(6.1) what is a business plan?
Capital.
How will you locate the initial money your money business will need? What will be your costs? What kind of profit can you expect?
two questions developing a business plan
1. What type of business will you form? 2. What type of ownership will it have?
Oral Presentation
A short, colorful, and entertaining slide show with a running narrative meant to interest potential investors in reading the detailed business plan.
2. Opportunity and Market Analysis
Describe your market research and list competitors
Legal Structures
Discuss issues related to intellectual property, contracts, insurance, taxes, and regulations.
Financial Strategies.
Estimated sales and expenses
Business Idea
Explain the product or service, type of business, type of business ownership, socially responsible
Plan for Growth
How it will grow and challenges you may encounter
Business Management
How the business will be managed
Organizational Structure
Management structure
Concept
What is your product or service and how is it different from similar products or services?
Customer.
Who will be buying your product or service and why?
Quick Summary
a brief verbal synopsis lasting no more than 30 seconds to 3 minutes
Investors Business Plan
a detailed business plan
business plan
a statement of your business goals, reasons you think these goals can be met, and how you are going to achieve them
Operational Business Plan
meant for use within the business only. This plan describes in greater detail how the company will meet its goals than the investor's business plan.
