Focus of the Business Plan \t1. Executive Summary:\ta. A page of plan highlights\t2. Company Description:\ta. What business will you be in? What will you do? Describe the following elements:\t\u00a7 Mission Statement\t\u00a7 Company Goals and Objectives\t\u00a7 Business Philosophy\t\u00a7 Legal form of ownership\t3. Product or Service:\ta. Describe your product or service and the benefits it will provide for customers\t\u00a7 Describe the industry and how you will position your company\t4. Market Analysis:\t\u00a7 To whom will you market your products?\t\u00a7 Describe pricing, promotion, distribution and forecasts for your product\/service\t5. Strategy and Implementation:\t\u00a7 Describe your most important company competitive strengths and core competencies.\t\u00a7 Develop an operations flow diagram to show the key steps in the production of a product or the delivery of a service\t6. Management Team:\t\u00a7 What background experience, skills, and strengths do you personally bring to this new venture?\t\u00a7 Who are the key members of the team? What strengths do they bring to the venture?\t\u00a7 What outside assistance will you have (board of directors, board of advisors, etc?) Be specific.\t7. Financial Plan:\ta. Include material on the following:\t\u00a7 Source and use of funds sheet (how much money a firm needs, how it will raise money, and what the money will be used for)\t\u00a7 Assumptions sheet (explanation of the most critical assumptions that your financial statements are based on)\t\u00a7 Pro Forma Income Statement\t\u00a7 Balance Sheet\t\u00a7 Cash Flow Statement\t\u00a7 Appendices (any supporting documentation)<\/p>\n","protected":false},"excerpt":{"rendered":"
Focus of the Business Plan 1. Executive Summary: a. A page of plan highlights 2. Company Description: a. What business will you be in? What will you do? Describe the following elements: \u00a7 Mission Statement \u00a7 Company Goals and Objectives Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-205006","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/205006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=205006"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/205006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=205006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=205006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=205006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}