Business plan preparation
Business Plan
is a detailed and integrated written document that describes the various activities involved in opening and operating a new entrepreneurial venture.
Major Parts of the Business Plan
1. Introduction - presents the general perspective of the business..
2. Executive Summary - points out the overall highlights of the business plan as well as the bird's-eye view of its sections.
3. Environmental Analysis - is a strategic tool that helps determine the external and internal forces affecting the performance of the business. It is considered the heart of the business plan and perceived as the basic element for business survival.
4. Business Description - presents the nature and form of the business to be undertaken.
5. Organizational Plan - provides a detailed description of the business in terms of the following:
1. Form of the business organization
2. Liability of the owner or owners
3. Organizational structure
4. Roles and responsibilities
5. Salary requirements
6. Production Plan - presents or describes activities related to production of goods. The production plan is the result of the industry analysis, particularly the study of supply and demand and consumer behavior.
7. Operation Plan - is a major section of the business plan that outlines the various activities, from acquisition of raw materials to the delivery of the products to the target consumers.
8. Marketing Plan - details how the proposed business will sell the product to the target consumers.
9. Financial Plan - accumulates and describes all the data expressed in monetary units from the other sections of the business plan.
10. Appendix - holds the entire plan's supporting documents in clear, well-organized fashion. It consists of an array of documentation that ranges from receipts and bank statements to contracts and inventories.
is a detailed and integrated written document that describes the various activities involved in opening and operating a new entrepreneurial venture.
Major Parts of the Business Plan
1. Introduction - presents the general perspective of the business..
2. Executive Summary - points out the overall highlights of the business plan as well as the bird's-eye view of its sections.
3. Environmental Analysis - is a strategic tool that helps determine the external and internal forces affecting the performance of the business. It is considered the heart of the business plan and perceived as the basic element for business survival.
4. Business Description - presents the nature and form of the business to be undertaken.
5. Organizational Plan - provides a detailed description of the business in terms of the following:
1. Form of the business organization
2. Liability of the owner or owners
3. Organizational structure
4. Roles and responsibilities
5. Salary requirements
6. Production Plan - presents or describes activities related to production of goods. The production plan is the result of the industry analysis, particularly the study of supply and demand and consumer behavior.
7. Operation Plan - is a major section of the business plan that outlines the various activities, from acquisition of raw materials to the delivery of the products to the target consumers.
8. Marketing Plan - details how the proposed business will sell the product to the target consumers.
9. Financial Plan - accumulates and describes all the data expressed in monetary units from the other sections of the business plan.
10. Appendix - holds the entire plan's supporting documents in clear, well-organized fashion. It consists of an array of documentation that ranges from receipts and bank statements to contracts and inventories.