Abbreviated Business Plan

April 12th, 2011 |

Business plans should not be long, wonderful, detailed documents. 2-3 pages often enough. The main objective is to get your ideas, strategies and resource requirements of your head and on paper. This documentation is important for several reasons. First, the schemes tend to become more “real” when they are written. Secondly, planning is important to be organized and objective. It is easier to achieve this in writing. Thirdly, a written plan is important to share with others and get their reaction. Fourth, investors and financiers want to see the numbers.

Introduction and context does not seem too important, but how did you get the idea? The concept is original? Introduction Summary or substantive statement is to get readers’ attention and prepare them for what follows.The mission vision of the area, trying to describe exactly what the purpose of your organization and where you can see it going in the future. Principal products or services is where you describe what you will produce and sell.

Management is the section where the principles are identified with an indication of staffing requirements.The SWOT analysis identifies strengths of your proposed business, and perhaps more importantly, weaknesses and market opportunities and threats .Economic and Financial Affairs Member of the money is needed to start and maintain their assets and source of “startup” funds.Marketing identifies your customer and how it intends to create and satisfy their need or desire for your product / service price, the sale of packaging, and distribution can also be included.