BUSINESS PLAN
• A written document that outlines the future activity for an
existing or proposed business venture.
• Is the formal written expression of the entrepreneurial vision, describing the
strategy and operations of the proposed venture.
• 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.
• A Blue Print
PURPOSE OF A BUSINESS PLAN
• Alignment of team(s)
• Operating plan
• Communication across company, division, department, business partners
• Investment capital
• Expansion capital (banks, leases)
• Merger/acquisition process
BUSINESS PLAN GUIDE
WHAT INVESTORS LOOK FOR
• How does the team think?
• How detail oriented is the team?
• How big is this market?
• Is there sustainable competitive advantage?
• What’s the growth plan?
https://www.youtube.com/watch?v=Fqch5OrUPvA
COMPETITIVE ANALYSIS
OF A BUSINESS
• You always have competitors
• Dig deep, be detailed, be honest
• Compare features and benefits
• Technology comparison
• Whole product offering (pricing, support, etc.)
• Channels, funding, customers
FORMAT OF A BUSINESS PLAN
• TITLE PAGE
 Name of the business
 Owner /Owners
 Contact Details (Addresses, Phone & email etc)
 EXECUTIVE SUMARY
 Business ideas & Goals
 Marketing
 Operations
 Finances
: Over view of business
: Products & services being sold?
: Business Location & staff
: Breakeven period, finance required.
• BACKGROUND
 Mission Statement
 Company history ( existing business)
 Business Goals (Short term/Long term)
 MARKETING
 Market Research
 Market Analysis (Industry / Seasonality /Competitors
/SWOT )
 Marketing Plan (Target market/ distribution channel
/pricing)
 Evaluation of Marketing
• OPERATIONS & PRODUCTION
 Legal & Licensing requirements
 Management details
 Organization structure & staffing
Insurance & Security needs
 FINANCIAL PROJECTIONS
Income & Expenses
Financial forecasts
 IMPLEMENTATION TIME TABLE
 Time needed to set up & run the business

THE DEVELOPMENT OF A BUSINESS PLAN

  • 2.
    BUSINESS PLAN • Awritten document that outlines the future activity for an existing or proposed business venture. • Is the formal written expression of the entrepreneurial vision, describing the strategy and operations of the proposed venture. • 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. • A Blue Print
  • 4.
    PURPOSE OF ABUSINESS PLAN • Alignment of team(s) • Operating plan • Communication across company, division, department, business partners • Investment capital • Expansion capital (banks, leases) • Merger/acquisition process
  • 5.
  • 6.
    WHAT INVESTORS LOOKFOR • How does the team think? • How detail oriented is the team? • How big is this market? • Is there sustainable competitive advantage? • What’s the growth plan?
  • 7.
  • 8.
    COMPETITIVE ANALYSIS OF ABUSINESS • You always have competitors • Dig deep, be detailed, be honest • Compare features and benefits • Technology comparison • Whole product offering (pricing, support, etc.) • Channels, funding, customers
  • 9.
    FORMAT OF ABUSINESS PLAN
  • 10.
    • TITLE PAGE Name of the business  Owner /Owners  Contact Details (Addresses, Phone & email etc)  EXECUTIVE SUMARY  Business ideas & Goals  Marketing  Operations  Finances : Over view of business : Products & services being sold? : Business Location & staff : Breakeven period, finance required.
  • 11.
    • BACKGROUND  MissionStatement  Company history ( existing business)  Business Goals (Short term/Long term)  MARKETING  Market Research  Market Analysis (Industry / Seasonality /Competitors /SWOT )  Marketing Plan (Target market/ distribution channel /pricing)  Evaluation of Marketing
  • 12.
    • OPERATIONS &PRODUCTION  Legal & Licensing requirements  Management details  Organization structure & staffing Insurance & Security needs  FINANCIAL PROJECTIONS Income & Expenses Financial forecasts  IMPLEMENTATION TIME TABLE  Time needed to set up & run the business