Business plan (Project report)
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Business plan (Project report)

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This is useful for students and teachers for learning the topic " Business plan" in Unit-1 Business studies A-level . Published by Red palm Online

This is useful for students and teachers for learning the topic " Business plan" in Unit-1 Business studies A-level . Published by Red palm Online

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Business plan (Project report) Business plan (Project report) Presentation Transcript

  • Preparing Business PlanBusiness studies 6BS01 Unit : 1.3.7
  • Business Plan“Business Plan” is a “written document”that conveys the goals, promise and plan ofa business to potential financiers andstakeholders .Also called as Project report
  • ObjectivesTo give direction and control of firm’s growthfrom start-up To obtain finance or investment funds To obtain initial contracts To attract key employees To assist expansion, mergers and acquisitionsHelps to measure and control performance
  • Types of Business Plans1. Summary Plan: 10 pagesUsed for small firms: get Bank Loan, gaugeinvestor interest2. The Full Plan: 25-40 pagesUsed for: Seeking a substantial amount offinancing, looking for a Strategic Partner
  • Business Plan format1.Title2.Table of Contents3.Executive Summary4.Contents of the Plan 1. Company mission 2. Product plan 3. Market scope 4. Marketing Plan 5. Production/Operations Plan 6. Personnel plan 7. Financial Plan 8. Premises5. Appendix
  • Main components Product Mission / Market scope ObjectivesPersonnel Sources / Business Plan Premises Finance Production / Operations
  • A typical Business Plan History and current situation of company. Goals and objectives for the business.Mission and objectives Company name , address Detailed description of product or service. Outline stage of development and patents Product plan Profile of target customers. Indicate current market size, trends, and seasonal patterns. Market scope Assess the nature of competition. Expected sales and market share Continued
  • A typical Business Plan (Cont’d) - Marketing strategy .(4 Ps) based on research - Describe marketing plan : Brand name , Marketing Plan -advertising and promotion plans, Media - pricing -channels of distribution - Budgets Source of raw materials Source and premises Location of office Technology used– (manual, automatic, online). Equipment, land and space required , skillProduction or Operations required Continued
  • A typical Business Plan (Cont’d) -Shareholders and Board of Directors Personnel plan - Identify key Managers and their roles -Estimate the staff needed -Source of recruitment . • Amount of financing required • how the funds will be used • potential return to the investorFinancial Plan Prepare realistic financial projections: • Cash flow forecasts • profit and loss statements • Projected balance sheet • Projected Breakeven analysis