1 / 8

Developing a Business Plan

Developing a Business Plan. What is a Business Plan?. A business plan is a document that outlines your plan for initiating and operating a business. Why Create a Business Plan?. It provides a path to follow

prue
Télécharger la présentation

Developing a Business Plan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Developing a Business Plan

  2. What is a Business Plan? • A business plan is a document that outlines your plan for initiating and operating a business

  3. Why Create a Business Plan? • It provides a path to follow • It makes it easy to let your banker, attorney, and accountant evaluate your goals and objectives • It can serve as a communications tool for informing salespeople, suppliers, and others about your operations and goals • It can help you develop as a manager Source: “Going into Business” pamphlet, Chamber of Commerce, Southhaven, MS

  4. A Business Plan Structure • Cover Sheet • business name, address, and phone number • principals • date • Executive Summary • Table of Contents • I. The Business Concept, The Opportunity (analysis of industry), The Company, Potential Market Share • II. The Marketing Plan • overall marketing strategy • four Ps

  5. A Business Plan Structure (Continued) • III. The Operations Plan • location and facilities • regulatory considerations • labor availability • processes • equipment • annual expenses • financial summary • IV. The Management Team • organization • key management personnel • ownership structure

  6. A Business Plan Structure (Continued) • V. Implementation Time Schedule • VI. Potential Risks • VII. Conclusion • References • Financial Appendices • income statements and notes of explanation • balance sheets and notes of explanation • cash flow statements and notes of explanation • breakeven analysis • financial ratio analysis

  7. Tips for Making Your Plan Work • Appearance • Your plan must look good • Structure • Your plan needs a sound structure • Impression • Your plan must convey the impression that you know what you are talking about • Content • Your plan must have the “nuts and bolts” to support your idea

  8. Organizing Your Business • Sole Proprietorship • The individual is the sole owner of all assets, bears all profits and losses, and is personally liable for all debts and obligations of the business. Outside assets such as a home, car and personal bank account are subject to claims of business creditors. • Partnership • Similar to a proprietorship, but consisting of two or more owners. • Corporation • A separate legal entity with limited liability. Formed when a transfer of either money or property, or both, takes place by prospective shareholders in exchange for capital stock in the corporation. Source: “Going into Business” pamphlet, Chamber of Commerce, Southhaven, MS

More Related