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Created with Fabric.js 1.4.5 Requirements of a business plan Footer Body 8 Steps to make the perfect business plan A business plan is an important document that will clarify and organize the structure of your business idea. Talk about the business idea and its background. Product This is where you describe your product in depth Advantages Dissadvantages Product quality Pricing Marketing plan What is your target market? Any competing products? Any competing products? Think about the niche and promotional strategies: Location? Pricing? Advertisements? Analyze the economic state and how it can effect your business Include a sales forecast. It is important to make a realistic sales forecast and a worst case scenario sale forecast. Operations Management Comment on the roles of each member and discuss their skills and their value to the teamShow your enthusiastic and commitment to you project!! Financial plan The executive summary ! No longer than 2 pages Tell the reader what you want from them. Short summary of the entire business. double click to changethis text! Drag a cornerto scale proportionally. double click to change this header text! *Aims and Objectives*Key features*Any disadvantages? Product Advantages? Disadvantages? Quality? Pricing? Quality? Pricing? Target Market? Competing products? Economic State? Sales forecast? *Roles of team members *Show enthusiasm*Describe your work ethic Financial plan Assessments of year profit and loss projection Operations *How will you run your business on a day to day basis?*Location? Appendices 0 50 100 January February March April May June July Management Marketing Plan General company description Include: Blue prints Research Copies of contracts double click to change this header text! for images2.Elements of a Business Plan. [Online].Available at: scale proportionally.
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