How to make a viable Business Plan
This section brings together resources and useful recommendations for a functional
business plan. Because the business plan to be a useful tool for entrepreneurs,
it must be adapted to the profile and objectives.
Why you need a business plan
A business, regardless of type, must be based on a strategy to have a strict plan
of action in terms of financial resources, supply, etc. targets. The business plan
is the synthesis of the data business, including business idea, project development
and related calculations.
For a business plan to reach its goal, it must take into account:
- individual business profile
- economic environment in which to conduct business
- objectives in conducting business
- purpose for which it was conceived (the presentation of the company, attracting
partners and funding for an existing business or launching a new business).
The business plan is a document designed to determine the course of an enterprise
in a certain period of time.
He sets the mission, objectives,
strategy and action plans to carry out a specific activity
during a specified future period.
The utility business plan is internally (as a working tool for managers)
and external (to obtain financing or to achieve a strategic partnership
with another firm).
The business plan is the preferred mode of communication between entrepreneurs and potential
donors and investors.
It is used to explain to employees the meaning of
all tasks, and the role they play in the company.
Structure of a business plan
Business plan is on the one hand, a tool to control the whole process of starting
and supporting business. On the other hand, a business plan is an important indicator
of the maturity of business in relation to the business.
Plan provides business customers, suppliers, partners, shareholders or funding a
suite of specific information about business structure, generally in the following
sequence:
- Title and short description
Here are highlighted the contact and identification of company logo, date of completion
of a business plan
This is an index of chapters developed in the Business Plan, including the number
of pages corresponding to each chapter.
Here will find a brief history of the business from launch to date, including initial
work, further development, the main events of the company and any other relevant
information for defining the specific business.
- Team and company management
It is important to highlight here the group management and the role that each member
has in cordonarea business. It is advisable to put the emphasis on knowledge and
expertise of specialists recruited into the management team of the company.
- Presentation of products / services
This will describe the products or services you bid, including their characteristics,
the percentage of turnover, the levels of prices and any other relevant information
in the same category:
- you sell
- what benefits it brings to consumers offer
- what products are required on the market
- which brings different product or service in relation to the competition, etc..
This section is reserved for presentation of market outlets for products and services:
- the number of existing and potential customers
- size of market outlets;
- existing competition on this market segment
- trends of development of the market.
This section will highlight the aims and objectives of the business and will make
a realistic estimate of the progress of business in the short term and long term.
Business Strategy
This will describe the strategy of introducing products / services market and the
measures for maintaining and boosting sales. Also in this section may refer to marketing
strategy and how to implement it. The main issues to be achieved are the following:
- Product Policy
- pricing policy
- Distribution Policy
- means of promotion.
Financial
It is the chapter with the highest weight of the structure of a business plan, with
great relevance in attracting investment, partnership or association in the contracting
of loans.
This section contains, in most cases, the following components:
- current financial situation - documents and information society
(tangible fixed assets, and the legal value of their balance sheet, the profit and
loss account, balance accounts, etc..)
- financial estimates - forecast of sales, revenues or expenses quarterly,
monthly or annual business etc..
Will anticipate all aspects of business finance, revenue and costs, including funding,
estimated costs, determine profit etc.., indicating that they should be more realistic.
Useful Resources
http://www.animmc.ro/files/comert/Plan_de_Afaceri.pdf
http://www.resurseimm.ro/Management/ Cresterea-eficientei/Ghidul_tanarului_intreprinzator.pdf?
id = 49
http://www.fbb.ro/ home / franchise-archive / plan-of-business i.htm
http:// www.eafacere.ro/articole/cine-are-nevoie-de-un-plan-de-afaceri-_6.html
http: / / www.despreafaceri.com / articles / business-and-marketing / how-to-draws-a-plan-of-afaceri.html
Specific articles list
How to make a successful business plan / business plan to set up a grain mill -
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Business plan to set up a grain mill - Part II |
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