(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.