Business Planning. What is a good Business plan? A business plan with the following is a good business plan: Who you are Why your in business who your.

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Presentation transcript:

Business Planning

What is a good Business plan? A business plan with the following is a good business plan: Who you are Why your in business who your customers are Why your business is important Where you operate How will you generate profits

Why is planning important? Planning will help shape your destination and provide the best road to get you there. Planning gives you a blue print to follow if not used then you are most likely to fail.

What are the four core questions? What service or product does your business provide and what needs does it fill? Who are the potential customers for your product or service and why will they purchase it from you? How will you reach your potential customers? Where will you get the financial resources to start or run your business?

What does a snap shot include? Table of contents Executive summary Business description & vision Financial management Marketing and sales strategy Appendices

List components of BP & explain thoroughly what they are each are for. Mission statement- A brief statement about who your company is and what it stands for Company vision- An outline for what the company wants to be in the future Business goals and objective- Goals and objectives should be set to be obtainable and specific, if not you might not reach it. Brief history company- The brief history should be just that when the company started and major events till present day. List of key company principals – Identify your companies owners and major employers, and identifying your products and potential customers

End

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