Aug 05, · As your business changes, your plan will need to change to ensure your business is still heading in the right direction. Having your plan up-to-date can keep you focused on where you are heading. It's a good idea to keep a record of each version of your business plan Apr 01, · Present your business plan, pricing strategy, growth projections, and SWOT analysis, with this modern PPT deck. Business Plan - Modern PowerPoint (PPT) Design Deck. This modern business plan template for PowerPoint is versatile. Use it for many types of businesses that are reaching out to potential investors You're looking at the title of this document and thinking, "What does that mean --'Designing a Workable Plan'?" And the answer is, "whatever it takes to help you write yourmagnum opus with a positive attitude and on schedule."This can include time management, financial planning, effective interaction with an advisor and committee, and management of dissertation activities
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A business plan is a formal written document containing the goals of a businessthe methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets.
In its entirety, this document serves as a road-map a plan that provides direction to the business. Written business plans are often required to obtain a bank loan or other kind of financing. Templates [3] and guides, such as the ones offered in the United States by the Small Business Administration [4] can be used to facilitate producing a business plan.
Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, help designing a business plan, particularly financial stakeholders.
These plans typically have detailed information about the organization or the team making effort to reach its goals. With for-profit help designing a business plan, external stakeholders include investors and customers, [5] for non-profits, external stakeholders refer to donors and clients, [6] for government agencies, external stakeholders are the tax-payers, higher-level government agencies, and international lending bodies such as the International Monetary Fundthe World Bankvarious economic agencies of the United Nationsand development banks.
Internally-focused business plans target intermediate goals required to reach the external goals. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or the restructuring of help designing a business plan organization. An internally-focused business plan is often developed in conjunction with a balanced scorecard or OGSM or a list of critical success factors.
This allows the success of the plan to be measured using non-financial measures. Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans, help designing a business plan. Operational plans describe the goals of an internal organization, working group or department. They may also address the project's place within the organization's larger strategic goals.
Business plans are decision-making tools. The content and format of the business plan are determined by the goals and audience. For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan. Venture capitalists are primarily concerned about initial investment, feasibility, and exit valuation.
A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation. Preparing a business plan draws on a wide range of knowledge from many different business disciplines: financehuman resource management, help designing a business plan, intellectual property management, supply chain managementoperations management, and marketingamong others.
a good business plan can help to make a good business credible, understandable, and attractive to someone who is unfamiliar with the business. Writing a good business plan can't guarantee success, but it can go a long way toward reducing the odds of failure.
The format of a business plan depends on its presentation context. It is common for businesses, especially start-ups, to have three or four formats for the same business plan. An " elevator pitch " is a short summary of the plan's executive summary. This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners. It is called an elevator pitch as it is supposed to be content that can be explained to someone else quickly in an elevator, help designing a business plan.
The elevator pitch should be between 30 and 60 seconds. A pitch deck is a slide show and oral presentation that is meant to trigger discussion and interest potential investors in reading the written presentation, help designing a business plan. The content of the presentation is usually limited to the executive summary and a few key graphs showing financial trends and key decision-making benchmarks. If a new product is being proposed and time permits, a demonstration of the product may be included.
A written presentation for external stakeholders is a detailed, well written, and pleasingly formatted plan targeted at external stakeholders. An internal operational plan is a detailed plan describing planning details that are needed by management but may not be of interest to external stakeholders. Such plans have a somewhat higher degree of candor and informality than the version targeted at external stakeholders and others.
Typical structure for a business plan help designing a business plan a start-up venture [14]. Typical questions addressed by a business plan for a start-up venture [15].
Cost and revenue estimates are central to any business plan for deciding the viability of the planned venture. But costs are often underestimated and revenues overestimated resulting in later cost overruns, revenue shortfalls, and possibly non-viability. During the dot-com bubble this was a problem for many technology start-ups. Reference class forecasting has been developed to reduce the risks of cost overruns and revenue shortfalls and thus generate more accurate business plans.
An externally targeted business plan should list all legal concerns and financial liabilities that might negatively affect investors. Depending on the number of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences. Non-disclosure agreements NDAs with third parties, non-compete agreementsconflicts of interest, privacy concerns, and the protection of one's trade secrets may severely limit the audience to which one might show the business plan, help designing a business plan.
Alternatively, they may require each party to receive the business plan to sign a contract accepting special clauses and conditions. This situation is complicated by the fact that many venture capitalists will refuse to sign an NDA before looking at a business plan, lest it put them in the untenable position of looking at two independently developed look-alike business plans, both claiming originality, help designing a business plan.
In such situations, one may need to develop two versions of the business plan: a stripped-down plan that can be used to develop a relationship help designing a business plan a detailed plan that is only shown when investors have sufficient interest and trust to sign a Non-disclosure agreement.
Traditionally business plans have been highly confidential and quite limited in the audience. The business plan itself is generally regarded as a secret. An open business plan is a business plan with an unlimited audience. The business plan is typically web published and made available to all. In the free help designing a business plan and open source business model, trade secrets, copyright and patents can no longer be used as effective locking mechanisms to provide sustainable advantages to a particular business and therefore a secret business plan is less relevant in those models.
The business goals may be defined both for non-profit or for-profit organizations. For-profit business plans typically focus on financial goals, such as profit or creation of wealth. Non-profit, as well as government agency business plans tend to focus on the "organizational mission" which is the basis for their governmental status or their non-profit, tax-exempt status, respectively—although non-profits may also focus on optimizing revenue.
The primary difference between profit and non-profit organizations is that "for-profit" organizations look to maximize wealth versus non-profit organizations, which look to provide a greater good to society.
In non-profit organizations, creative tensions may develop in the effort to balance mission with "margin" or revenue. The business plan is the subject of many satires. Satires are used both to express cynicism about business plans and as an educational tool to improve the quality of business plans. For example. From Wikipedia, the free encyclopedia. This article has multiple issues, help designing a business plan.
Please help to improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of original research should be removed. August Learn how and when to remove this template message. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
Unsourced material may be challenged and removed. Find sources: "Business plan" — news · newspapers · books · scholar · JSTOR August Learn how and when to remove this template message, help designing a business plan. This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: the content seems opinionized, help designing a business plan. Please help improve this article if you can.
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Please help improve this section by adding citations to reliable sources. Business case Business model Business Motivation Model Corporate finance Cost overrun Cost-benefit analysis Marketing plan Optimism bias Parkinson's Law of Triviality Reference class forecasting Revenue shortfall Strategic plan Entrepreneurship.
Retrieved Business Plan - Definition: A written document describing the nature help designing a business plan the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement[.
Bida: School of Business and Management, Federal Polytechnic. Retrieved 21 December A business plan can also be referred to as a blue-print or scheme of help designing a business plan business enterprise.
Small Business Administration "Business Plan" n. People and institutions you want money from. Siegel, Brian R. Ford, Jay M. United States: Harvard Business School. ISBN Cayenne Consultng LLC. Five Criteria For a Successful Business Plan in Biotech. Archived from the original on January 6, The Motley Fool.
Business Plan Writing 101: Wharton Entrepreneurship Series
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A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the blogger.com also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets Dec 09, · The main advantages of writing a detailed business plan is the offsetting the costs. Business plan enables the top management and executives in the firm to ponder about the business comprehensively, to converse the business objectives to personnel, to include a decision making base and to smooth the progress of the planning (George and Bock, ) Aug 05, · As your business changes, your plan will need to change to ensure your business is still heading in the right direction. Having your plan up-to-date can keep you focused on where you are heading. It's a good idea to keep a record of each version of your business plan
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