Everything you ever wanted to know about the business plan by Polishchuk Vlada https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf Small Personal Research en-us 2020-11-25 13:36:40 UTC 2025-11-16 03:15:22 UTC hello@padlet.com https://padlet.net/icons/png/1f4c4.png 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982207017 2020-12-03 00:56:29 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982207017 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982210052 2020-12-03 00:58:12 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982210052 Business plan functionsA Business Plan has a dual function: 1)Management Tool. 2) Planning Tool. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982216283 2020-12-03 01:01:52 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982216283 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982218809 2020-12-03 01:03:18 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982218809 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982220359 2020-12-03 01:04:10 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982220359 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982228609 2020-12-03 01:08:28 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982228609 - 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 cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982240729 2020-12-03 01:15:24 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982240729 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 cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982250828 2020-12-03 01:21:06 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982250828 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982257768 2020-12-03 01:24:53 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982257768 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. cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982261344 2020-12-03 01:26:52 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982261344 cvlpo001_2 https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982270164 2020-12-03 01:31:51 UTC https://padlet.com/cvlpo001_2/9ruk1gx10jfcpdsf/wish/982270164