7/08/2013

Business Plan

What is Business Plan?
A Business Plan (BP) can be defined as a document that describes an organization's current status and forecast/plans for the growth in the times ahead. This can be a quarter of a years in the future.

What Does A Business Plan look like
There is no standart format for a business plan there are many common components of a business plan:
Executive Summary
Table of Contents
1. Statement of Purpose
2. Company History
3. Business Description
4. Products and Services
5. Market Analysis
     a. Customers
     b. Competition
     c. Marketing Strategy
6. Management
7. Operations
8. Financial Plan
9. Appendices
Many business plans will also include appendixes with additional information related to the business, its operations, its owners/managers, marketing/promotional plans, etc.

How to Draft a Business Plan
So how to work on a simple business plan? Work on these lines:

  1. Vision of Organization
  2. Goal of future
  3. consumers, users, target market
  4. your team / company
  5. barriers to achieve the target
  6. how to serve clients/customers
  7. adding new customers/users/target market size
  8. Accounting

How to make Business Plan

"Executive Summary"
The Business
  • Business name
  • Business structure
  • Business location
  • Data established
  • Products/Services
The Market
  • Market targets
    [outline your planned sales targets. What quantity of your products/services do you plan to sell in a planned time frame? Are they monthly of yearly target?]
    -S.W.O.T analysis
      Strength, Weakness, Opportunities, Threats
    -Your Competitors
    -Advertising & Sales
The Future
  • Vision Statement
  • Mission Statement
  • Goals/objectives
The Finances
       start-up cost, break even analysis, supporting documentation and others.

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