Business modelINFRASTRUCTURE OFFER CUSTOMER PARTNER CUSTOMER NETWORK RELATIONSHIPS CORE VALUE CUSTOMERCAPABILITIES PROPOSITION SEGMENTS ACTIVITY DISTRIBUTION CONFIGURATION CHANNELS COST FINANCE REVENUE STRUCTURE STREAMS a business model describes the value an organization offers to various customers and portrays the capabilities and partners required for creating, marketing, and delivering this value and relationship capital with the goal of generating profitable and sustainable revenue streams
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.• A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement
Reasons for Writing a Plan • To serve as the guide you will follow throughout the life of your business • All lenders and investors require a business plan • A business plan is the key to conducting business in the international marketplace
Why a good business plan is essential• Your business plan is a plan for the future. Its about both where your company currently is and where you want it to go. It will be used to convince others such as banks and potential investors about the strengths of your company and its ability to grow and thrive. Your business plan reflects how much you know about what you do. As well as your industry, and your competition and their products or services offered.