Business plans need six components. You need to have an excutive summary, an operation section, a management section, a marketing section, a finance section and an appendix.
The executive summary should be no longer than two pages and be a synopsis of everything in your business plan.
The operation section talks about how you are going to sell your goods and services and operate the business on a day to day basis.
The management section covers the people you are going to manage, who they are, what their job descriptions are and how much you are going to pay them.
The marketing section talks about what goods and services you have and how you are going to market it to the general public, who your target market is and what veues you are going to get the message out to.
Finance section is a very short section, it is only about a page long and talks about when your break even points is, how you are going to be profitable.
The appendix include all the financial numbers of your finance section so your profit loss statement of cash flow and your balance sheet.
Source: YouTube
Tuesday, August 31, 2010
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