FOR SENDING-Business Plan Presentation
Shared by: mercy2beans125
What is a Business Plan? It is a written document that describes what the entrepreneur’s business is all about and how he or she intends to start it and sustain it. What is a Business Plan? It should discuss the following: What the business will produce, how it will be produced, and who will buy the product or service Who will run the business How the business will win over customers and keep them How the financial picture would look like over time For whom is it written? The entrepreneur To provide a road map of where the business will go To force the owner to think about all aspects of the business venture To help communicate ideas to others To aid in managing the business For whom is it written? The employees To give them a clear idea of what the owner wants to do To motivate them to work hard To enable them to see where they can fit in the scheme of things To encourage “buy‐in” on the owner’s plans For whom is it written? For potential financiers, partners, investors, and suppliers To prove that the business model is solid To give them an idea of where their funds would go To show the profit potentials of the business venture What is in the Business Plan? Background of the idea How the opportunity came about What skills the entrepreneur possessed What factors were considered What is in the Business Plan? VMOKRAPI An outline of the goals for the business Basically where the owners intend to take the business Includes measurable end goals or outcomes What is in the Business Plan? Business model/concept Logic of the business How the owners intend to make money “buy low sell high collect early pay late” The products/services to be offered What is in the Business Plan? Form of ownership Corporation, partnership, or sole proprietor Who the partners are and how many shareholders are there Legal form affects how the business works What is in the Business Plan? External assessment Macro environment Industry analysis Market demand and supply analysis Micro market analysis What are the opportunities and threats What is in the Business Plan? Internal assessment Organizational performance versus historical, targets, and benchmarks Organizational capability and competency Resource utilization Management processes Functional areas of management What is in the Business Plan? Internal assessment Teams and individuals State of physical assets, environmental conditions Organizational affiliations, alliances, and linkages Leadership and top management Overall fit of Vision, Strategies, Organization, and People What are the strengths and weaknesses What is in the Business Plan? Marketing plan Knowledge of customers and their needs and wants Identification of competitors Local area marketing The marketing mix: P’s of marketing What is in the Business Plan? Operations plan How will goods or services be produced based on customer needs and wants Where will materials be sourced In house or subcontracted processes Operating efficiency and quality assurance What is in the Business Plan? Human resources plan Recruiting Rewarding Reviewing Retaining Routing Retooling Recycling Resonating What is in the Business Plan? Financial plan Profit and loss statement Balance sheet Funds flow statement Cash flow statement Ratio analysis Tips in writing a business plan Be honest and true to yourself Do a very good research; Cite your sources Base forecasts on statistical evidence Be sure it is neat and organized Include cover letter with business information; executive summary Please proofread!!!