Entre Week 2 Business Plan Outline PDF

 Corporation a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Pause and Reflect Think of a a business. situation in which you decide to start 1. What type of business...

 Corporation a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Pause and Reflect Think of a a business. situation in which you decide to start 1. What type of business will you establish? Why? 2. What are the factors you need to consider? 3. What are your goals to achieve? Questions ?  What is Business Model?  The model describes the way a business will take its product, offer it to the market, and drive sales. SUBSCRIPTION BASED MODEL The customer typically pays on a monthly or yearly basis, and can choose the frequency of their payments.  A wholesaler selling to a retailer A manufacturer selling to a wholesaler  On-demand Model A business model that connects customers with independent sellers through online platforms. Business Plan  Business Plan -It is a written description of the business that you will establish in the future. -This is to guide the entrepreneur on which strategies would be most beneficial for the enterprise to take.  Goal of a Business Plan 1. assess the feasibility of the business idea. 2.develop business strategies to make the business idea doable. 3. realistic 4. specific 5.followed through Why do entrepreneurs still need to make business plan? 1.Reduce, if not remove, the risk of losing money. 2.Avoid costly mistakes. 3.Foresee the sudden increase or decrease in the demand of the product or service. 4.Organize the activities beforehand. 5.Set targets in terms of sales volume, revenues and expences. When to write business plan?  You can either write a business plan in the early stage of your business or for the growth of your established business.  Business Plan Outline I. EXECUTIVE SUMMARY II. MANAGEMENT AND Description of the proposed ORGANIZATION business and business model. Description of the market Company Name, Logo, and opportunity to capture, or market problem the business solves. Address Reasons for why this is an Company Tagline attractive business opportunity. Vision and Mission Key distinctions or differentiators statements of the business versus Key Personnel competitors. Workforce and Support Description of the execution plan and timeline. personnel Overview of projected financials Organizational Chart containing revenues , cost, Ownership, Capitalization,  Business Plan Outline III. PRODUCT/SERVICE PLAN iv. MARKET PLAN Market analysis which includes Purpose of the product demand and supply. Product’s unique feature Marketing and Sales Strategies Material/ Ingredients Product Characteristics or features Pricing Policy requirements and sources Sales Projections of supply V. FINANCIAL PLAN Production process used to Sources of Funding manufacture the product. Use of Funding Distribution logistics VI. Timeline and Metric VII. Business Team Regulatory and other Personal Information compliance issues. Designation/Function Go to your respective group and create your executive summary. Thank You!