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Parth Business Plan.docx

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  Sample Draf copy o Master Parth Mehrotra’s Entrepreneurship Project NOT THE FINAL COPY What is a Business Plan ? A business plan is a written description of your business's future. That's all there is to it--a document that describes 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.usiness plans can help perform a number of tasks for those who write and read them. They're used by investment-seeking entrepreneurs to convey their vision to potential investors. They may also be used by firms that are trying to attract key employees, prospect for new business, deal with suppliers or simply to understand how to manage their companies better. Simply stated, a business plan conveys your business goals, the strategiesyou'll use to meet them, potenal problems that may confront your business and ways to solve them, the organizaonal structure of your business (including tles and responsibilies), and nally, the amount of capital required to nance your venture and eep it going unl it breaseven! 1  Sample Draf copy o Master Parth Mehrotra’s Entrepreneurship Project NOT THE FINAL COPY A good business plan follows generally accepted guidelines for both form and content. There are three primary parts to a business plan!  The first is the business concept  , where you discuss the industry, your business structure, your particular product or service, and how you plan to make your business a success.  The second is the marketplace section , in which you describe and analyse potential customers! who and where they are, what makes them buy and so on. ere, you also describe the competition and how you'll position yourself to beat it.  Finally, the  financial section  contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may re#uire help from your accountant and a good spreadsheet software program.reaking these three major sections down even further, a business plan consists of seven key components!$.%&ecutive summary.usiness description(.)arket strategies*.+ompetitive analysis.esign and development plan./perations and management plan0.1inancial factors 2  Sample Draf copy o Master Parth Mehrotra’s Entrepreneurship Project NOT THE FINAL COPY 3  Sample Draf copy o Master Parth Mehrotra’s Entrepreneurship Project NOT THE FINAL COPY In addition to these sections, a business plan should also have a cover, title page and table of contents. 4
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