Author Box
Articles Categories
All Categories
Articles Resources

Summary Of A Business Plan

October 27, 2011 | Comments: 0 | Views: 112

Market Data is very important. Is there a demand for your product or service? What does your product or service do that is unique and can it fill a void in the market? Your Business Plan should have the full amount of funding you will need to run the company, and the money should be broken down within a budget and divided up into funding needed for each milestone, executive salaries, employee and staff salaries and unexpected expenses.

The Business Plan is very important and basically serves as a road map of how your business is expected to grow. You need to start your plan by starting out with your vision. What is your expectation of this business? What does your product or service do and what void will it serve in the market place?

Your milestones need to be stated clearly and in the finest detail. Milestones are very important because they indicate the step by step achievements that you seek to complete for your company to be established and then to start business. You need to set reasonable time periods for each milestone to be completed. The first milestone should always be acquiring the key components in getting your company established. These components should include real estate, where the company headquarters are to be located, construction, renovation, and or the purchase or rental of the building which will house the company offices and production line. This should be covered in the first milestone. If you are manufacturing a product, you should also add the purchase of a manufacturing center and equipment in the first milestone. The first milestone should always be about getting the basics which the company needs to function. In some cases, a company may already be operating on a small-scale and is seeking funding to expand. In this case you need to state what equipment you already have, how you are functioning, what your market is and what revenues you have generated thus far.

The second milestone should indicate your marketing plan. What markets are you planning to attack? How will you market? Will your executives or representatives attend trade shows and seminars for your company? How much funding will you need for your marketing campaign? Furthermore, your marketing campaign should be broken down into different steps. How much marketing will you be doing on the traditional media, such as in TV, radio and print advertising? With the internet; will you have a company website that will feature your product or service? How will you market your website for the highest amount of traffic possible?

The other milestones should cover what you plan to market first. You need to provide a realistic step by step plan on when you plan to open for business and what you will produce first. Then you will need to clearly state what you plan to market next. For example, one particular company deals with beekeepers and wants to improve the beekeeping industry in its geographic area. The company right now is somewhat functioning without investment, but with an investment, the company could also be accelerating its business and market other products.

Creating your Business Plan from scratch can be very intimidating and time consuming but is a necessity if seeking funding for your business. Our service offers over 2,500 Business Plan Templates in just about every industry imaginable. The largest of other companies offering this same service. For more information, please visit

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Business Plan


How To Write A Business Plan


What Is A Business Plan


Business Plan Templates

In India, employment opportunities are set to grow by a good margin in the coming year, a phase which was started in the turn of the second decade of the 21st century. organisation, candidates with

By: Sarkariexam l Business > Careers Employment l April 01, 2013 lViews: 11709

Sometimes it is amazing to see that certain jobs can precipitate huge turnouts in the recruitment drives. It is as if thousands of people were waiting for the vacancy advertisements and the moment

By: Sarkariexam l Business > Careers Employment l December 30, 2012 lViews: 690

In recent times, jobs in healthcare segments have grown tremendously. It is anticipated that this growth curve will continue for the times to come. Various factors are responsible for this

By: Sarkariexam l Business > Career Advice l December 27, 2012 lViews: 448

Are you in a dilemma whether to choose web based CRM or not? If yes, don’t worry. You aren’t the sole person having this doubt.There are numerous firms trying to make out whether investing in a

By: Reneta Vasileva l Business > Customer Service l December 23, 2012 lViews: 409

If you think about it you will realize the fact that each business has its own set of risks that are involved in it.The trade secrets that you have and the information related to the business is what

By: brumbrum1 l Business > Risk Management l December 23, 2012 lViews: 263

As the time is changing, concierge management services are now growing despite the slowing economies of the world. The main reason of it is the need that is highly specific to the people who like to

By: willsmith10 l Business > Management l December 23, 2012 lViews: 334

A financial model is critical to receiving investment capital. This articles provides tips on building a credible financial model for start-ups that will help the business get funded through banks or

By: Kimberly Loftisl Business > Venture Capitall June 15, 2012 lViews: 184

In too many M&A transactions, even those related to software and technology companies, IT due diligence is, at best, an afterthought. There is no doubt that financial and legal due diligence are

By: Jim Hoffmanl Business > Venture Capitall May 29, 2012 lViews: 202

As it the case with any new business, capital is a necessity in order to not only launch a new business, but grow it. And many entrepreneurs are tethered to a job they dislike because they can not

By: Stephanie Rosendahll Business > Venture Capitall May 28, 2012 lViews: 179

President Obama signed the "Jumpstart Our Business Startups Act'' (the JOBS Act) on April 5. Part of this Act authorizes crowdfunding for the first time. Up until now, crowdfunding could only be done

By: Bruce E Methvenl Business > Venture Capitall May 20, 2012 lViews: 356

Business is the main block of success, wealth and fame for society today. If one has great business acumen, they can succeed easily in any kind of business they venture into.

By: Alston Spencerl Business > Venture Capitall May 14, 2012 lViews: 181

Your basic knowledge of capital, in terms of business, is that it is the seed of any negotiations. It is the fund used for you to start the wheel of money that your business would run through. You

By: Ben Vesticl Business > Venture Capitall April 29, 2012 lViews: 196

Discuss this Article

comments powered by Disqus