TAILIEUCHUNG - Business Plan guidelines
A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities. Unfortunately, many people think of business plans only for starting a new business or applying for business loans. But they are also vital for running a business, whether or not the business needs new loans or new investments. Businesses need plans to optimize growth and development according to priorities. | Source: What is a Business Plan? A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities. Unfortunately, many people think of business plans only for starting a new business or applying for business loans. But they are also vital for running a business, whether or not the business needs new loans or new investments. Businesses need plans to optimize growth and development according to priorities. What's a Start-up Plan? A simple start-up plan includes a summary, mission statement, keys to success, market analysis, and break- even analysis. This kind of plan is good for deciding whether or not to proceed with a plan, to tell if there is a business worth pursuing, but it is not enough to run a business with. Sample business plan components: Executive Summary: Write this last. It’s just a page or two of highlights. Company Description: Legal establishment, history, start-up plans, etc. Product or Service: Describe what you’re selling. Focus on customer benefits. Market Analysis: You need to know your market, customer needs, where they are, how to reach them, etc. Strategy and Implementation: Be specific. Include management responsibilities with dates and budgets. Make sure you can track results. Web Plan Summary: For e-commerce, include discussion of website, development costs, operations, sales and marketing strategies. Management Team: Describe the organization and the key management team members. Financial Analysis: Make sure to include at the very least your projected Profit and Loss and Cash Flow tables. Six-step business start-up strategy: 1) Define Your Business & Vision Defining your vision is important. It will become the driving force of your business. Here are questions that will help you clarify your vision: Who is the customer? What business are you in? What do you sell (product/service)? What is your plan for growth? What is your primary .
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