...Sample Written Business Plan Outline* Paper Section | General Topics Covered | Focus Questions/Suggestions | Cover Page | * Company name * Logo and/or tag line * Names of principals [Team Members] * Date | | Executive Summary | * Purpose of Business * Identify business opportunity * Market size and growth potential * Customer needs * Failing of competitors (if any) * Competitive Positioning * Summary of funding needed | What are the fundamentals of your business and why should anyone pay attention?Must grab the reader’s attention and include everything that you would cover in a five minute interviewWritten Last2 pg. max | Business Concept/Product Description | * F.I.S.T. * Value Proposition * Keys to success | What are you selling? Describe exactly what your product is and for what purpose it was designed. Discuss how it works, special features, resulting economic, social, or environmental benefits.Why is your product different or better? Stress Value Proposition: describe what unique benefit you will provide to a particular set of customers and thus to TJX.Show TJX the numbers.3 – 5 pgs. | Market Analysis | * Industry Description * Growth rates Target Market * Total market size * Customer needs * Customer preferences * Competitive Analysis * Key competitors * Competitor SWOT * Your Business SWOT | How many potential...
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...Sample Written Business Plan Outline* Paper Section | General Topics Covered | Focus Questions/Suggestions | Cover Page | * Company name * Logo and/or tag line * Names of principals [Team Members] * Date | | Executive Summary | * Purpose of Business * Identify business opportunity * Market size and growth potential * Customer needs * Failing of competitors (if any) * Competitive Positioning * Summary of funding needed | What are the fundamentals of your business and why should anyone pay attention?Must grab the reader’s attention and include everything that you would cover in a five minute interviewWritten Last2 pg. max | Business Concept/Product Description | * F.I.S.T. * Value Proposition * Keys to success | What are you selling? Describe exactly what your product is and for what purpose it was designed. Discuss how it works, special features, resulting economic, social, or environmental benefits.Why is your product different or better? Stress Value Proposition: describe what unique benefit you will provide to a particular set of customers and thus to TJX.Show TJX the numbers.3 – 5 pgs. | Market Analysis | * Industry Description * Growth rates Target Market * Total market size * Customer needs * Customer preferences * Competitive Analysis * Key competitors * Competitor SWOT * Your Business SWOT | How many potential...
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...Section 1 THE CONCEPT AND SUMMARY Product and Services 2. Explain how your business will be specialized in terms of the products and/or services you will offer. The Customers 3. Explain how your business will be specialized in terms of customers groups you will be targeting. The opportunity 4. Identify any circumstances or events that have led to a need that your business intends to satisfy. Be clear on why now is a good time to start a business such as this The Owner(s) 5. Name and give a brief background for each of the owner. Explain why this history is appropriate for running a business such as this one. Attach a resume for each of the owners as an appendix. 6. Identify any entrepreneurial abilities of the owner(s) and, if there is more than one owner, clarify the “complementary “nature of the relationship. Explain any personal motivation for going into business now. 7. Briefly estimate the minimum amount of money you ( and any partners) will haveto withdraw from the business each month in order to survive ( or how long you can survive without relying on the business for income ). The Legal Organization 8. Identify the legal form of the business and clearly state who owns how much of the company. Explain your reasons for this legal set-up. 9. If there is more than one owner, explain who will be actively participating in the business and how. If there is a partnership agreement, identify the major provisions and attach a copy of agreement as an appendix. Section...
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...Introduction This paper provides a business plan for a new online travel agency – Tripkitchen. The business is currently in the very start up stage. The business founder is performing this research and analysis to evaluate the feasibility of moving ahead with the business. The goal of this paper is to understand what business strategies need to be employed, and what financial and resource commitments will be required to make this business a success. The objective of this study is to analyze the dynamics of online travel agency (OTA) industry and determine the key success factors to compete effectively in this industry. In addition, the paper will provide a market analysis to understand the target market and segmentation, and provide strategies for market positioning and market entry. Background The online travel distribution industry has evolved from the initial development of computerized reservation systems (CRS) by the airlines to manage airline seat reservations, with the first major system Sabre developed by American Airlines with the help of IBM in the early 1960’s, and followed shortly by United Airlines development of the Apollo system (PhoCusWright, 2009) Services offered by the company Online travel agencies are companies who provide travel reservations primarily on the internet. These companies acquire blocks of airline and hotel inventory at discounted prices and make them available to consumers on the internet. Tripkichen.com is a new start up...
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...BUSINESS CONCEPT SUMMARY (A) Your business summary should be completed last, be no longer than a page and should focus on why your business is going to be successful. Your answers below should briefly summarise your more detailed answers provided throughout the main body of your business plan. The business Under the business summary section enter your: * Business name If you haven't registered your business name, add your proposed business name. * Business structure Enter whether you're a sole trader, partnership, trust or company. * If you're a business and have registered enter your business registration number * Main business location Enter your main business location such as your city/town. Briefly describe the location and space occupied/required. * Date the business was established This is the date you started trading. Whether it was the date you opened your doors or the date your purchased business opened its doors. * List of business owners List the names of all business owners. * Relevant owner experience Briefly outline your experience and/or years in the industry and any major achievements/awards. * Products/services Briefly list the products/services you're selling and the anticipated demand for your products/services. These answers should briefly summarise your answers under the main products/services section. The future Under the future summary section enter your: * Vision and mission statements Your...
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...Business Planning Name Institutional Affiliation Part A – Written or Oral Questions Q. 1 Skilled labour is an important element of any business. At Lifestyle Architects, Peter Drew, the owner of the business will poach a qualified human resource manager from competing firms to specialise in hiring of employees. Due to the stiff competition between Lifestyle architects and its competitors in terms of acquiring employees, our company will offer internship opportunities to college and university students. Afterwards, these students will be provided employment opportunities based on their commitment and skills in the company. Fresh graduates will be beneficial to our company because they are quick to learn and are innovative. Besides hiring our interns, the company will target to poach skilled employees from our competitors. These employees will bring to our company new ideas of doing business offering Lifestyle Architects a competitive edge over rival companies in the real estate sector. Q.2 The human resource manager using a competency model will test the performance management systems at Lifestyle Architects. The competency model is vital in articulating knowledge, behaviours and skills valuable for achieving the organisational objectives. In this regard, competency models will be used to assess our employees by utilising job analysis methods. These will include observing employees in their workplaces and interviewing employees before offering them jobs. Additionally, we will...
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...Business plan models Name: Institution: Class: Instructor: Date: Question 1 Business plan models are very crucial in any business organization. This is because they help the entrepreneur to outline what it is required to have a successful business. Here we discuss four different business plan models in the food industry. Each business plan model is different and designed to suit the type of business that one needs to start. The four business plan models that I am going to review are catering and ballroom rental business plan, catering business plan, non- profit food bank business plan and bakery business plan. These four business plan models are similar but they differ in different ways to suite the targeted market. One of the things that is evident in the four models is that they are all aimed at making profit. This is because the main aim to start any business is for the profits. The other thing that is similar in the four plans is that they all aim at acquiring the largest market share in the industry. This is done by implementing ways and means of attracting and retaining customers that will enable them to achieve the largest market share. The other thing that is similar in the four business models is the cultures and the policies adopted i.e. to offer the best customer service. The other thing that is similar is the business strengths, weaknesses, opportunities and threats (Osterwalder & Pigneur, 2013). One of the strengths is that the four models that are in the food...
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...Thanks for downloading this business plan template from Bplans.com This template is a simplified version of an outline created with Business Plan Pro, the best selling business planning software. A template is a good way to get started, but as you know, you can’t just type in your details, print it, and turn it in to the bank. Every business is unique, and every business plan should be, too. Business Plan Pro can help. With Business Plan Pro, you can easily create a custom business plan, with all the financial tables and graphs to go with it. You’ll also be able to: • View and edit over 500 complete sample business plans • Save time with linked financial tables (the formulas are built in, so you don’t have to do the calculations!) • Benefit from tons of help, advice, and resources • Present your plan with confidence, with automatic charts and graphs corresponding to your financial data Click here and claim your $20 credit for Business Plan Pro today! [pic] Cover Page INSTRUCTIONS: The Cover Page should include the following: plan name, company name, company address, company phone and fax, an email address and possibly a revision number or copy number. Type your Cover Page text here. [pic] Legal Page Confidentiality Agreement The undersigned reader acknowledges that the information provided by Yumekco Little-Singletary in this business plan is confidential; therefore, reader agrees not to disclose...
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...AGENDA BUSINESS PLANNING 1. PLANNING FOR A MEETING, TRADE SHOW, EVENT 2. 1 PAGE BIZ SUMMARY-challenging exercise to narrow the scope of the business idea and summarize 3. SNAPSHOT OF A BUSINESS PLAN-details of the sections of a table of contents sections 4. Outline Table of Contents 5. 11-1 TO 11-11 SUM helps research and develop information to complete in chart formats the key information for your written business plan; some charts may be used in your full plan and in your presentation 6. WEB SITE RESOURCES help with information and samples on business plans |EVENT/TRADE SHOW/ MEETING PLAN | | | |DATE: | |NAME: | |LOCATION: ...
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...Trend Setters Hair Studio Hair and Beauty Salon Business Plan PAGE Start your own business plan » (/create_your_business_plan.php?link=create_top-b) BLACK FRIDAY SALE: Save 62% on the #1 Business Planning Software Sign Up Now (http://www.liveplan.com/?pm=LIVEPLAN12MONTH_62AB) 1 (executive_summary_fc.php) « PREVIOUS PAGE () NEXT PAGE » (COMPANY_SUMMARY_FC.PHP) 2 (company_summary_fc.php) 3 (products_and_services_fc.php) 4 (strategy_and_implementation_summary_fc.php) 5 (management_summary_fc.php) 6 (financial_plan_fc.php) 7 (appendix_fc.php) Executive Summary Trend Setters is a full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing an enjoyable atmosphere at an acceptable price/value relationship. We will also maintain a friendly, fair, and creative work environment, which respects diversity, ideas, and hard work. Our Mission: To supply services and products that enhance our clients' physical appearance and mental relaxation. Our Motto: "The Trend Begins Here!" The timing is right for starting this new venture. Patiently searching for six months for the perfect location, one was finally found. The demand from the owner's clients, as well as the ambitions of the owner to one day start her own salon, and the procurement of highly professional and qualified beauticians to support the salon, has made this business one of great potential. Curley Comb, co-owner with Roller Comb, Jr...
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...N. Williams Business Plan Case Study MGT/300 Marilyn Pike December 12, 2011 In business having a written plan is the key to the success of the business. When an individual is able to provide a proposal for the business it shows investor that they are serious about the business. The business plan will speak for the individual far better than they would be able to verbally. Kurt and John are individuals that want to launch a magazine in Eastern Europe. The business idea is a sound idea however Kurt and John are unsure if the current business plan that they have will spark the interest of any investors. Kurt and John are looking for some assistance with the business plan how they can improve the one that they currently have. Business Plan Outline When creating a business plan there a number of things that need to be included in the business plan to insure the success of business. The first thing that needs to be included is the executive summary. The summary will be an overview of the intents of the business. The executive summary basically is a short version of the business proposal. The executive summary should be informative; generally when investors look at a business plan the first thing that is read is the executive summary. Investor normally can tell from the summary if they are interested in the business. In the Kurt and John Bauer case they would need to include how they want to launch a business in Eastern Europe and the different strategies plans for an international...
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...Pull together an effective business plan | | If your business is all in your head, it's hard to convince lenders, investors and shareholders that you have a credible company and that you'll use their funding well. And that's precisely where a business plan comes in. This highly recognized management tool is basically a written document that describes who you are, what you plan to achieve, how you plan to overcome the risks involved and provide the returns anticipated. Often people think of business plans are limited to starting up new companies or applying for business loans. However, they are also essential to running a business with a clear, well-documented plan. Make it thorough but keep it simple Many entrepreneurs may see putting a business plan together as a daunting task involving hundreds of pages. However, in reality, it should be a concise and structured document that gives readers everything they need to assess your company's project. There's no one guaranteed formula for writing an effective business plan. However, in general you have to show that you're committed to your venture and that you have the expertise, skills and self-confidence necessary to make it all happen. Here's the core content that you should consider. Your business proposal. Include a description of exactly what you're proposing. Ask yourself: who your customer is, what business are you in exactly, what do you sell, and what are your plans for growth? Your unique selling point. Address how your...
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...Business planning is essential for the success of any business. A business plan provides direction, keeps you on track and is usually a requirement when you seek finance. Read Why do I need a business plan to find out how writing a business plan can assist your business. Once you've read Before starting a business plan and conducted research into the feasibility of your new business you're ready to write your plan. We have a number of free templates and downloads to help you get started. This section is based on our free business template and guide and steps through the various areas and information you need to include in your business plan. Your business plan may vary from this depending on the type and structure of your business. Tips when writing your business plan When writing your business plan and before you start using it, consider the following: Do your research - You will need to make quite a few decisions about your business including structure, marketing strategies and finances before you can complete your plan. By having the right information to hand you also can be more accurate in your forecasts and analysis. Determine who the plan is for - Does it have more than one purpose? Will it be used internally or will third parties be involved? Deciding the purpose of the plan can help you target your answers. If third parties are involved, what are they interested in? Although don't assume they are just interested in the finance part of your business. They will...
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...course is designed to help students develop effective written implementation plans for new business ventures. It deals with the critical decisions and actions that entrepreneurs must make in both planning and executing new ventures. Prerequisites: None. Corequisites: None. Other Requirements: Graduate Standing. Primary Learning Outcomes Global Goal. To identify and manage the activity sequences in executing plans for new ventures. Instructional Objectives. Primary learning outcomes are: • Ability to identify, schedule, and execute the activities needed to create a new business • Skill at assembling the human, material, financial, and other resources needed for venture initiation • Capacity to engage in experiential learning and adaptation throughout the venture initiation process • Competence in working well with others, such as peers, team members, and advisors Course Materials Required Materials: Barringer, B. (2009). Preparing effective business plans: An entrepreneurial approach. Upper Saddle River, NJ: Pearson Education. Subscription to the Wall Street Journal “PERT.” http://www.netmba.com/operations/project/pert/ Detailed instructions and learning aids, available on Blackboard. Grading Activity Points Team Activities: 500 Feasibility Analysis 50 Business Plan 50 Implementation Plan 50 Strategic Plan 50 Investor Business Plan 50 Investor Presentation 50 Individual Contribution 200 Individual...
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...“Entrepreneurship and Starting a Small Business” Brian Thompson Everest College Phoenix Online MAN 1030 Introduction to Business Professor Mary Ritter 12/08/2012 Abstract In this paper I will be discussing what contributes it takes to become a successful business owner. I will be going over the characteristics of being a small business owner. I will also be discussing how to go about creating a business plan. In discussing the business plan, I will be giving the purpose of each component. “Entrepreneurship and Starting a Small Business” Eric has already created two successful businesses and is looking to start another. He already has the characteristics of a successful entrepreneur. He is self-directed, committed and willing to work hard. He already has experience in owning a small business and knows what it takes to make a small business successful. Eric seems to have beaten the odds already. What do you think Eric would tell you about success (or failure) and how to learn to be a successful small business owner? There are several characteristics to become an entrepreneur and start a small business and the one is being self-directed. You have to be comfortable being your own boss because you alone will be responsible for its success. Second, you have to believe in yourself when nobody else does, which is being self-nurturing. You also have to be committed and highly energetic by being able to emotionally, mentally and physically work hard, but mostly long...
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