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The Business Plan: Creating and Starting The Venture
The Business Plan: Creating and Starting The Venture
Learning Objectives
To define what the business plan is, who prepares it, who
reads it, and how it is evaluated.
To understand the scope and value of the business plan to
investors, lenders, employees, suppliers, and customers
To identify information needs and sources for each critical
section of the business plan.
To enhance awareness of the ability of the internet as an
information resource and marketing tool.
To present examples and a step by step explanation of the
business plan.
To present helpful questions for the entrepreneur at each
stage of the planning process.
To understand how to monitor the business plan.
Characters
Cash flow
Collateral
Equity of Contribution
Marketable
Payback period
Risk
Feasibility, etc
Another
Information Needs
Before committing time and energy to preparing a business
plan, the entrepreneur should do a quick feasibility study of
the business concept to see whether there a any possible
barriers to success.
The information, obtainable from many sources should focus
on marketing (segmenting, targeting, and positioning),
finance (list of all possible expenditures, demand forecast,
revenue), and production (location, manufacturing
operations, raw materials, equipment, labor skills, space,
overhead) .
Internet can be a valuable resource.
Outline
Executive Summary Three to four pages
summarizing the complete business plan
Outline
Environmental and Industry Analysis
Product(s)
Service(s)
Size of business
Office equipment and personnel
Background of entrepreneurs
Description of Venture
Outline
Production Plan
Operational Plan
Outline
Marketing Plan
Pricing
Distribution
Promotion
Product forecasts
Controls
Form of ownership
Identification of partners or principal shareholders
Authority of principals
Management-team background
Roles and responsibilities of members of organization
Organizational Plan
Outline
Assessment of Risk
Financial Plan
Outline
Appendix (contains backup material)
Letters
Market research data
Leases or contracts
Price lists from suppliers.
Inventory control
Production control
Quality control
Sales control
Disbursements