Elements Of Business Plan

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1.1.1 Business Plan
Business plan is a proper statement of goals, achievable reasoning, and strategies to achieve them. It also includes historical review of organization and last but not the least team work to reach them.
The business plan is the basic step for starting a venture. So many businesses fail in initiation because of lack of appropriate plan (enterpenourship, 2010). By proper scrutinizing of the market along with the use of business acumen venture has a better chance of anticipating from every aspect and better insuring its success and the profitability of investment.
1.1.1.1 Elements of Business Plan
The most important components that are backbone of any venture to be successful are:
• Executive Summary.
• Company Description. …show more content…

Growth forecast, description of financial possibilities for the company.
5. What services will be provided?
6. Already existing capital from equity and information about finance related matters if we have a need of outside investor.
1.1.1.1.2 Company Description
Executive summary gives an outline tells about basics that what are the functions that a company will perform and accomplish its goals and then also that how he achieve its goals. The detailed information from every aspects comes in company description Here you can give more detail on the specific customers/clients you foresee, and competitive advantage of your company, and where your company is standing in the market.
1.1.1.1.3 Market Analysis
The Market investigation describes the technique effects on profession in your particular sector or industry. In this section there is a study of descriptions and analysis about market that either there is a market for our product or not. If they are giving services then first you target your customers and make segmentation and analysis the market. [3]
1.1.1.1.4 Organization and Management
In this section we will describe that what the structure of organization who is the owners is and what kinds of responsibilities of them. What are their jobs and duties as …show more content…

How will you expand your business if there is need like inception of new branch or new office etc. And also a planning for franchise. We will adopt the two marketing strategies like direct marketing and through social media.
1.1.1.1.7 Financial Position and Projection
Here there will be an integrated strategy to put market analysis and company overall goals on single path. To describe how the numbers match up and how they will finally lead to a profit. This section will spot light main point that how far business stands from reaching the breakeven point and when the venture will go profitable.
1.1.2 Business Model
A pathway that proves to be successful and helpful in making the venture more and more profitable it may include the expected sources of revenues, identification and focusing on customer and consumer base, products, and different ways of financing.
Business models are used shape the business, especially in an business environment, but they are to be used by the decision makers so that the problems are identified and solved on proactive basis. A business model in simple words is “how a business is going to earn from the market” It indicates
1.1.2.1 Elements of Business Model
Following steps are involved in making a strong business model, given below [4]

1. Identifying targeted

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