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What is a business plan?
A business plan is a structured document that explains a company’s goals, products or services, target market, and strategies for achieving financial and operational success.
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Why is business plan preparation important?
It is important because it guides the business with a clear roadmap, helps in better decision-making, and improves the chances of securing loans or investments.
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Who needs a business plan?
Startups, growing businesses, and companies applying for bank loans, venture capital, or private equity funding all require a business plan or project report.
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What is the difference between a business plan and a project report?
A business plan covers the overall vision and strategy of the company, while a project report is more detailed and is specifically prepared for loan or funding approval.
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What are the key contents of a business plan?
A business plan usually includes an executive summary, company description, market and industry analysis, operations plan, marketing strategy, and financial projections.
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Are financial projections mandatory in a business plan?
Yes, realistic financial projections are mandatory because banks and investors use them to assess the feasibility of the business.
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How many years of projections are required in a business plan?
Most banks and investors expect 3 to 5 years of financial projections, including profit and loss, balance sheet, and cash flow statements.
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Do banks in India require a business plan for loans?
Yes, banks and NBFCs generally require a business plan or project report before they approve business loans.
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What documents are required for project report preparation?
Essential documents include company incorporation papers, MOA and AOA, promoters’ KYC, GST registration, audited financials, bank statements, and projected financials.
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Can a startup with no financial history prepare a business plan?
Yes, startups can prepare a business plan using realistic assumptions, industry benchmarks, and planned growth strategies.
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Does a business plan guarantee funding?
No, a business plan does not guarantee funding, but it greatly increases the chances by presenting a strong case to lenders and investors.
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Can I prepare my business plan myself?
Yes, but professional drafting ensures that the plan is structured, accurate, and aligned with the expectations of banks and investors.
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How long does it take to prepare a business plan?
On average, a professional business plan takes 7–10 working days depending on the complexity of the business and data availability.
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Is industry analysis necessary in a business plan?
Yes, industry and market analysis are necessary as they demonstrate demand, competition, and growth potential in the chosen sector.
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What is the cost of business plan preparation in India?
The cost depends on the funding amount and complexity, but services generally start from ₹19,999 for small business funding requirements.
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Do investors always ask for a business plan?
Yes, investors such as venture capitalists, angel investors, and private equity firms always ask for a detailed business plan before making investments.
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Can a business plan be revised later?
Yes, business plans can be revised when new opportunities, strategies, or funding requirements arise.
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Is confidentiality maintained while preparing business plans?
Yes, professional service providers like Ebizfiling ensure complete confidentiality of client information and financial details.
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What role does Ebizfiling play in business plan preparation?
Ebizfiling prepares customized, professional business plans with accurate projections, industry analysis, and compliance with funding standards.
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How can I get my business plan prepared with Ebizfiling?
You can get started by contacting Ebizfiling at +91 9643 203 209 or emailing info@ebizfiling.com for expert assistance.