Business Plan: From Understanding to Implementation !

1.  Login  Leadr Q&A Ask a Question Business Plan: From Understanding to Implementation 0 votes asked 2 days ago in HST251 by corpseedservices (120 points) All we are talking about is startups and events dedicated to them; most of them are business plan competitions - for example the regional Start Cups, Startup Initiatives , etc - in which you participate with the intention of attracting the attention of investors and receiving the much coveted investment . But do you know what a Business Plan (BP) is and how do you prepare it? If you attended the (free) OFF courses, the problem does not arise, but if you have not had the opportunity to come across Officinal Formative, then perhaps you are still looking for answers, which I will try to give you in this article. First of all we understand what a BP is: The Business Plan is a document that illustrates in a quantitative and qualitative way the future strategies of the company and the actions to be taken to pursue these strategies. In summary, in the Business Model (BM) we explain how our company creates, supplies and purchases value, indicating the following elements: customers, value, channels, relationship, revenues, resources, activities and costs.  Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

2. While in the Business Plan we describe what, how long and how much money we will need to put our BM into practice. BP is a document that usually covers a prospective period of 3-5 years. For this reason it must be updated periodically, to include the news in terms of economic and financial results achieved by the company and the consequent possible changes in corporate strategies. What topics should my BP deal with? 1. The Executive Summary 2. The society 3. Products 4. The analysis of the sector 5. Market analysis 6. The marketing strategy 7. The management structure 8. The implementation plan 9. The necessary capital 10. Financial information Now let's try to understand what information each point must contain. The Executive Summary represents the summary of the future business project. It is a fundamental section of the Business Plan, the reading of which by a potential investor / reader of the Business Plan will determine whether or not to continue to deepen the entire document. 1. A description of the company (including products and / or services sold) 2. the mission 3. management 4. the target market 5. potential customers 6. marketing Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

3. 7. The sales 8. competitors 9. operational steps 10. financial plans 11. estimates Related Post: The New Ideas for business setup: Here are the 6 Trends that will Drive the Business of the Future Business Plan the Company: in this section it is necessary to make a more detailed description of the company, its short and long-term objectives, its strengths and weaknesses and its success factors. Products: this section is dedicated to the description and in-depth illustration of current products / services and plans for the future. It is advisable to specify whether the products / services are ready for placing on the market or, if not, to indicate the time to market (time necessary to launch the product on the market). The distinctive characteristics of the product or other possible sources of competitive advantage must be described in detail. The analysis of the sector: the purpose of this section is to explain why the products / services will give the company a sustainable competitive advantage in the market. Market analysis: this section will deal with the issue of competition and the positioning of the company with respect to the other players; will highlight the real opportunities for the company to achieve the set goals. The marketing strategy: once the detailed description of the market has been completed, we will move on to an in-depth analysis of the methods of distribution of the products / services and the strategies necessary for this purpose. Related Post: Open a Service Company: How to do it? Tips for a great start The management structure: the presence of solid management is absolutely fundamental in the eyes of the potential investor. It is advisable to highlight those experiences of management which, on the whole, can reduce the risk typically associated with business activities, especially if we are talking about start-ups or companies in rapid development. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. The implementation plan: the actions and activities, divided by company function, necessary to achieve the company's objectives will be listed here. It is necessary to include the timing of each planned activity, indicating the start and end times of the activity. The necessary capital: For a potential investor, this section will be fundamental to understand the financial outlay required. The following questions will facilitate preparation: 1. What is the total amount of funds needed for the development plan and what is the amount requested by the company from the financial investor? 2. What is the timing of use of the capital required in the coming years? 3. What part of these loans is required from investors and credit institutions that will receive the Business Plan (including the amount, terms and any guarantee agreements)? Financial information: It is advisable to present five-year projections: monthly for the first year (budget) and the second year and, if possible, half-yearly for the following three. It is also essential to include historical financial data in the Business Plan. Related Post: How to Start a Business in the USA? answer Your answer Font Font Size Size Format Format Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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