key points for an amazing business plan
TRANSCRIPT
Key Points for an AMAZING Business Plan
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Your business plan is a reflection of you so make sure it is up to the mark. It is the first step to get your ideas known to the world. If you are looking for funding or investors, having an efficient and effective Business Plan that conveys your message saves your energy and makes your life easier. The following points are needed in order to create a business plan that not only fits your needs
but the requirements of the investors.
Key points under the Marketing Section will be examined which is a major component of the Business Plan. By delving into the world of marketing, we will ensure that your Business Plan will materialize and you will have a profitable business!
BASICS OF A GOOD BUSINESS PLAN
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The executive summary is the primary part of the business plan. You need to start by giving a brief explanation of:
What your company does?
What it aims to achieve?
How it will accomplish its goals?
In a concise manner, describe the unique attributes of your company that will lead to its success and provide an outline of your financial projection for the next 3 years. This will entice the readers and enhance their trust towards your company
Executive Summary
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Provide a brief history of your company. You will answer the following questions listed below:
How it started?
Why was it established?
When did it come into existence?
How was the organization formed?
What type of legal entity is your company?
What are your accomplishments or what do you intend to accomplish?
Company Overview
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This particular section includes two sub-sections which are listed below.
Market Overview In this part, the size and characteristics of the market will be discussed Sectors in the market Market trends
Market Size Taking into account the market share, the section on market size includes the projected
annual revenue of your company, The number of customers you are targeting, The sum of services you are offering The amount of money that the clients are willing to spend
Industry Analysis
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This particular section included two sub-sections which are listed below. Target Customers
Containing current and intended client base Discussing the demographic data
Age Gender Geography Salary Education Status (Married or Single)
Customer Requirements You need to stipulate why the clients will choose your products or services What is your company providing which the other companies do not have What are the consumers focus on How to get their attention
Customer Analysis
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This particular section includes three sub-sections which are listed below. Direct Competitors
Provide an outline of your direct competitors Analyze their strengths and weaknesses Highlight the main aspects that make you stand out or different
Indirect Competitors Provide an outline of your indirect competitors Analyze their strengths and weaknesses Highlight the main aspects that make you stand out or different
Competitive Advantage Identify the factors that will make you effectually compete against the direct and competitors Define certain points that showcases your leverage over the competitors Highlight positive elements when customers choose your products or service
Competitive Analysis
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Key points under the Marketing Section will be examined which is a major component of the Business Plan. By delving into the world of marketing, we will ensure that your Business Plan will materialize and you will have a profitable business!
Products and Services
Pricing
Promotional Tactics
Distribution Techniques
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Marketing Plan
Key points under the Operational Plan and Management Team will be explained which is a major component of the Business Proposal. By examining the operational and management aspects of the Business Plan, we will ensure that you realize all your ideas and have a profitable business!
Chief Operational Processes
Key Milestones
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Operational Plan
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