elements of a Business Plan

[bellashaun]

Explain in a sentence or two, each of the elements of a Business Plan and why it is necessary.

[Xanthia Alysha]

1. 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.

2. Financial features. Highlights the important financial points of the business including sales, profits, cash flows and return on investment.

3. Financial requirements. Clearly states the capital needed to start the business and to expand. It should detail how the capital will be used, and the equity, if any, that will be provided for funding. If the loan for initial capital will be based on security instead of equity, you should also specify the source of collateral.

4. Current business position. Furnishes relevant information about the company, its legal form of operation, when it was formed, the principal owners and key personnel.

5. Major achievements. Details any developments within the company that are essential to the success of the business. Major achievements include items like patents, prototypes, location of a facility, any crucial contracts that need to be in place for product development, or results from any test marketing that has been conducted.

[jason_simpson]

The following are the major elements of a business plan:

Executive Summary
Description of Company
Product or Service
Market
Marketing Plan
Operations
Management Team
Financials

[ricky028]

There is no doubt that a business plan is the key to long term success for new and old businesses. It will allow you to see at a glance, what your startup costs will be and when exactly you expect your business to turn a profit.

[healthnwealth]

Executive Summary, Basic Company Info, Products or Services Offered, Facts About Your Industry, Competition and Market, Management, Organization and Ownership, Marketing Plan, Plan of Operations, Financial Projections, Optional - The Appendix these are the important elements of a Business Plan. Stock Picks