Business plan
A business plan is a summary of how a business owner, manager, or entrepreneur intends to organize a commercial endeavor and implement activities necessary and sufficient for the venture to succeed. It is a written explanation of the companies business model.Business plans are used internally for management and planning and are also used to convince outsiders such as banks or venture capitalists to invest money into a venture.
A business plan can be seen as a collection of sub-plans including a marketing plan, financial plan, production plan, and human resource plan. The business plan has many forms. There is however a format that is typical:
- Executive summary
- explains the basic business model
- gives rationale for the strategy
- Background
- gives short history of company (unless it is a new company)
- provides background details such as:
- age of company
- number of employees
- annual sales figures
- location of facilities
- form of ownership including
- sole proprietor
- Partnership
- entrepreneurial startup
- private corporate startup
- publicly traded corporation.
- public utility
- Non Profit Organization
- background of key personnel including
- owners
- senior managers
- head scientists and researchers
- Marketing
- Production and manufacturing
- describe all processes
- production facility requirements - size, layout, capacity, location
- inventory requirements - raw materials inventory, finnished goods inventory, wharehouse space requirements
- equipment requirements
- supply chain requirements
- fixed cost allocation
- Finance
- source of funds
- expected return
- break even analysis
- monthly pro-forma cash flow statement
- existing loans and liabilities
- Human resources
- assign responsibilities
- training required
- skills required
- union issues
- compensation
- skills availability
- new hiring
Specialized sections such as product research and development, legal strategies, marketing research, or inter-company collaberations, are added to deal with unique features or characterics of the business or its markets.
see also: marketing plan, strategic management
| List of Marketing Topics | List of Management Topics |
| List of Economics Topics | List of Accounting Topics |
| List of Finance Topics | List of Economists |
demonstrated to have taken place in any one group of animals, or
are the results of a necessary process of progressive.html">progressive development,
rocks.
Contrariwise, any admissible hypothesis.html">hypothesis of progressive modification must
periods. And should such an hypothesis eventually be proved to be
observation and experiment upon the existing forms of life, the
Mesozoic, and Cainozoic faunae and florae, taken together, bear
have occupied this globe, as the existing fauna and flora do to them.
Such are the results of paleontology as they appear, and have for some
simply as one of the applications of the great biological sciences, and
branches of physical inquiry. If the arguments which have been brought
opinion, will be inclined to think the time wasted which has been spent
and Persistent Types of Life by Thomas H. Huxley
.
On
wordlookup.net
All is still licensed under the GNU FDL.
It uses material from the wikipedia.
|
|