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29 Cards in this Set
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A written document that outlines a future activities for an existing or proposed business venture . |
Business planning |
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Is the formal written expression of the entrepreneurial division , describing the strategy and operations of the proposed venture |
Business planning |
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It is a document that brings together the key elements of a business that include details about the products and services , the cost , sales and expected profits |
Business plan |
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Answers where are you now where are you going , and how will you get there |
Blueprint |
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The key element of business planning |
1. Management 2. Marketing 3. Finance 4. Products |
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Purposes of business plan |
1. Alignment of teams 2. Operating plan 3. Communication across company , division , department , business partners 4. Investment capital 5. Expansion capital 6. Merger / Acquisition process |
AOC IEM |
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Understanding and collaboration when implementing the site plan ; uniformity of action |
Alignment of teams |
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Get to know with schedule ; procedures and processes |
Operating plan |
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One of the purpose of writing business plan is to create a pool of capital for business operation |
Investment capital |
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Growth and expansion ; sources of funds |
Expansion capital |
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Consolidation of companies with objectives of wealth maximization |
Merger / Acquisition process |
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Why write a business plan? |
1. Helps determine whether a proposed or existing business venture is viable given its target market 2. Guides the entrepreneur in mobilizing the resources needed by the business 3. Serves as a tool in helping get financing for the business |
HGS |
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Who reads business plan? |
1. Entrepreneurs 2. Lender 3. Investor |
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The business plan will serve as a roadmap for them for managing the business , identifies the resources needed to operate and grow in the business , allows them to anticipate potential business risks |
Entrepreneurs |
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The business plan will allow them to assess whether the entrepreneur will be able to meet debt and payments , provides information about collateral or tangible assets that can be secured for the loan |
Lender |
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The business plan will allow them to gauge whether projected returns are acceptable , provides information about the character of the entrepreneur and about the capability of the venture's management |
Investor |
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Major Sections of Business Plan |
1. Introductory Page 2. Executive Summary 3. Environmental and Industry Analysis 4. Description of the Business 5. Production Plan 6. Operations Plan 7. Marketing Plan 8. Organization Plan 9. Financial Plan 10. Assessment 11. Timetable/Milestones 12. Appendices |
IEED / POMO / FATA |
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π business name and address π name and addresses of business owners or entrepreneurs π nature of the business π statement of financing needed π statement of confidentiality of the report |
Introductory page |
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π highlights of the business plan summarized in two or three pages |
Executive summary |
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π conditions of general environment π conditions of the specific environment |
Environmental and industry analysis |
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π products and or services π size of the business π mission statement and core values π location of the business and its major physical assets π background of the business owners or intrapreneurs |
Description of the business |
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π manufacturing process π physical plant π machinery and equipment π suppliers of raw materials π future capital equipment needs |
Production plan |
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π description of the company's operation π flow of orders for goods and services |
Operations plan |
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π pricing π distribution π promotion π sales forecasts |
Marketing plan |
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π form of ownership π principal shareholders or partners π organizational chart or line of authority π background of the management team π roles and responsibilities |
Organization plan |
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π assumptions π pro forma balance sheet π pro forma income statement π cash flow projection π sources and uses of funds π break-even analysis |
Financial plan |
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π potential risks - internal or external π strategies for preventing or minimizing risks π response to risk should they occur |
Assessment |
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π formal registration of the business π completion of product or service design π completion of prototypes π hiring of initial personnel π reaching agreements with suppliers and distributors π actual production π initial orders , sales and deliveries |
Timetable / milestones |
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π market research data π detailed financial projection π curriculum vitae of management team π price lists from suppliers π profile of competitors |
Appendices |
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