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Writing a business plan is a big task, and no two business plans are alike. But most effective plans include the following major elements. As you write your business plan, come back to this list of key components to make sure your plan is complete and thorough.
· Company overview: Your mission, vision, values, products, unique attributes, and the business opportunity you plan to seize
· Business environment: An analysis of your industry, your marketplace, your customers, your competition, and how you stack up
· Company description: The capabilities that give you a unique advantage over your competitors — including your management, technology, operations, distribution, service, finances, and marketing
· Company strategy: Your roadmap to the future (including how you'll seize opportunities and avoid threats), your growth plans, your marketing plan, and even your exit strategy
· Financial review: The state of your finances, including your income statement, balance sheet, cash flow statement, profit projection, and budget
· Action plan: Steps you'll take to implement your business plan to meet your goals and objectives
This would walk you through the essential components of your plan, including how to develop a funding request.
1. Business Plan Executive Summary
Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals. Read these tips about what to include.
Before launching your business, it is essential for you to research your business industry, market and competitors.
Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves.
Every business is structured differently. Find out the best organization and management structure for your business.
How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan.
What do you sell? How does it benefit your customers? What is the product lifecycle? Get tips on how to tell the story about your product or service.
If you are seeking funding for your business, find out about the necessary information you should include in your plan.
If you need funding, providing financial projections to back up your request is critical. Find out what information you need to include in your financial projections for your small business.
9. Appendix
An appendix is optional, but a useful place to include information such as resumes, permits and leases. Find additional information you should include in your appendix
Fully aware of the product
See the desired results
Knowing the real facts
StudyPlanningStrategyResultsGoals
First we need to know our competencies and position in the industry/market
Than what are the options available for business development and it needs lots of research work because it involves lot of investment and time.
analysis of those options and slection of the best one...business development plan is a very lenghty process
components...
current state of the business
need of the business development
effect of the plan on business
expected results or what are the objectives that should be achived at the end of the day
Work with your peers to do the following:
Define your status regarding your key success factors
Define the gaps between your current status and your targets
Define alternatives to close the gaps
Select the most effective alternative
Plan to implement the alternative
Seek senior management approval for your plan
execute the plan
The useful steps of Business development plans are -
Market Research data
Competitive intelligence
Internal capability analysis
Business opportunities
Technology plan
Financial analysis
Business projects
Market position - Before and After
SWOT analysis
current state of the business
need of the business development
effect of the plan on business
I would say:
