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Preparing a business plan
The Business Plan is a written summary of what you hope to accomplish by
being in business and how you intend to organize your resources to meet your
goals. It is the road map for operating your business and measuring progress
along the way.
The Business Plan identifies the amount of financing or outside investment
required and when it is needed.
First impressions are important. A well-organized plan is essential for a lender or
investor to assess your financing proposal and to assess you as a business manager.
By committing your plans to paper, your overall ability to manage the business will
improve. You will be able to concentrate your efforts on the deviations from
plan before conditions become critical. You will also have time to look ahead
and avoid problems before they arise.
It encourages realism.
It helps you to identify your customers, your market area, your pricing strategy and
the competitive conditions under which you must operate to succeed. This process
often leads to the discovery of a competitive advantage or new opportunity as
well as deficiencies in your plan.
Three or four hours spent each month updating your plan will save you time and
money in the long run and may even save your business. Resolve now to make planning
a part of your management style.
4.1 Description of the Industry
8.Production Plan (Manufacturing)
9.Production Plan (Retail or Service)
