Business Plan
"A business plan is a formal statement of a set
of business goals, the reasons why they are believed attainable, and the plan
for reaching those goals. It may also contain background information about the
organization or team attempting to reach those goals.
The business goals being attempted may be for-profit or
non-profit. For-profit business plans typically focus on financial goals.
Non-profit and government agency business plans tend to focus on service goals.
Business plans may also target changes in perception and
branding by the customer, client, tax-payer, or larger community. A business
plan that has changes in perception and branding as its primary goals is called
a marketing
plan."
Courtesy: Wikipedia.com
Why you should Develop a Business Plan
by: Charisse Van Horn
Define your Vision
Inspiration and creativity may be the main forces that drive
your business, however without a well laid plan, even the best dreams can fail
to succeed. Creating a business plan is a tangible way that you can see
your vision and goals and map out a strategy that will allow you to attain your
dreams. Your business plan should begin with your mission statement.
This may be as simple as one sentence, or it may be an in-depth declaration of
the nature and purpose of your business. Your business plan needs to begin
with your vision, because it is very common for many new business owners to
become so overwhelmed with the day to day functions, responsibilities, and
nature of the business that they ultimately lose sight of their main goals and
objectives.
Define your Product or Service
After you define your vision and create your mission
statement, you will need to take an assessment of your product or
services. This includes studying
- The company's origins.
- The product or service and its uniqueness or competitive advantage.
- The company's goals.
- The market potential for the product or service.
- A three- to five-year summary of key financial forecasts, especially sales
and profit/loss. For new businesses, do some market research and make
realistic assumptions about how your business can compete.
- The management team and its track record.
- The financing required to grow the business.
- The exit strategy.
Free
Business Plan Templates
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Gallery
You can save these templates as Word
documents (.doc), Excel spreadsheets (.xls) or PDFs (.pdf). Business
Plan for a Start-up Business ... |
Creating
Your Business Plan: Samples and Templates
Online guide to creating and writing a business
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Business Plan Templates - Sample Business Plans - Example ...
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