why create a business plan?

In practice, few micro-entrepreneurs set up a business plan before launching. However, this document and, more particularly, its development process, makes it possible to ask the right questions and see if, in the end, the project will be as profitable as hoped. Here are the reasons why the business plan can be interesting for a micro-entrepreneur.

Check that the project is sufficiently profitable

The profitability of a project to create a micro-enterprise cannot be measured simply by subtracting the social charges from the turnover. It would be a mistake to reason like this because a micro-entrepreneur bears, like any other business, expenses that impact its profitability.

However, profitability is measured by a result. The latter is obtained by taking the difference between the forecast turnover and all the company’s expenses: social charges, supplies and raw materials, purchases of goods, rents, insurance contributions, small equipment, bank charges, etc

Measure the income generated by the activity

A business project is of interest to a micro-entrepreneur only if it allows him to earn income from it. In a sole proprietorship, the entrepreneur can take the money he wants, even if there is some. To find out before starting, you have to do some preliminary calculations.

To estimate the funds available in the company, and therefore the potential remuneration of the micro-entrepreneur, it is necessary to establish a cash budget. The latter highlights the cash balance, the difference between receipts and disbursements of the micro-enterprise.

Make sure the micro diet is suitable

Micro is not the ideal tax regime. Sometimes it is even financially penalizing for the entrepreneur. Calculation and taxation methods may force him to pay more taxes and social charges than necessary: ​​non-deductible charges, application of a percentage on gross receipts, etc.

The business plan of a micro-enterprise can then serve as a support for comparing the micro regime (micro-BIC or micro-BNC) and an actual tax regime. This is one of the normal regimes for BICs (simplified real or normal real) or the controlled declaration regime for BNCs. It will then make it possible to identify the most appropriate regime.

Negotiate a bank loan

Finally, a business plan is, let’s not forget, a communication medium intended to convince the company’s potential partners. However, it can happen in practice that a micro-entrepreneur does not have enough money to start his activity.

He must then find funds and begin the process of seeking professional financing. If he contacts credit institutions, they will systematically ask him for a business plan. This document is therefore essential, even if it requests a low-value loan.

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Pierre Facon Pierre Facon is associate director of FCIC, a company specializing in online media publishing on the creation, management and takeover of businesses. He created and launched the website l…
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