Hainan company formation may require a set of documentation, such as market research report, feasibility study report, due diligence report and business plan. Actually, business plan is one of the most important documents needed for the investors for starting business in China. A well-written business plan can mean the difference between success and failure, not only when it comes to securing capital, but also as it relates to actually running your company.
Functions of a Business Plan
1. To identify problems in your plans before you implementation.
2. To get the commitment and participation of those who will implement the plans, which leads to better results.
3. To establish a roadmap to compare results as the venture proceeds from paper to reality.
4. To achieve greater profitability in your organization, products and services -- all with less work.
5. To obtain financing from investors and founders.
6. To minimize your risk of failure.
7. To update your plans and operations in a changing world.
8. To clarify and synchronize your goals and strategies.
Content of a Business Plan
A business plan conveys your business goals, the strategies you'll use to meet them, potential problems that may confront your business and ways to solve them. A good business plan follows generally accepted guidelines for both form and content. There are three primary parts to a business plan:
1. Business Concept. This part is where you discuss the industry, your business structure, your particular product or service, and how you plan to make your business a success.
2. Marketplace Section. Here, you describe and analyze potential customers: who and where they are, what makes them buy and so on. Here, you also describe the competition and how you'll position yourself to beat it.
3. Financial Section. This part contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.
In addition to business plan, Tannet can also help draft many other documents, including but limited to, articles of association, various agreement/contract, employee handbook, feasibility study report, due diligence report, project solutions, biding document, patent application documentations, etc. We provide one-stop services for you to do business in China.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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