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Business Plan Basics. What is a business plan?. The business plan is a tool to help you find and explore opportunities. Why develop a plan?. The process of making choices is the most important reason for anyone to learn how to write a business plan. . Basic components of the biz plan.

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Presentation Transcript
what is a business plan
What is a business plan?
  • The business plan is a tool to help you find and explore opportunities.
why develop a plan
Why develop a plan?
  • The process of making choices is the most important reason for anyone to learn how to write a business plan.
basic components of the biz plan
Basic components of the biz plan
  • Executive summary
  • Company overview
  • Marketing research
  • Products or Services
  • Marketing and sales
  • Financial projections
video
Video
  • http://www.youtube.com/watch?v=rSCC8WCuaRs
questions to ask yourself
Questions to ask yourself
  • How can you describe the business...in only one paragraph please?
  • What is your product, or service?
  • Who will buy it?
  • Where should you locate the business?
  • How can you attract customers?
  • What is your competition?
more questions
More questions
  • What advice do you need and who can provide it?
  • How will you organize the managers and/or workers of the business?
  • How will you split the profits? Who is responsible for the losses?
  • What should you consider to be able to produce the product and get it to the customer?
  • How much money is needed to get the business started?
more questions1
More questions
  • How many customers will you have per month and how much will they buy per month?
  • How much does it cost to make the product or provide the service?
  • What are your operating costs? (Include your own salary)
  • How much money do you need to borrow to start this business?
  • How will you make the business grow in the future?