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Creating a Winning E-Business Second Edition Creating an E-Business Plan Chapter 3.

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Presentation on theme: "Creating a Winning E-Business Second Edition Creating an E-Business Plan Chapter 3."— Presentation transcript:

1 Creating a Winning E-Business Second Edition Creating an E-Business Plan Chapter 3

2 Business Plan Organization Business plan –Formal business planning document Identifies the business and its mission Names the key management team members Describes the products or services to be offered Provides a marketplace analysis Identifies customers and competitors Determines resources for profitable operations Sets a timetable for profitability

3 Business Plan Organization (continued) Government and for-profit sources for business planning information and templates –SCORE –SBA –BizPlanIt – –E-Future Centre (Canadian)

4 Business Plan Organization (continued) Business plan components –Cover sheet and title page –Table of contents –Executive summary –Business description –Vision/mission statement

5 Business Plan Organization (continued) Business plan components (continued) –Information on products/services –Industry, customer, competitor analyses –Operational, financial, and managerial plans –Identification of critical risks –Exit strategy What is an exit strategy?

6 Business Plan Organization (continued) Cover sheet –Title of document and preparers name –Plan copy number –Confidential notation Title page –Cover sheet information and Contact numbers Key team members names Name of person receiving the plan

7 Business Plan Organization

8 Business Plan Organizati on (continued)

9 Table of contents –Lists all the major sections and subsections of the plan –Prepared after rest of plan is complete –Carefully checked for omissions and page number errors


11 Business Plan Organization (continued) Executive summary (A condensed version of the complete plan) –Used by interested parties to quickly assess the business idea and weed out plans –Keep it short (one to three pages) –Use clear and concise language and action words –Create last after plan details are developed


13 Business Plan Organization (continued) Vision statement –A formal statement of a businesss hopes and desires –Written to guide and inspire employees Mission statement –A formal statement that explains a businesss reason for existing

14 Business Plan Organization (continued) Business description –Summary of businesss background –Information about legal form of business –Businesss history to date –Key personnel –Future goals


16 Business Plan Organization (continued) Products or services section –Description of products or services offered –Anticipated sales for each product or service –Describes benefits of product or service to customers


18 Business Plan Organization (continued) Marketplace analysis –Information about specific industry of which business is a part –Description of targeted customers –Description of major competitors –Overview of marketing and sales strategies


20 Business Plan Organization (continued) Operational plan –Describes a businesss physical location and equipment –Notes the manufacturing or service actions needed to get products/services to market –Summarizes Web site operations


22 Business Plan Organization (continued) Financial plan –Explains how your e-business idea, goals, and strategies translate into profits –Provides standard financial statements for income, expense, and cash flow data Pro forma balance sheet Projected income statement Planned cash flow statement –May include deal plan, break-even analysis, ratio analysis


24 Business Plan Organization (continued) Management plan –Organizational structure of business –Information on Key members of management team Outside advisors Mentors Consultants



27 Business Plan Organization (continued) Appendices –Resumes –Pictures of products –Explanation of services –Legal documents –Other supporting documentation

28 Legal Forms of Organization Sole proprietorship –Business started by an individual –Owner and business are one in the same for tax and legal liability issues

29 Legal Forms of Organization (continued) Partnership –Legal business entity with two or more co-owners –Follows a partnership agreement –General partnership: Tax and legal liabilities flow through to individual partners –Limited partnership General partner manages and assumes unlimited liability Limited partners have liability for amount of their capital contribution and their accepted debt

30 Legal Forms of Organization (continued) Corporation –Separate legal and taxable entity from its owners –C corporation owners are it shareholders –Liability is limited to investment in business –Profits are taxed twice: once for the corporation and again when distributed to owners as stock dividends

31 Legal Forms of Organization (continued) Corporation (continued) –S corporation gives owners partnership status and corporate liability protection Limited liability company (LLC) –Tax status of sole proprietorship or partnership –Liability status of a corporation

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