Business Plan For Developing A Business - 2092 Words

Developing a business plan is an important way to find out a lot about your company along with taking an inside look at how you will plan for the future. Of course developing a business is a lot of work, but if you have a legitimate blueprint for success you will find the journey to not only be rewarding but also worthwhile. Creating a business plan can be achieved by following a few, but important steps. Inside each of the criteria you will need to develop questions and answers that will pertain specifically to area of business. It may sound overwhelming, but we’ll make sure to clarify what you’re expected to do. Executive Summary Executive summaries are exactly as they sound; it’s an outline of what the reader is about to read in your†¦show more content†¦Industry Analysis When investors or anyone interested in your company wants to get an idea of what exactly what you plan to carry out in business, they generally look into what your industry is like. Having an industry analysis section allows someone to view what your industry looks like without having any prior knowledge. In your industry analysis it is once again important to keep clear and concise records of what is going on in this area of the business plan. It is crucial to address a few topics within the industry analysis as well. What you ideally set out to do when writing an industry analysis is to state similar products and similar production processes of your company that are present in other companies. By clarifying all of these topics, the investor or person interested in your company can better understand exactly where you and your company stand in the industry. What an industry analysis does is paint a clear picture of what you are doing in order to be the best. Now this can be discretionary as opinions are often different, but either way it eliminates some risk for the investors as they reach their conclusion in whether or not to invest into your company or not. Market Analysis Determining where the company should conduct business is a factor that cannot be taken lightly. Once covering theShow MoreRelatedTypes Of Business Plans : Developing A Business Plan778 Words   |  4 PagesTypes of Business plans Developing a business plan is crucial to the long term success of a business. A business plan can provide direction and guidance to the organization as it grows over the years. Business plans can be written to focus on the specific requirement of the project at hand or as an outline for the business for the next few years (Moskwa, 2014). Effective business plan allows the entrepreneur or the business to think about what is necessary to run the business, such as equipmentRead MoreEssay on Developing a Business Plan708 Words   |  3 PagesOur plan is to have various t-shirt designs promoting â€Å"going green†. We also plan to have these designs printed on other things as well such as recycled bags. Our main colors that we are most definitely going to use are green on white, so that the green is very bold and simple, but we will offer other colors as well. We will use the best quality t-shirts and bags so that they will last for a long time and will be worth your money. The benefit for selling these shirts is that the customers will beRead MoreDeveloping And Implement A Business Plan2269 Words   |  10 PagesDevelop and implement a business plan Introduction Dong’s China Bar would like to establish its business operation in Little Bourke Street to expand its business images. The business will focus on producing the fine dining northern Chinese cuisine and food and its owner Mr. Dong has been a qualified and experienced chef in this area for more than 7 years. Assessment task 1 Research: 1. Identify the purpose of your business plan o It helps to establish the business goals, missions andRead MoreDeveloping Strategic Business Plan For An Organization1468 Words   |  6 Pages Developing strategic business plans can be very difficult for most organizations serving all sectors and industries. As this is paramount to the organizations implementing and understanding the entire focus is critical to the business. It is imperative for top executives and management to understand the businesses entire focus and drive the crucial projects through the system and obtain those benefits. As many companies do a good job at executing various portions of project development, thereRead MoreDeveloping Process Of A Business Plan And Entrepreneurial Finance953 Words   |  4 Pages15.6 million; and 47% annual turnover at  £1.8 trillion (FSB.org, 2015). Thus, it is of vital importance to understand how to formulate and operate an SME. This reflective essay, therefore, mainly focuses on two topics of SMEs: the developing process of a business plan and entrepreneurial finance, which is a key aspect for SMEs to operate successfully. Personal experiences and group behavior are blended into theoretical approaches to critically evaluate various financial aspects. Christopher Johns’Read MoreInternatnional Business Plan For Developing a Mobile Phone Product2280 Words   |  10 Pagescountries. They have come a long way since they were first invented and are still being manufactured and upgraded to meet our needs. They come in different shapes, designs, colors, qualities, models and brands. I believe that it is a very promising business compared to other products. Executive Summary 1. Branding Phoenix-C is the brand name of my electronic product- the mobile. The company that will be producing my product holds the same name, Phoenix-C. 2. Competitive Advantage Phoenix-CRead MoreGoals and Objectives in Business Essay638 Words   |  3 Pagesin Business One of the most important components of your business plan will be the section titled, Goals and Objectives. Simply put, this section will be used to assist in your business planning and direction. This section can be revisited at any point in time throughout your business to ensure the business has met the outlined goals and objectives and is on track. If your plans seem to have strayed from the original plan, you can then determine why the plans ofRead MoreBusiness Plan1067 Words   |  5 PagesCOLLEGE OF BUSINESS UNIVERSITI UTARA MALAYSIA SEMESTER ONE SESSION 2011/ 2012 BPME 2043 BUSINESS PLAN Group A INDIVIDUAL ASSIGNMENT CHAPTER ONE: WHY PLAN? PREPARE FOR: Dr. Azizi Bin Hj Halipah PREPARE BY: ANG SHYAN HONG 197396 28 SEPTEMBER 2011 PART 1 1. What is a business plan? What are the advantages to preparing a business plan for a new venture? Business plan is a written document that carefully explains every aspect of a new business venture. For internal, theRead MoreServe As The Contracting Officer s Representative915 Words   |  4 PagesHiring and Employment Check (CHEC) program, the Commerce Business Systems (CBS) program, as well as the Service Oriented Architecture (SOA) contract. Responsible for performing all duties required to put a contract in place, this includes performing Market Research, developing Statements of Work, working independently or with Acquisition to develop Acquisition Plans and Source Selection Plans, participating in the source selection process, developing Independent Government Cost Estimates, leading TechnicalRead MoreThe Role Of Ethics And Social Responsibility On Developing A Strategic Plan746 Words   |  3 Pagesoccupation, trade, or profession† (Wheelen Hunger, 2010, p. G4). Ethics in business involve different standards based on the location and customs. What is ethically acc eptable in one environment may not be acceptable in another. Analyzing ethics is essential when developing strategic plans. Some even may argue that there is no such thing as business ethics (Wheelen Hunger, 2010). The whole concept of ethics and business is a bit perplexing. To begin to grasp the concept of ethics it is beneficial