Developing a Business Plan
VI Elements of a business plan
The Executive Summary
This is the first element of your plan but is written last. It tells who you are, explains your vision and your strategy, what you are doing or proposing to do, the market, the capital you need and what you’ll do with it and your competitive advantage. In short it is the business plan in miniature.
B Business description
In a business description firstly The name of the venture should be identified and The industry background should be presented in terms of current status and future trends . Also the new venture should be thoroughly described along with its proposed potential and The potential advantages the new venture possesses over the competition should be discussed in detail
C in the Sustainability statement You should write Your definition of sustainability
And its Usually a one-page and it’s a stand-alone document
D Marketing segment i Research, design and development of the market this section is necessary if research and development is involved in the venture; describes the extent of research, design, and development, and the status of project milestones such as prototypes, lab tests, scheduling delays, and design work that still must be completed ii Market niche and market share iii Competitive analysis iv Marketing strategy v Pricing policy vi Advertising plan
E Operations segment i In this segment you should Describe the location of the new venture ii Discuss facility’s needs, such as plant, warehouse and offices, and equipment needs, such as special tooling, machinery, computers and vehicles iii Other factors are the suppliers and transportation costs involved in shipping materials; and labour supply, wage rates and needed skills iv The cost data associated with various factors should be presented
F Sustainable development measures of performance
In this u should include Firm’s economic contributions to sustainability.
Its impacts on the economic
The Executive Summary
This is the first element of your plan but is written last. It tells who you are, explains your vision and your strategy, what you are doing or proposing to do, the market, the capital you need and what you’ll do with it and your competitive advantage. In short it is the business plan in miniature.
B Business description
In a business description firstly The name of the venture should be identified and The industry background should be presented in terms of current status and future trends . Also the new venture should be thoroughly described along with its proposed potential and The potential advantages the new venture possesses over the competition should be discussed in detail
C in the Sustainability statement You should write Your definition of sustainability
And its Usually a one-page and it’s a stand-alone document
D Marketing segment i Research, design and development of the market this section is necessary if research and development is involved in the venture; describes the extent of research, design, and development, and the status of project milestones such as prototypes, lab tests, scheduling delays, and design work that still must be completed ii Market niche and market share iii Competitive analysis iv Marketing strategy v Pricing policy vi Advertising plan
E Operations segment i In this segment you should Describe the location of the new venture ii Discuss facility’s needs, such as plant, warehouse and offices, and equipment needs, such as special tooling, machinery, computers and vehicles iii Other factors are the suppliers and transportation costs involved in shipping materials; and labour supply, wage rates and needed skills iv The cost data associated with various factors should be presented
F Sustainable development measures of performance
In this u should include Firm’s economic contributions to sustainability.
Its impacts on the economic