Business Plan PowerPoint Presentation

Business Plan
Presentation Transcript
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• Slide 1 -

  Business Plan

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  What is a Business Plan? Business Plan Format Six Steps to a Great Business Plan Does Your Plan Include the Following Necessary Factors Formulate (and Reformulate) Your Business Plan

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  The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects. What Is A Business Plan?

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  Why Business Plan?  Define and Focus on your objective using appropriate information and analysis Your business plan can uncover omissions and/or weaknesses in your planning process. You can use the plan to solicit opinions and advice from people.

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  Better to stick with short-term objectives and modify the plan as your business progresses. Avoid optimism. In fact, to offset optimism, be extremely conservative in predicting capital requirements, timelines, sales and profits. Do not ignore spelling out what your strategies will be in the event of business adversities. Use simple language in explaining the issues. Make it easy to read and understand. Avoid these in your business plan

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  A Vision Statement : This will be a concise outline of your business purpose and goals. The People : Focus on how your prior experiences will be applicable to your new business. Your Business Profile : Define and describe your intended business and exactly how you plan to go about it. Economic Assessment : Provide a complete assessment of the economic environment in which your business will become a part. Cash flow assessment : Include a one-year cash flow that will incorporate your capital requirements Format for business plan

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  Steps for business plan Write out your basic business concept

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  Put your plan into a compelling form so that it will not only give you insights and focus.

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  Gather all the data you can on the feasibility and the specifics of your business concept.

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  Focus and refine your concept based on the data you have compiled.

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  Outline the specifics of your business. Using a "what, where, why, how" approach might be useful.

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  Thank You