BUSINESSBUSINESS

PLAN(BP)PLAN(BP)

Importance of business planImportance of business plan

Creates the oppurtunity for success.Creates the oppurtunity for success. Sets the business mission.Sets the business mission. Determines the companys main competitors.Determines the companys main competitors. Determines the right way of maniging a Determines the right way of maniging a

business.business. Increases the stakeholder confidence.Increases the stakeholder confidence. Determines barriers to the venture.Determines barriers to the venture.

WHO NEEDS??WHO NEEDS?? EntrepreneurEntrepreneur

- Determine in advance whether there is a market for proposed - Determine in advance whether there is a market for proposed products or services.products or services.

InvestorsInvestors

- Investor will need to fully comprehend the proposed venture - Investor will need to fully comprehend the proposed venture

before making any investment decision.before making any investment decision.

- BP will assist potential investors in analysing and evaluating

the vialibility of a project.

SuppliersSuppliers

- - BP is an essential tool in convincing the suppliers of this BP is an essential tool in convincing the suppliers of this capability.capability.

- Bp will also help convince suppliers of the vialibility of the - Bp will also help convince suppliers of the vialibility of the venture and that credit given today can be transformed into a venture and that credit given today can be transformed into a long-term business arrengement benefiting both parties.long-term business arrengement benefiting both parties.

Executive summary Business description Market strategies Competitive analysis Design and development plan Operations and management plan Financial factors

KEY COMPONENT BPKEY COMPONENT BP

Executive Summary

- Overall introduction to the proposed business venture.Items need to covered :

1. Name company

2. Nature of business

3. Industry profile

4. Location of the business

5. factors in selecting the proposed buisiness.

6. Future propects of the business.

Business Description Details of the company background and background Details of the company background and background

of the business owner. The basic information to of the business owner. The basic information to required for required for Business Description :

i. Company Background

1. Name of company.

2. Business Address

3. Correspondence Address

4. Telephone Number

5. Form Of Business

6. Main Activity Of Business

7. Date Of Registration

8. Name Of Bank

9. Bank Account number

ii. Owner or Partnersii. Owner or Partners

BackgroundBackground

1. Name of the owner/partner.

2. Identify card number.

3. Permanent address.

4. Coresspondence address

5. Telephone number

6. Date Of Birth

7. Age

8. Maritial Status.

9. Academic Qualifications

10. Courses attended

11. Skills

12. Experience

Market strategies

1.1. Marketing Plan.Marketing Plan.- Product or services description.- Product or services description.- Target Market.- Target Market.- Market sized- Market sized- Competition.- Competition.- Market Share.- Market Share.- Marketing Strategy- Marketing Strategy-Marketing Budget -Marketing Budget

Competitive analysis

The entrepreneur should list at least three The entrepreneur should list at least three competitors in the same target market, together competitors in the same target market, together with their strenghts and weakness.with their strenghts and weakness.

SWOT analysis.SWOT analysis.

Design And Development Plan

Manpower planning :Manpower planning :

List the employee in the marketing depatment List the employee in the marketing depatment in terms of their positions and the numbers of in terms of their positions and the numbers of employess in each position.employess in each position.

Schedule of task and responbilities.Schedule of task and responbilities.

Financial factors

Project Implementation cost scheduleProject Implementation cost schedule Schedule of Financial Sources:Schedule of Financial Sources:

Internal Sources.Internal Sources. Own capital/owners equity contributions,cash/assets.Own capital/owners equity contributions,cash/assets.

External Sources.External Sources. Loans/ hire purchse/Others sourcesLoans/ hire purchse/Others sources