THE NFTE BUSINESS PLAN TEMPLATE

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Presentation transcript:

THE NFTE BUSINESS PLAN TEMPLATE NFTE IRELAND THE NFTE BUSINESS PLAN TEMPLATE

Introduction Business name Logo Business slogan / statement

Student Profile 1 Name General description of student Interests / Hobbies Personal skills/qualifications – how will this make your business successful?

Student Profile 2 Name General description of student Interests / Hobbies Personal skills/qualifications – how will this make your business successful?

My Business Idea What product / service I offer Type of Business How I got my idea

Market Research Type of market research Results from market research Target customer profile

Competition My Business’ Competitive Advantage Competitor Price Location Unique Feature e.g.. Local shop/service e.g. Nationwide shop/service e.g. Online shop/service My Business’ Competitive Advantage 1. 2.

Marketing Plan Promotion Method Promotion Place Target Consumer Cost (age, gender, location) Cost

Monthly Sales Projections How to complete graph: Double click on graph Add projected monthly unit sales Click on “chart 1” Click here

Budgeted Income and Expenditure (Optional) Sept Oct Nov Dec Jan Feb Mar Total = Total Income(A) Expenditure = Total expenditure(B) Net Cash(A-B) Opening Cash Closing Cash

G Profit from One Unit (module 8) What is your unit of sale? Selling Price of one unit of sale € Cost of producing one unit of sale Gross Profit per one unit of sale

Fixed (ISAIDUROC) Costs per month Utilities € Salaries Advertising Insurances Interest on loan Rent TOTAL

Break Even Units Fixed Costs = Break Even What do you need to sell in one month to cover your basic costs? Fixed Costs = Break Even Gross profit per unit

Profit & Loss Statement Total sales for the year a € Less cost of sales b Gross profit a-b=c Less fixed costs / expenses d Profit before tax c-d=e Less tax & PRSI (25%) f Net profit e-f=g

Comparison Sheet (optional) Budgeted Actual Difference Income = Total Income Expenditure = Total expenditure

Personal Objectives & Goals Business Goals Educational Goals Personal Goals

Corporate Social Responsibility Policy Describe how your business will give back to the community or support a cause that you believe in.

(Business Name, Logo, Slogan etc) Thank you for taking the time to consider our Business: (Business Name, Logo, Slogan etc)