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1) The purpose of a Business Plan is to identify, describe, and analyze a business, opportunities, and/or a business already underway, examining its technical, economic, and financial feasibility.

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1) The purpose of a Business Plan is to identify, describe, and analyze a business, opportunities, and/or a business already underway, examining its technical, economic, and financial feasibility.

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2) It should serve as a business card for introducing the business to others: banks, investors, institutions, public bodies, or any other agent involved, when it comes time to seek cooperation or financial support of any kind.

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2) It should serve as a business card for introducing the business to others: banks, investors, institutions, public bodies, or any other agent involved, when it comes time to seek cooperation or financial support of any kind.

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Business plan functionsA Business Plan has a dual function:          1)Management Tool.              2) Planning Tool. 

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Business plan functionsA Business Plan has a dual function:          1)Management Tool.              2) Planning Tool. 

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Management Tool:                                                1) Provides economic/financial projections.                             2) Enhances the monitoring and control of the business by following up theresults obtained and analyzing management indicators.      3) Introduces the analysis of the supply and demand.       4) Reflects the commercial strategy and marketing policy.                                      5) Identifies the guidelines for the management of human resources.                  6) Analyzes the key factors of success and the risks of a business. 

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Management Tool:                                                1) Provides economic/financial projections.                             2) Enhances the monitoring and control of the business by following up theresults obtained and analyzing management indicators.      3) Introduces the analysis of the supply and demand.       4) Reflects the commercial strategy and marketing policy.                                      5) Identifies the guidelines for the management of human resources.                  6) Analyzes the key factors of success and the risks of a business. 

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Planning Tool:                    The company assumes and takes responsibility for the definition of its objectives: 1)With results-oriented actions.                                    2) Strict fulfillment of its economic commitments.     3) Orients decision-making processes.                               4) Provides qualitative and quantitative information.    5) Planning conforms to a homogeneous pattern.     

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Planning Tool:                    The company assumes and takes responsibility for the definition of its objectives: 1)With results-oriented actions.                                    2) Strict fulfillment of its economic commitments.     3) Orients decision-making processes.                               4) Provides qualitative and quantitative information.    5) Planning conforms to a homogeneous pattern.     

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The development of a BUSINESS PLAN consists of the following elements, which provide answers to the main questions that can be raised by third parties.

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The development of a BUSINESS PLAN consists of the following elements, which provide answers to the main questions that can be raised by third parties.

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-    ANALYSIS OF THE PRESENT SITUATION            -    BUSINESS PLAN OBJECTIVES                            -   STRATEGIC PLAN                -   FINANCIAL PLAN      1)Income and Expenditure Projections                             2) Investment Budget and Depreciation Schedule 3)Profit and Loss Account          4) Borrowing Requirements 5) Balance Sheet                    6) Cash Flow                     7)Net Present Value                                                                       

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-    ANALYSIS OF THE PRESENT SITUATION            -    BUSINESS PLAN OBJECTIVES                            -   STRATEGIC PLAN                -   FINANCIAL PLAN      1)Income and Expenditure Projections                             2) Investment Budget and Depreciation Schedule 3)Profit and Loss Account          4) Borrowing Requirements 5) Balance Sheet                    6) Cash Flow                     7)Net Present Value                                                                       

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1. ) Executive Summary           A good executive summary is compelling. It reveals the company’s mission statement, along with a short description of its products and services. It might also be a good idea to briefly explain why you’re starting your company and include details about your experience in the industry you’re entering.                      2. ) Company Description       3. ) Market Analysis                 4. ) Competitive Analysis        5. ) Description of Management and Organization                          6. ) Breakdown of Your Products and Services          7.  ) Marketing Plan                   8. )  Sales Strategy                    9. ) Request for Funding        10. ) Financial Projections                                                                                    

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1. ) Executive Summary           A good executive summary is compelling. It reveals the company’s mission statement, along with a short description of its products and services. It might also be a good idea to briefly explain why you’re starting your company and include details about your experience in the industry you’re entering.                      2. ) Company Description       3. ) Market Analysis                 4. ) Competitive Analysis        5. ) Description of Management and Organization                          6. ) Breakdown of Your Products and Services          7.  ) Marketing Plan                   8. )  Sales Strategy                    9. ) Request for Funding        10. ) Financial Projections                                                                                    

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A business plan can range in size from 38 to 50 pages for a basic plan to as high as 80 to 100 pages for complex plans.

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A business plan can range in size from 38 to 50 pages for a basic plan to as high as 80 to 100 pages for complex plans.

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A business plan is more like a writing document that’s shown in detail the mission, vision, goals of a startup or company while a business canvas is a simple pictorial representation of questions that assist you in clarifying your idea. Firstly, you create a business model, then a business plan.

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A business plan is more like a writing document that’s shown in detail the mission, vision, goals of a startup or company while a business canvas is a simple pictorial representation of questions that assist you in clarifying your idea. Firstly, you create a business model, then a business plan.