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Business plans. Business Plans…. …Need to be employed by anyone who is in business …Set a strategy for future growth and can be used to attract investors and loans. They aren’t just used by start-ups….
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Business Plans… …Need to be employed by anyone who is in business …Set a strategy for future growth and can be used to attract investors and loans
They aren’t just used by start-ups… …Business Plans are also kept and developed over time by existing businesses, and even started over when new opportunities arise.
Types of Business Plan include: • Summary • Special Project • Feasibility • Mini • Start-up • Presentation • Internal • Growth
Executive Summary • Business Strategy • Marketing Strategy • Team & Management Structure • Financial Budgets & Forecasts
Executive Summary Introduction to business Competitive advantages Brief summary of the plan
Business Strategy Tactics Strategic Impact Business’s core values
Marketing Strategy SWOT Analysis Market Research Distribution Channels Strategic Alliances E-commerce & Technology Marketing Budget Credibility & Risk Reduction
Team & Management Structure Skills, Experience, Training & Retention Advisers Management Systems
Financial Budgets & Forecasts Profit & Loss Forecast Cash Flow Forecast Balance Sheet Forecast Capital Expenditure Budget Break-even Analysis