A business plan is a formal written document that describes the strategies and opportunities of a proposed venture. It contains current status and projected results of the new business. The business plan gives direction to the entrepreneur's vision, helps evaluate future prospects, seeks loans, and helps attract stakeholders. It also helps monitor progress, identify strengths/weaknesses, and assess feasibility. The business plan should include sections on executive summary, company details, management team, capital requirements, financial projections, market analysis, and aspects like financials, marketing, and distribution channels.
The Business Plan, The Business Planning Process, Strategic Planning, Analysing The Environment, Analysing The Firm, Industry And Competitor Analysis, Product And Portfolio Analysis, SWOT Analysis, Generating Strategic Options, Market Analysis And Strategy , Market Forecasting, The Operational Plan, Model The Business, Accounting Principles, Completing The Financial Statements, Reviewing The Financial Statements, Evaluating Strategic Options, Funding Issues, Risk Analysis, Presenting The Business Plan And Obtaining Approval, Implementing The Business Plan, Sayeed Alam, 9910479355
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
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BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
The Business Plan, The Business Planning Process, Strategic Planning, Analysing The Environment, Analysing The Firm, Industry And Competitor Analysis, Product And Portfolio Analysis, SWOT Analysis, Generating Strategic Options, Market Analysis And Strategy , Market Forecasting, The Operational Plan, Model The Business, Accounting Principles, Completing The Financial Statements, Reviewing The Financial Statements, Evaluating Strategic Options, Funding Issues, Risk Analysis, Presenting The Business Plan And Obtaining Approval, Implementing The Business Plan, Sayeed Alam, 9910479355
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
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BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
A business plan is a document that brings together the key elements of a business that include details about the products and services, the cost, sales and expected profits.
You need a business plan to document your business and your go forward plan. This is especially important if you are looking for financing. This outlines what is required for a business plan.
A business plan is a document that brings together the key elements of a business that include details about the products and services, the cost, sales and expected profits.
You need a business plan to document your business and your go forward plan. This is especially important if you are looking for financing. This outlines what is required for a business plan.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. DEFINITION
• Mar J. Dollinger has defined the business
plan as “the formal written expression of the
entrepreneurial vision, describing the strategy
and operations of the proposed venture.”
• A business plan is a formal written document
that describes the strategies and opportunities of
a proposed venture. It contains current status
and projected results of the new business.
3. Importance of Business Plan
• Financial Blueprint
• Reduce errors
• Attract stake-holders
• Guide to decision making and judgment
4. Objectives of a Business Plan
• To give direction to the vision of Entrepreneur
• To objectively evaluate the future prospects of the
business To monitor the progress after
implementation of the plan
• To seek loans from Financial Institutions To
facilitate the decision making process To persuade
others to join the business
• To identify strengths and weaknesses present in the
internal environment To identify opportunities and
threats in the external environment
• To assess the feasibility of the business
5. Contents OF Business plan
• Executive Summary
• Details of Executive Summary
• Mission
• The Company
• The Business Competition
• Management Team
• Capital Requirements
• Financial Projections
• The market
7. Financial Aspects:
• Purpose of financing:whether the funds are
required for modernisation, working capital,
expansion or diversification or for research and
development.
• Amount of Investment :The capital
structure, projected growth, investment in fixed
assets and intangible assets, advertising and
marketing expenditure and working capital
expenses, R&D expenses should be added.
8. Financial Aspects
• Capacity: Here capacity means cash flow and the
firm’s ability to meet its regular financial obligations
and to repay loans.
• Plans for repayment: An important element of
the loan or investment proposal is the repayment
schedule or exit strategy. The entrepreneur should
also include the exit strategies if the company fails
in successful operations.
9. Financial Aspects
• Financial projections: The company should
include all the financial statements like cash flow
statements, fund flow statements, profit and loss
account, balance sheets, break-even analysis and
statement of assumptions of the previous years
10. Marketing Aspects of Business Plan:
• Market segment: The BP should contain
information relating to how the market is
segmented or differentiated.
• Pricing: The pricing policy should be clearly
defined. The company should state whether the
products are priced based on market price, cost
price, gross profit objectives, or perceived
• value.
11. Marketing Aspects of Business Plan:
• Promotional strategies: It is the modern way to
market the products. In this stiff competition there
is a need for using promotional strategies like cash
backs, reward points, free after sale services,
guarantees and warrantees, discounts and coupons
etc
• Research and Development: The company
should concentrate on R&D constantly to modify
and update the products regularly so that it suits the
targeted customers in long run.
12. Marketing Aspects of Business Plan:
• Distribution Channels: It is the most
important part. Distribution channel play a
significant role in reducing the cost as well as
reaching the target customers quickly. Ex
Wholesaler, retailer, factory outlets, exclusive
online sale, door to door selling, agency selling,
chain link selling etc., must be described clearly.