businessplans.doc

A. Today.we will talk about business plan.Er.whats a business plan?B. A business plan is a summary of how a business or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the venture to succeed. It is a written explanation of the companys business model for the venture in question.C. Right.and business plans are used internally for management and planning and are also used to convince outsiders.A. Good!So make a business plan is very important. And what is its purpose do you think?C.provide a roadmap for success of the company.and force the entrepreneur to formalize their vision and do the research to answer hard questions about the company, its industry and the competitive landscape.B. Yeah.also set goals,strategies,policies,and procedures for the firm.and a tool forraising capital.A. Finally.How to do it?C. Business plan is divided into seven parts:1.Executive Summary2.Customer Need and Business Opportunity3.Business Strategy and Key Milestones4.Marketing Plan5.Operations Plan6.Management and Key Personnel7.Financial ProjectionsA.Very well. Business plans are noted for often quickly becoming out of date. One common belief within business circles is that the actual plan may have little value, but what is more important is the process of planning, through which the manager gains a greater understanding of the business and of the options available.BusinessplanA business plan is a summary of how a business or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the venture to succeed. It is a written explanation of the companys business model for the venture in question. Business plans are used internally for management and planning and are also used to convince outsid