Business Plan Essentials: Marketing Strategy & Financial Projections
Explore the key elements of a comprehensive business plan, including the structure, components, and strategies involved in creating a successful marketing plan. Learn about financial forecasting, cost analysis, revenue projections, and the importance of using rationale and key assumptions in business planning.
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Presentation Transcript
OUTLINE Overview of a Business Plan Elements of a MARKETING PLAN NUMBERS NUMBERS NUMBERS
OVERVIEW Part of a Business Plan which includes: Executive Summary Competitive Analysis Mission Statement Marketing Plan Financing Plan Production Plan Facilities Plan Human Resources Plan
The MARKETING PLAN Executive Summary Situational Analysis Competitive Analysis (SWOTS) Target Market Analysis Product Strategy Distribution Strategy Promotion Strategy Pricing Strategy * Should include spread sheets demonstrating financial and market viability (costs & revenues)
NUMBERS NUMBERS NUMBERS Financial Costs Financial Revenues Forecasted, Worst Case, Best Case Known Historical Data Extrapolated/Predicted Similar Data With Rationale and Key Assumptions Must be rationale, reasonable, plausible and founded in reality.
FORMAT ARIAL, 12 point Font Double Spaced Flush Left Margin Line Space Between Paragraphs Use Heading Titles Use Sub-Heading Titles where appropriate Use Table of Contents Use Harvard Style Referencing in line citations and Bibliography (reference list)
