BIT310 BUSINESS DEVELOPMENT PROJECT Chapter 1: Business P an Basi!s Business p an: a "ritten #es!

ripti$n $% &$ur 'usiness(s %uture te in) "hat &$u p an t$ #$ an# h$" &$u p an t$ #$ it* +hen sh$u # &$u "rite it, Reas$ns: 1* Test - e.p $re the %easi'i it& $% &$ur 'usiness i#ea /* Deter0ine the 'est %inan!ia res$ur!es t$ start &$ur 'usiness thr$u)h in1est$rs $r partners 3* See23se!ure %inan!in) thr$u)h $ans4 !re#it4 $r pa&0ent ter0s 5* I#enti%& the 2e& pe$p e t$ "$r2 "ith &$u 6* Esta' ish 'usiness re ati$nships "ith &$ur !ust$0ers4 supp iers $r #istri'ut$rs 7* Create an $perati$na te0p ate %$r )$$# 0ana)e0ent $% &$ur 'usiness Note: 8$ur etter $% intent !an 'e a##resse# t$ p$int 34 54 $r 6* 9#1i!es: :n$" &$ur !$0petiti$n :n$" &$ur au#ien!e ;a1e pr$$% t$ 'a!2 up e1er& ! ai0 &$u 0a2e Be !$nser1ati1e in a %inan!ia esti0ate an# pr$<e!ti$n Be rea isti! "ith ti0e an# res$ur!es a1ai a' e Be $)i!a ;a1e a str$n) 0ana)e0ent tea0 D$!u0ent "h& &$ur i#ea "i "$r2 Des!ri'e &$ur %a!i ities an# $!ati$n %$r per%$r0in) the "$r2

+h& sh$u # &$u "rite a 'usiness p an, This se!ti$n pr$1i#es &$u "ith the purp$ses3reas$ns %$r "ritin) the p an* 8$u !an use s$0e $% these i#eas %$r &$ur LETTER O= INTENT* The etter $% intent sh$u # 'e a##resse# t$ a 'an23%inan!ier3pr$spe!ti1e 'usiness partner e.pressin) &$ur intenti$n >t$ )et %inan!in)4 $r t$ share the 'usiness $r $ther reas$ns? But %$r the re@uire0ent $% this su'<e!t4 &$ur etter "i 'e a##resse# t$ $ne $% the0 $n &* +hat NOT t$ in! u#e in a 'usiness p an =$r0 $1er su'stan!e E0pt& ! ai0 Ru0$rs a'$ut the !$0petiti$n Super ati1es an# str$n) a#<e!ti1es

L$n) #$!u0ents O1eresti0ate %inan!ia pr$<e!ti$n O1er & $pti0isti! ti0e %ra0es Ai00i!2s T&p$s an# 0isspe e# "$r#s

Chapter /: Di))in) %$r D$ ars >%$r in%$r0ati$n $n &4 n$t i0p$rtant? Chapter 3: Put 8$ur P an t$ +$r2 B s$0e pre i0inar& "$r2 in! u#in): e1a uatin) a ne" 1enture4 se in) &$ur p an4 in%$r0in) supp iers an# !ust$0ers4 0ana)in) &$ur p an4 0$nit$rin) &$ur 'usiness(s per%$r0an!e4 attra!tin) )$$# pe$p e*

The !$ntents $% &$ur p an

1. Letter of intent