unit 3 PREPARATION OF BUSINESS PLAN.pptx
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The document outlines the key aspects of preparing an effective business plan, including defining what a business plan is, its objectives, importance, and features. A business plan (1) identifies the business goals, products/services, target market, and organizational structure, (2) guides the entrepreneur's vision and allows progress monitoring, and (3) is used to obtain financing and recruit others. It serves as a roadmap, increases management confidence, and facilitates planning, analysis, and overcoming challenges.
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The document outlines an organizational structure and staffing plan for a proposed new business. It identifies key leadership positions such as President, Secretary, and managers overseeing areas like human resources, accounting, marketing, operations, and more. For each position, it describes the roles and responsibilities as well as the recommended qualifications and proposed compensation for qualified candidates. An organizational chart is also proposed to illustrate how the different roles would be structured within the company. Benefits and policies for employees are then outlined. In summary, the document provides a detailed framework for establishing the organizational structure and hiring qualified individuals to lead different functions for the new business.
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Characterize leadership and management
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1) Economic theories like those proposed by Cantillon and Schumpeter that see entrepreneurs as risk-takers and innovators.
2) Sociological theories that view entrepreneurship as influenced by cultural values and social support.
3) Psychological theories like McClelland's need for achievement theory that identify personality traits like motivation and drive as important for entrepreneurs.
4) Anthropological theories proposed by Barth that see entrepreneurs connecting different social spheres.
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This document discusses entrepreneurship and economic development. It defines entrepreneurship as starting, managing, and assuming the risk of a business. Entrepreneurs identify economic needs and assemble resources to address them. Their tasks include organizing production, deciding output levels based on demand expectations, and bearing risk. Innovation is introducing new methods, products, or processes. Successful businesses provide products/services, employment, taxes, demand for suppliers, and training. Entrepreneurs supply capital, organize production, and bear risk in attempting to make profits. New ventures progress through pre-startup, startup, early growth, and late growth stages. Rewards for entrepreneurs include profits but are limited by their skills.
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The strategic management process involves four main steps:
1. Situation analysis which examines the internal and external environments of the company.
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This document provides an introduction to entrepreneurship and business plans. It defines an entrepreneur as someone who organizes, operates, and assumes risk for a business venture. A business plan is described as a blueprint for starting a business, including details about the business, industry, products/services, customers, competitors, and finances. The document outlines the key components of a business plan and characteristics of an effective plan. Factors to consider before selecting a business are discussed, such as interests, abilities, resources, and profit potential. Possible teen-based business ideas are also mentioned.
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The document provides an outline and guidance for writing a business plan. It explains that a business plan is a written document that describes all relevant internal and external elements of starting a new venture, including functional plans for marketing, finance, manufacturing, sales, and human resources. The outline includes sections for an executive summary, industry and market analysis, description of the venture and products/services, operational, marketing, organizational, financial, and risk plans. It stresses that the business plan should guide operations for the first year and be updated as conditions change to keep the venture on track for success.
Business plan format
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.
Business plan.pptx
The document discusses the key components of a successful business plan. It identifies the three primary functions of a business plan as an action plan, road map, and sales tool. It provides guidance on the essential elements that should be included in a business plan, such as an executive summary, company overview, product/service description, market analysis, marketing plan, financial plan, management plan, and funding requests. It emphasizes that a well-researched and comprehensive business plan is important for evaluating the feasibility of a new business idea, communicating the concept to potential investors or partners, and providing an operating plan to help ensure success.
10. business plan
business plan - series of health economics and entrepreneurship for pharmacy students part 10 Pharm Paul Malaba
Business plan process
The document discusses the meaning and objectives of a business plan. A business plan formally outlines business goals and plans for achieving them through integration of functional plans like marketing, finance, and operations. It provides a written plan to achieve goals from marketing, financial, and operational perspectives. The objectives of a business plan are to evaluate business prospects, monitor progress, persuade others to join, visualize feasibility, seek loans, and identify strengths and weaknesses.
Business Plan
The document provides guidance on developing an effective business plan, including key components and considerations. An executive summary introduces the purpose of a business plan, which is to define business goals and strategies. The document then outlines various sections that should be included in a business plan, such as descriptions of the business concept, market analysis, management team, marketing plan, financial plan, and operations plan. Tips are provided on tailoring a business plan for different audiences and securing funding.
business plan for hmci course of mechanical branch
The document outlines the key components of an effective business plan, including an executive summary, business concept, market analysis, management team, marketing plan, financial plan, and operations/management plan. It emphasizes that a business plan defines the company's goals and strategy, attracts investors and funding, and anticipates and addresses potential problems. Business plans come in various forms depending on the business and intended use of the plan.
Business plan presentation for small medium businesses
A business plan outlines an entrepreneur's overall business concept and provides a roadmap for starting or growing a business. It explains the business, objectives, marketing strategy, management team, and financial projections. Key elements include an executive summary, company profile, descriptions of the business and marketing plan, management profiles, risk assessment, implementation timeline, and financial forecasts. The business plan helps attract investors, understand operational details, identify gaps, and guide strategic decision making. It forces entrepreneurs to systematically think through their ideas and establish a structured approach.
Business plan presented by mdshadab sayed
The document discusses the importance of developing a thorough business plan when starting a new venture. It explains that a business plan should communicate the entrepreneur's vision to attract investors, employees and customers. The business plan components include an executive summary, market analysis, business team details, product/service overview and financial projections. It also provides tips for implementing the plan, measuring progress, updating it over time, and reasons why some plans fail like unreasonable goals or lack of market need.
Finance for Start-ups
There is more to managing the financial health of your emerging start-up than raising money and selling out. The day-to-day financials matter, as they impact every other area of your business. Diagnosing your “full” costs, including those to acquire and serve customers, understanding different elements of cost. How your business model impacts your financial model and impacts value creation. It helps to institute the right procedures that will help keep things in check, and give you the visibility into key metrics so you can effectively monitor your progress.How do you read the numbers, the small data, not just the big data? How does value get created and what is valuation? Lack of knowledge may lead you to venture failure. The presentation at the IIMB/NSRCEL session for entrepreneurs and wanna be entrepreneurs is attached here touching on some of these aspects and more... Happy Reading
Strategic intent
The document discusses strategic intent and the balanced scorecard approach to strategic management. It defines strategic intent as the purpose and direction an organization aims to achieve. Key elements of strategic intent include vision, mission, goals, and objectives. These elements form a hierarchy with the vision at the top as the long-term goal, followed by the mission which articulates how the vision will be achieved, then specific goals and objectives with metrics to evaluate performance. The balanced scorecard framework translates strategic intent into objectives and measures across financial, customer, internal process, and learning/growth perspectives.
Guide to developing business plans for large projects brockville investments ltd
Guide to developing business plans for large projects brockville investments ltdOlawunmi Olatunji Msc. FMVA®
Business plans are documents that guides internal processes of a business, they are the heart of large project financing, forming partnerships and even for recruiting high level executives.
A well developed business plan will have a massive impact have on your project. Therefore, you need to present a business plan that clearly articulates your company and vision.
This white paper will guide you to avoid common mistakes that companies make when developing a business plan for large projects an learn how to package a business plan for Large project sponsors including local and international banks, investors, grant givers and other funders.
Launching a project in Africa?, contact Brockville Africa Project team for a Free Project Assessment projects@brockvilleinvestments.africa
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unit 3 PREPARATION OF BUSINESS PLAN.pptx
- 2. Meaning of a Business Plan: A business plan is a written document which an entrepreneur intends ton take up, identifies business goals and services as the resume of the business. Definition Of A Business Plan: Business planning is the process whereby a company makes the following decisions: • What products or services it will deliver? • Where it will compete? • Why the customer should do the business with the company? • How it will organize and reengineer itself to accomplish its goals?
- 3. Objective of Business Plan • To give direction to the vision of entrepreneur. • To monitor the progress after the implementation of plan. • To seek loans from financial institutions. • To persuade to others to join the business. • To identify opportunities and threats in the external environment. • To identify strength and weakness present in the internal environment.
- 4. Importance of Business Plan • Road Map • Confidence in Management • Helps in proper planning • Action plan • Helps in establishing realistic goals • Business plan acts as a blue print • Anticipates and predicts challenges • Better plan heals to analyze alternatives • Overcoming the conflicts.
- 5. Features Of A Good Business Plan – A business plan should be realistic. – A business plan should accurate. – It should highlight key areas.
- 6. Steps In Preparation Of Business Plan