Business plans powerpoint
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The document discusses the importance of business plans for both new and existing businesses. It notes that business plans are used to set growth strategies, attract investors and loans, and are updated over time. The document also outlines the typical sections included in a business plan such as the executive summary, business strategy, marketing strategy, management structure, and financial budgets and forecasts.
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Business plan
Business plans are used by both new and existing businesses to set strategies for growth and attract investors and loans. They contain essential elements like an executive summary, business and marketing strategies, descriptions of management structure and financial forecasts. Business plans come in different types for startups, special projects, feasibility studies, and ongoing businesses pursuing growth. Developing and updating business plans helps owners evaluate opportunities and monitor business performance over time.
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A business enterprise provides goods or services to earn a profit. An enterprise has goals and objectives including defining success, setting intermediate goals and timelines, and outlining growth milestones. A business plan acts as a manual for an enterprise, detailing the business description, finance, market analysis, staffing, and production. It is required when starting a new business and seeking loans or grants. A business plan includes a summary, enterprise description, team, market and industry analysis, marketing and fundraising plans, financial plan, goals and timeline, and risk assessment.
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Business plan
Business plans are used by both new and existing businesses to set strategies for growth and attract investors and loans. They contain essential elements like an executive summary, business and marketing strategies, descriptions of management structure and financial forecasts. Business plans come in different types for startups, special projects, feasibility studies, and ongoing businesses pursuing growth. Developing and updating business plans helps owners evaluate opportunities and monitor business performance over time.
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A business enterprise provides goods or services to earn a profit. An enterprise has goals and objectives including defining success, setting intermediate goals and timelines, and outlining growth milestones. A business plan acts as a manual for an enterprise, detailing the business description, finance, market analysis, staffing, and production. It is required when starting a new business and seeking loans or grants. A business plan includes a summary, enterprise description, team, market and industry analysis, marketing and fundraising plans, financial plan, goals and timeline, and risk assessment.
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A business plan outlines key elements that are important for a business to look ahead, allocate resources, focus on important points, and prepare for potential problems and opportunities. While plans can vary in complexity and format, standard elements generally include descriptions of the company, products/services, market, management team, and financial projections. Of these, cash flow analysis and specific implementation details are often among the most important, as profits alone do not guarantee cash and strategies must be put into action through assigned responsibilities, budgets, and tracking of results.
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The document provides an overview of business plans and strategic planning. It explains that a business plan guides strategic direction, is needed for lenders and investors, and helps establish goals, market opportunities, costs, and profitability. A strategic plan communicates organizational direction to stakeholders. Key parts of a business plan include an executive summary, company and product descriptions, market analysis, competitors, marketing/sales plans, management, and financial projections. The document also compares business plans and strategic plans.
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Business plans powerpoint
- 2. Business Plans… …Need to be employed by anyone who is in business …Set a strategy for future growth and can be used to attract investors and loans
- 3. …Business Plans are also kept and developed over time by existing businesses, and even started over when new opportunities arise. They aren’t just used by start-ups…
- 4. Types of Business Plan include:
- 6. • Executive Summary • Business Strategy • Marketing Strategy • Team & Management Structure • Financial Budgets & Forecasts
- 7. Executive Summary • Introduction to business • Competitive advantages • Brief summary of the plan
- 8. • Tactics • Strategic Impact • Business’s core values Business Strategy
- 9. Marketing Strategy • SWOT Analysis • Market Research • Distribution Channels • Strategic Alliances • E-commerce & Technology • Marketing Budget • Credibility & Risk Reduction
- 10. Team & Management Structure • Skills, Experience, Training & Retention • Advisers • Management Systems
- 11. Financial Budgets & Forecasts • Profit & Loss Forecast • Cash Flow Forecast • Balance Sheet Forecast • Capital Expenditure Budget • Break-even Analysis
- 12. Find out more with Business.govt.nz: Business.govt.nz provides free access to a wide range of resources, including tools and interactive content. It acts as a gateway to government and private sector business information, news and services. Next steps: •Writing a business plan •Free business plan template •Quick start business plan tool •SWOT analysis •Getting ready to start up •How much money do you need to start a business?
Editor's Notes
- Go online to www.business.govt.nz/starting-up/writing-a-business-plan for further details on how to write a business plan. You can also find a business plan template at www.business.govt.nz/tools-and-templates/tools/templates and an interactive business plan tool at www.business.govt.nz/tools-and-templates/online-training/starting-up/quick-start-business-plan.
- These five sections are not universally used in any order. There is no set structure for a business plan.
- These five sections are not universally used in any order. There is no set structure for a business plan.
- An example of a SWOT analysis template can be found online at www.business.govt.nz/tools-and-templates/online-training/marketing/swot-analysis.
- Team and management structure often feature first in many business plans instead of an executive summary if those involved want to emphasise their track records and industry experience.
- Presentation budgets given to investors often focus on financial forecasts to emphasise the possible rate of return from investing in the company.