A Sample Plan Business Plan Objective Throughout the process of creating a business plan, you need to keep in mind its objective. Why are you writing the plan? Is it to manage the business?
Business acquisitions, franchise purchases and newly developed products are just some of the events that might prompt an existing business to create a business plan. Existing businesses use the business plan to monitor their expenses, define their strategies and benchmark their progress.
Create a cover page for your business plan. Include the name of your business, full address and all contact information, including fax number and email address. Complete a general business description for your business. Include resolutions that your business implemented to correct any problems or failures.
Explain the products in depth and highlight the competitive advantages and disadvantages of your products. Identify any strategies or steps that your business has taken to overcome disadvantages in your products.
Complete a primary and secondary analysis of your industry, industry trends, target market, target market demands and competition. Use resources, such as demographic profiles and census data, to complete your secondary analysis. Refer to your own business data and analysis to complete your primary analysis.
Provide detailed information, including statistics and sources, to support your findings and strategies. Identify and explain the demographics of your target market.
Explain the features and benefits of your products, as well as why these features and benefits appeal to your target market. Identify your business competitive advantages and disadvantages and explain the strategies that your business will use to compete against the competition.
Explain the advertisement methods that your business will use to capture its target market. Define the strategies that your business will use to retain its customers, as well as generate referral business. Include price points and expenses that will generate from these strategies.
Include information on the expenses that pertain to each, such as mortgage or lease payments, utilities and equipment warranties. Provide details about your business legal requirements, such as permits, zoning compliances and environmental regulations.
Explain how your business completes its operations, maintains quality, controls inventory, develop products and services customers. List the responsibilities and functions of your executive and senior employees. List the number of employees that your company maintains and identify each department.SMOB Client Flow Chart; FAQs; Educational Services.
This section of the business plan explains how you will hold in inventory, whay type of supplies you will keep on hand, what suppliers you will use and what type of equipment you will need to operate the business. For existing business additional financial history (past three years.
• Unsubstantiated assumptions can hurt a business plan; the business owner Business Plan Outline Cover Sheet: Business Name, Address, Phone Number, Principals Executive Summary or Statement of Purpose Table of Contents For start-ups or existing businesses, market analysis is .
The Strategic Plan identifies what the Chamber’s top priorities and goals are, serving as Identify and establish or deepen the relationships with existing small business resource providers.
alphabetnyc.comp and implement a marketing/communication plan for the Entrepreneur Friendly. when you plan to open, or if you are an existing business, where you are (or will be) located, what your products and services are, what your target market is, etc.
and discipline into a business. 5. A good business plan is a living document. It should be updated regularly.
2 Title Page Your Company Name Street Address City, State & Zip Code Existing Business • Balance sheets (last 3 years) • Income statements (last 3 years) • Cash flow statement (12 months). The business plan is not just for business startups.
Business acquisitions, franchise purchases and newly developed products are just some of the events that might prompt an existing business to.