Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,324 members, 7,954,311 topics. Date: Friday, 20 September 2024 at 04:26 PM |
Nairaland Forum / Nairaland / General / Business / How To Write A Business Plan (32217 Views)
How To Write A Winning Business Plan. / How To Write A Business Plan / How To Write A Business Plan For A New Business? - Marvejohndaily.com (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
How To Write A Business Plan by Merlissa(f): 10:27am On Oct 07, 2015 |
What is a business plan? A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan. Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get everything down on paper. The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn't include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in. Executive Summary Within the overall outline of the business plan, the executive summary will follow the title page. The summary should tell the reader what you want. This is very important. All too often, what the business owner desires is buried on page eight. Clearly state what you're asking for in the summary. Business Description The business description usually begins with a short description of the industry. When describing the industry, discuss the present outlook as well as future possibilities. You should also provide information on all the various markets within the industry, including any new products or developments that will benefit or adversely affect your business. Market Strategies Market strategies are the result of a meticulous market analysis. A market analysis forces the entrepreneur to become familiar with all aspects of the market so that the target market can be defined and the company can be positioned in order to garner its share of sales. Competitive Analysis The purpose of the competitive analysis is to determine the strengths and weaknesses of the competitors within your market, strategies that will provide you with a distinct advantage, the barriers that can be developed in order to prevent competition from entering your market, and any weaknesses that can be exploited within the product development cycle. Design & Development Plan The purpose of the design and development plan section is to provide investors with a description of the product's design, chart its development within the context of production, marketing and the company itself, and create a development budget that will enable the company to reach its goals. Operations & Management Plan The operations and management plan is designed to describe just how the business functions on a continuing basis. The operations plan will highlight the logistics of the organization such as the various responsibilities of the management team, the tasks assigned to each division within the company, and capital and expense requirements related to the operations of the business. Financial Factors Financial data is always at the back of the business plan, but that doesn't mean it's any less important than up-front material such as the business concept and the management team. Source: www,facebook.com/tequila.nigeria 60 Likes 21 Shares |
Re: How To Write A Business Plan by pryd(m): 10:39am On Oct 07, 2015 |
Brilliant piece, precise as well. Thanks for sharing. |
Re: How To Write A Business Plan by Merlissa(f): 11:20am On Oct 07, 2015 |
2 Likes |
Re: How To Write A Business Plan by Topman0001(m): 9:21pm On Oct 12, 2015 |
This came at the right time- just when i needed it. KUDOS 2 Likes |
Re: How To Write A Business Plan by damton(m): 2:10pm On Oct 13, 2015 |
This is a well articulated write up. remarkable. 1 Like 2 Shares |
Re: How To Write A Business Plan by Nobody: 2:10pm On Oct 13, 2015 |
great |
Re: How To Write A Business Plan by Nobody: 2:11pm On Oct 13, 2015 |
k cool |
Re: How To Write A Business Plan by emmanuel596(m): 2:11pm On Oct 13, 2015 |
Ok |
Re: How To Write A Business Plan by dave2meek(m): 2:11pm On Oct 13, 2015 |
Nice |
Re: How To Write A Business Plan by Lincoln275(m): 2:11pm On Oct 13, 2015 |
Nice one |
Re: How To Write A Business Plan by Leyemoshood: 2:11pm On Oct 13, 2015 |
lovely write up in other news,order your football jerseys https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/0 |
Re: How To Write A Business Plan by ayo4dworld(m): 2:11pm On Oct 13, 2015 |
Nice piece |
Re: How To Write A Business Plan by lonelydora: 2:11pm On Oct 13, 2015 |
Ok |
Re: How To Write A Business Plan by ebubey(f): 2:12pm On Oct 13, 2015 |
wow |
Re: How To Write A Business Plan by jamex93(m): 2:13pm On Oct 13, 2015 |
na s0! |
Re: How To Write A Business Plan by Nobody: 2:13pm On Oct 13, 2015 |
Merlissa: The kind of Nigerians we are looking for. God bless you. 7 Likes |
Re: How To Write A Business Plan by DonXavi(m): 2:13pm On Oct 13, 2015 |
t |
Re: How To Write A Business Plan by omaniblog(m): 2:14pm On Oct 13, 2015 |
nice |
Re: How To Write A Business Plan by jamoscofield(m): 2:15pm On Oct 13, 2015 |
how this one wan take increase my chance of winning NairaBet..? huh? 1 Like |
Re: How To Write A Business Plan by sharisto(m): 2:16pm On Oct 13, 2015 |
I see...... |
Re: How To Write A Business Plan by Jarchi(m): 2:16pm On Oct 13, 2015 |
The way to go,we only need the right enviroment which is d duty of our government not government jobs. |
Re: How To Write A Business Plan by emmabest2000(m): 2:17pm On Oct 13, 2015 |
Business plans ... 5 Likes
|
Re: How To Write A Business Plan by sharisto(m): 2:17pm On Oct 13, 2015 |
4 sure FP thingz....... |
Re: How To Write A Business Plan by Nobody: 2:17pm On Oct 13, 2015 |
Wahooo!dis thread is for me only!well written. 1 Like |
Re: How To Write A Business Plan by sharisto(m): 2:17pm On Oct 13, 2015 |
4 sure FP thingz.......Wat my name.....SHARISTO |
Re: How To Write A Business Plan by shegelu: 2:18pm On Oct 13, 2015 |
Cool. |
Re: How To Write A Business Plan by sharisto(m): 2:19pm On Oct 13, 2015 |
so u neva 1 get sense.....u still dey waste money right......receive sense deir. |
Re: How To Write A Business Plan by sammoe(m): 2:20pm On Oct 13, 2015 |
Good |
Re: How To Write A Business Plan by sharisto(m): 2:20pm On Oct 13, 2015 |
jamoscofield:receive sense.....u still dey waste money. 1 Like |
Re: How To Write A Business Plan by MrPristine: 2:20pm On Oct 13, 2015 |
Nice summary but a thorough business plan needs a lot more details than the summary suggests. 3 Likes 1 Share |
Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense / Folorunso Alakija Celebrates Her 67th Birthday Today (Photos) / Tricks Some Tomatoes Sellers Use To Defraud Their Customers (video/pictures)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36 |