Skip to main content

HOW TO WRITE A BUSINESS PLAN


Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get everything down on paper. The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn't include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in.

Executive Summary

Within the overall outline of the business plan, the executive summary will follow the title page. The summary should tell the reader what you want. This is very important. All too often, what the business owner desires is buried on page eight. Clearly state what you're asking for in the summary.

Business Description

The business description usually begins with a short description of the industry. When describing the industry, discuss the present outlook as well as future possibilities. You should also provide information on all the various markets within the industry, including any new products or developments that will benefit or adversely affect your business.

Market Strategies

Market strategies are the result of a meticulous market analysis. A market analysis forces the entrepreneur to become familiar with all aspects of the market so that the target market can be defined and the company can be positioned in order to garner its share of sales.

Competitive Analysis

The purpose of the competitive analysis is to determine the strengths and weaknesses of the competitors within your market, strategies that will provide you with a distinct advantage, the barriers that can be developed in order to prevent competition from entering your market, and any weaknesses that can be exploited within the product development cycle.

Design & Development Plan

The purpose of the design and development plan section is to provide investors with a description of the product's design, chart its development within the context of production, marketing and the company itself, and create a development budget that will enable the company to reach its goals.

Operations & Management Plan

The operations and management plan is designed to describe just how the business functions on a continuing basis. The operations plan will highlight the logistics of the organization such as the various responsibilities of the management team, the tasks assigned to each division within the company, and capital and expense requirements related to the operations of the business.

Financial Factors

Financial data is always at the back of the business plan, but that doesn't mean it's any less important than up-front material such as the business concept and the management team.
Labels:

Comments

Post a Comment

Popular posts from this blog

Prison Break:- Prisoner Escapes From Jail To Steal Then Sneaks Back Inside (Photos)

Some prison inmates have gotten themselves into more trouble than they saw coming after they broke out of jail to steal and then sneaked back inside. Four prison inmates reportedly broke out of the Holmes-Humphreys County Correctional Facility, broke into a business, and then returned to jail. According to New York Post, the group of Mississippi inmates busted out of jail this week, burglarized a bargain store — and then broke back in and returned to their cells. The jailbirds, identified as Levontaye Ellington, Travis Baker, Maurice Robertson and Jacquiez Williams broke out of the Holmes-Humphreys County Correctional Facility in Lexington Tuesdayby hopping a fence, Mississippi News Now reported. Once in the clear, the men walked less than a mile to a Dollar General chain store after closing and swiped anything they could grab. “They stole cigarettes, cigarette lighters, phones and just items they felt they could sell in jail,” Lexington Police Chief Robert Kirklin said ac...
Post a Comment
Read more

REAL WAYS TO ACTUALLY MAKE MONEY ONLINE

How many articles are there about making money online? Thousands?  Millions? Enough? Probably. But there’s a problem. Too many of them are just sales pitches to convince you to sign up for some seminar, webinar, training session or some other way to become an online millionaire. They really give online money making a bad name. But it is possible to make money online. I mean, the people selling all of those millionaire pitches are making money, right? There are legitimate ways to make money online. The problem is that the real ways to make money aren’t “get rich quick” schemes. Most of them require a lot of work and sometimes a lot of dedication before seeing a return on your time.  But if you really want to make money online, work from home or turn an idea into a business, you  can  do it. You can even earn money with apps if you don’t want to venture all the way to the computer. I’m going to tell you about all kinds of legitimate ways to make m...
Post a Comment
Read more

Interesting facts about Africa

1. Africa is not a country, it is a continent that consist of 54 countries. 2. Africa is the world’s second driest continent (after Australia). 3. The African continent has the second largest population in the world, at about one billion people. 4. The largest religion in Africa is Islam, followed by Christianity. 5. Cairo is the continent’s largest city. 6. The world’s largest land animal is the African elephant. 7. The fastest land animal in the world, the cheetah, lives in Africa. 8. Africa is home to the world’s largest reptile, the Nile crocodile. 9. The gorilla, which can be found in the continents jungles, is the world’s largest primate. 10. Victoria Falls is the largest waterfall in Africa; it is 355 feet high and one mile wide. 11. Mount Kilimanjaro is the highest mountain on the continent. 12. Nigeria is the most populated country with over 145 million people. 13. The Fish River Canyon in Namibia is the second largest canyon in the world. 14. Lake Malawi has t...
Post a Comment
Read more