Entrepreneurship
Chapter 6 – Business Plan

Chapter 9

Sli
de
1
THE BUSINESS PLAN
• A business plan is a written document that
describes all the steps necessary in opening and
operating ...
What a Business Plan Does
• Describes what your business will produce, how you
will produce it, and who will buy your prod...
What a Business Plan Does
• States how your business will win over customers
from competitors and what your business will ...
PURPOSES OF A BUSINESS
PLAN
• Explains the idea behind your business and spells out how
your product or service will be pr...
PURPOSES OF A BUSINESS
PLAN
• Sets specific objectives and describes how your
business expects to achieve them.
• Includes...
PURPOSES OF A BUSINESS
PLAN
• Describes the background and experience of the
people who will be running the business.
• Pe...
IMPORTANCE OF A BUSINESS
PLAN
•
•
•
•

Makes you think about all aspects of your business.
May help you secure financing f...
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Chapter 6 - business plan power point presentation 1

  1. 1. Entrepreneurship Chapter 6 – Business Plan Chapter 9 Sli de 1
  2. 2. THE BUSINESS PLAN • A business plan is a written document that describes all the steps necessary in opening and operating a successful business. Chapter 5 Sli de 2
  3. 3. What a Business Plan Does • Describes what your business will produce, how you will produce it, and who will buy your product or service • Explain who will run your business and who will supply it with goods Chapter 5 Sli de 3
  4. 4. What a Business Plan Does • States how your business will win over customers from competitors and what your business will do to keep customers. • Provides detailed financial information that shows how your business will succeed earning a profit. Chapter 5 Sli de 4
  5. 5. PURPOSES OF A BUSINESS PLAN • Explains the idea behind your business and spells out how your product or service will be produced and sold. • Must prove that your idea is/has: • • • • • Chapter 5 Solid New Better Less Expensive Target Market Sli de 5
  6. 6. PURPOSES OF A BUSINESS PLAN • Sets specific objectives and describes how your business expects to achieve them. • Includes: • Sales Projections • Short Term – 1st Year • Medium Term – 2-5 years • Long Term – 5+ years • What new products will be introduced Chapter 5 Sli de 6
  7. 7. PURPOSES OF A BUSINESS PLAN • Describes the background and experience of the people who will be running the business. • Personal History • Compared to a resume of the individuals involved in this business. Chapter 5 Sli de 7
  8. 8. IMPORTANCE OF A BUSINESS PLAN • • • • Makes you think about all aspects of your business. May help you secure financing for your business. Helps you communicate your ideas to others. Can serve as a tool for managing your business. Chapter 5 Sli de 8

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