Business and technology Pt.4

this part of the plan gives you a chance to explain why you want to start the company. In this portion you will describe how the company will be unique and the products and/or services you wish to provide

business description

An analysis of your competition and the strategies you will use to earn and maintain a competitive edge, make up this portion of the business plan. You will need to summarize the sustainable environment and dicuss the strengths and weaknesses of each of your competitors and how you will capitalize them

competitive analysis

this part of the plan summarizes all of the things you hope will make an investor want to contribute to your company . It should be interesting and engaging to make sure the investor reads the rest

executive summary

You will describe the customer behaviors associated with your target market as well as the motivation they will have for buying your product or service

market stragies

Provide an analysis of the four P's: Product, place, price, promotion for place, describe your overall distribution strategy. Product should include the whole product experience, including those things you can see and touch and those you can't. Describe your promontional message and the media you will use to get it across. Finally, discuss your pricing strategy.

marketing plan

describe the criteria you will use for choosing a location, the machinery and equipment you will need, how you will develop your product, and the logistics of both receiving and sending goods. This section should also include an organizational chart accompanied by job descriptions. Human resource policies, legal structure and insurance coverage should round out this section

operations and management plan

This portion of the plan provides a place to display any documents you might need that will back up the information presented in the other parts of the plan. This might include things like copies of permits and licenses, detailed resumes of key executives, letters of recommendation, etc.

supporting document

Describe the risks associated with operating this business and the steps you will take to minimize them

Contingency plan

What are good enterprenurship traits?

Drive, ambition, passion , good communication skills, people skills, team builder, planning, techmicial skills

This part of you business plan should summarize the funds required to start and maintain the operations. List the sources and uses of the funds required. Summarize your cash flow projections for the first three years. Project sales revenue, expenses, and profitability of the operation for the first three years. Also, you should summarize the assests, liabilities, and owner equity of the business for the first three years of operation. be sure to list product development, manufacturing, and operational costs.

Financial plan