skills to start his or her own web design business and of course make good money from the industry. As a matter of fact, it was projected that over the next five years, new technology will continue to emerge that will make it easier for more players to come into the industry hence increasing the competition in the industry.
2. Executive Summary
Nine & Ten Technology®, LLC is a U.S based and world class web design company. We have been able to secure a standard and well – positioned office facility in a central business district in Baltimore, the largest city in Maryland. We are a web design company that is set to compete in the highly competitive web design services industry not only in the United States market, but also in the global market.
Nine & Ten Technology®, LLC will offer all aspects of web design services and graphic design services such as Web Design, Print Media Design, Advertising and Corporate Branding, Graphic and Commercial art services, Corporate Identification design services (logos), Cartoons and Animations.
Our business goal is to become one of the leading web design company in the United States and we will make sure that every website we design conforms to international best practices. Our workers are going to be selected from a pool of talented and highly creative web designers and graphic artists in and around Baltimore and also from any part of the world as the business grows.
We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading web design companies in the United States and throughout the globe.
We have put plans in place to build a state of the art web design cum graphics studio in Baltimore – Maryland. Our studio will be well equipped and we will ensure that we follow the trend in the industry. At Nine & Ten Technology®, LLC, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics.
We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
Nine & Ten Technology®, LLC is founded by David Foreman and his friend and business partner for many years Jonathan Cosby. They have a combine experience in web designing, graphic designing, corporate branding and advertising and business management et al.
3. Our Products and Services
Nine & Ten Technology®, LLC was established with the aim of maximizing profits in the web design cum graphic design industry. We want to compete favorably with the leading web design companies in the United States which is why we have but in place a competent quality assurance team that will ensure that any website we design or related services rendered meet and even surpass our customers’ expectations.
We will work hard to ensure that Nine & Ten Technology®, LLC is not just accepted nationally in the United States of America, but also in other parts of the world. Our products and services are listed below;
- Designing Websites for both corporate clients and individual clients
- Developing Websites and Custom Platform Web Development
- Word Press Web Development
- Optimizing Website Functionality for owners of existing websites
- Search Engine Optimization Services and Code Writing Services
- Web Graphic Design and Commercial art services
- Corporate Identification design service
- Other web design related services
4. Our Mission and Vision Statement
- Our vision is to establish a standard and world class web cum graphic design company whose services and brand will not only be accepted in the United States of America, but also in other parts of the world.
- Our mission is to provide professional and highly creative web design services and other related services that will assist businesses, individuals and non-profit organizations in promoting their brands and reaching out to a wide range of potential customers all over the globe.
- We want to build a web design company that can favorably compete with other leading brands in the wed design services industry.
Our Business Structure
Nine & Ten Technology®, LLC, is a web design cum graphic design company that intend starting small in Baltimore, but hope to grow big in order to compete favorably with leading graphic web design companies in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.
At Nine & Ten Technology®, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Executive Officer
- Creative Director
Human Resources and Admin Manager
- Sales and Marketing Executive
- Web Designer cum Graphic Artist (5)
Content Creator
Client Service Executive
5. Job Roles and Responsibilities
Chief Executive Officer – CEO:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
Creative Director:
- Serve as project manager of the organization; works directly with employees
- Responsible for designing concepts for website to be developed for client (s)
- In charge of copy writing and laying out chronological advertisement plans
- Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
- Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
- Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
- Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
- Maintains quality service by establishing and enforcing organization standards.
- Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
- Make certain that production and development department perform efficiently, coordinate employee efforts, and facilitate communications between management and graphic designer
- Ensures that the organization work in line with international best practices.
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Defining job positions for recruitment and managing interviewing process
- Carrying out staff induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Oversees the smooth running of the daily office and factory activities.
Sales and Marketing Manager
- Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
- Model demographic information and analyze the volumes of transactional data generated by customer
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
- Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
- Responsible for handling business research, market surveys and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Creates new markets cum businesses for the organization
- Empowers and motivates the sales team to meet and surpass agreed targets
Accountant / Cashier:
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting for one or more properties.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for Nine & Ten Technology®, LLC
- Serves as internal auditor for Nine & Ten Technology®, LLC
Web Designer cum Graphic Designers (5)
- Liaises with clients to determine their requirement and budget
- Responsible for Optimizing Website Functionality for owners of existing websites
- Responsible for Search Engine Optimization Services and Code Writing Services
- Responsible for developing concepts, graphics and layouts for product illustrations, company logos, and websites
- Responsible for managing client proposals from typesetting through to design, print and production
- Responsible for reviewing final layout and suggesting improvement if necessary
- Responsible for working with clients, briefing and advising them with regards to design style, format, print production and timescales et al
- Determine size and arrangement of illustrative material and copy, and font style and size
- Responsible for liaising with external printers on a regular basis to ensure deadlines are met and material is printed to the highest quality
- Responsible for preparing drafts or material based on an agreement brief.
- Researches and advice the organization on style, genre and other trendy info as it relates to website design and graphic design.
- Responsible for creating content based on clients demand
- Serves as editor for the organization
- Presents contents to customers for evaluation
- Liaises and works effectively with web designer and graphic artists
- Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
- Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the creative director in an effective and timely manner
- Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
6. SWOT Analysis
Nine & Ten Technology®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured web cum graphic design business that can favorably compete in the highly competitive web design service industry in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Nine & Ten Technology®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Nine & Ten Technology®, LLC;
Our core strength lies in the power of our team; our workforce. We have a team of creative and highly proficient web cum graphic designers, a team with excellent qualifications and experience various niche areas in the web design service industry. Aside from the synergy that exist in our carefully selected web designer, our designs and services will be guided by best practices in the industry.
As a new web design company in Baltimore – Maryland, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive web design services industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.
- Opportunities:
No doubt, the opportunities in the web design cum graphic design services industry is massive considering the number of individuals and corporate organizations whose businesses depends on the services of web designers and graphic artist. As a web design cum graphic design Services Company, we are ready to take advantage of any opportunity that is available in the industry.
Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new web design cum graphic design company in same location where our target market exist and who may want to adopt same Business model like us.
7. MARKET ANALYSIS
- Market Trends
The trend in the web cum graphic design services industry is that the target market keep expanding, people and organizations are now seeing the need for them to have an official website and also to engage the services of graphic designers either in branding or packaging their products and services or in helping them create animations that will help them communicate their brand to a wide range of clients.
For example, politicians no longer rely on graphic artists to design and produce colorful campaign handbills, posters, billboards and other print related campaign materials but also to help them produce animations and cartoons that will help them effectively communicate their message.
Another common trend in the web design services industry is that, most web design firms no longer settle for clients within the location where their physical office is located but also from any part of the world. The truth is that with the advent of the internet, it is now easier for a web design company or a web designer to work for clients in any part of the world.
A web design company can be located in the United States of America and have their biggest client in United Arab Emirates. Many thanks to the power of the internet which has brought the world closer to us. Lastly, the web design industry will continue to evolve due to the advancement of computer technology and software applications designs et al.
8. Our Target Market
Before starting our web design business, we are certain that there is a wide range of both corporate and individual clients who cannot successfully run their businesses without the services of web cum graphic designers. In view of that, we have created strategies that should enable us reach out to various corporate organizations and individual who we know can’t afford to do without our services.
We have conducted our market research and survey and we will ensure that all our web design cum graphic design services is well accepted in the market place. Below is a list of the people and organizations that we have specifically market our products and services to;
- Banks, Insurance Companies and other related Financial Institutions
- Blue Chips Companies
- Corporate Organizations
- Manufacturers and Distributors
- Real Estate Owners, Developers, and Contractors
- Research and Development Companies
- The Government (Public Sector)
- Schools (High Schools, Colleges and Universities)
- Celebrities, Politicians, Public Figures and Public Speakers
- Sport Organizations
- Religious Organizations
- Political Parties
- Television Stations
- Printing Press (Publishing Houses) and Authors
- Branding and Advertising agencies
- Entrepreneurs and Start – Ups
Our Competitive Advantage
Surviving in the business world as a web design industry requires more than, your expertise, knowing how to deliver standard web designs but also how to network with key people that matters; decision makers that can decide who will get a web design contract.
Without a shadow of doubt, there are loads of big time investors, that have a stake in the web design industry; but one thing is certain, there is room big enough to accommodate both the big web design companies and the small web design companies.
What smaller web design companies need to do to survive in the industry is to concentrate on providing web design services to households, event planners, estates, communities, schools, hospitals and hotels et al before bidding for big web design contracts from corporations and government agencies.
We are quite aware that to be highly competitive in the web design services industry means that you are not only expected to be able to deliver consistent and highly creative and users’ friendly websites, but you must be able to meet set targets.
No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects. Our competitive advantage lies in the power of our team; our workforce.
We have a team of creative and highly proficient web designers and graphic designers, a team with excellent qualifications and experience various niche areas in the web design services industry. Aside from the synergy that exist in our carefully selected web cum graphic designers our designs and services will be guided by best practices in the industry.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups web design businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Nine & Ten Technology®, LLC is established with the aim of maximizing profits in the web design services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.
Nine & Ten Technology®, LLC will generate income by offering the following web design and graphic design related services;
10. Sales Forecast
One thing is certain; there would always be corporate organization and individual who would need the services of web cum graphic design firms.
We are well positioned to take on the available market in web design services industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our web cum graphic design company to enviable heights.
We have been able to critically examine the web design market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection are based on information gathered on the field and some assumptions that are peculiar to similar startups in Baltimore – Maryland.
Below is the sales projection for Nine & Ten Technology®, LLC, it is based on the location of our business and of course the wide range of our services and target market;
- First Year-: $100,000
- Second Year-: $300,000
- Third Year-: $750,000
N.B -: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same web design services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
We are mindful of the fact that there are stiffer competition in the web design services industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experience in the web design cum graphic design industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Nine & Ten Technology®, LLC.
Our corporate goal is to grow Nine & Ten Technology®, LLC to become one of the top 10 web design brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States of America but also in other parts of the world.
Nine & Ten Technology®, LLC is set to make use of the following marketing and sales strategies to attract clients;
- Introduce our web cum graphic design company by sending introductory letters alongside our brochure to individuals, corporate organizations, religious organizations and key stake holders.
- Promptness in bidding for web design and graphic design contracts from the government and other cooperate organizations
- Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
- List our business on yellow pages ads (local directories)
- Attend relevant international and local expos, seminars, and business fairs et al
- Create different packages for different category of clients in order to work with their budgets and still deliver excellent design and services
- Leverage on the internet to promote our business
- Engage direct marketing approach
- Encourage word of mouth marketing from loyal and satisfied clients
11. Publicity and Advertising Strategy
We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to become the number one choice for both corporate clients and individual clients in the whole of the United States and beyond which is why we have made provisions for effective publicity and advertisement of our web cum graphic design company.
Below are the platforms we intend to leverage on to promote and advertise Nine & Ten Technology®, LLC;
- Place adverts on both print (newspapers and magazines) and electronic media platforms
- Sponsor relevant community based events / programs
- Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
- Install our Bill Boards on strategic locations all around Baltimore – Maryland.
- Engage in road show from time to time in targeted neighborhoods
- Distribute our fliers and handbills in target areas
- Contact corporate organizations by calling them up and informing them of Nine & Ten Technology®, LLC and the services we offer
- List our web cum graphic design company in local directories / yellow pages
- Advertise our web cum graphic design company in our official website and employ strategies that will help us pull traffic to the site.
- Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.
12. Our Pricing Strategy
At Nine & Ten Technology®, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services.
In addition, we will also offer special discounted rates to all our customers at regular intervals. We are aware that there are some one – off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
- Payment Options
At Nine & Ten Technology®, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
- Payment by via bank transfer
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment via mobile money
- Payment with cash
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
13. Startup Expenditure (Budget)
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a web design company; it might differ in other countries due to the value of their money. However, this is what it would cost us to setup Nine & Ten Technology®, LLC in the United of America;
- Business incorporating fees in the United States of America will cost – $750.
- The budget for Liability insurance, permits and license will cost – $3,500
- Acquiring an office space or warehouse that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
- Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $30,000
- Amount required to purchase the needed software applications – $ 3,500
- Launching an official Website will cost – $500
- Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
- Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000
Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand (250,000) U.S. dollars to successfully set – up a medium scale but standard web cum graphic design company firm in the United States of America.
Generating Funding / Startup Capital for Nine & Ten Technology®, LLC
Nine & Ten Technology®, LLC is a business that will be owned and managed by David Foreman and his friend and business partner for many years Jonathan Cosby. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.
These are the areas we intend generating our start – up capital;
- Generate part of the start – up capital from personal savings and sale of his stocks
- Generate part of the start – up capital from friends and other extended family members
- Generate a larger chunk of the startup capital from the bank (loan facility).
N.B: We have been able to generate about $100,000 (Personal savings $85,000 and soft loan from family members $15,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
14. Sustainability and Expansion Strategy
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Nine & Ten Technology®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our web design and graphic services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Nine & Ten Technology®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
- Business Name Availability Check:>Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Securing a standard office facility for our studio: Completed
- Application for business license and permit: Completed
- Purchase of All form of Insurance for the Business: Completed
- Conducting Feasibility Studies: Completed
- Generating part of the start – up capital from the founders: Completed
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of Logo for the business: Completed
- Secure trademark for our products: In Progress
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
- Creating Official Website for the business: In Progress
- Creating Awareness for the business: In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with vendors and key players in various industries: In Progress
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How to Write a Web Design Business Plan
![sample business plan for web development company A man sitting on a leather couch looking at a laptop](https://images.squarespace-cdn.com/content/v1/6216a69903cad87a16401889/1696882186276-CPCNKA2UF92X8QPJ5QGA/How+to+Write+a+Web+Design+Business+Plan.jpg)
If you’re ready to take your web design business to the next level, creating a business plan is a great place to start. Whether you’re a freelancer who wants to go full time or a professional designer who wants to grow your web design business, a business plan can help you set ambitious goals and determine how to achieve them.
When done right, your business plan should read like a how-to guide, spelling out exactly how you’ll start, build, and grow your web design business. You’ll pitch your business, analyze competitors, identify risks, and set key milestones. You’ll also make financial projections, and share the operational plans, marketing strategies, and sales tactics you’ll use to get there.
Your business plan should address several audiences at once. It’s a powerful tool for you as you analyze opportunities and devise strategies for meeting your goals. It’s also a great resource to use when pitching clients , partners, and investors on the services you offer.
This versatility speaks to the ultimate value of creating a business plan. While it requires research and foresight up front, it will help you build a web design business that’s both successful and sustainable.
Key components of a web design business plan
Executive summary.
Your business plan should start with an executive summary. Think of this as a TL;DR for anyone reading the document: business plans are often long, and a user-friendly summary can make the read less intimidating.
Introduce the reader to your web design business, and summarize what they’ll find in your business plan. Provide a concise overview of the business’s mission, vision, and key objectives. Highlight the services you’ll offer, emphasizing standout features and competitive advantages that may pique the reader’s interest.
This executive summary should be short. If your business plan is 25 pages long, give it one to two pages. If it’s 10 pages long, write just a few paragraphs.
Though the executive summary is the first thing people will read, it should probably be the last thing you write. After all, it's tough to sum up the rest of your business plan when you haven’t written it yet.
Company description
Help clients, partners, and investors get to know your web design business by telling your business's story . Walk them through your background as a web designer, and share the company’s raison d’être: when, how, and why did you realize this business needed to exist?
This is a great place to build credibility. If past experiences or accomplishments set you apart from other web designers, highlight them. Similarly, if you’re working with a team, share who they are, what roles they’ll fill, and why they’ll make great collaborators .
You’ll also want to cover some nitty-gritty details, like the company’s legal structure (think: LLC, DBA, etc.) and ownership information.
This section should be concise, but comprehensive—about one to two pages long. You want to fully introduce your web design business without wasting the reader’s time.
Market analysis
To build a successful business, you need a clear understanding of your target customer, your competitors, and the web design industry at large. This information will live in the market analysis section of your business plan, which should be about two to four pages long.
Start by defining your target customer : who is your business trying to reach? Instead of aiming for all web design clients, identify a target market segment—a smaller group of web design customers with shared needs, interests, behaviors, or demographic characteristics.
Research this group in detail, and use client personas to bring them to life. Client personas are specific but fictitious representations of your target customers. They can help you illustrate the challenges your target customers face and the impact your business will have on them.
With your target clients defined, you can analyze your competitors: which website design businesses occupy a similar niche ? Identify at least five competitors, and honestly evaluate their strengths and weaknesses. Then, clarify how you plan to compete.
Use your client research to pinpoint where your competitors are falling short. By delivering something they don’t (i.e., lower prices, specific services, etc.), you can stand out . Wherever possible, back up your assumptions with research. Cite trend data, keyword research , or testimonials that show your target customers want something no one else offers.
Round out your analysis with a critical look at your business model: what are its strengths and weaknesses? For example, a smaller target market may be easier to penetrate, but it caps the number of clients you can reach.
Then, assess the web design industry at large. Highlight trends you’re capitalizing on, new technologies you’re taking advantage of, or market weaknesses you’re circumventing.
Services and portfolio
Now that you’ve illustrated the need for your business, give your reader a glimpse of it. List the services you’ll offer , complete with sample prices . Establish your brand identity with a logo, mission statement , and style guide . And include examples of the work you’ll create. These can be relevant portfolio samples , case studies , or freshly made mock-ups.
Spend one to two pages fleshing out your business. Instead of scattering visuals throughout your text, store them in an appendix at the end of your business plan. This will keep your reader from losing momentum and allow them to skip ahead as they see fit.
Marketing and sales strategies
Once you have a great product, you need a strategy for landing customers and generating revenue. Dedicate one to two pages to the marketing and sales tactics you’ll use, and be specific. If you do the heavy lifting now, you’ll know exactly how to grow your business once you launch it.
List the marketing channels you plan to leverage, and establish a strategy for each one. Create a content calendar for social media posts , newsletters , and content marketing campaigns. Specify what you’ll do for SEO , post on your blog , and spend on paid advertising. You can also detail which networking events you’ll attend or host, how many cold calls you’ll make, and how you’ll generate referrals. Focus on the marketing channels that deliver real value for your business: where is your target audience, and how can you reach them.
Your efforts shouldn’t stop at landing clients. You also need to impress the ones you have. Zero in on your competitive advantage , whether that’s writing standout proposals , offering subscription services , or promising the best value around. Create a plan for regularly checking in with past clients , and consider how you can use discounts , packages, and promotions to keep them coming back for more.
Operational plan
Dedicate one to two pages to business logistics: what will your day-to-day operations look like?
Think about who you need to hire , what roles they’ll fill, and what responsibilities they’ll have. Compare office spaces, list essential equipment, and consider what web design tools you’ll need to do your best work. Factor in sneaky necessities, like WiFi and office supplies. You’ll also want to think about nice-to-haves, like snacks and coffee for your team.
Your plan doesn’t need to be exhaustive, but it should be practical. These expenses will affect your financial projections, so you want to be as realistic as possible.
This is also a great place to map out internal policies. If you have project management protocols , client communication best practices , or other in-house guidelines, detail them here.
Financial plan
Show that you’ve done your due diligence with a thorough financial plan.* Map out what your balance sheet, income statement, and cash flow statement will look like every month until you break even. Then, keep going until you reach profitability.
These financial projections should be pragmatic and thorough. Clarify where you’ll get the funding to start your business. If you’re working with investors, list your investment terms. And include every cost you can think of: taxes, depreciation and amortization, operational expenses, and more.
Keep your growth estimates conservative, and explain your math. Don’t expect to gain new clients without increased marketing and sales efforts, and don’t assume you can raise your rates without investing in new tools or team members.
While any charts, graphs, or spreadsheets you create will live in your appendix, you should still spend one to two pages contextualizing them. Back up your numbers by explaining the calculations you’ve done and the assumptions you’ve made in your forecasts.
Milestones and timelines
While your financial projections offer a timeline for profitability, there may be other major milestones you’re keen to meet. Ask yourself what success looks like at different stages, and create a one-page timeline detailing when you expect to reach each landmark.
This timeline will help you track your progress as you scale your business . If you miss a milestone, you can analyze why—and adjust the rest of your expectations accordingly.
Risk assessment
While it may seem counterintuitive to end on a low note, thoughtfully addressing risks is a great way to build trust. Dedicate one page to the challenges your business may face, and explain how you’ll handle each one.
By thinking through and planning for the worst case scenario, you can show partners and investors that your business is in good hands. You can also confidently take the next steps in your business journey, knowing that starting a website business isn’t as intimidating as it seems.
As a reminder, your appendix should hold any visuals referenced in your business plan. That includes examples of work, style guide resources, financial projections, and more.
This appendix can be as long as needed. Between your portfolio, style guide, and financial projections, you’ll easily clear two pages. Just be cognizant of your reader’s time and attention. Only feature resources that are illustrative or impactful, and ensure your appendix is easy to read.
Creating a business plan will show you how to start a web design business, ensuring you’ve accounted for every cost and contingency. Over time—as the industry changes and your goals evolve—you can adapt your business plan to reflect your current ambitions.
Your web design business plan should include:
Executive summary (one to two pages)
Company description (one to two pages)
Market analysis (two to four pages)
Services and portfolio (one to two pages)
Marketing and sales strategies (one to two pages)
Operational plan (one to two pages)
Financial plan (one to two pages)
Milestones and timelines (one page)
Risk assessment (one page)
Appendix (two or more pages)
Check out Squarespace Circle , Squarespace’s program for professional designers. Along with exclusive content, discounts, and other perks, Circle brings professionals together from all across the globe to exchange advice while connecting with new clients and collaborators.
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Lindsey Lanquist is an experienced writer, editor, and content strategist. As a contributing writer for Squarespace (and an amateur web developer), Lindsey enjoys making website building more approachable. She also has a soft spot for all things business and entrepreneurship, and she loves helping people find new ways to grow their businesses.
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Updated: July 18, 2024
Published: January 02, 2024
Have you heard the expression, "If it were easy, everyone would do it?" That saying certainly applies to starting your own business. However, with the right preparation, you'll discover that learning how to start a web design business isn't as hard as you might think.
![sample business plan for web development company how to start a web design business: image shows a person's hand holding a laptop, and a mouse clicker icon touching the laptop screen](https://www.hubspot.com/hs-fs/hubfs/how-to-start-a-web-design-business.webp?width=595&height=400&name=how-to-start-a-web-design-business.webp)
I talked to two web design business owners who filled me in on everything you need to know about how to start a web design business. I'll walk you through the steps you'll take, plus some pro tips to help you make your launch a success.
How to Start a Web Design Business: 15 Steps
- Figure out your working arrangements.
- Identify your website design business niche — if you have one.
- Pick a name.
- Create a mission statement.
- Determine what you want to offer.
- Establish a business plan.
- Seek legal advice.
- Check off administrative tasks.
- Identify pricing.
- Make your branding.
- Create templates and establish workflows.
- Design your website.
- Start building your social presence.
- Train yourself on anything you're not sure about.
- Network in person and online.
Whether you are figuring out how to start a web design business from home or eventually want to open up your own brick-and-mortar location, there are a lot of items to check off before you're ready to take on clients. Here are 15 steps you can follow when learning how to start a web design business.
1. Figure out your working arrangements.
Your first step is to figure out your working arrangements. Will you work from home or rent out an office space? Will you interact with clients virtually or offer a brick-and-mortar location where you can meet? And if you're working from home, do you have a professional, private space where you can conduct business?
It's possible to learn how to start a web design business from home, but by addressing these questions upfront, you'll know how to better set your business up for success.
Mindy League, UX Director at Elevated Third, owned a web design agency that one of her clients went on to acquire. She knows her stuff — League has worked in digital marketing with B2B giants, including HP, IBM, Thermofisher, and more. When recounting her experience as a web design business owner, League mentions that she feels it's easier to start a business now in a world where working from home is normalized.
She recounts, in a pre-pandemic world, needing to have a brick-and-mortar storefront where she could work with her team or meet clients. "Now, we have this really more acceptable work from home," she says. "I think it would be easier to start a business now than it was then. Because [then] it was expected that you had a brick and mortar, which was a high cost, a high expense. It was almost validating that you're in business."
Once you've figured out your physical working arrangements, consider your hardware and software arrangements too. When learning how to start a web design business from home, keep in mind that you'll need all the bells and whistles you would in an office, such as a comfortable seat, functioning computer, and monitor, if you like using one.
You may need to purchase a new laptop or monitor for your web design business work. Or, maybe you'll need to sign up for Adobe Creative Suite subscriptions. If you're not launching your business ASAP, you don't need to sign up for the software right away to avoid paying for it when it's not in use. However, you should have your physical hardware ready to go.
Pro Tip: I know that bills can quickly add up when you're first starting a business. If you're buying a computer, I recommend considering a lightly used one as they're reasonably priced. Or, purchase a gently used desk from a local thrift store to cut costs. What matters most is that your equipment is reliable.
2. Identify your website design business niche — if you have one.
Niche or no niche, that's the question. There are pros and cons to both — if you choose a niche, you can become the best in that industry and establish a reputation. Alternatively, if you don't choose a niche, you can garner a large pool of clients across industries.
One way isn't better than the other; they're just different.
Macey Miller , the owner of Be Bold Design Studio , has created websites for "all kinds of businesses," though much of the sites she's made have been for woman-owned companies. Miller initially became interested in website design because she wanted a creative outlet when working in marketing at a hospitality technology company. You should trust her advice because, since starting her business in 2018, she's created more than 120 websites. What started out as a side gig became so successful that Miller was able to quit her full-time salaried role in six months.
"I have a lot of friends who own businesses, and they need websites," she shares. "And so I started my business out of really an outlet for creativity, but then also as friends and family needed websites and logos and designs. I was always like, yeah, I can hop in. I'll do that. It was a nice break after all the analytical meetings and just all the things that came with …marketing."
Pro Tip: If you're stuck, let your portfolio and professional experience inform your decision about whether you'll pursue a niche subcategory of website design or offer more holistic services. If you only have experience creating websites for consumer packaged goods products (CPG), stick with the CPG industry. Or, if you've created websites for educational institutions, food and beverage, entrepreneurs, and more, you may consider sticking with a no-niche agency.
3. Pick a name.
I know — picking a business name is tricky! It should be descriptive but not too long. Reflective of your mission, yet clever. Unique but simple. That's a lot to keep in mind. (Psst: If you need help selecting your business name, check out these 300+ examples of business names we love for inspiration.)
In some cases, you may want to use your own name as the title of your business. If you believe yourself to be the face of your brand, then maybe, using your name is a good idea. Of course, there's also the search engine optimization (SEO) value if you have an uncommon name.
I advise you to test out your business names in front of family, colleagues, or friends. You can run a poll on LinkedIn to ask others in the industry which they prefer. Picking a moniker is a serious commitment, so be sure you're willing to stick with it for a while.
Pro Tip: I suggest doing some research before you commit to your name. When you Google it, if a lot of other agencies pop up, you might want to pick an alternative. If there are already a ton of other businesses with the name, you'll have a hard time securing social media handles, too.
4. Create a mission statement.
Before you begin ideating your company mission statement, I suggest you check out some examples from businesses you admire. ( May I humbly suggest HubSpot ?)
I also love Be Bold Design Studio's mission statement . It's straightforward, focused on impact, and I love how Miller clearly displays it on the footer of the studio's homepage.
Your mission statement doesn't have to be too long or intricate. The best mission statements are straightforward and succinct, and they showcase your company's values.
Pro Tip: You can include your mission statement on your homepage, footer, or on its own page, depending on how much emphasis you'd like to place on it.
5. Determine what you want to offer.
You have your name, mission statement, and niche all picked out. Your next step is determining what you want your business to offer. Ultimately, you can make your business as all-encompassing (or niche) as you want. Do you want to offer complete website design services that include add-ons such as branding and logo design or photography? Or do you want to work mainly on website rebuilds? What about maintenance — do you want to offer it or leave clients to their own devices?
It is your business — so you can decide what you want to offer based on both your skills and experience. However, keep in mind that if you don't have a well-rounded menu of offerings, clients may take their business elsewhere, where they can get their website created, logos created, and branding established all in one place.
Pro Tip: If you're building your business with a co-founder, League suggests that you consider picking someone with expertise in the opposite of what you do. "When you're getting started, you don't necessarily think of looking for someone who does the opposite of what you're doing," she says. However, by thinking about this in advance, you can reduce the likelihood that you'll need to outsource help. (Psst: That doesn't only apply to business offerings. For instance, if you have the creative portion under control, consider working with someone more analytical who can tackle the finances.)
6. Establish a business plan.
In my opinion, writing up a business plan is arguably the most daunting part of learning how to start a web design business. The good news? You don't have to do it yourself — this robust guide to creating a business plan will offer you a life raft.
Your business plan should provide a clear summarization of your organizational strategy for success. You can use your business plan to acquire funding from investors or help forecast your business demands. Most importantly, when starting out a business, your business plan should highlight your goals and the way you plan to achieve them. This is also where you'll tie in your mission statement and business purpose.
If you're feeling overwhelmed by the prospect of writing your business plan, use one of our free templates to set you on the right track. For example, I love this one page business plan template.
It's concise, asks the right questions, and makes it easy for you to keep all your crucial information in one handy location. You can download it here .
Pro Tip: Taking a look at other business's plans can help you figure out how to build out your own. Here are 24 sample business plans to get your creative juices flowing.
7. Seek legal advice.
Congratulations; you're about halfway through the process of learning how to create your web design business from home. Give yourself a pat on the back — and take a deep breath because it can be overwhelming.
Before you go any further in your business ownership journey, it's time to seek legal advice. Your best option is to find a lawyer who has experience working with small businesses and helping ensure they're compliant with all the laws in your jurisdiction. You may need a license to operate your business, depending on what it is and where you live. Or, you might need help deciding whether you want to be a sole proprietor, open an LLC, or start a corporation.
While no one likes shelling out cash for legal fees, the repercussions of not doing so and accidentally violating a law can be massive. Your lawyer can also help you draft the contracts that you'll share with clients when entering into an agreement with them. Getting liability insurance for your business is also a good idea, and your lawyer can advise more on the steps you should take to do so.
Pro Tip: Lawyer fees can be expensive — especially when you're just starting out. If the cost of working with a lawyer is prohibitive, I recommend you try to find one willing to do the work pro bono. I'll admit, it can be tricky to find a lawyer that'll do the work for free. But ask around — you may have a connection willing to help out.
8. Check off administrative tasks.
I told you learning how to start a web design business isn't always glamorous, didn't I? I promise it will be well worth it. Your next step is to complete various administrative tasks you need to check off your list before your business can open its doors.
For example, now that you're starting your own business, you'll need to think about how you're going to get health insurance. Maybe you can still be on your parent's insurance, or you have a partner who can take you under their wing. However, if this isn't the case, you need to think through the ways you'll be able to get healthcare.
I know this doesn't seem directly related to starting your own web design business, but it's an important administrative task you need to check off. When you're just starting out, you'll only need to think about getting healthcare for yourself. But if your business grows and you hire teammates, you'll have to think about their insurance, too.
The next thing you'll want to think about is your retirement plan. You can consider opening a Roth IRA or a Health Savings Account. (Of course, if you want more guidance about what's best for your financial future, I suggest you speak with a financial advisor who better understands your particular situation.)
Lastly, think through your holiday and vacation policy. You're your own boss now, which means you'll have to be accountable for getting stuff done. Creating a clear vacation and holiday plan is an excellent way to keep you on the right track. Miller believes that holding herself accountable for getting work delivered in a reasonable amount of time is partially why her business has flourished. "I think it is very important to… be true to your word," she says.
Miller continues, "If you say you're going to deliver something on Tuesday, you need to deliver something on Tuesday. A lot of times with a website design business, you know, it's creatives, and it's hard to pin us down within the website design business. You can be a creative, but you also have to be very, very careful with that more creative energy and focus on making sure that your clients are being served well and efficiently and on time."
Pro Tip: If you're struggling with administrative tasks, I highly recommend talking to other small business owners you know who have taken their business full-time to learn more about how they handled administrative tasks when starting out.
9. Identify pricing.
Now that you know what you have to offer, it's time to decide how much you're going to charge for it.
Your first step when identifying pricing is to take a look at your competitors' pricing. How much is your competition charging for a website, logo design, branding, and bespoke photography? What about a site refresh? Find out, and make notes of what your top 5-10 competitors are charging. This will inform your rates. I suggest creating a spreadsheet that clearly identifies competitor pricing.
You'll also have to decide if you want to charge a flat rate for a project or hourly. If you go the project route, consider how many hours it will likely take to complete the project and break that down into hourly wages. Remember: You deserve to pay yourself a livable salary.
Now that you've done your research, consider your business's overhead. Do you have to pay for your space? Have you thought about how taxes factor in? How about the software you'll need to run your business? Did you include your insurance fees when factoring in how much it costs to run your business?
From there, you can subtract your overhead per project from the rate you're thinking of charging. This leaves you with your profit.
Pro Tip: Adding testimonials to your website can help you feel more confident about your rates. These testimonials demonstrate the value of your work, and you can easily point to them when conferring with potential clients about budget. For some inspiration, check out HubSpot's Customer Reviews page .
10. Make your branding.
We're finally at a fun part of the web design business creation process. You'll have to make your branding before you begin to share the news of your business online. You're a creative, so you likely already know exactly what to do, but here are a few branding tips in case you need them:
Consistency is key — choose a color palette, style of photography, and a few fonts. Then, stick with them. This will give your business a professional flair.
Create a logo that's not too detailed. If it is, the details will get lost when you shrink it down.
Try to avoid already popular color pairings because they'll subliminally remind your visitors of other, more famous brands. For instance, red and yellow may not be the best bet for your company because these colors together conjure up images of Ronald McDonald.
Pro Tip: Need a dose of inspiration for your business's color palette? These color pairings are sure to wow.
11. Create templates and establish workflows.
Yes, you have your branding, pricing, and business plan — but you are not open for business yet. First, it's essential to create templates and establish workflows. That way, when you do get your client (and trust me, it will happen), you already have a handle on how to get them onboarded.
Using a project management tool can help you create workflows that hold you accountable and ensure you deliver results on time. I love Asana, Trello, and Notion, so experiment to find one that works best for you and is within your budget.
This is also the time for you to make sure those contracts you worked with your lawyer to create are ready to go. Plus, create a checklist for client onboarding, the steps you'll follow to launch a client website, and make any necessary supporting documentation or templates. You should also have your invoice template in place. If you do all of this, professional is the name of your game.
Last but certainly not least, determine how you're going to track your time. It's not enough to set an iPhone timer — you need to keep track of your time and how you spend it. There are plenty of time-tracking apps available, some of which even integrate directly with your project management tools.
Pro Tip: By having your onboarding checklist ready to go, you'll be ready the moment your first client comes knocking. Plus, you'll score major points with your client for preparedness and professionalism.
12. Design your website.
You already know how to do this, so I'll leave this one to you. And if you want some sources of inspiration, you know where to find them — here, where I identified the 25 best creative agency websites .
Just to recap, here are some key things to keep in mind when designing your website.
Were created with search engine optimization (SEO) in mind.
Include mindful CTAs, or calls to action . (Psst: You shouldn't only have one place for visitors to go to reach out to you — that CTA should be sprinkled throughout your site so visitors can contact you the moment they feel inclined to.)
Feature cohesive branding .
Have testimonials and examples of past work.
Have a sense of personality so visitors know who you are and why they should trust you with their website.
Hire a proofreader or ask a family, friend, or mentor to look over your site. Ask them to read through it for clarity and accuracy.
Consider having a blog on your website and writing posts that target keywords.
Your goal on your business website is to reduce friction in any way that you can.
Pro Tip: About 42.5 million Americans have disabilities . Don't ignore website accessibility best practices when building your website .
13. Start building your social presence.
You're almost at launch day, congrats. It's time to start building your social presence. Whether you contribute to collaborative articles on LinkedIn to showcase your web design expertise, create your own X/Twitter posts with a link to your portfolio site, or begin filming trendy TikToks about web design misconceptions, the internet — erm, I mean the world — is your oyster.
When deciding which social media platforms you want to hone in on, consider this:
Where is my audience?
What platform can I go viral on? (TikTok is great for this because, regardless of whether you have five followers or five million, you can go viral.)
What platform feels intuitive for me to use?
How can I best tell my brand story?
Pro Tip: Ideally, you'll be able to create content for multiple social media platforms. However, focusing on one or two will help reduce stress. Dial in on wherever you're seeing the largest return on investment for your time.
14. Train yourself on anything you're not sure about.
Maybe you're a natural-born designer, but sales calls don't come easy for you. Or maybe you've always loved rebuilding websites, but you struggle with offering bespoke logo design services. Everyone has their strengths and weaknesses — but your weaknesses don't have to stay weaknesses. You can decide to seek out training to teach yourself more about anything you're unsure about.
"I think it's easy for people to say like, well, I'm not good at admin, or I'm not good at sales calls, and that's just an excuse," says Miller. "Why don't you go in and learn how to do a sales call? Like I've done two to three sales trainings, which has been very helpful because sales is a part of owning your own business. And if you're not comfortable with selling in a way that is natural and authentic but also just natural and authentic to you, then you won't be able to last."
Pro Tip: HubSpot Academy has plenty of free courses that can help teach you more about different facets of marketing, sales, and beyond. You can even earn free certifications, which look great when you're trying to build authoritativeness. I've done several courses, and I found them to be both educational and engaging.
15. Network in person and online.
You did it! You've successfully created your own web design business. I hope you're proud of yourself because I'm proud of you.
Now, it's time to share the incredible news with your family, friends, colleagues, and mentors. Remember to bring business cards with you when you meet with people, and bring along extras so your friends can pass them along to their friends. You never know who may be your first client.
Online, you can spread the word on your personal and professional social media accounts. You can also reach out to any business owners you know and let them know you're open for business if they wish to enlist your help.
Pro Tip: Keep your mind open when it comes to finding clients. You never know how your clients will make their way to you — just trust that they will. Be sure to spread the word so everyone you know can have their feelers out in case anyone they know needs a designer.
What are 5 tips for people starting a web design business?
These five tips from Miller and League — who have actually gone through the process of building a web design business themselves — can help set you up for success.
Remember that potential clients are everywhere.
League recounts that when she owned her agency, she was living in Austin, Texas, where she had a large network. "There were a lot of folks that I knew," she says. "And so I would just make new clients at the retail stores, or wherever I was, I would just meet people. Or they knew someone, and then we referred." A valuable lesson to keep business cards with you at all times indeed.
Give back to your clients.
League also suggests the idea of using "swag" to gain momentum for your business. "We gave a lot to our customers," she says. "We had parties and gave them swag. So when we had profit, we really gave them things that we thought they would enjoy. We [were] really appreciative of them. We were constantly giving them mugs, and we made up cute campaigns around it, like a social media campaign. [With the cups, we asked clients to] send us your 'mug shot.'"
Keep in mind that things ebb and flow.
The reality of owning your own business is that things will ebb and flow; there will be busy seasons and slower ones. However, to keep your business afloat during tougher times, Miller suggests you get creative. "There are a lot of different ways to make money as a website designer," she shares. "One tip is being open to potentially white labeling. There are a lot of agencies that white-label their services and that need freelance graphic designers to kind of come in and help with the workload.
When you start your own business, a lot of times you think, oh, it's just going to be me, all by myself. I'm going to be getting all these clients, but in those slow seasons, it's nice to lend your services to an agency or even take on some retainer clients and do maintenance work or graphic design work."
Customer service speaks for itself.
Another key learning from Miller? That customer service really can set you apart from your competition. "I found that the reality of building a healthy business and a client base requires serving your clients, marketing, networking, and a strong online presence, but really more focusing on serving your clients," she says.
"A lot of people focus more on the design and the creative part, but I truly believe that customer service is almost as equally important as the beauty of creative design. It takes time to build a client base and to establish a reputation."
Expect to wear a lot of hats.
Depending on the client, you may have to wear more hats than just the assigned "web designer." For instance, League mentions that entrepreneurs are sometimes more anxious regarding where their money is going than large corporations, as it's their hard-earned cash they're spending.
"They would get really nervous before the launch because it was the unveiling of their idea," she explains. "And so that, that was something I didn't realize, [that] I had to be so much of a psychologist, making that transition from the bigger agency, you know, to the smaller agency. There was a lot more psychology. Granted, when you work with an agency or with any client, you have to worry, think of, and be empathetic towards them."
Bring Your Web Design Dream Business to Life
You officially know how to start a web design business, and it's up to you to decide if you're ready to take that next step toward becoming your own boss. When building your company, keep your why in mind, and commit to customer service. If you do these two things, you can't go wrong.
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A Simple Guide to Creating a Business Plan for Web Professionals
Starting your own business comes with plenty of tedious paperwork. Writing out a business plan may seem like an unnecessary step, when you feel you already have a clear idea of where you want your company to go. However, having one in place will definitely pay off over the long term.
This post will teach you all about the importance of having a business plan. We’ll also walk through seven steps that will help you write your own.
Let’s jump right in!
- 1 Why Web Professionals Need Business Plans
- 2.1 Step 1: Outline Your Business’ Goals
- 2.2 Step 2: Describe Your Products and Services
- 2.3 Step 3: Identify Your Target Audience
- 2.4 Step 4: Map Out Your Marketing Plan
- 2.5 Step 5: Determine Your Operational Needs and Organizational Structure
- 2.6 Step 6: Consider Any Legal Requirements
- 2.7 Step 7: Figure Out Your Finances
- 3 Conclusion
Why Web Professionals Need Business Plans
Both freelance web professionals and those working as employees have pretty straightforward responsibilities. You’ll need to first find a client or receive an assignment, finish the project, get paid, and move on to the next job or task. However, if you’re going to build your own business, things can get quite a bit more complicated.
While other professionals can focus on the present, business owners have to be concerned with the longevity of their companies. Having a plan provides a clear path forward, especially in the moments when you’re wondering what to do next to grow your business.
In the early days of setting up your company, a business plan will provide an outline to help you structure and manage employees, projects, clients, and resources. Plus, it can help you acquire the investors, partners, and other help you’ll need along the way.
If you need to take out business loans or bring on investors to help expand your company, they’ll likely want to see a copy of your business plan. Demonstrating that you’re prepared and have a strategy for maintaining your business can help assure them that you’re a smart long-term investment.
The same applies to partnerships as well. If you want to sell part of your business to another person, who can help you run things and take on some of the burden of ownership, they’ll probably want to see what they’re getting into first.
In short, a business plan is an important tool that can help you over many of the bumps in the road to starting, growing, and maintaining your company. Crafting a thorough plan while you’re still in the early stages of starting your business should prove well worth the time and effort.
How to Create a Business Plan as a Web Professional (In 7 Steps)
Writing up a business plan can take a lot of time, and may require a substantial amount of strategizing and research. You can find e-books and templates online to help simplify the writing process, so you can focus on the aspects that are unique to your business:
![sample business plan for web development company An example of a business plan template.](https://www.elegantthemes.com/blog/wp-content/uploads/2019/06/business-plan-example.png)
Throughout the following steps, we’ll show you everything you need to include if you’re looking to create a well-rounded business plan, whether you’re starting from scratch or using a template.
Step 1: Outline Your Business’ Goals
Setting goals can help both you and your business stay on track. Without them, there’s a good chance you’ll have a lot more misses and mistakes as you try to steer your company forward. On the other hand, staying focused on clear objectives can help you accomplish more and solidify your brand identity.
Therefore, make sure to start your business plan off by outlining concrete goals. If you’re not familiar with it yet, we’d highly recommend familiarizing yourself with the SMART framework . It’s also a good idea to have your mission statement in place at this point, since it will inform your goals and shape how you’ll accomplish them.
Step 2: Describe Your Products and Services
At the core of every business is a product, a service, or both. A detailed description of your offerings is a key element of your business plan. Within your plan, you can strategize about how you’ll produce your products or offer your services, and deliver them to your customers.
Successful products and services are those that provide a solution to some kind of problem faced by your target audience. Explaining how your offerings solve an important problem – and how you do this differently or better than your competition – should go in your plan too. If available, you can also include information about considerations such as price and production costs in this section of your business plan.
What’s more, in order for your company to continue expanding, you’ll likely need to come up with new products and services over time. Noting down your ideas for future offerings can help give you direction, and show potential investors or partners your company’s potential.
Step 3: Identify Your Target Audience
Without customers or clients, your business won’t generate any revenue. Therefore, it will be difficult to get off the ground if you haven’t done any research into the people who might want to pay for the products or services your new company offers.
The process of audience research can also help you come up with ideas for new products. By determining what problems your target audience faces, you can work on finding solutions, and then developing products or services to provide them.
The first step will be to put together a comprehensive marketing persona as part of your business plan. In order to effectively market your products or services, you’ll need to pinpoint your audience so that you can implement targeted strategies.
Step 4: Map Out Your Marketing Plan
Spreading the word about your business and what it has to offer is vital to the growth of your business. Your marketing plan will lay out how you intend to do this. A lot of research is necessary to make the most of this part of your business plan.
There are many different marketing strategies you might want to implement, to get the word out about your company. Email newsletters , social media campaigns, and content marketing are all smart techniques that web professionals can use to reach more leads.
However, part of your marketing plan will also need to include information about which channels are most popular among your target audience. Researching demographics and your competitors’ marketing strategies can help you get started. You’ll also need a marketing budget, a portfolio of your best work, and a brand strategy . It’s a lot to put together, but doing the work upfront will save you time and help you avoid mistakes later on.
Step 5: Determine Your Operational Needs and Organizational Structure
There are two key things your business needs to keep running that we haven’t touched on yet – equipment and people. Whether you’re a developer, a designer, or another type of web professional, there are probably some programs or other tools you use to make your job easier. You’ll want to note those requirements in your plan, along with how much each tool costs and what it’s needed for.
In addition, your plan should account for any employees you’ll need to hire. This might include other developers, a marketing specialist, or an accountant (just to name a few examples). Any skills needed to keep your company afloat that you don’t have yourself will have to be provided by someone else.
Even if you have a wide range of skills, you probably can’t do everything on your own. Knowing when to hire out and delegate tasks will be vital if you want to avoid burnout. If you’re not ready to bring on employees right away, listing some potential roles in your plan will still be helpful in the future. You can one of these plugins to create your own business job board on your company website so you can quickly (and cheaply) post jobs and hire top-talent.
Additionally, you’ll need to outline the organization of your business. Specifically, you should make its hierarchy clear, and provide guidelines for how employees, contractors, and the like will interact and work with one another, in order to provide quality products or services.
Step 6: Consider Any Legal Requirements
It’s not a bad idea to hire a business lawyer to provide some guidance when you’re first starting out. They can advise you on how to structure your company, and what will be required of you legally as a business owner.
This includes considerations such as paying taxes, and what will happen if your business fails. These are crucial financial concerns, and you don’t want to make mistakes in this area. So consider your lawyer fees to be an investment in your future financial security.
Plus, there are several documents you may want to create at this point and get legal consultation on. License agreements and client contracts are key to bringing in revenue for web professionals. Making sure yours are airtight now can prevent many problems later on.
Step 7: Figure Out Your Finances
Finally, you’ll need to put together a financial plan. Saving this for the end of your business plan can be helpful. That way, you’ll have already gathered plenty of details on your business’ expenses, including production costs, marketing expenses, employee wages, and legal fees.
Moving forward, you’ll need a strong system in place for closely managing your business’ finances. Additionally, you’ll want to determine when you’ll get paid, and how you’ll pay your employees, taxes, and any other key expenses (e.g., office space, utilities, and rent).
Finally, you’ll have to account for any upfront investments you’ll need to make in order to get your business started, whether that’s loans or money from investors. Bringing in an accountant to help you with this part is probably wise, and can be the start of a relationship that will serve you well over the lifespan of your business.
While writing your business plan may not be the most exciting aspect of starting your own business, it’s definitely a necessary step. In the long run, you’ll appreciate the time you put into creating this plan in the early days of your company.
Following these seven steps will help you put together a comprehensive business plan:
- Outline your business’ goals.
- Describe your products and services.
- Identify your target audience.
- Map out your marketing plan.
- Determine your operational needs and organizational structure.
- Consider any legal requirements.
- Figure out your finances.
Do you have any questions about creating a business plan? Let us know in the comments section below!
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Awesome post. Thanks for this great article. It is very useful to all the web designers to consider these important points while starting their own business .
thank you for providing such an informative article. this will surely help me creating business plan.
I suggest to start with the lean canvas. It’s a 1-page business plan and you can fill it and save it online. It’s free as far as I remember.
Thanks for the suggestion Jean 🙂
This is a very handy guide. Especially when there are so many younger people entering the market place who are just trying to make a buck. Things are hard enough to figure out on your own. Guides like this are extremely useful!
This article is very informative and helpful. Thanks for sharing this.
You’re very welcome Luke 🙂
I had a business model in my mind but was a bit confused as to how to work towards it and from where to start, thanks for the great pointers and for making it a lot easier for me to work on it. The pointers were really brief, valid and to the point.
You’re welcome I am glad it helped so much 🙂
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How to Write a Business Plan in 9 Steps (+ Template and Examples)
Every successful business has one thing in common, a good and well-executed business plan. A business plan is more than a document, it is a complete guide that outlines the goals your business wants to achieve, including its financial goals . It helps you analyze results, make strategic decisions, show your business operations and growth.
If you want to start a business or already have one and need to pitch it to investors for funding, writing a good business plan improves your chances of attracting financiers. As a startup, if you want to secure loans from financial institutions, part of the requirements involve submitting your business plan.
Writing a business plan does not have to be a complicated or time-consuming process. In this article, you will learn the step-by-step process for writing a successful business plan.
You will also learn what you need a business plan for, tips and strategies for writing a convincing business plan, business plan examples and templates that will save you tons of time, and the alternatives to the traditional business plan.
Let’s get started.
What Do You Need A Business Plan For?
Businesses create business plans for different purposes such as to secure funds, monitor business growth, measure your marketing strategies, and measure your business success.
1. Secure Funds
One of the primary reasons for writing a business plan is to secure funds, either from financial institutions/agencies or investors.
For you to effectively acquire funds, your business plan must contain the key elements of your business plan . For example, your business plan should include your growth plans, goals you want to achieve, and milestones you have recorded.
A business plan can also attract new business partners that are willing to contribute financially and intellectually. If you are writing a business plan to a bank, your project must show your traction , that is, the proof that you can pay back any loan borrowed.
Also, if you are writing to an investor, your plan must contain evidence that you can effectively utilize the funds you want them to invest in your business. Here, you are using your business plan to persuade a group or an individual that your business is a source of a good investment.
2. Monitor Business Growth
A business plan can help you track cash flows in your business. It steers your business to greater heights. A business plan capable of tracking business growth should contain:
- The business goals
- Methods to achieve the goals
- Time-frame for attaining those goals
A good business plan should guide you through every step in achieving your goals. It can also track the allocation of assets to every aspect of the business. You can tell when you are spending more than you should on a project.
You can compare a business plan to a written GPS. It helps you manage your business and hints at the right time to expand your business.
3. Measure Business Success
A business plan can help you measure your business success rate. Some small-scale businesses are thriving better than more prominent companies because of their track record of success.
Right from the onset of your business operation, set goals and work towards them. Write a plan to guide you through your procedures. Use your plan to measure how much you have achieved and how much is left to attain.
You can also weigh your success by monitoring the position of your brand relative to competitors. On the other hand, a business plan can also show you why you have not achieved a goal. It can tell if you have elapsed the time frame you set to attain a goal.
4. Document Your Marketing Strategies
You can use a business plan to document your marketing plans. Every business should have an effective marketing plan.
Competition mandates every business owner to go the extraordinary mile to remain relevant in the market. Your business plan should contain your marketing strategies that work. You can measure the success rate of your marketing plans.
In your business plan, your marketing strategy must answer the questions:
- How do you want to reach your target audience?
- How do you plan to retain your customers?
- What is/are your pricing plans?
- What is your budget for marketing?
![sample business plan for web development company Business Plan Infographic](https://www.founderjar.com/wp-content/uploads/2021/07/Business-Plan-Infographic.jpg)
How to Write a Business Plan Step-by-Step
1. create your executive summary.
The executive summary is a snapshot of your business or a high-level overview of your business purposes and plans . Although the executive summary is the first section in your business plan, most people write it last. The length of the executive summary is not more than two pages.
![sample business plan for web development company Executive Summary of the business plan](https://www.founderjar.com/wp-content/uploads/2021/07/Executive-Summary-of-the-business-plan.jpg)
Generally, there are nine sections in a business plan, the executive summary should condense essential ideas from the other eight sections.
A good executive summary should do the following:
- A Snapshot of Growth Potential. Briefly inform the reader about your company and why it will be successful)
- Contain your Mission Statement which explains what the main objective or focus of your business is.
- Product Description and Differentiation. Brief description of your products or services and why it is different from other solutions in the market.
- The Team. Basic information about your company’s leadership team and employees
- Business Concept. A solid description of what your business does.
- Target Market. The customers you plan to sell to.
- Marketing Strategy. Your plans on reaching and selling to your customers
- Current Financial State. Brief information about what revenue your business currently generates.
- Projected Financial State. Brief information about what you foresee your business revenue to be in the future.
The executive summary is the make-or-break section of your business plan. If your summary cannot in less than two pages cannot clearly describe how your business will solve a particular problem of your target audience and make a profit, your business plan is set on a faulty foundation.
Avoid using the executive summary to hype your business, instead, focus on helping the reader understand the what and how of your plan.
View the executive summary as an opportunity to introduce your vision for your company. You know your executive summary is powerful when it can answer these key questions:
- Who is your target audience?
- What sector or industry are you in?
- What are your products and services?
- What is the future of your industry?
- Is your company scaleable?
- Who are the owners and leaders of your company? What are their backgrounds and experience levels?
- What is the motivation for starting your company?
- What are the next steps?
Writing the executive summary last although it is the most important section of your business plan is an excellent idea. The reason why is because it is a high-level overview of your business plan. It is the section that determines whether potential investors and lenders will read further or not.
The executive summary can be a stand-alone document that covers everything in your business plan. It is not uncommon for investors to request only the executive summary when evaluating your business. If the information in the executive summary impresses them, they will ask for the complete business plan.
If you are writing your business plan for your planning purposes, you do not need to write the executive summary.
2. Add Your Company Overview
The company overview or description is the next section in your business plan after the executive summary. It describes what your business does.
Adding your company overview can be tricky especially when your business is still in the planning stages. Existing businesses can easily summarize their current operations but may encounter difficulties trying to explain what they plan to become.
Your company overview should contain the following:
- What products and services you will provide
- Geographical markets and locations your company have a presence
- What you need to run your business
- Who your target audience or customers are
- Who will service your customers
- Your company’s purpose, mission, and vision
- Information about your company’s founders
- Who the founders are
- Notable achievements of your company so far
When creating a company overview, you have to focus on three basics: identifying your industry, identifying your customer, and explaining the problem you solve.
If you are stuck when creating your company overview, try to answer some of these questions that pertain to you.
- Who are you targeting? (The answer is not everyone)
- What pain point does your product or service solve for your customers that they will be willing to spend money on resolving?
- How does your product or service overcome that pain point?
- Where is the location of your business?
- What products, equipment, and services do you need to run your business?
- How is your company’s product or service different from your competition in the eyes of your customers?
- How many employees do you need and what skills do you require them to have?
After answering some or all of these questions, you will get more than enough information you need to write your company overview or description section. When writing this section, describe what your company does for your customers.
![sample business plan for web development company It describes what your business does](https://www.founderjar.com/wp-content/uploads/2021/07/Company-Description-describes-what-your-business-does.jpg)
The company description or overview section contains three elements: mission statement, history, and objectives.
- Mission Statement
The mission statement refers to the reason why your business or company is existing. It goes beyond what you do or sell, it is about the ‘why’. A good mission statement should be emotional and inspirational.
Your mission statement should follow the KISS rule (Keep It Simple, Stupid). For example, Shopify’s mission statement is “Make commerce better for everyone.”
When describing your company’s history, make it simple and avoid the temptation of tying it to a defensive narrative. Write it in the manner you would a profile. Your company’s history should include the following information:
- Founding Date
- Major Milestones
- Location(s)
- Flagship Products or Services
- Number of Employees
- Executive Leadership Roles
When you fill in this information, you use it to write one or two paragraphs about your company’s history.
Business Objectives
Your business objective must be SMART (specific, measurable, achievable, realistic, and time-bound.) Failure to clearly identify your business objectives does not inspire confidence and makes it hard for your team members to work towards a common purpose.
3. Perform Market and Competitive Analyses to Proof a Big Enough Business Opportunity
The third step in writing a business plan is the market and competitive analysis section. Every business, no matter the size, needs to perform comprehensive market and competitive analyses before it enters into a market.
Performing market and competitive analyses are critical for the success of your business. It helps you avoid entering the right market with the wrong product, or vice versa. Anyone reading your business plans, especially financiers and financial institutions will want to see proof that there is a big enough business opportunity you are targeting.
This section is where you describe the market and industry you want to operate in and show the big opportunities in the market that your business can leverage to make a profit. If you noticed any unique trends when doing your research, show them in this section.
Market analysis alone is not enough, you have to add competitive analysis to strengthen this section. There are already businesses in the industry or market, how do you plan to take a share of the market from them?
You have to clearly illustrate the competitive landscape in your business plan. Are there areas your competitors are doing well? Are there areas where they are not doing so well? Show it.
Make it clear in this section why you are moving into the industry and what weaknesses are present there that you plan to explain. How are your competitors going to react to your market entry? How do you plan to get customers? Do you plan on taking your competitors' competitors, tap into other sources for customers, or both?
Illustrate the competitive landscape as well. What are your competitors doing well and not so well?
Answering these questions and thoughts will aid your market and competitive analysis of the opportunities in your space. Depending on how sophisticated your industry is, or the expectations of your financiers, you may need to carry out a more comprehensive market and competitive analysis to prove that big business opportunity.
Instead of looking at the market and competitive analyses as one entity, separating them will make the research even more comprehensive.
Market Analysis
Market analysis, boarding speaking, refers to research a business carried out on its industry, market, and competitors. It helps businesses gain a good understanding of their target market and the outlook of their industry. Before starting a company, it is vital to carry out market research to find out if the market is viable.
![sample business plan for web development company Market Analysis for Online Business](https://www.founderjar.com/wp-content/uploads/2021/07/Market-Analysis-for-Online-Business.jpg)
The market analysis section is a key part of the business plan. It is the section where you identify who your best clients or customers are. You cannot omit this section, without it your business plan is incomplete.
A good market analysis will tell your readers how you fit into the existing market and what makes you stand out. This section requires in-depth research, it will probably be the most time-consuming part of the business plan to write.
- Market Research
To create a compelling market analysis that will win over investors and financial institutions, you have to carry out thorough market research . Your market research should be targeted at your primary target market for your products or services. Here is what you want to find out about your target market.
- Your target market’s needs or pain points
- The existing solutions for their pain points
- Geographic Location
- Demographics
The purpose of carrying out a marketing analysis is to get all the information you need to show that you have a solid and thorough understanding of your target audience.
Only after you have fully understood the people you plan to sell your products or services to, can you evaluate correctly if your target market will be interested in your products or services.
You can easily convince interested parties to invest in your business if you can show them you thoroughly understand the market and show them that there is a market for your products or services.
How to Quantify Your Target Market
One of the goals of your marketing research is to understand who your ideal customers are and their purchasing power. To quantify your target market, you have to determine the following:
- Your Potential Customers: They are the people you plan to target. For example, if you sell accounting software for small businesses , then anyone who runs an enterprise or large business is unlikely to be your customers. Also, individuals who do not have a business will most likely not be interested in your product.
- Total Households: If you are selling household products such as heating and air conditioning systems, determining the number of total households is more important than finding out the total population in the area you want to sell to. The logic is simple, people buy the product but it is the household that uses it.
- Median Income: You need to know the median income of your target market. If you target a market that cannot afford to buy your products and services, your business will not last long.
- Income by Demographics: If your potential customers belong to a certain age group or gender, determining income levels by demographics is necessary. For example, if you sell men's clothes, your target audience is men.
What Does a Good Market Analysis Entail?
Your business does not exist on its own, it can only flourish within an industry and alongside competitors. Market analysis takes into consideration your industry, target market, and competitors. Understanding these three entities will drastically improve your company’s chances of success.
![sample business plan for web development company Market Analysis Steps](https://www.founderjar.com/wp-content/uploads/2021/07/Market-Analysis-Steps.jpg)
You can view your market analysis as an examination of the market you want to break into and an education on the emerging trends and themes in that market. Good market analyses include the following:
- Industry Description. You find out about the history of your industry, the current and future market size, and who the largest players/companies are in your industry.
- Overview of Target Market. You research your target market and its characteristics. Who are you targeting? Note, it cannot be everyone, it has to be a specific group. You also have to find out all information possible about your customers that can help you understand how and why they make buying decisions.
- Size of Target Market: You need to know the size of your target market, how frequently they buy, and the expected quantity they buy so you do not risk overproducing and having lots of bad inventory. Researching the size of your target market will help you determine if it is big enough for sustained business or not.
- Growth Potential: Before picking a target market, you want to be sure there are lots of potential for future growth. You want to avoid going for an industry that is declining slowly or rapidly with almost zero growth potential.
- Market Share Potential: Does your business stand a good chance of taking a good share of the market?
- Market Pricing and Promotional Strategies: Your market analysis should give you an idea of the price point you can expect to charge for your products and services. Researching your target market will also give you ideas of pricing strategies you can implement to break into the market or to enjoy maximum profits.
- Potential Barriers to Entry: One of the biggest benefits of conducting market analysis is that it shows you every potential barrier to entry your business will likely encounter. It is a good idea to discuss potential barriers to entry such as changing technology. It informs readers of your business plan that you understand the market.
- Research on Competitors: You need to know the strengths and weaknesses of your competitors and how you can exploit them for the benefit of your business. Find patterns and trends among your competitors that make them successful, discover what works and what doesn’t, and see what you can do better.
The market analysis section is not just for talking about your target market, industry, and competitors. You also have to explain how your company can fill the hole you have identified in the market.
Here are some questions you can answer that can help you position your product or service in a positive light to your readers.
- Is your product or service of superior quality?
- What additional features do you offer that your competitors do not offer?
- Are you targeting a ‘new’ market?
Basically, your market analysis should include an analysis of what already exists in the market and an explanation of how your company fits into the market.
Competitive Analysis
In the competitive analysis section, y ou have to understand who your direct and indirect competitions are, and how successful they are in the marketplace. It is the section where you assess the strengths and weaknesses of your competitors, the advantage(s) they possess in the market and show the unique features or qualities that make you different from your competitors.
![sample business plan for web development company Four Steps to Create a Competitive Marketing Analysis](https://www.founderjar.com/wp-content/uploads/2021/07/Four-Steps-to-Create-a-Competitive-Marketing-Analysis.jpg)
Many businesses do market analysis and competitive analysis together. However, to fully understand what the competitive analysis entails, it is essential to separate it from the market analysis.
Competitive analysis for your business can also include analysis on how to overcome barriers to entry in your target market.
The primary goal of conducting a competitive analysis is to distinguish your business from your competitors. A strong competitive analysis is essential if you want to convince potential funding sources to invest in your business. You have to show potential investors and lenders that your business has what it takes to compete in the marketplace successfully.
Competitive analysis will s how you what the strengths of your competition are and what they are doing to maintain that advantage.
When doing your competitive research, you first have to identify your competitor and then get all the information you can about them. The idea of spending time to identify your competitor and learn everything about them may seem daunting but it is well worth it.
Find answers to the following questions after you have identified who your competitors are.
- What are your successful competitors doing?
- Why is what they are doing working?
- Can your business do it better?
- What are the weaknesses of your successful competitors?
- What are they not doing well?
- Can your business turn its weaknesses into strengths?
- How good is your competitors’ customer service?
- Where do your competitors invest in advertising?
- What sales and pricing strategies are they using?
- What marketing strategies are they using?
- What kind of press coverage do they get?
- What are their customers saying about your competitors (both the positive and negative)?
If your competitors have a website, it is a good idea to visit their websites for more competitors’ research. Check their “About Us” page for more information.
![sample business plan for web development company How to Perform Competitive Analysis](https://www.founderjar.com/wp-content/uploads/2021/07/How-to-Perform-Competitive-Analysis.jpg)
If you are presenting your business plan to investors, you need to clearly distinguish yourself from your competitors. Investors can easily tell when you have not properly researched your competitors.
Take time to think about what unique qualities or features set you apart from your competitors. If you do not have any direct competition offering your product to the market, it does not mean you leave out the competitor analysis section blank. Instead research on other companies that are providing a similar product, or whose product is solving the problem your product solves.
The next step is to create a table listing the top competitors you want to include in your business plan. Ensure you list your business as the last and on the right. What you just created is known as the competitor analysis table.
Direct vs Indirect Competition
You cannot know if your product or service will be a fit for your target market if you have not understood your business and the competitive landscape.
There is no market you want to target where you will not encounter competition, even if your product is innovative. Including competitive analysis in your business plan is essential.
If you are entering an established market, you need to explain how you plan to differentiate your products from the available options in the market. Also, include a list of few companies that you view as your direct competitors The competition you face in an established market is your direct competition.
In situations where you are entering a market with no direct competition, it does not mean there is no competition there. Consider your indirect competition that offers substitutes for the products or services you offer.
For example, if you sell an innovative SaaS product, let us say a project management software , a company offering time management software is your indirect competition.
There is an easy way to find out who your indirect competitors are in the absence of no direct competitors. You simply have to research how your potential customers are solving the problems that your product or service seeks to solve. That is your direct competition.
Factors that Differentiate Your Business from the Competition
There are three main factors that any business can use to differentiate itself from its competition. They are cost leadership, product differentiation, and market segmentation.
1. Cost Leadership
A strategy you can impose to maximize your profits and gain an edge over your competitors. It involves offering lower prices than what the majority of your competitors are offering.
A common practice among businesses looking to enter into a market where there are dominant players is to use free trials or pricing to attract as many customers as possible to their offer.
2. Product Differentiation
Your product or service should have a unique selling proposition (USP) that your competitors do not have or do not stress in their marketing.
Part of the marketing strategy should involve making your products unique and different from your competitors. It does not have to be different from your competitors, it can be the addition to a feature or benefit that your competitors do not currently have.
3. Market Segmentation
As a new business seeking to break into an industry, you will gain more success from focusing on a specific niche or target market, and not the whole industry.
If your competitors are focused on a general need or target market, you can differentiate yourself from them by having a small and hyper-targeted audience. For example, if your competitors are selling men’s clothes in their online stores , you can sell hoodies for men.
4. Define Your Business and Management Structure
The next step in your business plan is your business and management structure. It is the section where you describe the legal structure of your business and the team running it.
Your business is only as good as the management team that runs it, while the management team can only strive when there is a proper business and management structure in place.
If your company is a sole proprietor or a limited liability company (LLC), a general or limited partnership, or a C or an S corporation, state it clearly in this section.
Use an organizational chart to show the management structure in your business. Clearly show who is in charge of what area in your company. It is where you show how each key manager or team leader’s unique experience can contribute immensely to the success of your company. You can also opt to add the resumes and CVs of the key players in your company.
The business and management structure section should show who the owner is, and other owners of the businesses (if the business has other owners). For businesses or companies with multiple owners, include the percent ownership of the various owners and clearly show the extent of each others’ involvement in the company.
Investors want to know who is behind the company and the team running it to determine if it has the right management to achieve its set goals.
![](http://writinghelp.online/777/templates/cheerup/res/banner1.gif)
Management Team
The management team section is where you show that you have the right team in place to successfully execute the business operations and ideas. Take time to create the management structure for your business. Think about all the important roles and responsibilities that you need managers for to grow your business.
Include brief bios of each key team member and ensure you highlight only the relevant information that is needed. If your team members have background industry experience or have held top positions for other companies and achieved success while filling that role, highlight it in this section.
![sample business plan for web development company Create Management Team For Business Plan](https://www.founderjar.com/wp-content/uploads/2021/07/Create-Management-Team-For-Business-Plan.jpg)
A common mistake that many startups make is assigning C-level titles such as (CMO and CEO) to everyone on their team. It is unrealistic for a small business to have those titles. While it may look good on paper for the ego of your team members, it can prevent investors from investing in your business.
Instead of building an unrealistic management structure that does not fit your business reality, it is best to allow business titles to grow as the business grows. Starting everyone at the top leaves no room for future change or growth, which is bad for productivity.
Your management team does not have to be complete before you start writing your business plan. You can have a complete business plan even when there are managerial positions that are empty and need filling.
If you have management gaps in your team, simply show the gaps and indicate you are searching for the right candidates for the role(s). Investors do not expect you to have a full management team when you are just starting your business.
Key Questions to Answer When Structuring Your Management Team
- Who are the key leaders?
- What experiences, skills, and educational backgrounds do you expect your key leaders to have?
- Do your key leaders have industry experience?
- What positions will they fill and what duties will they perform in those positions?
- What level of authority do the key leaders have and what are their responsibilities?
- What is the salary for the various management positions that will attract the ideal candidates?
Additional Tips for Writing the Management Structure Section
1. Avoid Adding ‘Ghost’ Names to Your Management Team
There is always that temptation to include a ‘ghost’ name to your management team to attract and influence investors to invest in your business. Although the presence of these celebrity management team members may attract the attention of investors, it can cause your business to lose any credibility if you get found out.
Seasoned investors will investigate further the members of your management team before committing fully to your business If they find out that the celebrity name used does not play any actual role in your business, they will not invest and may write you off as dishonest.
2. Focus on Credentials But Pay Extra Attention to the Roles
Investors want to know the experience that your key team members have to determine if they can successfully reach the company’s growth and financial goals.
While it is an excellent boost for your key management team to have the right credentials, you also want to pay extra attention to the roles they will play in your company.
Organizational Chart
![sample business plan for web development company Organizational chart Infographic](https://www.founderjar.com/wp-content/uploads/2021/07/An-organizational-chart-helps-to-identify-how-best-to-structure-your-management-team.jpg)
Adding an organizational chart in this section of your business plan is not necessary, you can do it in your business plan’s appendix.
If you are exploring funding options, it is not uncommon to get asked for your organizational chart. The function of an organizational chart goes beyond raising money, you can also use it as a useful planning tool for your business.
An organizational chart can help you identify how best to structure your management team for maximum productivity and point you towards key roles you need to fill in the future.
You can use the organizational chart to show your company’s internal management structure such as the roles and responsibilities of your management team, and relationships that exist between them.
5. Describe Your Product and Service Offering
In your business plan, you have to describe what you sell or the service you plan to offer. It is the next step after defining your business and management structure. The products and services section is where you sell the benefits of your business.
Here you have to explain how your product or service will benefit your customers and describe your product lifecycle. It is also the section where you write down your plans for intellectual property like patent filings and copyrighting.
The research and development that you are undertaking for your product or service need to be explained in detail in this section. However, do not get too technical, sell the general idea and its benefits.
If you have any diagrams or intricate designs of your product or service, do not include them in the products and services section. Instead, leave them for the addendum page. Also, if you are leaving out diagrams or designs for the addendum, ensure you add this phrase “For more detail, visit the addendum Page #.”
Your product and service section in your business plan should include the following:
- A detailed explanation that clearly shows how your product or service works.
- The pricing model for your product or service.
- Your business’ sales and distribution strategy.
- The ideal customers that want your product or service.
- The benefits of your products and services.
- Reason(s) why your product or service is a better alternative to what your competitors are currently offering in the market.
- Plans for filling the orders you receive
- If you have current or pending patents, copyrights, and trademarks for your product or service, you can also discuss them in this section.
What to Focus On When Describing the Benefits, Lifecycle, and Production Process of Your Products or Services
In the products and services section, you have to distill the benefits, lifecycle, and production process of your products and services.
When describing the benefits of your products or services, here are some key factors to focus on.
- Unique features
- Translating the unique features into benefits
- The emotional, psychological, and practical payoffs to attract customers
- Intellectual property rights or any patents
When describing the product life cycle of your products or services, here are some key factors to focus on.
- Upsells, cross-sells, and down-sells
- Time between purchases
- Plans for research and development.
When describing the production process for your products or services, you need to think about the following:
- The creation of new or existing products and services.
- The sources for the raw materials or components you need for production.
- Assembling the products
- Maintaining quality control
- Supply-chain logistics (receiving the raw materials and delivering the finished products)
- The day-to-day management of the production processes, bookkeeping, and inventory.
Tips for Writing the Products or Services Section of Your Business Plan
1. Avoid Technical Descriptions and Industry Buzzwords
The products and services section of your business plan should clearly describe the products and services that your company provides. However, it is not a section to include technical jargons that anyone outside your industry will not understand.
A good practice is to remove highly detailed or technical descriptions in favor of simple terms. Industry buzzwords are not necessary, if there are simpler terms you can use, then use them. If you plan to use your business plan to source funds, making the product or service section so technical will do you no favors.
2. Describe How Your Products or Services Differ from Your Competitors
When potential investors look at your business plan, they want to know how the products and services you are offering differ from that of your competition. Differentiating your products or services from your competition in a way that makes your solution more attractive is critical.
If you are going the innovative path and there is no market currently for your product or service, you need to describe in this section why the market needs your product or service.
For example, overnight delivery was a niche business that only a few companies were participating in. Federal Express (FedEx) had to show in its business plan that there was a large opportunity for that service and they justified why the market needed that service.
3. Long or Short Products or Services Section
Should your products or services section be short? Does the long products or services section attract more investors?
There are no straightforward answers to these questions. Whether your products or services section should be long or relatively short depends on the nature of your business.
If your business is product-focused, then automatically you need to use more space to describe the details of your products. However, if the product your business sells is a commodity item that relies on competitive pricing or other pricing strategies, you do not have to use up so much space to provide significant details about the product.
Likewise, if you are selling a commodity that is available in numerous outlets, then you do not have to spend time on writing a long products or services section.
The key to the success of your business is most likely the effectiveness of your marketing strategies compared to your competitors. Use more space to address that section.
If you are creating a new product or service that the market does not know about, your products or services section can be lengthy. The reason why is because you need to explain everything about the product or service such as the nature of the product, its use case, and values.
A short products or services section for an innovative product or service will not give the readers enough information to properly evaluate your business.
4. Describe Your Relationships with Vendors or Suppliers
Your business will rely on vendors or suppliers to supply raw materials or the components needed to make your products. In your products and services section, describe your relationships with your vendors and suppliers fully.
Avoid the mistake of relying on only one supplier or vendor. If that supplier or vendor fails to supply or goes out of business, you can easily face supply problems and struggle to meet your demands. Plan to set up multiple vendor or supplier relationships for better business stability.
5. Your Primary Goal Is to Convince Your Readers
The primary goal of your business plan is to convince your readers that your business is viable and to create a guide for your business to follow. It applies to the products and services section.
When drafting this section, think like the reader. See your reader as someone who has no idea about your products and services. You are using the products and services section to provide the needed information to help your reader understand your products and services. As a result, you have to be clear and to the point.
While you want to educate your readers about your products or services, you also do not want to bore them with lots of technical details. Show your products and services and not your fancy choice of words.
Your products and services section should provide the answer to the “what” question for your business. You and your management team may run the business, but it is your products and services that are the lifeblood of the business.
Key Questions to Answer When Writing your Products and Services Section
Answering these questions can help you write your products and services section quickly and in a way that will appeal to your readers.
- Are your products existing on the market or are they still in the development stage?
- What is your timeline for adding new products and services to the market?
- What are the positives that make your products and services different from your competitors?
- Do your products and services have any competitive advantage that your competitors’ products and services do not currently have?
- Do your products or services have any competitive disadvantages that you need to overcome to compete with your competitors? If your answer is yes, state how you plan to overcome them,
- How much does it cost to produce your products or services? How much do you plan to sell it for?
- What is the price for your products and services compared to your competitors? Is pricing an issue?
- What are your operating costs and will it be low enough for you to compete with your competitors and still take home a reasonable profit margin?
- What is your plan for acquiring your products? Are you involved in the production of your products or services?
- Are you the manufacturer and produce all the components you need to create your products? Do you assemble your products by using components supplied by other manufacturers? Do you purchase your products directly from suppliers or wholesalers?
- Do you have a steady supply of products that you need to start your business? (If your business is yet to kick-off)
- How do you plan to distribute your products or services to the market?
You can also hint at the marketing or promotion plans you have for your products or services such as how you plan to build awareness or retain customers. The next section is where you can go fully into details about your business’s marketing and sales plan.
6. Show and Explain Your Marketing and Sales Plan
Providing great products and services is wonderful, but it means nothing if you do not have a marketing and sales plan to inform your customers about them. Your marketing and sales plan is critical to the success of your business.
The sales and marketing section is where you show and offer a detailed explanation of your marketing and sales plan and how you plan to execute it. It covers your pricing plan, proposed advertising and promotion activities, activities and partnerships you need to make your business a success, and the benefits of your products and services.
There are several ways you can approach your marketing and sales strategy. Ideally, your marketing and sales strategy has to fit the unique needs of your business.
In this section, you describe how the plans your business has for attracting and retaining customers, and the exact process for making a sale happen. It is essential to thoroughly describe your complete marketing and sales plans because you are still going to reference this section when you are making financial projections for your business.
Outline Your Business’ Unique Selling Proposition (USP)
![sample business plan for web development company Unique Selling Proposition (USP)](https://www.founderjar.com/wp-content/uploads/2021/07/Unique-Selling-Proposition-USP.jpg)
The sales and marketing section is where you outline your business’s unique selling proposition (USP). When you are developing your unique selling proposition, think about the strongest reasons why people should buy from you over your competition. That reason(s) is most likely a good fit to serve as your unique selling proposition (USP).
Target Market and Target Audience
Plans on how to get your products or services to your target market and how to get your target audience to buy them go into this section. You also highlight the strengths of your business here, particularly what sets them apart from your competition.
![sample business plan for web development company Target Market Vs Target Audience](https://www.founderjar.com/wp-content/uploads/2021/07/Target-Market-Vs-Target-Audience.jpg)
Before you start writing your marketing and sales plan, you need to have properly defined your target audience and fleshed out your buyer persona. If you do not first understand the individual you are marketing to, your marketing and sales plan will lack any substance and easily fall.
Creating a Smart Marketing and Sales Plan
Marketing your products and services is an investment that requires you to spend money. Like any other investment, you have to generate a good return on investment (ROI) to justify using that marketing and sales plan. Good marketing and sales plans bring in high sales and profits to your company.
Avoid spending money on unproductive marketing channels. Do your research and find out the best marketing and sales plan that works best for your company.
Your marketing and sales plan can be broken into different parts: your positioning statement, pricing, promotion, packaging, advertising, public relations, content marketing, social media, and strategic alliances.
Your Positioning Statement
Your positioning statement is the first part of your marketing and sales plan. It refers to the way you present your company to your customers.
Are you the premium solution, the low-price solution, or are you the intermediary between the two extremes in the market? What do you offer that your competitors do not that can give you leverage in the market?
Before you start writing your positioning statement, you need to spend some time evaluating the current market conditions. Here are some questions that can help you to evaluate the market
- What are the unique features or benefits that you offer that your competitors lack?
- What are your customers’ primary needs and wants?
- Why should a customer choose you over your competition? How do you plan to differentiate yourself from the competition?
- How does your company’s solution compare with other solutions in the market?
After answering these questions, then you can start writing your positioning statement. Your positioning statement does not have to be in-depth or too long.
All you need to explain with your positioning statement are two focus areas. The first is the position of your company within the competitive landscape. The other focus area is the core value proposition that sets your company apart from other alternatives that your ideal customer might consider.
Here is a simple template you can use to develop a positioning statement.
For [description of target market] who [need of target market], [product or service] [how it meets the need]. Unlike [top competition], it [most essential distinguishing feature].
For example, let’s create the positioning statement for fictional accounting software and QuickBooks alternative , TBooks.
“For small business owners who need accounting services, TBooks is an accounting software that helps small businesses handle their small business bookkeeping basics quickly and easily. Unlike Wave, TBooks gives small businesses access to live sessions with top accountants.”
You can edit this positioning statement sample and fill it with your business details.
After writing your positioning statement, the next step is the pricing of your offerings. The overall positioning strategy you set in your positioning statement will often determine how you price your products or services.
Pricing is a powerful tool that sends a strong message to your customers. Failure to get your pricing strategy right can make or mar your business. If you are targeting a low-income audience, setting a premium price can result in low sales.
You can use pricing to communicate your positioning to your customers. For example, if you are offering a product at a premium price, you are sending a message to your customers that the product belongs to the premium category.
Basic Rules to Follow When Pricing Your Offering
Setting a price for your offering involves more than just putting a price tag on it. Deciding on the right pricing for your offering requires following some basic rules. They include covering your costs, primary and secondary profit center pricing, and matching the market rate.
- Covering Your Costs: The price you set for your products or service should be more than it costs you to produce and deliver them. Every business has the same goal, to make a profit. Depending on the strategy you want to use, there are exceptions to this rule. However, the vast majority of businesses follow this rule.
- Primary and Secondary Profit Center Pricing: When a company sets its price above the cost of production, it is making that product its primary profit center. A company can also decide not to make its initial price its primary profit center by selling below or at even with its production cost. It rather depends on the support product or even maintenance that is associated with the initial purchase to make its profit. The initial price thus became its secondary profit center.
- Matching the Market Rate: A good rule to follow when pricing your products or services is to match your pricing with consumer demand and expectations. If you price your products or services beyond the price your customer perceives as the ideal price range, you may end up with no customers. Pricing your products too low below what your customer perceives as the ideal price range may lead to them undervaluing your offering.
Pricing Strategy
Your pricing strategy influences the price of your offering. There are several pricing strategies available for you to choose from when examining the right pricing strategy for your business. They include cost-plus pricing, market-based pricing, value pricing, and more.
![sample business plan for web development company Pricing strategy influences the price of offering](https://www.founderjar.com/wp-content/uploads/2021/07/Pricing-strategy-influences-the-price-of-offering.jpg)
- Cost-plus Pricing: This strategy is one of the simplest and oldest pricing strategies. Here you consider the cost of producing a unit of your product and then add a profit to it to arrive at your market price. It is an effective pricing strategy for manufacturers because it helps them cover their initial costs. Another name for the cost-plus pricing strategy is the markup pricing strategy.
- Market-based Pricing: This pricing strategy analyses the market including competitors’ pricing and then sets a price based on what the market is expecting. With this pricing strategy, you can either set your price at the low-end or high-end of the market.
- Value Pricing: This pricing strategy involves setting a price based on the value you are providing to your customer. When adopting a value-based pricing strategy, you have to set a price that your customers are willing to pay. Service-based businesses such as small business insurance providers , luxury goods sellers, and the fashion industry use this pricing strategy.
After carefully sorting out your positioning statement and pricing, the next item to look at is your promotional strategy. Your promotional strategy explains how you plan on communicating with your customers and prospects.
As a business, you must measure all your costs, including the cost of your promotions. You also want to measure how much sales your promotions bring for your business to determine its usefulness. Promotional strategies or programs that do not lead to profit need to be removed.
There are different types of promotional strategies you can adopt for your business, they include advertising, public relations, and content marketing.
Advertising
Your business plan should include your advertising plan which can be found in the marketing and sales plan section. You need to include an overview of your advertising plans such as the areas you plan to spend money on to advertise your business and offers.
Ensure that you make it clear in this section if your business will be advertising online or using the more traditional offline media, or the combination of both online and offline media. You can also include the advertising medium you want to use to raise awareness about your business and offers.
Some common online advertising mediums you can use include social media ads, landing pages, sales pages, SEO, Pay-Per-Click, emails, Google Ads, and others. Some common traditional and offline advertising mediums include word of mouth, radios, direct mail, televisions, flyers, billboards, posters, and others.
A key component of your advertising strategy is how you plan to measure the effectiveness and success of your advertising campaign. There is no point in sticking with an advertising plan or medium that does not produce results for your business in the long run.
Public Relations
A great way to reach your customers is to get the media to cover your business or product. Publicity, especially good ones, should be a part of your marketing and sales plan. In this section, show your plans for getting prominent reviews of your product from reputable publications and sources.
Your business needs that exposure to grow. If public relations is a crucial part of your promotional strategy, provide details about your public relations plan here.
Content Marketing
Content marketing is a popular promotional strategy used by businesses to inform and attract their customers. It is about teaching and educating your prospects on various topics of interest in your niche, it does not just involve informing them about the benefits and features of the products and services you have,
![sample business plan for web development company The Benefits of Content Marketing](https://www.founderjar.com/wp-content/uploads/2021/07/The-Benefits-of-Content-Marketing.jpg)
Businesses publish content usually for free where they provide useful information, tips, and advice so that their target market can be made aware of the importance of their products and services. Content marketing strategies seek to nurture prospects into buyers over time by simply providing value.
Your company can create a blog where it will be publishing content for its target market. You will need to use the best website builder such as Wix and Squarespace and the best web hosting services such as Bluehost, Hostinger, and other Bluehost alternatives to create a functional blog or website.
If content marketing is a crucial part of your promotional strategy (as it should be), detail your plans under promotions.
Including high-quality images of the packaging of your product in your business plan is a lovely idea. You can add the images of the packaging of that product in the marketing and sales plan section. If you are not selling a product, then you do not need to include any worry about the physical packaging of your product.
When organizing the packaging section of your business plan, you can answer the following questions to make maximum use of this section.
- Is your choice of packaging consistent with your positioning strategy?
- What key value proposition does your packaging communicate? (It should reflect the key value proposition of your business)
- How does your packaging compare to that of your competitors?
Social Media
Your 21st-century business needs to have a good social media presence. Not having one is leaving out opportunities for growth and reaching out to your prospect.
You do not have to join the thousands of social media platforms out there. What you need to do is join the ones that your customers are active on and be active there.
![sample business plan for web development company Most popular social media platforms](https://www.founderjar.com/wp-content/uploads/2021/07/Most-popular-social-media-platforms.jpg)
Businesses use social media to provide information about their products such as promotions, discounts, the benefits of their products, and content on their blogs.
Social media is also a platform for engaging with your customers and getting feedback about your products or services. Make no mistake, more and more of your prospects are using social media channels to find more information about companies.
You need to consider the social media channels you want to prioritize your business (prioritize the ones your customers are active in) and your branding plans in this section.
![sample business plan for web development company Choosing the right social media platform](https://www.founderjar.com/wp-content/uploads/2021/07/Choosing-the-right-social-media-platform.jpg)
Strategic Alliances
If your company plans to work closely with other companies as part of your sales and marketing plan, include it in this section. Prove details about those partnerships in your business plan if you have already established them.
Strategic alliances can be beneficial for all parties involved including your company. Working closely with another company in the form of a partnership can provide access to a different target market segment for your company.
The company you are partnering with may also gain access to your target market or simply offer a new product or service (that of your company) to its customers.
Mutually beneficial partnerships can cover the weaknesses of one company with the strength of another. You should consider strategic alliances with companies that sell complimentary products to yours. For example, if you provide printers, you can partner with a company that produces ink since the customers that buy printers from you will also need inks for printing.
Steps Involved in Creating a Marketing and Sales Plan
1. Focus on Your Target Market
Identify who your customers are, the market you want to target. Then determine the best ways to get your products or services to your potential customers.
2. Evaluate Your Competition
One of the goals of having a marketing plan is to distinguish yourself from your competition. You cannot stand out from them without first knowing them in and out.
You can know your competitors by gathering information about their products, pricing, service, and advertising campaigns.
These questions can help you know your competition.
- What makes your competition successful?
- What are their weaknesses?
- What are customers saying about your competition?
3. Consider Your Brand
Customers' perception of your brand has a strong impact on your sales. Your marketing and sales plan should seek to bolster the image of your brand. Before you start marketing your business, think about the message you want to pass across about your business and your products and services.
4. Focus on Benefits
The majority of your customers do not view your product in terms of features, what they want to know is the benefits and solutions your product offers. Think about the problems your product solves and the benefits it delivers, and use it to create the right sales and marketing message.
Your marketing plan should focus on what you want your customer to get instead of what you provide. Identify those benefits in your marketing and sales plan.
5. Focus on Differentiation
Your marketing and sales plan should look for a unique angle they can take that differentiates your business from the competition, even if the products offered are similar. Some good areas of differentiation you can use are your benefits, pricing, and features.
Key Questions to Answer When Writing Your Marketing and Sales Plan
- What is your company’s budget for sales and marketing campaigns?
- What key metrics will you use to determine if your marketing plans are successful?
- What are your alternatives if your initial marketing efforts do not succeed?
- Who are the sales representatives you need to promote your products or services?
- What are the marketing and sales channels you plan to use? How do you plan to get your products in front of your ideal customers?
- Where will you sell your products?
You may want to include samples of marketing materials you plan to use such as print ads, website descriptions, and social media ads. While it is not compulsory to include these samples, it can help you better communicate your marketing and sales plan and objectives.
The purpose of the marketing and sales section is to answer this question “How will you reach your customers?” If you cannot convincingly provide an answer to this question, you need to rework your marketing and sales section.
7. Clearly Show Your Funding Request
If you are writing your business plan to ask for funding from investors or financial institutions, the funding request section is where you will outline your funding requirements. The funding request section should answer the question ‘How much money will your business need in the near future (3 to 5 years)?’
A good funding request section will clearly outline and explain the amount of funding your business needs over the next five years. You need to know the amount of money your business needs to make an accurate funding request.
Also, when writing your funding request, provide details of how the funds will be used over the period. Specify if you want to use the funds to buy raw materials or machinery, pay salaries, pay for advertisements, and cover specific bills such as rent and electricity.
In addition to explaining what you want to use the funds requested for, you need to clearly state the projected return on investment (ROI) . Investors and creditors want to know if your business can generate profit for them if they put funds into it.
Ensure you do not inflate the figures and stay as realistic as possible. Investors and financial institutions you are seeking funds from will do their research before investing money in your business.
If you are not sure of an exact number to request from, you can use some range of numbers as rough estimates. Add a best-case scenario and a work-case scenario to your funding request. Also, include a description of your strategic future financial plans such as selling your business or paying off debts.
Funding Request: Debt or Equity?
When making your funding request, specify the type of funding you want. Do you want debt or equity? Draw out the terms that will be applicable for the funding, and the length of time the funding request will cover.
Case for Equity
If your new business has not yet started generating profits, you are most likely preparing to sell equity in your business to raise capital at the early stage. Equity here refers to ownership. In this case, you are selling a portion of your company to raise capital.
Although this method of raising capital for your business does not put your business in debt, keep in mind that an equity owner may expect to play a key role in company decisions even if he does not hold a major stake in the company.
Most equity sales for startups are usually private transactions . If you are making a funding request by offering equity in exchange for funding, let the investor know that they will be paid a dividend (a share of the company’s profit). Also, let the investor know the process for selling their equity in your business.
Case for Debt
You may decide not to offer equity in exchange for funds, instead, you make a funding request with the promise to pay back the money borrowed at the agreed time frame.
When making a funding request with an agreement to pay back, note that you will have to repay your creditors both the principal amount borrowed and the interest on it. Financial institutions offer this type of funding for businesses.
Large companies combine both equity and debt in their capital structure. When drafting your business plan, decide if you want to offer both or one over the other.
Before you sell equity in exchange for funding in your business, consider if you are willing to accept not being in total control of your business. Also, before you seek loans in your funding request section, ensure that the terms of repayment are favorable.
You should set a clear timeline in your funding request so that potential investors and creditors can know what you are expecting. Some investors and creditors may agree to your funding request and then delay payment for longer than 30 days, meanwhile, your business needs an immediate cash injection to operate efficiently.
Additional Tips for Writing the Funding Request Section of your Business Plan
The funding request section is not necessary for every business, it is only needed by businesses who plan to use their business plan to secure funding.
If you are adding the funding request section to your business plan, provide an itemized summary of how you plan to use the funds requested. Hiring a lawyer, accountant, or other professionals may be necessary for the proper development of this section.
You should also gather and use financial statements that add credibility and support to your funding requests. Ensure that the financial statements you use should include your projected financial data such as projected cash flows, forecast statements, and expenditure budgets.
If you are an existing business, include all historical financial statements such as cash flow statements, balance sheets and income statements .
Provide monthly and quarterly financial statements for a year. If your business has records that date back beyond the one-year mark, add the yearly statements of those years. These documents are for the appendix section of your business plan.
8. Detail Your Financial Plan, Metrics, and Projections
If you used the funding request section in your business plan, supplement it with a financial plan, metrics, and projections. This section paints a picture of the past performance of your business and then goes ahead to make an informed projection about its future.
The goal of this section is to convince readers that your business is going to be a financial success. It outlines your business plan to generate enough profit to repay the loan (with interest if applicable) and to generate a decent return on investment for investors.
If you have an existing business already in operation, use this section to demonstrate stability through finance. This section should include your cash flow statements, balance sheets, and income statements covering the last three to five years. If your business has some acceptable collateral that you can use to acquire loans, list it in the financial plan, metrics, and projection section.
Apart from current financial statements, this section should also contain a prospective financial outlook that spans the next five years. Include forecasted income statements, cash flow statements, balance sheets, and capital expenditure budget.
If your business is new and is not yet generating profit, use clear and realistic projections to show the potentials of your business.
When drafting this section, research industry norms and the performance of comparable businesses. Your financial projections should cover at least five years. State the logic behind your financial projections. Remember you can always make adjustments to this section as the variables change.
The financial plan, metrics, and projection section create a baseline which your business can either exceed or fail to reach. If your business fails to reach your projections in this section, you need to understand why it failed.
Investors and loan managers spend a lot of time going through the financial plan, metrics, and projection section compared to other parts of the business plan. Ensure you spend time creating credible financial analyses for your business in this section.
Many entrepreneurs find this section daunting to write. You do not need a business degree to create a solid financial forecast for your business. Business finances, especially for startups, are not as complicated as they seem. There are several online tools and templates that make writing this section so much easier.
Use Graphs and Charts
The financial plan, metrics, and projection section is a great place to use graphs and charts to tell the financial story of your business. Charts and images make it easier to communicate your finances.
Accuracy in this section is key, ensure you carefully analyze your past financial statements properly before making financial projects.
Address the Risk Factors and Show Realistic Financial Projections
Keep your financial plan, metrics, and projection realistic. It is okay to be optimistic in your financial projection, however, you have to justify it.
You should also address the various risk factors associated with your business in this section. Investors want to know the potential risks involved, show them. You should also show your plans for mitigating those risks.
What You Should In The Financial Plan, Metrics, and Projection Section of Your Business Plan
The financial plan, metrics, and projection section of your business plan should have monthly sales and revenue forecasts for the first year. It should also include annual projections that cover 3 to 5 years.
A three-year projection is a basic requirement to have in your business plan. However, some investors may request a five-year forecast.
Your business plan should include the following financial statements: sales forecast, personnel plan, income statement, income statement, cash flow statement, balance sheet, and an exit strategy.
1. Sales Forecast
Sales forecast refers to your projections about the number of sales your business is going to record over the next few years. It is typically broken into several rows, with each row assigned to a core product or service that your business is offering.
One common mistake people make in their business plan is to break down the sales forecast section into long details. A sales forecast should forecast the high-level details.
For example, if you are forecasting sales for a payroll software provider, you could break down your forecast into target market segments or subscription categories.
![sample business plan for web development company Benefits of Sales Forecasting](https://www.founderjar.com/wp-content/uploads/2021/07/Benefits-of-Sales-Forecasting.jpg)
Your sales forecast section should also have a corresponding row for each sales row to cover the direct cost or Cost of Goods Sold (COGS). The objective of these rows is to show the expenses that your business incurs in making and delivering your product or service.
Note that your Cost of Goods Sold (COGS) should only cover those direct costs incurred when making your products. Other indirect expenses such as insurance, salaries, payroll tax, and rent should not be included.
For example, the Cost of Goods Sold (COGS) for a restaurant is the cost of ingredients while for a consulting company it will be the cost of paper and other presentation materials.
![sample business plan for web development company Factors that affect sales forecasting](https://www.founderjar.com/wp-content/uploads/2021/07/Factors-that-affect-sales-forecasting.jpg)
2. Personnel Plan
The personnel plan section is where you provide details about the payment plan for your employees. For a small business, you can easily list every position in your company and how much you plan to pay in the personnel plan.
However, for larger businesses, you have to break the personnel plan into functional groups such as sales and marketing.
The personnel plan will also include the cost of an employee beyond salary, commonly referred to as the employee burden. These costs include insurance, payroll taxes , and other essential costs incurred monthly as a result of having employees on your payroll.
![sample business plan for web development company True HR Cost Infographic](https://www.founderjar.com/wp-content/uploads/2021/07/True-HR-Cost.jpg)
3. Income Statement
The income statement section shows if your business is making a profit or taking a loss. Another name for the income statement is the profit and loss (P&L). It takes data from your sales forecast and personnel plan and adds other ongoing expenses you incur while running your business.
![sample business plan for web development company The income statement section](https://www.founderjar.com/wp-content/uploads/2021/07/The-income-statement-section.jpg)
Every business plan should have an income statement. It subtracts your business expenses from its earnings to show if your business is generating profit or incurring losses.
The income statement has the following items: sales, Cost of Goods Sold (COGS), gross margin, operating expenses, total operating expenses, operating income , total expenses, and net profit.
- Sales refer to the revenue your business generates from selling its products or services. Other names for sales are income or revenue.
- Cost of Goods Sold (COGS) refers to the total cost of selling your products. Other names for COGS are direct costs or cost of sales. Manufacturing businesses use the Costs of Goods Manufactured (COGM) .
- Gross Margin is the figure you get when you subtract your COGS from your sales. In your income statement, you can express it as a percentage of total sales (Gross margin / Sales = Gross Margin Percent).
- Operating Expenses refer to all the expenses you incur from running your business. It exempts the COGS because it stands alone as a core part of your income statement. You also have to exclude taxes, depreciation, and amortization. Your operating expenses include salaries, marketing expenses, research and development (R&D) expenses, and other expenses.
- Total Operating Expenses refers to the sum of all your operating expenses including those exemptions named above under operating expenses.
- Operating Income refers to earnings before interest, taxes, depreciation, and amortization. It is simply known as the acronym EBITDA (earnings before interest, taxes, depreciation, and amortization). Calculating your operating income is simple, all you need to do is to subtract your COGS and total operating expenses from your sales.
- Total Expenses refer to the sum of your operating expenses and your business’ interest, taxes, depreciation, and amortization.
- Net profit shows whether your business has made a profit or taken a loss during a given timeframe.
4. Cash Flow Statement
The cash flow statement tracks the money you have in the bank at any given point. It is often confused with the income statement or the profit and loss statement. They are both different types of financial statements. The income statement calculates your profits and losses while the cash flow statement shows you how much you have in the bank.
![sample business plan for web development company Cash Flow Statement Example](https://www.founderjar.com/wp-content/uploads/2021/07/Cash-Flow-Statement-Example.jpg)
5. Balance Sheet
The balance sheet is a financial statement that provides an overview of the financial health of your business. It contains information about the assets and liabilities of your company, and owner’s or shareholders’ equity.
You can get the net worth of your company by subtracting your company’s liabilities from its assets.
![sample business plan for web development company Balance sheet Formula](https://www.founderjar.com/wp-content/uploads/2021/07/Balance-sheet-Formula.jpg)
6. Exit Strategy
The exit strategy refers to a probable plan for selling your business either to the public in an IPO or to another company. It is the last thing you include in the financial plan, metrics, and projection section.
You can choose to omit the exit strategy from your business plan if you plan to maintain full ownership of your business and do not plan on seeking angel investment or virtual capitalist (VC) funding.
Investors may want to know what your exit plan is. They invest in your business to get a good return on investment.
Your exit strategy does not have to include long and boring details. Ensure you identify some interested parties who may be interested in buying the company if it becomes a success.
![sample business plan for web development company Exit Strategy Section of Business Plan Infographic](https://www.founderjar.com/wp-content/uploads/2021/07/Exit-Strategy-Section-of-Business-Plan-Infographic.jpg)
Key Questions to Answer with Your Financial Plan, Metrics, and Projection
Your financial plan, metrics, and projection section helps investors, creditors, or your internal managers to understand what your expenses are, the amount of cash you need, and what it takes to make your company profitable. It also shows what you will be doing with any funding.
You do not need to show actual financial data if you do not have one. Adding forecasts and projections to your financial statements is added proof that your strategy is feasible and shows investors you have planned properly.
Here are some key questions to answer to help you develop this section.
- What is your sales forecast for the next year?
- When will your company achieve a positive cash flow?
- What are the core expenses you need to operate?
- How much money do you need upfront to operate or grow your company?
- How will you use the loans or investments?
9. Add an Appendix to Your Business Plan
Adding an appendix to your business plan is optional. It is a useful place to put any charts, tables, legal notes, definitions, permits, résumés, and other critical information that do not fit into other sections of your business plan.
The appendix section is where you would want to include details of a patent or patent-pending if you have one. You can always add illustrations or images of your products here. It is the last section of your business plan.
When writing your business plan, there are details you cut short or remove to prevent the entire section from becoming too lengthy. There are also details you want to include in the business plan but are not a good fit for any of the previous sections. You can add that additional information to the appendix section.
Businesses also use the appendix section to include supporting documents or other materials specially requested by investors or lenders.
You can include just about any information that supports the assumptions and statements you made in the business plan under the appendix. It is the one place in the business plan where unrelated data and information can coexist amicably.
If your appendix section is lengthy, try organizing it by adding a table of contents at the beginning of the appendix section. It is also advisable to group similar information to make it easier for the reader to access them.
A well-organized appendix section makes it easier to share your information clearly and concisely. Add footnotes throughout the rest of the business plan or make references in the plan to the documents in the appendix.
The appendix section is usually only necessary if you are seeking funding from investors or lenders, or hoping to attract partners.
People reading business plans do not want to spend time going through a heap of backup information, numbers, and charts. Keep these documents or information in the Appendix section in case the reader wants to dig deeper.
Common Items to Include in the Appendix Section of Your Business Plan
The appendix section includes documents that supplement or support the information or claims given in other sections of the business plans. Common items you can include in the appendix section include:
- Additional data about the process of manufacturing or creation
- Additional description of products or services such as product schematics
- Additional financial documents or projections
- Articles of incorporation and status
- Backup for market research or competitive analysis
- Bank statements
- Business registries
- Client testimonials (if your business is already running)
- Copies of insurances
- Credit histories (personal or/and business)
- Deeds and permits
- Equipment leases
- Examples of marketing and advertising collateral
- Industry associations and memberships
- Images of product
- Intellectual property
- Key customer contracts
- Legal documents and other contracts
- Letters of reference
- Links to references
- Market research data
- Organizational charts
- Photographs of potential facilities
- Professional licenses pertaining to your legal structure or type of business
- Purchase orders
- Resumes of the founder(s) and key managers
- State and federal identification numbers or codes
- Trademarks or patents’ registrations
Avoid using the appendix section as a place to dump any document or information you feel like adding. Only add documents or information that you support or increase the credibility of your business plan.
Tips and Strategies for Writing a Convincing Business Plan
To achieve a perfect business plan, you need to consider some key tips and strategies. These tips will raise the efficiency of your business plan above average.
1. Know Your Audience
When writing a business plan, you need to know your audience . Business owners write business plans for different reasons. Your business plan has to be specific. For example, you can write business plans to potential investors, banks, and even fellow board members of the company.
The audience you are writing to determines the structure of the business plan. As a business owner, you have to know your audience. Not everyone will be your audience. Knowing your audience will help you to narrow the scope of your business plan.
Consider what your audience wants to see in your projects, the likely questions they might ask, and what interests them.
- A business plan used to address a company's board members will center on its employment schemes, internal affairs, projects, stakeholders, etc.
- A business plan for financial institutions will talk about the size of your market and the chances for you to pay back any loans you demand.
- A business plan for investors will show proof that you can return the investment capital within a specific time. In addition, it discusses your financial projections, tractions, and market size.
2. Get Inspiration from People
Writing a business plan from scratch as an entrepreneur can be daunting. That is why you need the right inspiration to push you to write one. You can gain inspiration from the successful business plans of other businesses. Look at their business plans, the style they use, the structure of the project, etc.
To make your business plan easier to create, search companies related to your business to get an exact copy of what you need to create an effective business plan. You can also make references while citing examples in your business plans.
When drafting your business plan, get as much help from others as you possibly can. By getting inspiration from people, you can create something better than what they have.
3. Avoid Being Over Optimistic
Many business owners make use of strong adjectives to qualify their content. One of the big mistakes entrepreneurs make when preparing a business plan is promising too much.
The use of superlatives and over-optimistic claims can prepare the audience for more than you can offer. In the end, you disappoint the confidence they have in you.
In most cases, the best option is to be realistic with your claims and statistics. Most of the investors can sense a bit of incompetency from the overuse of superlatives. As a new entrepreneur, do not be tempted to over-promise to get the interests of investors.
The concept of entrepreneurship centers on risks, nothing is certain when you make future analyses. What separates the best is the ability to do careful research and work towards achieving that, not promising more than you can achieve.
To make an excellent first impression as an entrepreneur, replace superlatives with compelling data-driven content. In this way, you are more specific than someone promising a huge ROI from an investment.
4. Keep it Simple and Short
When writing business plans, ensure you keep them simple throughout. Irrespective of the purpose of the business plan, your goal is to convince the audience.
One way to achieve this goal is to make them understand your proposal. Therefore, it would be best if you avoid the use of complex grammar to express yourself. It would be a huge turn-off if the people you want to convince are not familiar with your use of words.
Another thing to note is the length of your business plan. It would be best if you made it as brief as possible.
You hardly see investors or agencies that read through an extremely long document. In that case, if your first few pages can’t convince them, then you have lost it. The more pages you write, the higher the chances of you derailing from the essential contents.
To ensure your business plan has a high conversion rate, you need to dispose of every unnecessary information. For example, if you have a strategy that you are not sure of, it would be best to leave it out of the plan.
5. Make an Outline and Follow Through
A perfect business plan must have touched every part needed to convince the audience. Business owners get easily tempted to concentrate more on their products than on other sections. Doing this can be detrimental to the efficiency of the business plan.
For example, imagine you talking about a product but omitting or providing very little information about the target audience. You will leave your clients confused.
To ensure that your business plan communicates your full business model to readers, you have to input all the necessary information in it. One of the best ways to achieve this is to design a structure and stick to it.
This structure is what guides you throughout the writing. To make your work easier, you can assign an estimated word count or page limit to every section to avoid making it too bulky for easy reading. As a guide, the necessary things your business plan must contain are:
- Table of contents
- Introduction
- Product or service description
- Target audience
- Market size
- Competition analysis
- Financial projections
Some specific businesses can include some other essential sections, but these are the key sections that must be in every business plan.
6. Ask a Professional to Proofread
When writing a business plan, you must tie all loose ends to get a perfect result. When you are done with writing, call a professional to go through the document for you. You are bound to make mistakes, and the way to correct them is to get external help.
You should get a professional in your field who can relate to every section of your business plan. It would be easier for the professional to notice the inner flaws in the document than an editor with no knowledge of your business.
In addition to getting a professional to proofread, get an editor to proofread and edit your document. The editor will help you identify grammatical errors, spelling mistakes, and inappropriate writing styles.
Writing a business plan can be daunting, but you can surmount that obstacle and get the best out of it with these tips.
Business Plan Examples and Templates That’ll Save You Tons of Time
1. hubspot's one-page business plan.
![sample business plan for web development company HubSpot's One Page Business Plan](https://www.founderjar.com/wp-content/uploads/2021/07/HubSpots-One-Page-Business-Plan.jpg)
The one-page business plan template by HubSpot is the perfect guide for businesses of any size, irrespective of their business strategy. Although the template is condensed into a page, your final business plan should not be a page long! The template is designed to ask helpful questions that can help you develop your business plan.
Hubspot’s one-page business plan template is divided into nine fields:
- Business opportunity
- Company description
- Industry analysis
- Target market
- Implementation timeline
- Marketing plan
- Financial summary
- Funding required
2. Bplan’s Free Business Plan Template
![sample business plan for web development company Bplan’s Free Business Plan Template](https://www.founderjar.com/wp-content/uploads/2021/07/Bplans-Free-Business-Plan-Template.jpg)
Bplans' free business plan template is investor-approved. It is a rich template used by prestigious educational institutions such as Babson College and Princeton University to teach entrepreneurs how to create a business plan.
The template has six sections: the executive summary, opportunity, execution, company, financial plan, and appendix. There is a step-by-step guide for writing every little detail in the business plan. Follow the instructions each step of the way and you will create a business plan that impresses investors or lenders easily.
3. HubSpot's Downloadable Business Plan Template
![sample business plan for web development company HubSpot's Downloadable Business Plan Template](https://www.founderjar.com/wp-content/uploads/2021/07/HubSpots-Downloadable-Business-Plan-Template.jpg)
HubSpot’s downloadable business plan template is a more comprehensive option compared to the one-page business template by HubSpot. This free and downloadable business plan template is designed for entrepreneurs.
The template is a comprehensive guide and checklist for business owners just starting their businesses. It tells you everything you need to fill in each section of the business plan and how to do it.
There are nine sections in this business plan template: an executive summary, company and business description, product and services line, market analysis, marketing plan, sales plan, legal notes, financial considerations, and appendix.
4. Business Plan by My Own Business Institute
![sample business plan for web development company The Business Profile](https://www.founderjar.com/wp-content/uploads/2021/07/The-Business-Profile.jpg)
My Own Business Institute (MOBI) which is a part of Santa Clara University's Center for Innovation and Entrepreneurship offers a free business plan template. You can either copy the free business template from the link provided above or download it as a Word document.
The comprehensive template consists of a whopping 15 sections.
- The Business Profile
- The Vision and the People
- Home-Based Business and Freelance Business Opportunities
- Organization
- Licenses and Permits
- Business Insurance
- Communication Tools
- Acquisitions
- Location and Leasing
- Accounting and Cash Flow
- Opening and Marketing
- Managing Employees
- Expanding and Handling Problems
There are lots of helpful tips on how to fill each section in the free business plan template by MOBI.
5. Score's Business Plan Template for Startups
![sample business plan for web development company Score's Business Plan Template for Startups](https://www.founderjar.com/wp-content/uploads/2021/07/Scores-Business-Plan-Template-for-Startups.jpg)
Score is an American nonprofit organization that helps entrepreneurs build successful companies. This business plan template for startups by Score is available for free download. The business plan template asks a whooping 150 generic questions that help entrepreneurs from different fields to set up the perfect business plan.
The business plan template for startups contains clear instructions and worksheets, all you have to do is answer the questions and fill the worksheets.
There are nine sections in the business plan template: executive summary, company description, products and services, marketing plan, operational plan, management and organization, startup expenses and capitalization, financial plan, and appendices.
The ‘refining the plan’ resource contains instructions that help you modify your business plan to suit your specific needs, industry, and target audience. After you have completed Score’s business plan template, you can work with a SCORE mentor for expert advice in business planning.
6. Minimalist Architecture Business Plan Template by Venngage
![sample business plan for web development company Minimalist Architecture Business Plan Template by Venngage](https://www.founderjar.com/wp-content/uploads/2021/07/Minimalist-Architecture-Business-Plan-Template-by-Venngage.jpg)
The minimalist architecture business plan template is a simple template by Venngage that you can customize to suit your business needs .
There are five sections in the template: an executive summary, statement of problem, approach and methodology, qualifications, and schedule and benchmark. The business plan template has instructions that guide users on what to fill in each section.
7. Small Business Administration Free Business Plan Template
![sample business plan for web development company Small Business Administration Free Business Plan Template](https://www.founderjar.com/wp-content/uploads/2021/07/Small-Business-Administration-Free-Business-Plan-Template.jpg)
The Small Business Administration (SBA) offers two free business plan templates, filled with practical real-life examples that you can model to create your business plan. Both free business plan templates are written by fictional business owners: Rebecca who owns a consulting firm, and Andrew who owns a toy company.
There are five sections in the two SBA’s free business plan templates.
- Executive Summary
- Company Description
- Service Line
- Marketing and Sales
8. The $100 Startup's One-Page Business Plan
![sample business plan for web development company The $100 Startup's One Page Business Plan](https://www.founderjar.com/wp-content/uploads/2021/07/The-100-Startups-One-Page-Business-Plan.jpg)
The one-page business plan by the $100 startup is a simple business plan template for entrepreneurs who do not want to create a long and complicated plan . You can include more details in the appendices for funders who want more information beyond what you can put in the one-page business plan.
There are five sections in the one-page business plan such as overview, ka-ching, hustling, success, and obstacles or challenges or open questions. You can answer all the questions using one or two sentences.
9. PandaDoc’s Free Business Plan Template
![sample business plan for web development company PandaDoc’s Free Business Plan Template](https://www.founderjar.com/wp-content/uploads/2021/07/PandaDocs-Free-Business-Plan-Template.jpg)
The free business plan template by PandaDoc is a comprehensive 15-page document that describes the information you should include in every section.
There are 11 sections in PandaDoc’s free business plan template.
- Executive summary
- Business description
- Products and services
- Operations plan
- Management organization
- Financial plan
- Conclusion / Call to action
- Confidentiality statement
You have to sign up for its 14-day free trial to access the template. You will find different business plan templates on PandaDoc once you sign up (including templates for general businesses and specific businesses such as bakeries, startups, restaurants, salons, hotels, and coffee shops)
PandaDoc allows you to customize its business plan templates to fit the needs of your business. After editing the template, you can send it to interested parties and track opens and views through PandaDoc.
10. Invoiceberry Templates for Word, Open Office, Excel, or PPT
![sample business plan for web development company Invoiceberry Templates Business Concept](https://www.founderjar.com/wp-content/uploads/2021/07/Invoiceberry-Templates-Business-Concept.jpg)
InvoiceBerry is a U.K based online invoicing and tracking platform that offers free business plan templates in .docx, .odt, .xlsx, and .pptx formats for freelancers and small businesses.
Before you can download the free business plan template, it will ask you to give it your email address. After you complete the little task, it will send the download link to your inbox for you to download. It also provides a business plan checklist in .xlsx file format that ensures you add the right information to the business plan.
Alternatives to the Traditional Business Plan
A business plan is very important in mapping out how one expects their business to grow over a set number of years, particularly when they need external investment in their business. However, many investors do not have the time to watch you present your business plan. It is a long and boring read.
Luckily, there are three alternatives to the traditional business plan (the Business Model Canvas, Lean Canvas, and Startup Pitch Deck). These alternatives are less laborious and easier and quicker to present to investors.
Business Model Canvas (BMC)
The business model canvas is a business tool used to present all the important components of setting up a business, such as customers, route to market, value proposition, and finance in a single sheet. It provides a very focused blueprint that defines your business initially which you can later expand on if needed.
![sample business plan for web development company Business Model Canvas (BMC) Infographic](https://www.founderjar.com/wp-content/uploads/2021/07/Business-Model-Canvas-BMC.jpg)
The sheet is divided mainly into company, industry, and consumer models that are interconnected in how they find problems and proffer solutions.
Segments of the Business Model Canvas
The business model canvas was developed by founder Alexander Osterwalder to answer important business questions. It contains nine segments.
![sample business plan for web development company Segments of the Business Model Canvas](https://www.founderjar.com/wp-content/uploads/2021/07/Segments-of-the-Business-Model-Canvas.jpg)
- Key Partners: Who will be occupying important executive positions in your business? What do they bring to the table? Will there be a third party involved with the company?
- Key Activities: What important activities will production entail? What activities will be carried out to ensure the smooth running of the company?
- The Product’s Value Propositions: What does your product do? How will it be different from other products?
- Customer Segments: What demography of consumers are you targeting? What are the habits of these consumers? Who are the MVPs of your target consumers?
- Customer Relationships: How will the team support and work with its customer base? How do you intend to build and maintain trust with the customer?
- Key Resources: What type of personnel and tools will be needed? What size of the budget will they need access to?
- Channels: How do you plan to create awareness of your products? How do you intend to transport your product to the customer?
- Cost Structure: What is the estimated cost of production? How much will distribution cost?
- Revenue Streams: For what value are customers willing to pay? How do they prefer to pay for the product? Are there any external revenues attached apart from the main source? How do the revenue streams contribute to the overall revenue?
Lean Canvas
The lean canvas is a problem-oriented alternative to the standard business model canvas. It was proposed by Ash Maurya, creator of Lean Stack as a development of the business model generation. It uses a more problem-focused approach and it majorly targets entrepreneurs and startup businesses.
![sample business plan for web development company The lean canvas is a problem oriented alternative to the standard business model canvas](https://www.founderjar.com/wp-content/uploads/2021/07/The-lean-canvas-is-a-problem-oriented-alternative-to-the-standard-business-model-canvas.jpg)
Lean Canvas uses the same 9 blocks concept as the business model canvas, however, they have been modified slightly to suit the needs and purpose of a small startup. The key partners, key activities, customer relationships, and key resources are replaced by new segments which are:
- Problem: Simple and straightforward number of problems you have identified, ideally three.
- Solution: The solutions to each problem.
- Unfair Advantage: Something you possess that can't be easily bought or replicated.
- Key Metrics: Important numbers that will tell how your business is doing.
Startup Pitch Deck
While the business model canvas compresses into a factual sheet, startup pitch decks expand flamboyantly.
Pitch decks, through slides, convey your business plan, often through graphs and images used to emphasize estimations and observations in your presentation. Entrepreneurs often use pitch decks to fully convince their target audience of their plans before discussing funding arrangements.
![sample business plan for web development company Startup Pitch Deck Presentation](https://www.founderjar.com/wp-content/uploads/2021/07/Startup-Pitch-Deck-Presentation.jpg)
Considering the likelihood of it being used in a small time frame, a good startup pitch deck should ideally contain 20 slides or less to have enough time to answer questions from the audience.
Unlike the standard and lean business model canvases, a pitch deck doesn't have a set template on how to present your business plan but there are still important components to it. These components often mirror those of the business model canvas except that they are in slide form and contain more details.
![sample business plan for web development company Airbnb Pitch Deck](https://www.founderjar.com/wp-content/uploads/2021/07/Airbnb-Pitch-Deck.jpg)
Using Airbnb (one of the most successful start-ups in recent history) for reference, the important components of a good slide are listed below.
- Cover/Introduction Slide: Here, you should include your company's name and mission statement. Your mission statement should be a very catchy tagline. Also, include personal information and contact details to provide an easy link for potential investors.
- Problem Slide: This slide requires you to create a connection with the audience or the investor that you are pitching. For example in their pitch, Airbnb summarized the most important problems it would solve in three brief points – pricing of hotels, disconnection from city culture, and connection problems for local bookings.
- Solution Slide: This slide includes your core value proposition. List simple and direct solutions to the problems you have mentioned
- Customer Analysis: Here you will provide information on the customers you will be offering your service to. The identity of your customers plays an important part in fundraising as well as the long-run viability of the business.
- Market Validation: Use competitive analysis to show numbers that prove the presence of a market for your product, industry behavior in the present and the long run, as well as the percentage of the market you aim to attract. It shows that you understand your competitors and customers and convinces investors of the opportunities presented in the market.
- Business Model: Your business model is the hook of your presentation. It may vary in complexity but it should generally include a pricing system informed by your market analysis. The goal of the slide is to confirm your business model is easy to implement.
- Marketing Strategy: This slide should summarize a few customer acquisition methods that you plan to use to grow the business.
- Competitive Advantage: What this slide will do is provide information on what will set you apart and make you a more attractive option to customers. It could be the possession of technology that is not widely known in the market.
- Team Slide: Here you will give a brief description of your team. Include your key management personnel here and their specific roles in the company. Include their educational background, job history, and skillsets. Also, talk about their accomplishments in their careers so far to build investors' confidence in members of your team.
- Traction Slide: This validates the company’s business model by showing growth through early sales and support. The slide aims to reduce any lingering fears in potential investors by showing realistic periodic milestones and profit margins. It can include current sales, growth, valuable customers, pre-orders, or data from surveys outlining current consumer interest.
- Funding Slide: This slide is popularly referred to as ‘the ask'. Here you will include important details like how much is needed to get your business off the ground and how the funding will be spent to help the company reach its goals.
- Appendix Slides: Your pitch deck appendix should always be included alongside a standard pitch presentation. It consists of additional slides you could not show in the pitch deck but you need to complement your presentation.
It is important to support your calculations with pictorial renditions. Infographics, such as pie charts or bar graphs, will be more effective in presenting the information than just listing numbers. For example, a six-month graph that shows rising profit margins will easily look more impressive than merely writing it.
Lastly, since a pitch deck is primarily used to secure meetings and you may be sharing your pitch with several investors, it is advisable to keep a separate public version that doesn't include financials. Only disclose the one with projections once you have secured a link with an investor.
Advantages of the Business Model Canvas, Lean Canvas, and Startup Pitch Deck over the Traditional Business Plan
- Time-Saving: Writing a detailed traditional business plan could take weeks or months. On the other hand, all three alternatives can be done in a few days or even one night of brainstorming if you have a comprehensive understanding of your business.
- Easier to Understand: Since the information presented is almost entirely factual, it puts focus on what is most important in running the business. They cut away the excess pages of fillers in a traditional business plan and allow investors to see what is driving the business and what is getting in the way.
- Easy to Update: Businesses typically present their business plans to many potential investors before they secure funding. What this means is that you may regularly have to amend your presentation to update statistics or adjust to audience-specific needs. For a traditional business plan, this could mean rewriting a whole section of your plan. For the three alternatives, updating is much easier because they are not voluminous.
- Guide for a More In-depth Business Plan: All three alternatives have the added benefit of being able to double as a sketch of your business plan if the need to create one arises in the future.
Business Plan FAQ
Business plans are important for any entrepreneur who is looking for a framework to run their company over some time or seeking external support. Although they are essential for new businesses, every company should ideally have a business plan to track their growth from time to time. They can be used by startups seeking investments or loans to convey their business ideas or an employee to convince his boss of the feasibility of starting a new project. They can also be used by companies seeking to recruit high-profile employee targets into key positions or trying to secure partnerships with other firms.
Business plans often vary depending on your target audience, the scope, and the goals for the plan. Startup plans are the most common among the different types of business plans. A start-up plan is used by a new business to present all the necessary information to help get the business up and running. They are usually used by entrepreneurs who are seeking funding from investors or bank loans. The established company alternative to a start-up plan is a feasibility plan. A feasibility plan is often used by an established company looking for new business opportunities. They are used to show the upsides of creating a new product for a consumer base. Because the audience is usually company people, it requires less company analysis. The third type of business plan is the lean business plan. A lean business plan is a brief, straight-to-the-point breakdown of your ideas and analysis for your business. It does not contain details of your proposal and can be written on one page. Finally, you have the what-if plan. As it implies, a what-if plan is a preparation for the worst-case scenario. You must always be prepared for the possibility of your original plan being rejected. A good what-if plan will serve as a good plan B to the original.
A good business plan has 10 key components. They include an executive plan, product analysis, desired customer base, company analysis, industry analysis, marketing strategy, sales strategy, financial projection, funding, and appendix. Executive Plan Your business should begin with your executive plan. An executive plan will provide early insight into what you are planning to achieve with your business. It should include your mission statement and highlight some of the important points which you will explain later. Product Analysis The next component of your business plan is your product analysis. A key part of this section is explaining the type of item or service you are going to offer as well as the market problems your product will solve. Desired Consumer Base Your product analysis should be supplemented with a detailed breakdown of your desired consumer base. Investors are always interested in knowing the economic power of your market as well as potential MVP customers. Company Analysis The next component of your business plan is your company analysis. Here, you explain how you want to run your business. It will include your operational strategy, an insight into the workforce needed to keep the company running, and important executive positions. It will also provide a calculation of expected operational costs. Industry Analysis A good business plan should also contain well laid out industry analysis. It is important to convince potential investors you know the companies you will be competing with, as well as your plans to gain an edge on the competition. Marketing Strategy Your business plan should also include your marketing strategy. This is how you intend to spread awareness of your product. It should include a detailed explanation of the company brand as well as your advertising methods. Sales Strategy Your sales strategy comes after the market strategy. Here you give an overview of your company's pricing strategy and how you aim to maximize profits. You can also explain how your prices will adapt to market behaviors. Financial Projection The financial projection is the next component of your business plan. It explains your company's expected running cost and revenue earned during the tenure of the business plan. Financial projection gives a clear idea of how your company will develop in the future. Funding The next component of your business plan is funding. You have to detail how much external investment you need to get your business idea off the ground here. Appendix The last component of your plan is the appendix. This is where you put licenses, graphs, or key information that does not fit in any of the other components.
The business model canvas is a business management tool used to quickly define your business idea and model. It is often used when investors need you to pitch your business idea during a brief window.
A pitch deck is similar to a business model canvas except that it makes use of slides in its presentation. A pitch is not primarily used to secure funding, rather its main purpose is to entice potential investors by selling a very optimistic outlook on the business.
Business plan competitions help you evaluate the strength of your business plan. By participating in business plan competitions, you are improving your experience. The experience provides you with a degree of validation while practicing important skills. The main motivation for entering into the competitions is often to secure funding by finishing in podium positions. There is also the chance that you may catch the eye of a casual observer outside of the competition. These competitions also provide good networking opportunities. You could meet mentors who will take a keen interest in guiding you in your business journey. You also have the opportunity to meet other entrepreneurs whose ideas can complement yours.
Exlore Further
- 12 Key Elements of a Business Plan (Top Components Explained)
- 13 Sources of Business Finance For Companies & Sole Traders
- 5 Common Types of Business Structures (+ Pros & Cons)
- How to Buy a Business in 8 Steps (+ Due Diligence Checklist)
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Martin luenendonk.
Martin loves entrepreneurship and has helped dozens of entrepreneurs by validating the business idea, finding scalable customer acquisition channels, and building a data-driven organization. During his time working in investment banking, tech startups, and industry-leading companies he gained extensive knowledge in using different software tools to optimize business processes.
This insights and his love for researching SaaS products enables him to provide in-depth, fact-based software reviews to enable software buyers make better decisions.
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Category: Web Development
Date: January 24, 2024
How To Make Business Plan For Your Web Design Agency & Web Development Startup?
I have started ColorWhistle in 2014 as a web development company , so called startup web development company 🙂
Are you planning to start a web design and development company? Whether you’re starting or growing your business, you definitely need a business plan.
Only a business plan can give you answers to a wide-ranging list of questions. It sure is tedious, but it definitely pays off.
The good news is you don’t have to spend days to write a business plan. We will walk you through on how to make a business set up for your web design agency or web development company . In case you already created one, you can use our guide as a reference to see what you missed.
Web Development Company & Web Design Business Plan
If you want to stand out and be noticed and if you want to succeed, you need to have the right business strategy. Let’s take a look.
1. Who Is Your Audience (ICP)?
Investing in an ICP is an investment in your future. It’s the foundation for growth, efficiency, and a thriving customer base. So, don’t leave your dream customers to chance. Build your ICP today and watch your business soar.
Imagine your dream customer. Someone who not only needs your web design and development services but actively seeks it out, embraces its value, and becomes a loyal advocate. That’s the essence of an Ideal Customer Profile (ICP). It’s a detailed portrait of your perfect buyer, built on shared traits, motivations, and challenges.
Targeting specific customers does not mean that you’re excluding others. You are simply targeting a particular set of audience who are more likely to buy from you. Answer these below questions to figure out your target audience.
- Figure out who will seek your web design and development services based on age, location, gender, income level, education level, occupation, ethnic background and relationship status
- Which medium does your audience turn for information?
- How and when will they use your services?
- Is your target audience easily accessible?
- Will they really benefit from your services?
- Can your target audience afford your web design and development services?
2. Understand Your Competitors
Knowing your competitors and what they are offering can help your web design agency and web development company stand out. You can set pricing accordingly and better prepare for rival marketing campaigns. Try to find out answers for these questions.
- What is their market position and what are people purchasing from them
- What is their pricing structure?
- How good is their social media review?
Also, figure out their weakness and find out how it can be addressed by your services.
In today’s economy, there is really no shortage for candidates for any position. It will appear as though employers can find the best candidate for any job. However, it is not that simple. There is always a possibility of hiring the wrong person which can have a negative impact.
Impressive work qualification and work experience are certainly required but, you also have to figure out if they blend with the culture of your organization.
Some of the ways you can improve recruitment process are by looking for a career-oriented person, accessing practical experience, determining strengths needed for the position, asking the right job interview questions, checking candidate background reference, and using phone interviews to pre-screen.
4. Finding Work For Your Start-Up
The next step is finding the work and here is where it can be a challenge to get noticed. One option is to try advertising on webmaster forums and business forums. Here you will find people who are looking for web design and other online services and you can connect with those people.
Alternatively, you can try using sites like ‘ UpWork ‘, ‘ Toptal ‘ and ‘ People Per Hour ‘ which are aimed at connecting online workers with the businesses who need them. You can even try going around your local area and asking businesses if they already have a website!
5. Cash Flow Management
When it comes to financial management of a company, cash is king. Whether you’re a startup or growing business, cash flow management is essential for business survival. Failing to manage cash flow puts your business with too much stock, long payment terms, overspending and overtrading. So be prepared, an accurate cash flow projection can give you heads up before trouble strikes.
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Few Takeaways
In order to compete, you are probably going to have to offer very low rates at least to start with and this is where things can get tough. But a great solution is to use a white label company like ours.
Many businesses hire ColorWhistle to provide work that they will then resell to their own customers.
As we’re based in India we can work for comparatively low rates, that means you can charge more for our work and still make a profit – and your clients don’t need to know we were involved!
You can then use our services either to outsource all your customers – making an almost entirely passive income, or you can use our services to lighten the load or to handle the bits that you don’t want to do.
Either way, you optimize your workflow meaning you can take more projects on and offer the most competitive rates around while doing what you love! Why not give us a call or send us an email to find out more?
In conclusion, running a web design services company is a great way to make money but you need to ensure you take time to research the market and that you do everything you can to increase your output while cutting overheads.
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About the Author - Sankarnarayan. R
The founder and mastermind behind ColorWhistle is Sankarnarayan, a professional with over fourteen years of experience and a passion for website design services and digital marketing services. At ColorWhistle, our team has a wide range of skills and expertise and we always put our clients’ satisfaction first. This is what sets us apart from the competition – an eye for detail and the best website development services from the start to the completion of your project.
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Web Design & Development Business Plan Template
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Download this Web Design & Development Business Plan Template Design in Word, Google Docs, Apple Pages Format. Easily Editable, Printable, Downloadable.
Here's a high-quality business plan template for businesses that create visually appealing designs and layout that will be used for a live website. Our Web design & development business plan template is perfect for crafting comprehensive and effective documents describing the nature of the web design and development business, sales and marketing strategy, and financial background, It is ready-made and easy to edit using the available file formats presented. It makes use of royalty free fonts, artwork, images, and graphics which users can fully customize to suit their needs. What are you waiting for? Download today!
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Business Plan for Software Company
Written by Dave Lavinsky
![sample business plan for web development company how to start a software company](https://www.growthink.com/wp-content/uploads/how-to-start-a-software-company-1.jpg)
Software Company Business Plan
Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their software companies.
If you’re unfamiliar with creating a software company business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.
In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a software company business plan step-by-step so you can create your plan today.
Download our Ultimate Business Plan Template here >
What is a Software Company Business Plan?
A business plan provides a snapshot of your software company as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.
Why You Need a Business Plan for a Software Company
If you’re looking to start a software company or grow your existing software company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your software company to improve your chances of success. Your software company business plan is a living document that should be updated annually as your company grows and changes.
Sources of Funding for Software Companies
With regards to funding, the main sources of funding for a software company are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for software companies.
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How to write a business plan for a software company.
If you want to start a software company or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your software company business plan.
Executive Summary
Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.
The goal of your executive summary is to quickly engage the reader. Explain to them the kind of software company you are running and the status. For example, are you a startup, do you have a software company that you would like to grow, or are you operating a chain of software companies?
Next, provide an overview of each of the subsequent sections of your plan.
- Give a brief overview of the software company industry.
- Discuss the type of software company you are operating.
- Detail your direct competitors. Give an overview of your target customers.
- Provide a snapshot of your marketing strategy. Identify the key members of your team.
- Offer an overview of your financial plan.
Company Overview
In your company overview, you will detail the type of software company you are operating.
For example, you might specialize in one of the following types of software companies:
- Open source: An open source software company is one that produces a code base that is free for any entity that desires to use it. The value of this structure is found in the auxiliary services and customizations that are provided to clients. Examples of highly-profitable open source software companies include Linux and Red Hat.
- Client-specific: As cloud computing continues to grow in popularity, more companies look to specific software programs to drive their businesses further into high-growth positions. Examples of client-specific software companies include Oracle and SAP.
- Programming services: Software companies that provide programming are essential to the tech industry. Examples include Microsoft and ADP, well-known giant software companies.
- System services: Software companies have become highly successful, as they’ve perfected the art of creating systems for personal computers and the growing field of tablets and other personal devices. Examples of software companies that focus on systems include Intuit and Adobe.
In addition to explaining the type of software company business you will operate, the company overview needs to provide background on the business.
Include answers to questions such as:
- When and why did you start the business?
- What milestones have you achieved to date? Milestones could include the number of software programs created, the number of specialized SaaS services created, or reaching X number of clients served, etc.
- Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.
Industry Analysis
In your industry or market analysis, you need to provide an overview of the software company industry. While this may seem unnecessary, it serves multiple purposes.
First, researching the software company industry educates you. It helps you understand the market in which you are operating.
Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.
The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.
The following questions should be answered in the industry analysis section of your software company business plan:
- How big is the software company industry (in dollars)?
- Is the market declining or increasing?
- Who are the key competitors in the market?
- Who are the key suppliers in the market?
- What trends are affecting the industry?
- What is the industry’s growth forecast over the next 5 – 10 years?
- What is the relevant market size? That is, how big is the potential target market for your software company business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.
Customer Analysis
The customer analysis section of your software company business plan must detail the customers you serve and/or expect to serve.
The following are examples of customer segments: start-up tech companies, companies in need of CRM software, research and development companies, and cloud-computing corporations.
As you can imagine, the customer segment(s) you choose will have a great impact on the type of software company business you operate. Clearly, start-up tech companies would respond to different marketing promotions than major cloud-computing corporations, for example.
Try to break out your target customers in terms of their demographic and industry profiles. With regard to demographics, include a discussion of the locations, type of services or programming needed and revenue potential of the client companies you seek to serve.
Psychographic profiles explain the wants and needs of your target clients within the companies you will target. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.
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Competitive Analysis
Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.
Direct competitors are other software company businesses.
Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes generic software outlets, private individual providers, and computer servicing companies.You need to mention direct competition, as well.
For each direct competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as
- What types of customers do they serve?
- What type of software company are they?
- What is their pricing (premium, low, etc.)?
- What are they good at?
- What are their weaknesses?
With regard to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.
The final part of your competitive analysis section is to document your areas of competitive advantage. For example:
- Will you provide options for the customized software?
- Will you offer products or services that your competition doesn’t?
- Will you provide better customer service?
- Will you offer bundled pricing?
Think about ways you will outperform your competition and document them in this section of your plan.
Marketing Plan
Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a software company business plan, your marketing strategy should include the following:
Product : In the product section, you should reiterate the type of software company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide open source programming, SaaS products, or software to support Microsoft systems?
Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.
Place : Place refers to the site of your software company. Document where your company is situated and mention how the site will impact your success. For example, is your software company located in a professional technology park, a standalone building or is it purely online? , Discuss how your site might be the ideal location for your customers.
Promotions : The final part of your software company marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:
- Quarterly press releases to industry-wide interest groups
- Engage in social media mining and marketing
- Offer informative blogs; become a speaker in seminars
- Create a strong presence at tech trade shows and conferences
- Give expert opinions on tech social media platforms
- Improve the SEO (search engine optimization) on your website for targeted keywords
Operations Plan
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.
Everyday short-term processes include all of the tasks involved in running your software company, including meeting with clients, planning new software development, training personnel, and running administrative services.
Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sign your Xth contract, or when you hope to reach $X in revenue. It could also be when you expect to expand your software company business to a new city.
Management Team
To demonstrate your software company’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.
Ideally, you and/or your team members have direct experience in managing a software company. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.
If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a software company or successfully running a small technology development firm.
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Financial plan.
Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.
Income Statement
An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.
In developing your income statement, you need to devise assumptions. For example, will you introduce a new software program on a yearly basis, or will you customize software for return clients? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.
Balance Sheets
Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your software company, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.
Cash Flow Statement
Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit, but run out of money and go bankrupt.
When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a software company:
- Cost of computer and software equipment
- Payroll or salaries paid to staff
- Business insurance
- Other start-up expenses (if you’re a new business) like legal expenses, permits, furnishings and office supplies
Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include the patents you own on software programs or a list of clients on monthly retainers.
Writing a business plan for your software company is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the software company industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful software company.
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How To Create A Website Project Plan: A Step-by-Step Guide
Planning is critical to most work, including web design. Without a website project plan, you’ll have a website that yields poor results, disappoints clients, and frustrates the development team.
This article will help you plan web design projects so you can deliver them successfully. Here’s what you’ll learn:
- Why do you need a website project plan?
- Research requirements
- Identify project activities
- Create a project schedule
- How to present a website project plan?
Ready? Let’s dive in.
Why Create A Website Project Plan?
Most web design agencies understand the importance of planning. Yet website development planning takes a back seat.
You’re busy, focused on solving day-to-day challenges. Maybe you lack the expertise to map out the entire website planning process. Or, perhaps website planning feels like a pointless exercise as things change anyway.
Whatever the reason, a website project plan is critical to delivering a web design project successfully.
Here’s what happens when you fail to plan:
- Your design and development team is forced to make assumptions . Incorrect assumptions result in scope creep and cost overruns.
- Now and then, you have to go back and begin again. As a result, you miss milestones and delivery deadlines .
- Confusion rules supreme as you need runtime clarifications from clients. Back-and-forth communication adds more delays.
- Clients are dissatisfied , frustrated, and may threaten to shut down the project altogether.
- You deliver a website that no one is happy with.
How To Plan A Website Project?
Before you start talking to clients about the website, you’ll need to get three things in place.
- Project Manager: This person leads the project team. They are responsible for project research, planning, execution, and communication. Most agencies don’t hire certified project managers. And often, a senior team member assumes the responsibility of a project manager.
- Project Management Methodology: The PM methodology dictates how a project is managed and delivered. Two common methods of project management are Waterfall and Agile. Learn more about popular project management methodologies .
- Project Management Tool: A project management platform helps the project manager in planning and tracking a project. We have compiled a list of the best web design project management tools .
Now that you have the basics in place let’s dive into the first step for planning your website project.
Step #1: Research Requirements
First, you need to define what the client wants.
The client can be external or internal. Instead of talking to a committee, ask the client to assign a contact person. The same person is also preferably the decision-maker for the project.
Next, along with the contact person on the client’s side, define the following:
Every website is different. You can do a lot of things with a website — sell products, share a portfolio, manage a publication, etc.
Understand what the client expects the website to do.
Depending on its purpose, a website may serve one or more audiences. For each audience, create an audience persona. The persona should contain detailed information about the audience demographics and beliefs.
You can use this tool from HubSpot to make a customizable audience persona.
Constraints
The most common constraints are budget and time. Web design projects may also have design constraints. For example, the client may ask for specific colors, fonts, etc.
Creative teams may feel that constraints limit creativity. But, at the same time, they also help define the project scope.
Priorities are the other side of constraints.
With limiting constraints, you must understand what goals and audiences are essential to the client. That’s because focusing on wrong priorities results in scope creep. Scope creep, in turn, delays the project. And may even result in complete project failure.
Once you’ve identified the project’s goals, target audience, constraints, and priorities, document these in the project proposal. Keep the proposal brief and make it simple.
Finally, get the proposal approved by your client.
Step #2: Identify Project Phases & Activities
Next, once the client has approved your proposal, identify all the phases and activities needed to complete the website project.
Most web design projects will have a similar set of tasks. However, depending on the client’s needs, your project may include additional activities.
Depending on your project management methodology, you can execute project phases iteratively or sequentially.
For example, you can do content preparation, design, development, and testing phases iteratively for each web page. Or you can prepare content for all pages, then create designs, develop all pages, and finally test them together.
Let’s look at some common activities in web development projects.
Branding, Infrastructure & Layout
In this phase, you set up the foundation of your web design project.
At the end of this phase, you’ll have ready access to all the global elements of your project. These global elements affect all the pages of your website. As a result, you’ll have to work closely with the client and get approval for each finalized element.
Examples of project activities in this phase include:
- Define the site title and tagline.
- Finalize logo, color palette, fonts, and page layouts.
- Create a sitemap that shows all the website pages and the relations between them.
- Purchase a domain and hosting services.
Content Preparation
The goal of this phase is to gather all the content needed for the website. The sitemap and the page layout styles created in the previous phase help identify the necessary content.
You may find that some content is already available with the client. However, you may need to work with external content creators in some cases.
Typical project activities in this phase include:
- Identify the types of content needed. For example, page content, testimonials, privacy policy, terms of use, FAQs, etc.
- Decide on client-side, internal, and external content creators and providers.
- Create/update/receive the text and graphical content.
- Organize the content in a content repository.
- Proofread, validate and finalize content.
Design & Development
This is the phase where all the real work happens.
Your team starts to design and develop the website’s pages. Activities in this phase depend on the sitemap, layouts, and content collected in the previous two phases.
Here are some examples of activities that happen during this phase.
- Design page elements such as buttons, call to actions, testimonials, etc.
- Design pages based on layout styles and content.
- Set up a sandbox server.
- Convert design mockups into coded widgets and pages.
- HTML, CSS, and Javascript validation.
- Develop functionalities like a blog, an e-commerce store, or a CMS.
- Organize and link pages according to the sitemap.
- Review pages with clients and get necessary approvals.
In this phase, you validate the website’s functionality and verify that it matches the client’s requirements.
Depending on the needs, various types of testing may be necessary. These can range from accessibility testing to website load testing. In some cases, you’ll also need to test the website for SEO-related issues.
Examples of activities in this phase include:
- Check that the website confirms with web standards.
- Ensure accessibility standards for differently-abled persons.
- Test the functionality is working as expected.
- Check if the website is responsive and works well on all devices.
- Fix issues that crop up during testing.
Once you’ve tested the website and fixed the issues, it’s time to deploy the website on the client’s hosting server.
Depending on the approved project proposal, you’ll need to perform the following activities:
- Upload the website to the client’s hosting server.
- Write and hand over the website’s documentation to the client.
- Train the client team to create and update the website.
- Create a robots.txt file.
- Create and submit the XML sitemap to search engines.
Step #3: Create a Project Schedule
The final step in creating the website project plan is to map the activities and phases to specific dates. When creating a project timeline , activities become your project tasks with start and end dates. Similarly, the end of a phase marks a milestone on the project’s timeline.
You’ll need to consider the following factors when creating a schedule.
Client’s Priorities
In some cases, the client may have a hard deadline for a website design project. For example, an event website has to be delivered before the event date or of no use.
Also, the client may consider dropping a few requirements from the scope if it’s impossible to hit the deadline. Keep these priorities in mind when planning the project’s schedule.
Team Availability
You don’t want to create a schedule and then find out your lead designer isn’t available for the design phase. That’s why you want to plan your project’s schedule around your team’s vacation days and public holidays.
Also, most web design teams share team members across projects. So, ensure that team members are not busy with other projects. Plus, look at their workloads and see that no one is overworked.
Toggl Plan’s Team Plan view makes it easy to visualize your team’s availability and workloads. You can also adjust the schedule without leaving the team view.
![sample business plan for web development company Manage your team's availability visually with Toggl Plan's team timeline.](https://toggl.com/blog/wp-content/uploads/2020/07/toggl-plan-team-timeline-1.png)
Task Estimates
The final part of the scheduling puzzle is task estimates.
Let’s get this straight. Task estimation is complicated. And even seasoned managers can get estimates wrong.
Also, unexpected events can throw your project schedule off. A team member may become unavailable. The content provider may delay content prep. Or the client may not send approvals on time.
In any case, draw from your experience to estimate tasks. But add buffers to ensure that you have time to recover in case things go wrong.
Here’s a simplified website project plan made in Toggl Plan :
![sample business plan for web development company Sample Website Project Plan in Toggl Plan](https://toggl.com/blog/wp-content/uploads/2021/05/sample-website-project-plan.jpg)
So far, we’ve looked at how to discover project requirements , identify the project’s tasks, and create a project schedule. The only thing that remains is to present the finalized project plan to the clients and the team.
How To Present A Website Project Plan?
You can present a project plan using Excel, Powerpoint, or a project management tool like Toggl Plan. Take a look at how to manage a project in Excel .
However, project plans made in Excel aren’t collaborative. Plus, as more people update a spreadsheet, keeping its integrity becomes challenging. And, finally, it’s impossible to control access to an Excel sheet.
That’s where Toggl Plan can help.
With Toggl Plan, you can create color-coded website project plans, visually manage your team’s availability, and share the project’s progress with your clients. Clients see a read-only view, so they’re not bothered with the day-to-day tasks in a project.
![sample business plan for web development company Share a read-only view of the project timeline in Toggl Plan](https://toggl.com/blog/wp-content/uploads/2020/06/share-project-timeline.png)
Toggl Plan is easy to get started with and grows with your needs. Its simple, drag-and-drop interface means you can spend more time doing actual project work instead of tinkering with the tool. And, as an added bonus, it’s a tool your team will enjoy using every day.
Jitesh is an SEO and content specialist. He manages content projects at Toggl and loves sharing actionable tips to deliver projects profitably.
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How to Write a Business Plan: Step-by-Step Guide + Examples
![sample business plan for web development company Determined female African-American entrepreneur scaling a mountain while wearing a large backpack. Represents the journey to starting and growing a business and needi](https://web-cdn.bplans.com/bplans/content/uploads/2023/11/07155325/how-to-write-a-business-plan-1.png)
Noah Parsons
24 min. read
Updated May 7, 2024
Writing a business plan doesn’t have to be complicated.
In this step-by-step guide, you’ll learn how to write a business plan that’s detailed enough to impress bankers and potential investors, while giving you the tools to start, run, and grow a successful business.
- The basics of business planning
If you’re reading this guide, then you already know why you need a business plan .
You understand that planning helps you:
- Raise money
- Grow strategically
- Keep your business on the right track
As you start to write your plan, it’s useful to zoom out and remember what a business plan is .
At its core, a business plan is an overview of the products and services you sell, and the customers that you sell to. It explains your business strategy: how you’re going to build and grow your business, what your marketing strategy is, and who your competitors are.
Most business plans also include financial forecasts for the future. These set sales goals, budget for expenses, and predict profits and cash flow.
A good business plan is much more than just a document that you write once and forget about. It’s also a guide that helps you outline and achieve your goals.
After completing your plan, you can use it as a management tool to track your progress toward your goals. Updating and adjusting your forecasts and budgets as you go is one of the most important steps you can take to run a healthier, smarter business.
We’ll dive into how to use your plan later in this article.
There are many different types of plans , but we’ll go over the most common type here, which includes everything you need for an investor-ready plan. However, if you’re just starting out and are looking for something simpler—I recommend starting with a one-page business plan . It’s faster and easier to create.
It’s also the perfect place to start if you’re just figuring out your idea, or need a simple strategic plan to use inside your business.
Dig deeper : How to write a one-page business plan
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- What to include in your business plan
Executive summary
The executive summary is an overview of your business and your plans. It comes first in your plan and is ideally just one to two pages. Most people write it last because it’s a summary of the complete business plan.
Ideally, the executive summary can act as a stand-alone document that covers the highlights of your detailed plan.
In fact, it’s common for investors to ask only for the executive summary when evaluating your business. If they like what they see in the executive summary, they’ll often follow up with a request for a complete plan, a pitch presentation , or more in-depth financial forecasts .
Your executive summary should include:
- A summary of the problem you are solving
- A description of your product or service
- An overview of your target market
- A brief description of your team
- A summary of your financials
- Your funding requirements (if you are raising money)
Dig Deeper: How to write an effective executive summary
Products and services description
This is where you describe exactly what you’re selling, and how it solves a problem for your target market. The best way to organize this part of your plan is to start by describing the problem that exists for your customers. After that, you can describe how you plan to solve that problem with your product or service.
This is usually called a problem and solution statement .
To truly showcase the value of your products and services, you need to craft a compelling narrative around your offerings. How will your product or service transform your customers’ lives or jobs? A strong narrative will draw in your readers.
This is also the part of the business plan to discuss any competitive advantages you may have, like specific intellectual property or patents that protect your product. If you have any initial sales, contracts, or other evidence that your product or service is likely to sell, include that information as well. It will show that your idea has traction , which can help convince readers that your plan has a high chance of success.
Market analysis
Your target market is a description of the type of people that you plan to sell to. You might even have multiple target markets, depending on your business.
A market analysis is the part of your plan where you bring together all of the information you know about your target market. Basically, it’s a thorough description of who your customers are and why they need what you’re selling. You’ll also include information about the growth of your market and your industry .
Try to be as specific as possible when you describe your market.
Include information such as age, income level, and location—these are what’s called “demographics.” If you can, also describe your market’s interests and habits as they relate to your business—these are “psychographics.”
Related: Target market examples
Essentially, you want to include any knowledge you have about your customers that is relevant to how your product or service is right for them. With a solid target market, it will be easier to create a sales and marketing plan that will reach your customers. That’s because you know who they are, what they like to do, and the best ways to reach them.
Next, provide any additional information you have about your market.
What is the size of your market ? Is the market growing or shrinking? Ideally, you’ll want to demonstrate that your market is growing over time, and also explain how your business is positioned to take advantage of any expected changes in your industry.
Dig Deeper: Learn how to write a market analysis
Competitive analysis
Part of defining your business opportunity is determining what your competitive advantage is. To do this effectively, you need to know as much about your competitors as your target customers.
Every business has some form of competition. If you don’t think you have competitors, then explore what alternatives there are in the market for your product or service.
For example: In the early years of cars, their main competition was horses. For social media, the early competition was reading books, watching TV, and talking on the phone.
A good competitive analysis fully lays out the competitive landscape and then explains how your business is different. Maybe your products are better made, or cheaper, or your customer service is superior. Maybe your competitive advantage is your location – a wide variety of factors can ultimately give you an advantage.
Dig Deeper: How to write a competitive analysis for your business plan
Marketing and sales plan
The marketing and sales plan covers how you will position your product or service in the market, the marketing channels and messaging you will use, and your sales tactics.
The best place to start with a marketing plan is with a positioning statement .
This explains how your business fits into the overall market, and how you will explain the advantages of your product or service to customers. You’ll use the information from your competitive analysis to help you with your positioning.
For example: You might position your company as the premium, most expensive but the highest quality option in the market. Or your positioning might focus on being locally owned and that shoppers support the local economy by buying your products.
Once you understand your positioning, you’ll bring this together with the information about your target market to create your marketing strategy .
This is how you plan to communicate your message to potential customers. Depending on who your customers are and how they purchase products like yours, you might use many different strategies, from social media advertising to creating a podcast. Your marketing plan is all about how your customers discover who you are and why they should consider your products and services.
While your marketing plan is about reaching your customers—your sales plan will describe the actual sales process once a customer has decided that they’re interested in what you have to offer.
If your business requires salespeople and a long sales process, describe that in this section. If your customers can “self-serve” and just make purchases quickly on your website, describe that process.
A good sales plan picks up where your marketing plan leaves off. The marketing plan brings customers in the door and the sales plan is how you close the deal.
Together, these specific plans paint a picture of how you will connect with your target audience, and how you will turn them into paying customers.
Dig deeper: What to include in your sales and marketing plan
Business operations
The operations section describes the necessary requirements for your business to run smoothly. It’s where you talk about how your business works and what day-to-day operations look like.
Depending on how your business is structured, your operations plan may include elements of the business like:
- Supply chain management
- Manufacturing processes
- Equipment and technology
- Distribution
Some businesses distribute their products and reach their customers through large retailers like Amazon.com, Walmart, Target, and grocery store chains.
These businesses should review how this part of their business works. The plan should discuss the logistics and costs of getting products onto store shelves and any potential hurdles the business may have to overcome.
If your business is much simpler than this, that’s OK. This section of your business plan can be either extremely short or more detailed, depending on the type of business you are building.
For businesses selling services, such as physical therapy or online software, you can use this section to describe the technology you’ll leverage, what goes into your service, and who you will partner with to deliver your services.
Dig Deeper: Learn how to write the operations chapter of your plan
Key milestones and metrics
Although it’s not required to complete your business plan, mapping out key business milestones and the metrics can be incredibly useful for measuring your success.
Good milestones clearly lay out the parameters of the task and set expectations for their execution. You’ll want to include:
- A description of each task
- The proposed due date
- Who is responsible for each task
If you have a budget, you can include projected costs to hit each milestone. You don’t need extensive project planning in this section—just list key milestones you want to hit and when you plan to hit them. This is your overall business roadmap.
Possible milestones might be:
- Website launch date
- Store or office opening date
- First significant sales
- Break even date
- Business licenses and approvals
You should also discuss the key numbers you will track to determine your success. Some common metrics worth tracking include:
- Conversion rates
- Customer acquisition costs
- Profit per customer
- Repeat purchases
It’s perfectly fine to start with just a few metrics and grow the number you are tracking over time. You also may find that some metrics simply aren’t relevant to your business and can narrow down what you’re tracking.
Dig Deeper: How to use milestones in your business plan
Organization and management team
Investors don’t just look for great ideas—they want to find great teams. Use this chapter to describe your current team and who you need to hire . You should also provide a quick overview of your location and history if you’re already up and running.
Briefly highlight the relevant experiences of each key team member in the company. It’s important to make the case for why yours is the right team to turn an idea into a reality.
Do they have the right industry experience and background? Have members of the team had entrepreneurial successes before?
If you still need to hire key team members, that’s OK. Just note those gaps in this section.
Your company overview should also include a summary of your company’s current business structure . The most common business structures include:
- Sole proprietor
- Partnership
Be sure to provide an overview of how the business is owned as well. Does each business partner own an equal portion of the business? How is ownership divided?
Potential lenders and investors will want to know the structure of the business before they will consider a loan or investment.
Dig Deeper: How to write about your company structure and team
Financial plan
Last, but certainly not least, is your financial plan chapter.
Entrepreneurs often find this section the most daunting. But, business financials for most startups are less complicated than you think, and a business degree is certainly not required to build a solid financial forecast.
A typical financial forecast in a business plan includes the following:
- Sales forecast : An estimate of the sales expected over a given period. You’ll break down your forecast into the key revenue streams that you expect to have.
- Expense budget : Your planned spending such as personnel costs , marketing expenses, and taxes.
- Profit & Loss : Brings together your sales and expenses and helps you calculate planned profits.
- Cash Flow : Shows how cash moves into and out of your business. It can predict how much cash you’ll have on hand at any given point in the future.
- Balance Sheet : A list of the assets, liabilities, and equity in your company. In short, it provides an overview of the financial health of your business.
A strong business plan will include a description of assumptions about the future, and potential risks that could impact the financial plan. Including those will be especially important if you’re writing a business plan to pursue a loan or other investment.
Dig Deeper: How to create financial forecasts and budgets
This is the place for additional data, charts, or other information that supports your plan.
Including an appendix can significantly enhance the credibility of your plan by showing readers that you’ve thoroughly considered the details of your business idea, and are backing your ideas up with solid data.
Just remember that the information in the appendix is meant to be supplementary. Your business plan should stand on its own, even if the reader skips this section.
Dig Deeper : What to include in your business plan appendix
Optional: Business plan cover page
Adding a business plan cover page can make your plan, and by extension your business, seem more professional in the eyes of potential investors, lenders, and partners. It serves as the introduction to your document and provides necessary contact information for stakeholders to reference.
Your cover page should be simple and include:
- Company logo
- Business name
- Value proposition (optional)
- Business plan title
- Completion and/or update date
- Address and contact information
- Confidentiality statement
Just remember, the cover page is optional. If you decide to include it, keep it very simple and only spend a short amount of time putting it together.
Dig Deeper: How to create a business plan cover page
How to use AI to help write your business plan
Generative AI tools such as ChatGPT can speed up the business plan writing process and help you think through concepts like market segmentation and competition. These tools are especially useful for taking ideas that you provide and converting them into polished text for your business plan.
The best way to use AI for your business plan is to leverage it as a collaborator , not a replacement for human creative thinking and ingenuity.
AI can come up with lots of ideas and act as a brainstorming partner. It’s up to you to filter through those ideas and figure out which ones are realistic enough to resonate with your customers.
There are pros and cons of using AI to help with your business plan . So, spend some time understanding how it can be most helpful before just outsourcing the job to AI.
Learn more: 10 AI prompts you need to write a business plan
- Writing tips and strategies
To help streamline the business plan writing process, here are a few tips and key questions to answer to make sure you get the most out of your plan and avoid common mistakes .
Determine why you are writing a business plan
Knowing why you are writing a business plan will determine your approach to your planning project.
For example: If you are writing a business plan for yourself, or just to use inside your own business , you can probably skip the section about your team and organizational structure.
If you’re raising money, you’ll want to spend more time explaining why you’re looking to raise the funds and exactly how you will use them.
Regardless of how you intend to use your business plan , think about why you are writing and what you’re trying to get out of the process before you begin.
Keep things concise
Probably the most important tip is to keep your business plan short and simple. There are no prizes for long business plans . The longer your plan is, the less likely people are to read it.
So focus on trimming things down to the essentials your readers need to know. Skip the extended, wordy descriptions and instead focus on creating a plan that is easy to read —using bullets and short sentences whenever possible.
Have someone review your business plan
Writing a business plan in a vacuum is never a good idea. Sometimes it’s helpful to zoom out and check if your plan makes sense to someone else. You also want to make sure that it’s easy to read and understand.
Don’t wait until your plan is “done” to get a second look. Start sharing your plan early, and find out from readers what questions your plan leaves unanswered. This early review cycle will help you spot shortcomings in your plan and address them quickly, rather than finding out about them right before you present your plan to a lender or investor.
If you need a more detailed review, you may want to explore hiring a professional plan writer to thoroughly examine it.
Use a free business plan template and business plan examples to get started
Knowing what information to include in a business plan is sometimes not quite enough. If you’re struggling to get started or need additional guidance, it may be worth using a business plan template.
There are plenty of great options available (we’ve rounded up our 8 favorites to streamline your search).
But, if you’re looking for a free downloadable business plan template , you can get one right now; download the template used by more than 1 million businesses.
Or, if you just want to see what a completed business plan looks like, check out our library of over 550 free business plan examples .
We even have a growing list of industry business planning guides with tips for what to focus on depending on your business type.
Common pitfalls and how to avoid them
It’s easy to make mistakes when you’re writing your business plan. Some entrepreneurs get sucked into the writing and research process, and don’t focus enough on actually getting their business started.
Here are a few common mistakes and how to avoid them:
Not talking to your customers : This is one of the most common mistakes. It’s easy to assume that your product or service is something that people want. Before you invest too much in your business and too much in the planning process, make sure you talk to your prospective customers and have a good understanding of their needs.
- Overly optimistic sales and profit forecasts: By nature, entrepreneurs are optimistic about the future. But it’s good to temper that optimism a little when you’re planning, and make sure your forecasts are grounded in reality.
- Spending too much time planning: Yes, planning is crucial. But you also need to get out and talk to customers, build prototypes of your product and figure out if there’s a market for your idea. Make sure to balance planning with building.
- Not revising the plan: Planning is useful, but nothing ever goes exactly as planned. As you learn more about what’s working and what’s not—revise your plan, your budgets, and your revenue forecast. Doing so will provide a more realistic picture of where your business is going, and what your financial needs will be moving forward.
- Not using the plan to manage your business: A good business plan is a management tool. Don’t just write it and put it on the shelf to collect dust – use it to track your progress and help you reach your goals.
- Presenting your business plan
The planning process forces you to think through every aspect of your business and answer questions that you may not have thought of. That’s the real benefit of writing a business plan – the knowledge you gain about your business that you may not have been able to discover otherwise.
With all of this knowledge, you’re well prepared to convert your business plan into a pitch presentation to present your ideas.
A pitch presentation is a summary of your plan, just hitting the highlights and key points. It’s the best way to present your business plan to investors and team members.
Dig Deeper: Learn what key slides should be included in your pitch deck
Use your business plan to manage your business
One of the biggest benefits of planning is that it gives you a tool to manage your business better. With a revenue forecast, expense budget, and projected cash flow, you know your targets and where you are headed.
And yet, nothing ever goes exactly as planned – it’s the nature of business.
That’s where using your plan as a management tool comes in. The key to leveraging it for your business is to review it periodically and compare your forecasts and projections to your actual results.
Start by setting up a regular time to review the plan – a monthly review is a good starting point. During this review, answer questions like:
- Did you meet your sales goals?
- Is spending following your budget?
- Has anything gone differently than what you expected?
Now that you see whether you’re meeting your goals or are off track, you can make adjustments and set new targets.
Maybe you’re exceeding your sales goals and should set new, more aggressive goals. In that case, maybe you should also explore more spending or hiring more employees.
Or maybe expenses are rising faster than you projected. If that’s the case, you would need to look at where you can cut costs.
A plan, and a method for comparing your plan to your actual results , is the tool you need to steer your business toward success.
Learn More: How to run a regular plan review
Free business plan templates and examples
Kickstart your business plan writing with one of our free business plan templates or recommended tools.
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Free business plan template
Download a free SBA-approved business plan template built for small businesses and startups.
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One-page plan template
Download a free one-page plan template to write a useful business plan in as little as 30-minutes.
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Sample business plan library
Explore over 500 real-world business plan examples from a wide variety of industries.
View Sample Plans
How to write a business plan FAQ
What is a business plan?
A document that describes your business , the products and services you sell, and the customers that you sell to. It explains your business strategy, how you’re going to build and grow your business, what your marketing strategy is, and who your competitors are.
What are the benefits of a business plan?
A business plan helps you understand where you want to go with your business and what it will take to get there. It reduces your overall risk, helps you uncover your business’s potential, attracts investors, and identifies areas for growth.
Having a business plan ultimately makes you more confident as a business owner and more likely to succeed for a longer period of time.
What are the 7 steps of a business plan?
The seven steps to writing a business plan include:
- Write a brief executive summary
- Describe your products and services.
- Conduct market research and compile data into a cohesive market analysis.
- Describe your marketing and sales strategy.
- Outline your organizational structure and management team.
- Develop financial projections for sales, revenue, and cash flow.
- Add any additional documents to your appendix.
What are the 5 most common business plan mistakes?
There are plenty of mistakes that can be made when writing a business plan. However, these are the 5 most common that you should do your best to avoid:
- 1. Not taking the planning process seriously.
- Having unrealistic financial projections or incomplete financial information.
- Inconsistent information or simple mistakes.
- Failing to establish a sound business model.
- Not having a defined purpose for your business plan.
What questions should be answered in a business plan?
Writing a business plan is all about asking yourself questions about your business and being able to answer them through the planning process. You’ll likely be asking dozens and dozens of questions for each section of your plan.
However, these are the key questions you should ask and answer with your business plan:
- How will your business make money?
- Is there a need for your product or service?
- Who are your customers?
- How are you different from the competition?
- How will you reach your customers?
- How will you measure success?
How long should a business plan be?
The length of your business plan fully depends on what you intend to do with it. From the SBA and traditional lender point of view, a business plan needs to be whatever length necessary to fully explain your business. This means that you prove the viability of your business, show that you understand the market, and have a detailed strategy in place.
If you intend to use your business plan for internal management purposes, you don’t necessarily need a full 25-50 page business plan. Instead, you can start with a one-page plan to get all of the necessary information in place.
What are the different types of business plans?
While all business plans cover similar categories, the style and function fully depend on how you intend to use your plan. Here are a few common business plan types worth considering.
Traditional business plan: The tried-and-true traditional business plan is a formal document meant to be used when applying for funding or pitching to investors. This type of business plan follows the outline above and can be anywhere from 10-50 pages depending on the amount of detail included, the complexity of your business, and what you include in your appendix.
Business model canvas: The business model canvas is a one-page template designed to demystify the business planning process. It removes the need for a traditional, copy-heavy business plan, in favor of a single-page outline that can help you and outside parties better explore your business idea.
One-page business plan: This format is a simplified version of the traditional plan that focuses on the core aspects of your business. You’ll typically stick with bullet points and single sentences. It’s most useful for those exploring ideas, needing to validate their business model, or who need an internal plan to help them run and manage their business.
Lean Plan: The Lean Plan is less of a specific document type and more of a methodology. It takes the simplicity and styling of the one-page business plan and turns it into a process for you to continuously plan, test, review, refine, and take action based on performance. It’s faster, keeps your plan concise, and ensures that your plan is always up-to-date.
What’s the difference between a business plan and a strategic plan?
A business plan covers the “who” and “what” of your business. It explains what your business is doing right now and how it functions. The strategic plan explores long-term goals and explains “how” the business will get there. It encourages you to look more intently toward the future and how you will achieve your vision.
However, when approached correctly, your business plan can actually function as a strategic plan as well. If kept lean, you can define your business, outline strategic steps, and track ongoing operations all with a single plan.
![Content Author: Noah Parsons Content Author: Noah Parsons](https://secure.gravatar.com/avatar/ecb3096c893c6a0c607bf8a7a30f25cd?s=88&d=https%3A%2F%2Fweb-cdn.paloalto.com%2Fbplans%2Fauthors%2Fdefault-author.png&r=g)
Noah is the COO at Palo Alto Software, makers of the online business plan app LivePlan. He started his career at Yahoo! and then helped start the user review site Epinions.com. From there he started a software distribution business in the UK before coming to Palo Alto Software to run the marketing and product teams.
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Table of Contents
- Use AI to help write your plan
- Common planning mistakes
- Manage with your business plan
- Templates and examples
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Sample Web Design Business Plan Template PDF
Web design company business plan sample.
The web design industry basically encompasses the design of websites and hosting of websites on the World Wide Web for both individuals and corporate organizations alike.
In today’s world, it is very uncommon to find companies, and individuals who seriously want to make an impact and do not have a website. With an active website, one can be able to communicate his ideas and message to an audience.
If you are keen on starting up a web design business, and have considered all of the basic things which you have to consider before starting the business, then this web design business plan sample will prove beneficial to you in writing a simple business plan for your web design business.
Need to write a plan for your venture? Download a FREE Business Plan PDF Sample to develop a template for your own startup.
Here is a sample business plan for starting a web development business.
BUSINESS NAME: Incandescence Screen Printing LLC.
Executive Summary
Our Products and Services
Vision Statement
Mission Statement
Business Structure
- Market Analysis
Sales and Marketing Strategy
- Financial Plan
- Sales Forecast
Five & Six Technology LLC has been duly registered to fully practice in Los Angeles, United States. The business will be very delighted to offer its many products and services to customers all over the United States.
To get started, the owners, Mr and Mrs Smith will be responsible for providing two-third of the startup capital which amounts to $300,000 while the final third will be sourced from the owners’ bank.
The sole purpose of starting up this business is to maximize profits. This, we will achieve by ensuring we do all within the laws of the United States in operating our business.
Five & Six Technology LLC is a web design company which will be operating from Los Angeles, United States. The business has been established so as to maximize profit in the industry. The following are the products and services which we will be offering to our customers not just in Los Angeles, but in the United States at large:
- Designing of websites for corporate clients as well as individual clients.
- Developing of websites and custom platform web development.
- Optimization of website’s functionality for website owners.
- Code writing services and search engine optimization.
- Word press web development.
- Corporate identification design services
- Several other web design related services.
Our vision is to build a standard and world class web design company that will be providing its services to customers not just in Los Angeles, but also in the United States. We want to be counted as part of the leading web design companies in Los Angeles, United Sates.
Our mission is to establish a web design business that will be particular about providing its professional services towards assisting individuals, businesses, non-profit organizations, to be able to promote their brands and connect with more prospective customers.
We are very interested in building a web design company that will become a very competitive business in the industry. We will start it small and grow it big into the web design company we hope it to be. It is in view of this that we will not take lightly our recruitment process. We will hire only candidates that meet with our qualification criteria. Candidates that we will recruit will have to be very honest, hardworking, qualified, and most important, they must be very ready to work with us. Below are the positions which we will fill:
- Chief Executive Officer
- Human Resources and Admin Manager
- Creative Director
- Content creator
- Web designer
- Client service executive
Market Analysis Market Trend
One trend in the industry is that the target market is always growing. More persons and organizations have become more aware of the need to have an official website, and also to seek the services of a professional graphics designer in the branding of their products so as to reach more customers.
Target Market
The following are the groups which we have identified to make up our target market:
- Financial Institutions such as Banks, and Insurance Companies
- Corporate Organizations
- Real Estate Owners, developers, and contractors.
- Television stations
- Political Parties
- Religious Organizations
- Sport Organizations
- The Government
- Blue Chips Companies
We have our goal for our business set at a very great height. For us to be able to accomplish our heights, we will do well to station our business amongst the very top web design companies in the United States. The following are the ways we would promote our business to our prospective customers:
- We will make sure to introduce our web design business to various institutions and individuals, all of which make up our target market.
- We will list our web design business in local directories ads.
- We will always stay updated by attending various seminars, expos, business fairs, and the likes.
- We will make very good use of the internet and social media such as Facebook, Instagram, and Twitter to promote our business.
- We will encourage the use of word of the mouth in promoting our business.
Financial Plan Sources of Startup Budget
Having conducted thorough study on the industry, and carried out a feasibility study on our line of business, we have been able to determine the needed startup capital to launch our business from scratch. This total startup budget amounts to $300,000. We will do well to obtain this capital from the owners and from the owners’ bank. So far, the owners have been able to raise a total of $150,000. They are expected to raise $200,000 for their part, while the remainder will be sourced as soft loan from the owners’ bank.
Sales Forecast First Fiscal Year $100,000 Second Fiscal Year $150,000 Third Fiscal Year $200,000
Above is the sales projection for Five & Six Technology LLC for the first three years from startup. This sales projection is based on what is obtainable in the industry, and it will only function as a guide.
The above business plan sample is a web design business plan sample titled, ‘Five & Six Technology LLC’. The business which will be located in Los Angeles, United States will be focused on providing its customers in the United States with its numerous products and services. The business will be run by the Smiths.
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Helping our customers through the CrowdStrike outage
Jul 20, 2024 | David Weston - Vice President, Enterprise and OS Security
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On July 18, CrowdStrike, an independent cybersecurity company, released a software update that began impacting IT systems globally. Although this was not a Microsoft incident, given it impacts our ecosystem, we want to provide an update on the steps we’ve taken with CrowdStrike and others to remediate and support our customers.
Since this event began, we’ve maintained ongoing communication with our customers, CrowdStrike and external developers to collect information and expedite solutions. We recognize the disruption this problem has caused for businesses and in the daily routines of many individuals. Our focus is providing customers with technical guidance and support to safely bring disrupted systems back online. Steps taken have included:
- Engaging with CrowdStrike to automate their work on developing a solution. CrowdStrike has recommended a workaround to address this issue and has also issued a public statement. Instructions to remedy the situation on Windows endpoints were posted on the Windows Message Center .
- Deploying hundreds of Microsoft engineers and experts to work directly with customers to restore services.
- Collaborating with other cloud providers and stakeholders, including Google Cloud Platform (GCP) and Amazon Web Services (AWS), to share awareness on the state of impact we are each seeing across the industry and inform ongoing conversations with CrowdStrike and customers.
- Quickly posting manual remediation documentation and scripts found here .
- Keeping customers informed of the latest status on the incident through the Azure Status Dashboard here .
We’re working around the clock and providing ongoing updates and support. Additionally, CrowdStrike has helped us develop a scalable solution that will help Microsoft’s Azure infrastructure accelerate a fix for CrowdStrike’s faulty update. We have also worked with both AWS and GCP to collaborate on the most effective approaches.
While software updates may occasionally cause disturbances, significant incidents like the CrowdStrike event are infrequent. We currently estimate that CrowdStrike’s update affected 8.5 million Windows devices, or less than one percent of all Windows machines. While the percentage was small, the broad economic and societal impacts reflect the use of CrowdStrike by enterprises that run many critical services.
This incident demonstrates the interconnected nature of our broad ecosystem — global cloud providers, software platforms, security vendors and other software vendors, and customers. It’s also a reminder of how important it is for all of us across the tech ecosystem to prioritize operating with safe deployment and disaster recovery using the mechanisms that exist. As we’ve seen over the last two days, we learn, recover and move forward most effectively when we collaborate and work together. We appreciate the cooperation and collaboration of our entire sector, and we will continue to update with learnings and next steps.
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What We Know About the Global Microsoft Outage
Airlines to banks to retailers were affected in many countries. Businesses are struggling to recover.
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![sample business plan for web development company Video player loading](https://static01.nyt.com/images/2024/07/19/multimedia/19xp-outagewhattoknow-wjcq/19xp-outagewhattoknow-wjcq-threeByTwoLargeAt2X.jpg)
By Eshe Nelson and Danielle Kaye
Eshe Nelson reported from London and Danielle Kaye from New York.
Across the world, critical businesses and services including airlines, hospitals, train networks and TV stations, were disrupted on Friday by a global tech outage affecting Microsoft users.
In many countries, flights were grounded, workers could not get access to their systems and, in some cases, customers could not make card payments in stores. While some of the problems were resolved within hours, many businesses, websites and airlines continued to struggle to recover.
What happened?
A series of outages rippled across the globe as information displays, login systems and broadcasting networks went dark.
The problem affecting the majority of services was caused by a flawed update by CrowdStrike , an American cybersecurity firm, whose systems are intended to protect users from hackers. Microsoft said on Friday that it was aware of an issue affecting machines running “CrowdStrike Falcon.”
But Microsoft had also said there was an earlier outage affecting U.S. users of Azure, its cloud service system. Some users may have been affected by both. Even as CrowdStrike sent out a fix, some systems were still affected by midday in the United States as businesses needed to make manual updates to their systems to resolve the issue.
George Kurtz, the president and chief executive of CrowdStrike, said on Friday morning that it could take some time for some systems to recover.
![sample business plan for web development company](https://static01.nyt.com/images/2024/07/19/multimedia/2024-07-19-crowdstrike-explainer-index/2024-07-19-crowdstrike-explainer-index-articleLarge.png)
How a Software Update Crashed Computers Around the World
Here’s a visual explanation for how a faulty software update crippled machines.
How the airline cancellations rippled around the world (and across time zones)
Share of canceled flights at 25 airports on Friday
![sample business plan for web development company](https://static01.nytimes.com/newsgraphics/2024-07-19-tech-outage-airport-embed-1/cad772e5-d5dc-43ad-8a92-bf9addf18c88/_assets/timezone-335.png)
50% of flights
Ai r po r t
Bengalu r u K empeg o wda
Dhaka Shahjalal
Minneapolis-Saint P aul
Stuttga r t
Melbou r ne
Be r lin B r anden b urg
London City
Amsterdam Schiphol
Chicago O'Hare
Raleigh−Durham
B r adl e y
Cha r lotte
Reagan National
Philadelphia
1:20 a.m. ET
![sample business plan for web development company](https://static01.nytimes.com/newsgraphics/2024-07-19-tech-outage-airport-embed-1/cad772e5-d5dc-43ad-8a92-bf9addf18c88/_assets/timezone-600.png)
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Collaborating with other cloud providers and stakeholders, including Google Cloud Platform (GCP) and Amazon Web Services (AWS), to share awareness on the state of impact we are each seeing across the industry and inform ongoing conversations with CrowdStrike and customers. Quickly posting manual remediation documentation and scripts found here.
Across the world, critical businesses and services including airlines, hospitals, train networks and TV stations, were disrupted on Friday by a global tech outage affecting Microsoft users.