You may be experienced in writing essays and reports, yet how about writing business plans for your own company? You may make reference to the writing tips and templates below for developing a detailed business plan, which could also assist you in the entire planning process of starting a new business as well as to pitch and apply relevant startup funds. Content OutlineObjectives and GoalsIndustry OverviewCompetitors/ Market Positioning AnalysisMarketing Strategies, Pricing and Promotion StrategiesDescription of Products and ServicesCompany Structure and Background of the Management TeamOperational PlanningFinancial Planning Writing Tips Make your business plan user-friendly, easy to read and understand.Use charts and figures along with descriptions and interpretations.Tailor your business plan for specific reader. For instance, you should focus on cash flow adequacy for banks and potential return with payback period for investors.Follow a complete structure to present your business in an organised way.Include a general market overview / market analysis to show your understanding of the industry and your business position.Emphasise your business uniqueness, strengths and competitive advantages.Develop realistic but aggressive projections, explain use of fund and expected payback period.Complete all the sections of a business plan first, then put all the highlights in the Executive Summary concisely.Review and edit before presenting it. Business Plan TemplateIllustrative Business Plan Source: SUCCESS 

Most young people who are just starting out don't have much capital. If they want to start a business, it is inevitable that they will face financial challenges. So how can this be resolved?The Government provides over 70 funding schemes with different funding scopes, amounts and requirements to promote and support the development of enterprises and industries in Hong Kong. The Trade and Industry Department's SME Link "Government Funding Schemes" webpage offers a convenient search tool for browsing a wide range of government funding schemes. Young people can filter and search for funding schemes based on eligibility, industries, business needs, or keywords.>>Click here to visit the "Government Funding Schemes" search toolIn addition to the search tool, young people can also browse the Government Funding Schemes at a Glance to gain a comprehensive understanding of the support available.Sources and Useful LinksThe Trade and Industry Department's SME LinkGovHK - Government Funding SchemesStartmeupHK