Business plan

Certificates and Accreditation

that are relevant to the business you're planning will also help you build your credibility as owner and manager of the business you are planning.

products and services

the company can outline the products and services it will offer, and may also include pricing, product lifespan, and benefits to the consumer.

Historical Financial Statement

- Describes a business's historical financial state (if applicable). It contains significant information about a company's financial health to show whether the business has been earning or losing money.

Management

- It describes the management team, staff, resources, and how the business ownership is structured.

Human Resources

- It is a way to demonstrate that you have thought about the stuffing your business may require as it grows.

Evaluation of Supplier

- It is the new basic entrepreneurial concept of quality management that controls starting from the suppliers of new material. - This is a common practice that a business starts to implement its control system upon the receipt of the material. - The business must conduct a critical evaluation of the raw materials to avoid defect or damages in the supplies and establish harmonious working relationship with them to reduce the threats they posed.

Legal Documents

- Legal Documents are written proofs of the limitations and extent of a person's rights and privileges in a clear and specific manner.

Functions of the Support Services

- Operation plan defines and describe the function of other support services relative to the acquisition, processing, and shipments of goods to the consumer. - This also include the important role of other support service such as the maintenance and security. - Most business of three or four function areas which are the: × Finance × Marketing × Operation and Human Resources.

Shipment System and Control

- The basis of sales invoice and other shipment documents are the purchase order receive from the customer. - Sales contract and shipping document must be properly approved before the product is shipped to the customers. This should cover the following: × Approval of shipping and sale document × Terms of Shipment × Manner of Shipping the Product × Other Terms and Conditions like the Sale Contract - Proper operation plan on the shipment of goods must be defines for it would be too costly for on the business to lose huge amount of money because on the shipment.

Storage and Inventory Control System

- The operation plan also describes how the business stores the finished goods and protects it against possible theft and losses. - Good that have been completed in the processing are transferred to the warehouse or store room and this cover these following areas: × Owning or Renting a Warehouse × Management of the Warehouse × Procedures on the Transfer of Goods × Control of Inventory in Warehouse - But the whole process was eliminated by Just-In-Time Manufacturing System or the JIT Production System because only actual orders are produced at the exact required time. - It also eliminates wastage of expired product and requires less capital since essential stock are ordered.

External Management Resources

- This can make a difference between a success or failure of manager. This external management resources are the people who can give credibility to the business. This contains advisory board that increase consumer and investor confidence and attract talented employees.

ownership structure

- This is the internal organization of a business entity and the rights and duties of the individual holding equitable or legal interest in the business

Materials Requisition and Receiving Procedures

- This procedure must be explained in the operation plan. The person assigned to conduct inspection upon the receipt of the materials must include these areas: × Basis of receiving raw material × Comparison of the order and Receipt × Quality of Materials Received - The basis of the receiving report is the purchase order of the business and it must be signed by and authorized personal. - After inspection, the person who receive is usually the person who will prepare the receiving report.

Internal Management Teams

- This section describes the business management categories relevant to the business.

Market Analysis

A firm needs a good handle of the industry as well as its target market. It will outline who the competition is and how it factors in the industry, along with its strengths and weaknesses.

Budget.

Any good company needs to have a budget in place. This includes costs related to staffing, development, manufacturing, marketing, and any other expenses related to the business.

Customer Segments

Be specific when you name your target market. Your business won't be for everybody, so it's important to have a clear sense of who your business will serve.

Customer Relationships

Describe how customers will interact with your business. Is it automated or personal? In person or online? Think through the customer experience from start to finish.

Revenue Streams

Explain how your company will actually make money. Some examples are direct sales, memberships fees, and selling advertising space. If your company has multiple revenue streams, list them all.

Financial Planning

In order to attract the party reading the business plan, the company should include its financial planning and future projections.

Key Resources

List any resource you'll leverage to create value for your customer. Your most important assets could include staff, capital, or intellectual property. Don't forget to leverage business resources that might be available to women, veterans, Native Americans, and HUBZone businesses.

Channel

List the most important ways you'll talk to your customers. Most businesses use a mix of channels and optimize them over time.

Key Activities

List the ways your business will gain a competitive advantage. Highlight things like selling direct to consumers, or using technology to tap into the sharing economy.

Value Proposition

Make a clear and compelling statement about the unique value your company brings to the market.

Key Partnerships

Note the other businesses or services you'll work with to run your business. Think about suppliers, manufacturers, subcontractors and similar strategic partners.

Marketing Strategy

This area describes how the company will attract and keep its customer base and how it intends to reach the consumer.

Executive Summary

This section outlines the company and includes the mission statement along with any information about the company's leadership, employees, operations, and location.

Cost Structure

Will your company focus on reducing cost or maximizing value? Define your strategy, then list the most significant costs you'll face pursuing it.

References and Reference Letters

in your narrative and financials. Of course, when you plan, you need to conduct a research about it and provide sources for strengthening it. It is important to note all the information that you have acquired in case they need to fact-check the sources you used and it will also be convenient to you if you need to update your business plan since this will help you know where to look for the sources you've mentioned in your narrative.

Resumé

is a concise inventory of your personal experiences, your educational background, and any personal information that adds credibility to you as manager or owner of the proposed business.

Operation Plan

is a major section of the business plan that outline various activities starting from the acquisition of raw materials to the delivery of the product to target consumer.

a Business Plan

is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints

Business Plan Appendix

is the section where all the appendices are found. These referred appendices are the documents containing supplemental information that supports the main sections of the business plan.

Lean Start-Up Business Plans

on the other hand, use a standard structure even though they aren't as common in the business world. These business plans are short—as short as one page—and have very little detail. If a company uses this kind of plan, they should expect to provide more detail if an investor or lender requests it. This type of plan is high-level focus, fast to write, and contains key elements only. Some lenders and investors may ask for more information.

Traditional Business Plan

the most common. They are standard, with much more detail in each section. These tend to be much longer and require a lot more work. This type of plan is very detailed, takes more time to write, and is comprehensive. Lenders and investors commonly request this plan.

Validation of Sales

to the Customer Testimonials and Return on Investments Mechanisms that enables the spectators or readers to assess the strength, the nature of the client base and the sustainability of the venture.

Elements of a Business Plan:

· Executive summary · Products and services · Market analysis · Marketing strategy · Financial planning · Budget