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203 Business Plan

Components of the Business Plan

TermDefinition
Business Plan A detailed proposal that describes a new business.
Executive Summary A brief one-to-two page description of the key points of each section.
Product/Service Plan Presents the product or service being offered and unique features of the product or service.
Management Team Plan Presents the qualifications of the entrepreneur and partners.
Industry/Market Analysis Analyzes the customers, competition and industry of the market you are targeting.
Operational Plan Includes all processes involved in producing and/or delivering the product or service to the customer
Organizational Plan Management's philosophy of the business and key management personnel and employment policies.
Marketing Plan Describes how the business will make it's customers aware of its products or services.
Growth Plan Presents plans for future expansion of the business.
Financial Plan Includes financial statements that will help forecast the future financial health of the business.
Legal Protection Permits/licenses, contracts, zoning laws, and taxes
Trademarks Protect business' name or logo
Patents Protect invention or products or processes from theft.
Copyright Protect creative works.
Ways to Acquire Finances Family and friends, other businesses, and financial agencies
Financial Agencies Small Business Administration, banks, credit unions, and insurance companies
Created by: psh325a
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