The investment will help the company begin and continue operations until the company becomes self-sustaining. Management Team Mickey Jordan, Partner Mickey Jordan has more than ten years in the food and restaurant industry and serves as the head chef of a five-star restaurant.
In order to put your business concept on paper, you need to think through and research the many factors that are needed to make sure your business is a success.
With a plan, not only can you spot potential weaknesses, opportunities, and threats, your plan can help you make informed decisions about your venture before you commit yourself legally or financially. Executive summary Your executive summary should be 1—2 pages long, and provide an overview of your business concept, key objectives of your business and your plan, ownership structure, management team, your product or service offering, target market scompetitive advantages, marketing strategy, and a summary of your financial projections.
Products and Services Expand upon your products and services, including features and benefits, competitive advantages, and, if marketing a product, how and where your products will be produced. Discuss product or service pricing and promotion, including how your promotional programs will appeal to each of your target market segments.
Provide a plan of traditional and guerrilla marketing tactics, such as tradeshows, press-magnet events, social media marketing e. Include the cost associated with each tactic. Describe how your products or services will be sold e.
Operations Plan Provide a profile of your management team, your human resources plan, your business location s and facilities, your production plan if selling a productand an overview of day-to-day operations.
Summarize each statement into a few easy-to-understand sentences and put these in a cover page for the statements. Be sure to document all of the assumptions you used in forecasting your revenues and expenses.
Business Plan Resources Here are some resources to help you with your business plan:Professional Services Photography Studio Sample Business Plan. Starting up your photography studio will need a proper business plan and this sample will provide the guidelines.
Your implementation plan is the section of your greater business plan, where you’ll clarify objectives, assign tasks with deadlines, and chart your progress toward reaching goals and milestones that'll signal the growth of your business.
A business concept paper is a fairly brief document detailing the basic concept behind your business.
But it should be detailed enough to include what problem your product or service solves, as well as your target demographic and how you plan to market to them in a way that sets you apart. Since this section of the business plan on developing your business concept and positioning your value proposition follows the executive summary and company history, readers should already have a general idea of what your company does, who it's for, and what your long-term goals are for the business.
Turnitin provides instructors with the tools to prevent plagiarism, engage students in the writing process, and provide personalized feedback.
Free business planning and marketing tips, samples, examples and tools - how to write a business plan, techniques for writing a marketing strategy, strategic business plans and sales plans.