The Dollar Store’s business plan has many components which include the executive summary which details the company’s objectives, mission, as well as the company’s keys to success, the company summary, the company’s products, the market analysis summary, the strategy and implementation summary, the management summary, the financial plan, and an appendix for Dollar Store. The executive summary is the section you want to “hook the readers, especially in this section, by having a compelling opportunity where you can identify a need or opportunity in a large and growing market, conceptualize a business that will fill that need or take advantage of that opportunity, and demonstrate that you have the know how and the team to effectively build a
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The next section is the company summary. This is where you “describe generally the concept of the business, what business your company is in or intends to enter, what products or services it will offer, and who are or will be its principal customers” (Spinelli, S., Adams, R. J., & Timmons, J. A., 2012, p. 257). The company summary houses very important information to the investor as well as the customer. This is where they really get to know the business and what it is that they have to offer the public. The next section of Dollar Store’s business plan is the company products. This section is especially important because, without it, one would not know what it is that the business offers. This section should be described in great detail and be specific to each product/service that is offered. This is where the company can state what the unique characteristics are of their products or services that sets them apart from the market competition. This is where development updates can take place as well, especially if it is a proposed product or service and not an already existing one. Opportunities for expansion of products or services can also be described in …show more content…
The next section within Dollar Store’s business plan would be the management summary. “This section of the business plan includes a description of the functions that will need to be filled, a description of the key management personnel and their primary duties, an outline of the organizational structure for the venture, a description of the board of directors, a description of the ownership position of any other investors, and so forth” (Spinelli, S., Adams, R. J., & Timmons, J. A., 2012, p. 262). This section is important because it focuses on the necessary expertise that the business needs in order to be successful and putting the proper people in place to carry out the plan. The next section of Dollar Store’s business plan is the financial plan. This section lays out the investment opportunity and all of the costs associated with it as well as how the business will formulate a profit. It contains such items as income statements, balance sheets, cash flow analysis, cost control, and more. Other pertinent information is contained in the appendix of the business plan. This section is important because it goes into much more detail the information that may not have been included in the other sections including photos, suppliers, and
The next section is the company summary. This is where you “describe generally the concept of the business, what business your company is in or intends to enter, what products or services it will offer, and who are or will be its principal customers” (Spinelli, S., Adams, R. J., & Timmons, J. A., 2012, p. 257). The company summary houses very important information to the investor as well as the customer. This is where they really get to know the business and what it is that they have to offer the public. The next section of Dollar Store’s business plan is the company products. This section is especially important because, without it, one would not know what it is that the business offers. This section should be described in great detail and be specific to each product/service that is offered. This is where the company can state what the unique characteristics are of their products or services that sets them apart from the market competition. This is where development updates can take place as well, especially if it is a proposed product or service and not an already existing one. Opportunities for expansion of products or services can also be described in …show more content…
The next section within Dollar Store’s business plan would be the management summary. “This section of the business plan includes a description of the functions that will need to be filled, a description of the key management personnel and their primary duties, an outline of the organizational structure for the venture, a description of the board of directors, a description of the ownership position of any other investors, and so forth” (Spinelli, S., Adams, R. J., & Timmons, J. A., 2012, p. 262). This section is important because it focuses on the necessary expertise that the business needs in order to be successful and putting the proper people in place to carry out the plan. The next section of Dollar Store’s business plan is the financial plan. This section lays out the investment opportunity and all of the costs associated with it as well as how the business will formulate a profit. It contains such items as income statements, balance sheets, cash flow analysis, cost control, and more. Other pertinent information is contained in the appendix of the business plan. This section is important because it goes into much more detail the information that may not have been included in the other sections including photos, suppliers, and