Фото: Drawing up a business plan for grant

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Drawing up a business plan for grant

Reading time: 3 min.

For those wishing to receive a grant, it is important to understand the importance of preparing a complete and realistic estimate for starting a business or operating an existing business.

Since no review of grant applications is complete without checking the business plan, which essentially plays the most important role in the approval process for each individual applicant.

A business plan is a detailed plan of the costs you will incur to open a business, expand or maintain an existing one, or introduce another initiative.

Anyone who applies for a grant, be it an individual, a company, a public organization, etc., must submit the specified document, in which a number of mandatory and tangential points must be highlighted.

photo of drawing up a business plan

According to the general structure, the business plan consists of a descriptive and financial part.

Descriptive part highlights your business idea and contains a number of mandatory questions containing a detailed description of business processes:

  1. Business organization and the main advantages of your business idea, it is also additionally indicated whether there is relevant work experience in this direction;
  2. Mid-term and long-term goals for the implementation of the business idea for the next 3 years, which must be specific, measurable, achievable, realistic and time-bound;
  3. A description of the costs of grant funds for the categorization of your needs (for equipment, products, rent of premises, marketing, etc.) for the next 3 years;
  4. Determination of education (direction and level) and prior work experience in the relevant direction of business idea implementation;
  5. Detailing the target audience of your consumers, a number of key competitors in the market at the time of application, and more.

Paydesk is a single and detailed estimate of the implementation of a business idea, consisting of the following:

  • Plan of income from the sale of goods or services for the next 3 years;
  • A plan of expenses from the implementation of a business idea, consisting of a description of expenses for the sale of goods or services, rent of premises, marketing, utilities, professional services of an accountant, and others.

Development of a business plan is a very responsible stage, which will depend on the probability of making a positive decision and providing financing in general.

Qualified specialists of Law office "Prikhodko and Partners" offer interested clients their services for preparing a high-quality business plan from scratch, for each specific business idea of ​​a person, making changes to the client's business plan at his request.

We recommend that in order to increase the probability of approval of business financing and save time for the preparation of all necessary documentation for submission to the grant competition, we recommend that you immediately contact our specialists, who will be able to advise you on the issue of obtaining a grant, help in the development of a grant application and the creation of a business plan (descriptive and financial part).

photo of drawing up a business plan for a grant

Conclusions.

Therefore, the preparation of a business plan will help you not only to plan your activities for the implementation of the business idea, to plan the main expenses and income, but will also play a key role in making a decision on the approval of your grant.

In order to save effort, time, and obtain the desired result, the specialists of Prikhodko and Partners Law offce offer their service of developing a business plan upon request and full support in the process of submitting a grant application and obtaining financing.

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Lawyer's assistant

A specialist in the practice of migration and corporate law, he also specializes in legal support for businesses in EU countries.

Contact now
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