1 / 19

Business Plans

Azka Niaz, Devin Pavia, Aaron Akey, Mitchell Allmen. Business Plans. Information. A business plan is a document that: summarizes the operational and financial objectives of a business contains the detailed plans and budgets showing how the objectives are to be realized. Purposes.

vivien
Download Presentation

Business Plans

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Azka Niaz, Devin Pavia, Aaron Akey, Mitchell Allmen Business Plans

  2. Information A business plan is a document that: • summarizes the operational and financial objectives of a business • contains the detailed plans and budgets showing how the objectives are to be realized.

  3. Purposes The purposes of a business plan are to: • force you to take a significant, composed look at your business in its entirety • help you to manage your business work effectively toward its success. • create interest in potential investors to make them want to meet with you

  4. Importance of a Business Plan • It is the guide for a business • It explains how the business will operate and the goals of the business. • It is what investors look at to determine if they want to work with you.

  5. Audience of the Business Plan • The audience of a business plan is the investors and lenders. • They look at the plan and decide whether or not to invest money in the business.

  6. Parts of a Business Plan Executive Summary • A short section of a document summarizing a report or business proposal.

  7. Parts of a Business Plan Company Overview • A summary of how all the different elements of your business fit together. • Includes information about the nature of your business. • Tells the factors that you feel will make your business profitable.

  8. Parts of a Business Plan Business Environment • The set of social, legal, economical, political or institutional conditions that are uncontrollable in nature and affect the functioning of the organization.

  9. Parts of a Business Plan Product Line • A list of products and/or services your company offers.

  10. Parts of a Business Plan Company Strategy • The direction and scope of a company over the long-term period of time • What advantage the company has over other companies in the same market • How it will meet the needs of markets and shareholder’s expectations

  11. Parts of a Business Plan Financial Review • An independent accounting review of a company’s finances

  12. Parts of a Business Plan Action Plan • A detailed plan of how your company will be run and its financial goals.

  13. Our Business Our group is planning to start a business where people could sell/buy used electronics. Our service would pay in cash for used electronics, or selling used electronics and their parts. People would use us because we will stress customer service, pay in cash for goods and have an easy online interface where we could sell our products.

  14. Our Business In order to make a profit doing this kind of business we’d bump up the price of the product online and have it for cheaper in the store to encourage people to come in (hopefully to buy more than what they came for) to buy our products. We would also buy goods for less than we’d sell them for.

  15. Franchise Information • Franchising is the practice of using another firm’s successful business model. • For the franchisor, the franchise is an alternative to building 'chain stores' to distribute goods and avoid investment and liability over a chain. • The franchisor's success is the success of the franchisees.

  16. Franchise Information • The franchisee is said to have a greater incentive than a direct employee because he or she has a direct stake in the business. • The Franchise Disclosure Document was drafted so that the laws behind opening a franchise are clear.

  17. Buying into a Franchise • To join a franchise, a contract with the company needs to be formed. • This contract is the same for anyone opening a store within that franchise.

  18. Examples of Franchises Some examples of common franchises include: • McDonald’s • Burger King • Pizza Hut

  19. Sources  • http://homebusiness.about.com/od/businessplans/a/biz-plan-format.htm • http://www.franchising.com/ • http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/writing-business-plan/essential-elements-good-busines • http://articles.bplans.com/writing-a-business-plan/what-is-a-business-plan/33 • http://www.sbaer.uca.edu/business_plan/pdfs/4-5.pdf • http://www.family-business-experts.com/read-your-business-plan.html

More Related