Elements of a business plan ppt

Divide your document into distinct sections, so that investors can quickly flip between key pieces of information. Create a Competitive Strength Grid To put together a competitive strength grid, list all the key assets and skills down the left margin of a piece of paper.

12 components of a business plan

When developing the revenue model for the business plan, the equation used to project sales is fairly simple. How Will I Profit? The most effective distribution channel is to sell directly to the end-user.

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You may want to emphasize any unique features or variations from concepts that can typically be found in the industry. Positioning Your Business When discussing market strategy, it's inevitable that positioning will be brought up.

For example, your business will be better because you will supply a full line of products; competitor A doesn't have a full line.

Support may come in the form of advertising, promotions and customer service.

components of business plan

For a business plan, you must be able to estimate market share for the time period the plan will cover. In the end, both you and your clients will reap the rewards.

Retail distributors. If you're using your business plan as a document for financial purposes, explain why the added equity or debt money is going to make your business more profitable.

You must deliberately manage your revenue streams, and that might require shuffling things around a little to focus on what is working for you.

Components of business plan in entrepreneurship ppt

Divide your document into distinct sections, so that investors can quickly flip between key pieces of information. You'll give a money-back guarantee. Positioning Your Business When discussing market strategy, it's inevitable that positioning will be brought up. Show why your business is going to be profitable. Compile an appendix for official documents Finally, assemble a well-organized appendix for anything and everything 1 investors will need to conduct due diligence and 2 you or your employees will need easy access to moving forward: Deeds, local permits, and legal documents Business registries and professional licenses Patents and intellectual properties State and federal identification numbers or codes Key customer contracts and purchase orders As you include documents in the appendix, create a miniature table of contents and footnotes throughout the rest of the plan linking to or calling attention to them. And why do I think I can make a profit that way? Along the top, write down two column headers: "weakness" and "strength. For a business plan, you must be able to estimate market share for the time period the plan will cover. A market analysis also enables the entrepreneur to establish pricing, distribution and promotional strategies that will allow the company to become profitable within a competitive environment. Pricing How you price your product is important because it will have a direct effect on the success of your business. For instance, if the distribution of your product is confined to a specific geographic area, then you want to further define the target market to reflect the number of users or sales of that product within that geographic segment.

If the statement of purpose is eight pages, nobody's going to read it because it'll be very clear that the business, no matter what its merits, won't be a good investment because the principals are indecisive and don't really know what they want.

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10 Key Elements of a Business Plan