Complete Business Plan
Components for writing complete business plan are:
Components that are marked with * means that is already contained in Quick Business Plan
1.Title Page*
2.Write a Plan Summary*
3.Table of Contents*
4.Problem Statement*
5.Business description*
6.Business Accomplishments*
7.Marketing Plan
Summarizing the work into a narrative, your plan will read more easily and look more professional. However, the potential downside to combining the answers into a narrative format is that you may inadvertently leave out a point of major interest to your backers. If you do elect to combine the answers into a narrative, be careful to cover all the points in each exercise.
8.Sales Revenue Forecast*
9.Profit and Loss Forecast*
10.Capital Spending Plan*
11.Cash Flow Forecast*
12.Future Trends
Let’s assume you have a good description of your proposed business, and the business is an extension of something you like and know how to do well. What will happened if you open a pizza restaurant in small village? You have to ask yourself a question, do people need pizza restaurant in that small village, if they need ask yourself how it will be when you open it and how long you can do that business. Future trends have three basic components:
A.Taste
People’s tastes drive many of the changes our society speeds through. For example, music styles change every few years, and some bright businesspeople succeed by selling clothing and other accessories associated with each new music style.
B.Trends
If you are going to be successful in your business You have to look into the future and decide where it is going and how that affects what you do today. You should follow trends and try to predict how and on which way will your business expand in future.
C.Technology
Technology is a new items coming out on the market. It is a mighty engine that can pull the economy in new directions at terrific speed. Be sure you are in that technology trend.12.Risks Facing Your Business
Components that can be risk to your business:
A.Competition
Find out how will your business be different from competition business. If your competition is strong, figure out ways you will adjust to or use that strength.
B.Pioneering
If there is no direct competition, your business probably involves selling a new product or service, or one that is new to your area.
C.Cycles and Trends
Many businesses have cycles of growth and decline often based on outside factors such as taste, trends or technology.
D.Slow Times
Every business experiences ups and downs. You have to do some drastic efforts when your business experience negative trends.
F.Owner’s Expertise
You should try out new things in your business and see how it will reflect on your profit. Changing thing you can get better result.
G.Cash Flow
Seeing the money come and go on a daily and weekly basis is very different from looking at a yearly Profit and Loss Forecast. You also want to be sure that your business can survive long enough so you can enjoy your profits. If you filled out a Cash Flow Forecas you should be able to demonstrate that you can survive foreseeable cash flow problems.