Professional Documents
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Business Plan 064829
Business Plan 064829
Business Plan 064829
BUSINESS
PLAN
What is a Business Plan?
• it is a document that helps the small
business owner (SBO) determine what
resources are needed to achieve, the
objectives of the firm, and provide a
standard against which to evaluate
results.
What is a Business Plan?
• it is a sort of a business blueprint and it keeps
the entrepreneur on the right track. It gives a
sense of purpose to the business. It also
provides guidance, influence, and leadership,
as well as communicating ideas about goals
and the means of achieving them to partners,
associates, employees and others.
Purposes of a Business Plan
A business plan is written for two main
purposes. They are the following:
• to serve as management's guide during the
lifetime of the business;and
• to fulfill the requirement for securing
lenders and investors.
The Plan as a Guide
• the business plan serves as a
useful tool for comparing what
was planned against what was
achieved.
A Tool for Securing Funds
• the business plan will serve as a
means of providing some
assurance that the investor will
place his funds in a worthwhile
investments.
Revising the Plan
• with a business plan, the SBO must
strive to be well informed about what
is happening to his business and to
the industry where his business
belongs.
Parts of the Business Plan
• title page and contents;
• executive summary;
• description of the business;
• description of the product/service;
• market strategies;
• analysis of the competition;
• operations and management;
• financial data;
• supporting documents.
TITLE PAGE AND CONTENTS