This document outlines the key sections of a business plan, including an executive summary, management and organization, product/service plan, market plan, and financial plan. The executive summary provides an overview of the business and market opportunity. The management section describes the organizational structure and key personnel. The product/service plan outlines the offerings and production/distribution. The market plan discusses the target market and marketing strategies. Finally, the financial plan projects revenues, costs, and profits.
This document outlines the key sections of a business plan, including an executive summary, management and organization, product/service plan, market plan, and financial plan. The executive summary provides an overview of the business and market opportunity. The management section describes the organizational structure and key personnel. The product/service plan outlines the offerings and production/distribution. The market plan discusses the target market and marketing strategies. Finally, the financial plan projects revenues, costs, and profits.
This document outlines the key sections of a business plan, including an executive summary, management and organization, product/service plan, market plan, and financial plan. The executive summary provides an overview of the business and market opportunity. The management section describes the organizational structure and key personnel. The product/service plan outlines the offerings and production/distribution. The market plan discusses the target market and marketing strategies. Finally, the financial plan projects revenues, costs, and profits.
This document outlines the key sections of a business plan, including an executive summary, management and organization, product/service plan, market plan, and financial plan. The executive summary provides an overview of the business and market opportunity. The management section describes the organizational structure and key personnel. The product/service plan outlines the offerings and production/distribution. The market plan discusses the target market and marketing strategies. Finally, the financial plan projects revenues, costs, and profits.
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BUSINESS PLAN
Learning Objectives:
1. Define the business plan
2. Determine the importance and pats of a business plan. MARKET
•refers to a group of people or
organization that has an interest on a product or services. PARTS OF BUSINESS PLAN •I. EXECUTIVE SUMMARY •II. MANAGEMENT AND ORGANIZATION •III. PRODUCT/SERVICE PLAN •IV. MARKET PLAN •V. FINANCIAL PLAN I. EXECUTIVE SUMMARY
It contains a brief introduction and
summarizes everything that is relevant and important to the prospect business audience. What information is needed?
• Descriptionof the proposed business and
business model. • Descriptionof the market opportunity to capture, or market problem the business solves • Reasons why this is an attractive business opportunity • Keydistinctions or differentiators of the business versus competitors What information is needed?
• Overview of the sales, marketing, and
operation strategy and plan • Description of the executive plan and timeline • Overview of projects financials containing revenues, costs, profits, and assumptions II. MANAGEMENT AND ORGANIZATION
This part includes all the basic
information of your business. This is also describes the workflow organizational structure; the background, experience and role of each of your business from the highest position up to the lowest. What information is needed?
• Company Name, Logo, and Address
• Vision and Mission Statements • Key Personnel • Organizational Chart • Ownership Capitalization, Compensation, and Incentives • External Management Support LOGO
•Logos are intended to be the face of
a company. They’re meant to visually communicate the unique identity of the brand and what it represents. VISION AND MISSION STATEMENTS
•Vision statement should describe what
you want to achieve and what you want to offer your customers.
•Asyou write your mission statement,
remember to make it clear, short and specific. KEY PERSONAL
• Name • Name • Title • Title
Key personnel are individuals who perform
essential functions in your business. III. PRODUCT/SERVICE PLAN
The products and services section
of your business plan outlines your product or service, why it’s needed by your market, and how it will compete with other businesses selling the same or similar products and services. What information is needed?
•Purpose of the product / service
•Product’s unique features •Material requirements and source of supply •Equipment that will be used to manufacture the product / render the service What information is needed?
•Production/ Service Process and
Controls •Distribution logistics •Regulatory and other compliance issues IV. MARKET PLAN
A marketing plan is the advertising
strategy that a business will implement to sell its product or service. The marketing portion of a business plan addresses how you will get people to buy your product or service in sufficient quantities to make your business profitable. What information is needed?
• Market Analysis which includes demand
and supply vis-à-vis competitors • Marketing and Sales Strategies • Product/Service characteristics or features • Pricing Policy • Sales Projection V. FINANCIAL PLAN
A financial plan documents an
individual's short- and long-term financial goals and includes a strategy to achieve them. The plan should be comprehensive and highly customized.