We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Basic Business Plan Outline Template Essay Sample

essay
The whole doc is available only for registered users OPEN DOC

Get Full Essay

Get access to this section to get all the help you need with your essay and educational goals.

Get Access

Basic Business Plan Outline Template Essay Sample

CUSTOMERS

In this section write a clear description of your target market and include their needs and wants. Your product or service should offer a solution to the target market or provide a benefit to your customer.

  1. Who are the customers? (Individuals – age, gender, socio-economic characteristics, etc..; Corporations – size, industry, etc…)
  2. What do the customers need or want?
  3. Where are the customers?
  4.  How does product or service satisfy customer needs?

COMPETITION

This section identifies competitors providing the same or similar solution to your target market. For each competitor, you should define strengths and weaknesses and in conclusion define how you will position your business in the market with the established firms. Do not assume that you have NO competitors. Somehow, someway your target market is using a product or service that meets the need you aim to satisfy.

  1. Where do potential customers currently buy the product or service you offer?
  2. Who else offers the product or service you offer?
  3. What are the strengths and weaknesses of your competitors?
  4. How will your business be positioned with the competitors?

ADVERTISING AND PROMOTION

In this section, you should define how you will get your product or services to your target market. This includes marketing avenues – advertising, promotions, public relations – and distribution channels.

  1. How will you reach customers?
  2. How do your target customers make buying decisions?
  3. Where do target customers shop for products or services?
  4. How will you incorporate a variety of marketing efforts? (Trade shows, advertisements, direct mail, directories, phone books, internet, periodicals, coop advertising, marketing/sales representatives, etc…)
  5. How will you measure the success of advertising and promotion efforts?

LOCATION

  1. Where is your business located? (home-based; retail; commercial, etc….)
  2. Is the location of your business important?
  3. Does your business require special zoning, land or building improvements to accommodate your operation?
  4. If location is important, what are the features of your location?

SUPPLIERS / SOURCE OF MATERIALS / SUBCONTRACTORS

If you are producing a product or if you depend on subcontractors to deliver a service, you should know how to contact these sources. In this section you will list your critical suppliers and subcontractors.

  1. What materials or services are required to complete production?
  2. Where do you get your raw materials?
  3. Will you rely on subcontractors to complete a project? If so, who and in what function?
  4. How do you find potential suppliers or subcontractors?

MANAGEMENT

It is important to know what resources you have in-house to support business development and growth and what resources you will need to find. In this section you should demonstrate that your management team has technical abilities, marketing abilities and business acumen to succeed. In addition, identify directors and advisors who you will consult with.

  1. What background does the management team have? (Industry and management experience)
  2. What is the make-up of the board of directors or advisors?
  3. What key staff/management positions need to be filled?
  4. How many employees to start?
  5. Accountant
  6. Attorney
  7. Banker
  8. Insurance agent
  9. Consultants

FINANCIAL PLAN

This section should include past financials and future projections based on sound and reasonable assumptions. If the business plan is being presented for financing, the source and use of funds should be defined here.

  1. How much capital is needed to start or expand the business?
  2. How much capital can be raised by owners?
  3. How much additional capital is needed?
  4. What is the capital needed for?
  5. Historical financial statements
  6. Financial projections

[pdf-embedder url=”https://primetimeessay.com/wp-content/uploads/2018/05/Basic-Business-Plan-Outline-Template.pdf” title=”Basic Business Plan Outline Template”]

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

Peculiarities of various assignment types

The educational process is diverse and full of interesting writing tasks which help students develop their academic abilities. Different assignments types are created by professionals in order to enhance students’ level of analytical, critical and writing skills and to vary the learning process. As a student, you will encounter numerous tasks of diverse complexities throughout your student life. Sometimes, maybe, too complicated! They have different peculiarities, structural...

Making decisions in health and social care

Critically analyses the concepts, features, and importance of costs and accounting in making decisions in health and social care Cost accounting is a method used in accounting to capture a company’s or organisation’s production costs. It assesses the input costs of every step in production, fixed costs like depreciation of capital equipment. Cost accounting measures and records costs individually then compare the input results via...

Сhildren development

Physical development 7-12 years By the age of 7 a child enjoys things such as bike riding and rollerblading they are now able to tie and untie shoelaces without adult help, they are now starting to understand what rules are and are able to follow simple rules. At 8-12 years a child improves the physical skills that they have already developed and start to see...

Forex international trading market

Introduction Forex exchange is on the rise in Namibia; resulting in more people wanting to learn how to trade to try to increase their income so that they can enhance their standard of living. Forex Foreign exchange identifies the process of converting domestic currency into international banknotes at particular exchange rates (Bofah, 2017, para.1). As the number of foreigners in Namibia is increasing, more Namibians...

Aristotelian idea of God

This image produced in 1544 shows emerging's of the Judeo-Christians and Aristotelian's traditions. Aristotle was very interested in the idea of motion and said “The world is in a constant state of motion and change”. An example of how the world is changing is the growth of trees and plants. Aristotle believed in a prime mover, which is the being which creates change in the...

Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member