“how to create a business plan” BY: Reginald T. Hardaway Sr., MS, Ed.D I. II. III. IV. V. VI. The Executive Summary The Business (History) Service Market (Industry Analysis) Target Market The Competition Marketing Plan or Strategic Plan VII. Operations VIII. Management & Organization IX. X. Developments Financials (Balance, Sheet, Income Statement) HOW TO CREATE A STATEGIC PLAN I. II. III. IV. What is? Where are you today? What do you want to be? What are your future goals? Is there a discrepancy between the above questions? Is there a quick fix for the above problems? If no, then planning is necessary. Identify the problems. Example: limited capital for business. Are there alternative solutions to problems? V. VI. VII. The determination has to be made as to if the alternatives are grounded in research. VIII. Field Test the Plan IX. X. Implementation: give plan time to work. Evaluate the success of the plan or make necessary changes.