Structure of Business Plan
Structure of Business Plan
Structure of a Business Plan
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Executive Summary: This is the overview of the business plan, summarising the key points. It often includes the business idea, objectives, and major plans.
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Company Description: Provides background information about the business, covering aspects such as the legal structure, location, history, and the nature of the business.
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Products or Services: Details on what the business is offering to its customers. This might include benefits of the products or services, the life cycle, and any intellectual property associated with them.
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Market Analysis: Thorough examination of the business’s industry and market. It should include information about market trends, customer needs and behaviours, as well as identifying major competitors.
Crafting a Business Plan
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Marketing Strategy: Outlines all the approaches the business will take to reach its target customers. This includes information on pricing, distribution, product promotion, and sales strategy.
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Operational Plan: A description of the physical requirements to run the business, e.g., location, facilities, equipment, supply chain, and software.
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Management and Organisation Structure: Sets out the structure of the team managing the business, detailing responsibilities and roles. It might also include resumes of key team members.
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Financial Projections: An overview of the expected financial performance of the business, including sales forecasts, income statements, balance sheets, and cash flow statements.
Finishing a Business Plan
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Appendix: Stores extra supporting documents or additional details not included in the main body of the business plan. This includes CVs of key staff, legal documents, contracts etc.
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Funding Request: If the business plan is being used to secure investment, a section might be included requesting the amount of funding needed, use of funds, and repayment terms.
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Exit Strategy: For those seeking investment, including a strategy for investors to realise an return on investment may be required, such as a buyout or sale to another company.