Business & Finance Corporations

Entrepreneurialism 101 Starting A Business Plan Outline

In designing your business plan you will have to define your company, who is managing it, why it exists and how you are going to compete and attract customers.
Defining your own business advantages and accentuating them to the marketplace will be key.
Operations should be well defined with all start-up costs, whether short-term or long-term.
Also define your ROI per $ and you cash flow statement to determine your profitability and necessary innovation or improvement changes you will need in the future.
Below we have designed a backbone FREE business proposal example! One that you can use to begin building a basic outline to connect with partners, clients, consumers, possible investors thereby outlining your business model and creating the brand you will become.
Creating and organizing your business plan can help with leading to potential investors and build partnerships and alliances for your business.
[Company Name] Company Contact Information Director's Business Plan Mission Statement A clear statement of your company's long-term mission.
Try to use words that will help direct the growth of your company, but be as concise as possible.
The Team List CEO and key management by name Include previous accomplishments to show these are people with a record of success Summarize number of years of experience in this field Market Summary Market: past, present, & future: Review those changes in market share, leadership, players, market shifts, costs, pricing, or competition that provide the opportunity for your company's success.
Opportunities Problems and opportunities: State consumer problems, and define nature of product/service opportunities created by those problems.
Business Concept Summarize key technology, concept or strategy on which your business is based Competition Summarize competition Outline your company's competitive advantage Goals & Objectives Five-year goals State specific measurable objectives State market share objectives State revenue/profitability objectives Financial Plan High-level financial plan that defines financial model, pricing assumptions, and reviews yearly expected sales and profits for the next three years.
Use several slides to cover this material appropriately.
Resource Requirements Technology requirements Personnel requirements Resource requirements Financial, distribution, promotion, etc.
External requirements Products/services/technology required to be purchased outside company Risks & Rewards Risks Summarize risks of proposed project Addressing risk Summarize how risks will be addressed Rewards Estimate expected pay-off, particularly if seeking funding Key Issues Near term Isolate key decisions and issues that need immediate or near-term resolution Long term Isolate issues needing long-term resolution State consequences of decision postponement If you are seeking funding, state specifics For more information on creating Business Plans some suggested reads are: http://www.
planware.
org
http://www.
inc.
com
April 2004 Article
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