Essential Elements of an Effective Business Plan
Discover the key components of a successful business plan including marketing strategies, financial projections, and formatting guidelines for maximum impact. Learn how to create an actionable plan to drive your business towards success.
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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)
