CHAPTER II: Developing a Business Plan
Lesson 1: Preparing a Business Plan
Business Plan 2. Executive Summary
- The executive summary is the most
- A formal statement of business goals, the important section because it is the first
reason why they are believed attainable, section that investors and bankers see
and the procedure for reaching those when they open the business plan.
goals.
- It may also contain background - It provides a summary of the entire
information about the organization or business plan
team attempting to achieve those goals.
3. Information about the business
- The business’s information includes an
Categories of Business Plan
introduction, office/plant, economic and
1. Business Plan for Profit accounting, inventory, supplies, suppliers
- Typically focused on financial goals and equipment, legalities, and future
plan.
2. Marketing Plan
- Target changes in perception and
branding as its primary goals 4. Marketing Plan
- A marketing plan is an operational
3. Project plan document that outlines an advertising
- Describe the goals of a particular product strategy that an organization will
implement to generate leads and reach
4. Business Plan for Non-Profit and its target market.
Government Agency
- It tends to focus on service goals 4.1 Market Analysis
- The market analysis section details the
5. Operational Plan target market for the company’s product
- Describes the goals of an internal offerings.
organization, working group, or - The market analysis includes information
department about the target market’s demographics,
geographical location, consumer
behavior, and market needs.
Content of a Business Plan
4.2 Market Strategy
1. Title Page - The market strategy provides sales and
- The title page captures the business’s marketing, which details how the
legal information, including the registered company plans to sell its products to the
business name, physical address, phone target market.
number, email address, date, and the
company logo. - It attempts to present the business’s
unique selling proposition and the
channels it will use to sell its goods and
services.
5. Management Plan
- The management plan outlines the
company’s legal structure, its
management team, and internal and
external human resource requirements
6. Financial Plan
- The financial plan is an important section
that will often determine whether the
business will obtain the required financing
from financial institutions, investors, or
venue capitalists.
7. Appendices and Exhibits
- The appendices and exhibits part is the
last section of a business plan.
- It includes any additional information that
banks and investors may be interested in
or that adds credibility to the business.