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What should be included in the appendices of a business plan?
Sections of a BP It is probably wise to prepare a section-by-section outline before starting to research and write your actual plan. Once you create …your outline, the planning process can be conducted on an organized manner. However, since no two business plans are alike, no two outlines will be alike either. As a reference point, here is a basic outline to get you started: (1) Cover Page (2) Statement of Confidentiality (3) Table of Contents (4) Executive Summary (5) Operational Plan (6) Marketing Plan (7) Financial Plan (8) Supporting Documents/Appendices For convenience purposes, your plan should be divided into two sections: (1) the Executive Summary (a summary of the full, more detailed business plan) and (2) the detailed plan. The Executive Summary should be no more than three pages in length, while the detailed plan may be as many as 50 pages or more � depending on who will be reading it.
Breakeven Analysis Break even is the the difference between revenue what is made through services or what it costs to manufacture a product. This is the prime costs, direct c…osts the difference of both revenue and total prime costs is called contribution. This contribution needs to cover fixed costs as well as total overheads indirect costs. Using breakeven is a good way of controling your costs and working out if your selling price is too high or low compared to your competitors, then it is a matter of using the competitor pricing method or the actual cost method to work out your mark up. Break even will tell you and most importantly your business advisors, the number of clients you need on a weekly, monthly basis. This will prompt you on how much projected profit cash flow you can forecast for the business to make in the first year of trading. Hope this helps. Please let me know if you need more informtion Andrew swift
Financial Statements in a Business Plan As a rule of thumb, you should always include financials as part of a complete business plan package. Financial components are a… must when creating a business plan that is going to be presented to bankers or investors. They need to evaluate your financial projections to see whether or not your business is going to be profitable. They want to make money and are not going to invest in a business or loan any funds without seeing the bottom line - and all the numbers in between. Even if the plan is for internal uses, it should still contain financial projections. Everyone that looks at a business plan expects to see financials. At the very least, you should include a cash flow statement, income statement and balance sheet. Before preparing your financials, you should consult with an accountant, financial advisor or other finance professional to review the financial structure of your business. Do things add up and make sense? Has everything bee properly accounted for? Assumptions are okay, as long as they coincide with industry averages and competitive benchmarks. No one expects you to hit a line drive, but you better be somewhere in the ballpark. Remember to stick with generally accepted accounting rules - don't get too creative. Another Viewpoint If you have all the financing you need then no, financials are not necessary. If however you want to borrow money or get investors interested then financials are not only necessary, they may be the most important part. Having done M&A work for a Fortune 100 company I can tell you that a properly constructed set of financials can often tell an investor everything he needs to know after he has read the executive summary. Accepting my finance background bias, a business plan without financials is just a fairy tale! Does a business plan need to include financials? YES! ABSOLUTELY! Profits and positive cash flow are the rewards for your efforts as an entrepreneur. That is what you work for. And the financial projections in your business plan tell you whether you expect to earn enough to make it worth your while. Your business plan is also the road map you use to make your business work. It describes why and how you think that your business is going to be successful. Why else would you make a business plan? After the planning comes the execution of the plan. This is the proof of the pudding. And what better way to determine whether the pudding you planned tastes good than via the profits you make. So you need to check during the execution of your plan whether your plan was a good plan or needs to be adjusted. Why would you adjust your plan? Because profits are not in line with what you want. You know that profits are not in line with what you want by comparing actual profits with your planned profits. You can only make that comparison if you have made those financial projections when you wrote your business plan. That is why you absolutely need to include financial projections in your business plan. If you have trouble preparing those projections ask your accountant or a financial expert for help. But make those projections and include them in your business plan so you can determine whether you are on course to the profits you need or need to adjust your business plan.
\n. \n Market Analysis Section of BP \n. \nThe market analysis section of your business plan should include detailed information that supports the notion that you really… do have a market to sell to. You need to present solid facts, numbers and statistics from reputable sources. You should identify your potential customers or target market, including demographics if you are selling to consumers (i.e. age, gender, income, local, regional or national) or key attributes if selling to businesses (i.e. number of establishments, revenues, location, etc.). Describe the size of the market and historical and potential growth. It is also important to discuss what motivates your target market to buy. \n. \nWhen researching your customers, the Internet is a great place to start. The World Wide Web yields thousands of articles and research reports on every imaginable topic, industry and consumer group. Government agencies also provide detailed information on the population and economy. For instance, the U.S Census Bureau publishes all sorts of information on the general public and business environment. Much of this data is derived from their Economic Census, which profiles the U.S. economy every 5 years and the Decennial Census, which is taken every 10 years to collect information about the people and housing of the United States. Besides the Internet, your local library, the yellow pages and even competitors will have information to help you define your target market and evaluate certain trends.
BP Power Point Presentations Often a business plan is not only written, it is also presented - whether to investors, shareholders or fellow employees. Therefore, a Powe…r Point presentation is not a bad idea. But don't jump the gun. Many first-time entrepreneurs mistakenly think they have a choice - to develop their business plan using a word processing or business planning program or to create one using Power Point. Your business plan should always be formatted as a longer, all-inclusive document using a program like Microsoft Word. From there, you can select the major highlights to include as part of a Power Point presentation. Make sure your presentation is effective. Keep in mind who you will be presenting to, timing and how many presenters there will be. And make sure to practice in front of an objective audience before giving the presentation.
\n. \n BP Cover Page \n. \nThe cover page of your business plan is very important, since it is the first page that most people see. Therefore, the cover page is essenti…ally making the first impression - it is introducing you and your business plan to others. So it is critical that you check and double check your spelling and grammar. Make sure the cover page features your company's logo or an image that portrays your product or service lines. If you are a start-up and do not have a logo or other picture to use, you can buy a royalty free image online. Choose one that reflects what your company is all about. For example if you are launching a hair salon, select one of a man or a woman having their hair cut. You'll also want to include a title, your name and contact information somewhere on the cover page to make contacting you quick and easy.
Answer . The list of references section at the end of a book
Background to business:. Â· Name. Â· Mission statement. Â· Location. Â· Physical size of business. Â· Type of business ownership. Â· Goals and objectives. M…arketing plan. Â· Projected sales levels. Â· Market analysis. Â· Competitor analysis. Â· SWOT. Â· PEST. Â· Ansoff Matrix. Â· Product Life Cycle. Â· Boston Matrix. Â· Marketing Mix. Production Plan. Â· Quantity to be produced. Â· Plant, machinery and equipment required. Â· Quality levels required and means of assuring targeted quality. Â· Different stages of production for the product or service. Â· Timing of production to meet customer needs. Financial Plan. Â· Sources of finance. Â· Budgets, including estimates of start up and working capital. Â· Break even forecasts. Â· Simple cash flow forecasts. Â· Projected profit and loss accounts. Â· Start up balance sheets. Human resource plan. Â· The number of employees needed. Â· Skills and competencies. Â· Recruitment methods. Â· Training needs of employees. Constraints. Â· Legal. Â· Financial. Â· Social. Â· Environmental. Â· Technological. Â· Competitive. All of the information above is included in a business plan.
decision making and budgeting
introduction cost of start-up inlcuding break-down premises premises alterations for acoustics long & short term planning studio equipment office bills m…anagement staff wages insurance projective timeline from start-up to 2nd year of trading cant think af anything else at the moment, well i do, but im too busy to get into details. the list above outlines the absolute basic bullet points to be explored and written with great attention to detail
A business plan is at its heart an argument that a "hunch/idea" can perform/create such effects with an understanding of the factors involved.
In a typical business plan, the following are normally included: competitive advantages, a marketing strategy, and use of funds. Also included are financial indicators and… exiting strategies.
Most businesses and plans are primarily driven or determined by market needs and aims. This increasingly applies to many non-commercial activities (government services, educat…ion, health, charities, etc), whose planning processes may also be described as 'business planning', even though such organizations may not be businesses in the way we normally imagine. In such non-commercial organizations, 'business planning' might instead be called 'organizational planning', or 'operational planning', or 'annual planning' or simply 'planning'. Essentially all these terms mean the same, and increasingly the tendency is for 'business planning' to become a generic (general) term to refer to them.
Put simply a business plan is important because it is an essential tool for attracting finance and helps an entrepreneur to measure business performance
It is an option, but you have to make sure that they are relevant and you don't include them just for the sake of having them in your business plan.
In a sample business plan you should include many thing such as a budget, your planned income, the cost of the rent or lease of the palce you plan to hire. It may be hard to m…ake a sample plan if you look around the internet their are many helpful sites, with sample templates.
There are many essential items which must be included when creating a business plan. This should include the summary of the business and the company description. Determining… the market it belongs in should be included along with marketing and operational direction set to plan.