what are the components of a business plan pdf

First, a business plan helps provide direction by making you discuss where you want to take the venture and define what you want out of it. Second, a business plan provides structure to your thinking and helps you make sure you’ve covered all of the important areas.

The 10 components of a business plan that you must include are as follows: 1. Executive Summary. 2. Company Analysis. 3. Industry or Market Analysis. 4. Analysis of Customers. 5. Analysis of Competition. 6. Marketing, Sales & Product Plan. 7. Operations Strategy, Design and Development Plans. 8. Management Team. 9. Financial Plan. 10. Appendix. 1.

A business plan describes the venture that you will create to exploit a concept. It has traditionally three primary functions: Action Plan A business plan can help to move you to action. You may have been thinking for years about starting a business or engaging in some venture, but the process may seem too daunting, too large and too ...

Key elements that should be included are: Business concept. Describes the business, its product and the market it will serve. It should point out just exactly what will be sold, to whom and why the business will hold a competitive advantage. Financial features.

The Purpose of a Business Plan . Any business plan has a dual function: 1. Internal: Providing management and staff with a clear map, complete with signposts and milestones against which progress can be monitored and evaluated. 2. External: Presenting the investment case to an outsider. This key function provides the focus for this note ...

This should be a brief, executive summary of the key elements of the business plan. Its purpose is to capture the interest of prospective investors. There are two basic reasons for the development of a business plan. ? To be used as an Operating Guide ? To be used as a Financing Proposal