Create Business Summary
Business Name: Date of Birth: E-mail: Student Name: Mobile Number:
Note: In this section give a brief summary of your business idea, the resources you will need to set it up and any relevant experience/skills you may have. Any problems contact Joe on 94648 or email j.buglass@lancs.ac.uk with Business Plan Template as the subject heading. Business Details: Describe your business idea in detail
Resources: What resources, expertise and/or equipment will you need?
Aptitude: Relevant work experience/relevant training
This project has been part financed by the European Regional Development Fund. NW Objective 2 Programme 2000-06.Delivering an Entreprenuerial and Digital Economy in North West Lancs Action Plan.
Business Plan
Business Name:
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Student Name:
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About Completing This Plan: This section should make you think about your business in terms of what you want to achieve, and who you are selling to. Knowing your business: what do you want to achieve with your business? My short term business goals are (1 month to 3 years)
Long Term: Planning – what do you want to achieve with your business? My long term business goals are (3 to 10 years)
Knowing your product/service - The Unique Selling Proposition of my product/service is:
Know your market -
If a one-off purchase, how are you going to sustain sales?
I would describe the demand for my product as a one-off purchase/repeat purchase* (*delete as appropriate). Customers My customer profile: Age Income bracket Sex
The approx number of customers available to my business is:
Their needs are How would my typical customers tend to buy products and services? What they value most about my product/service is.... They will buy my product /service through…. The after-sales service they expect from me is... They would choose my product /service over my competitor’s because....
Knowing your business: Planning – what do you want to achieve with your business? My short term business goals are (1 month to 3 years)
Promotion Types of advertising/promotion you will use
Success to be measured by
Method used by competitors
Date Printed: 8/12/2008
This project has been part financed by the European Regional Development Fund. NW Objective 2 Programme 2000-06.Delivering an Entreprenuerial and Digital Economy in North West Lancs Action Plan.
Competitor Comparison
Business Name:
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Student Name:
About Completing this: This section gives you the chance to evaluate those businesses who you consider to be your competitors. best policy when filling this section in - if your competitor is better than you in particular areas then note it down as something that n The last four sections are for you to add what you consider to be factors affecting your business.
Criteria Product/Service Price Availability Delivery Location Special Offers After-sales service Strengths Weaknesses USP Promotion/Sales Other 1 Other 2 Other 3 Other 4
My business
Competitor A
Part project financed by the European Regional Development Fund. NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan.
Ben
ses who you consider to be your competitors. Honesty is the r areas then note it down as something that needs working on. o be factors affecting your business.
Competitor B
Competitor C
Part project financed by the European Regional Development Fund. NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan.
Working Budget
Business Name: Student Name: Year 1 ₤ 0 0 0 #DIV/0! #DIV/0! ='Business Summary'!B2 0 Year 2 ₤ 0 0 0 #DIV/0! #DIV/0! Year 3 ₤ 0 0 0 #DIV/0! #DIV/0!
Costing the product
Unit Selling Price Cost per unit Gross profit per unit Gross profit margin (%) Unit sales to break even
Projections
I plan to sell (number of Units) This will make a profit of*
Year 1
Year 2
Year 3
0 Year 1 ₤
0 Year 2 ₤
0 Year 3 ₤
Overhead costs
Salaries/wages National Insurance Tax Stationery/postage/printing Advertising Petrol Road Fund Tax Business Insurance Bank loan Bank Charge Accountants’ fees Other 1 Other 2 Other 3 Other 4 Other 5
Total Overhead Costs
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0
0
Project part financed by the European Regional Development Fund NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan
Note
(The amout each unit of your product is sold for per hour/per day/per item) (this is the cost to you of raw materials per unit sold per hour/per day/per item) (the amount of profit you are making per hour/per day/per item excluding overheads)
Breakeven point is the level of sales needed to cover the total of all the costs listed below Note
This is your sales projection *This does not take into account any start up / capital costs you may have to repay.
Note
Project part financed by the European Regional Development Fund NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan
£
Project part financed by the European Regional Development Fund NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan
Funding Your Business
Business Name: Student Name: 0 0
This section, if filled in correctly, will give you some idea of how much it will actually cost to start up your business. It will also mak you will obtain your start up funding. ₤ Note
Start- Up Costs
Unit Selling Price Cost per unit Gross profit per unit Gross profit margin (%) Unit sales to break even
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Start-Up Funding
Funding your business – I will finance the start-up of my business through the following: Source ₤ Note
Grants - Details Own Resources – Details Loans – Details Creditors – Details
Project part financed by the European Regional Development Fund NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan
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will actually cost to start up your business. It will also make you think about where your start up funding.
Project part financed by the European Regional Development Fund NW Objective 2 Programme 2000-06 Delivering an Entrepreneurial and Digital Economy in North West Lancs Action Plan