According to you which is more important to run the business successfully

Name of business,Location,Facility Description

Three or four top goals

Atleast one strategy to go with each goal.

A.Division of responsibility,authority of each person.

B.Organization chart

C.Historical development

D.General description of the business.

A. Relevant importance of various products

B. Comparison of competitor’s products

C. Current demand situation and the factors that affect demand

D. Product life cycle analysis

E. Plan for new products or services in future

A. Briefly describe what you will offer and why it is unique

B. Target market

C. Customer demand situation

D. Competitive situation

E. Sales and marketing.

A.Industry outlook overall

B.Industry size

C.Major factors that affect this industry

D.Market share analysis

E.Where and to whom products will be sold

ØPricing policy

ØMethod of selling

Ødistributing and servicing your products

ØAdvertising,Promotion,Public Relations

Explain how will you produce,process and deliver your product or services

Physical facilities-own or lease?

Is expansion possible?

Key suppliers

Manufacturing process

Background financial information

Resumes of principal

Sales brochures

Newspaper article about your business

Current customers list if any

Market research data

Photographs of your facilities

Customer feedback

A business plan should be______pages

Identify the non-traditional financing

Most of the entrepreneurs get excited about the business idea and carried away with an illusion that there will be huge demand for product and services.

Identify the pitfall

When the projects are not implemented in the proper time frame, the cost of the project is most likely to shoot up and make the whole project non-feasible.

Identify the pitfall

Sometimes supplier of raw materials, machineries, building owners etc. expect advance payment and if all these are not predicted in the cash plan then the project may run in trouble.

Identify the pitfall

Some entrepreneurs choose their ancestral property or home town or place near to home as a business location without paying attention to raw material availability, nearness to market etc.

Identify the pitfall

A business firm should not ignore the welfare of the society.

Policies and decisions of the business enterprise, should focus on values of the society.

Earning profit by honoring values of society.

How products/services which is being produced efficiently contributes to the economic well- being of the society.

What are the plans to protect the environment from pollution?

o Number of employees

o Type of labor (skilled, unskilled, and professional)

o Where and How will you find the night employees?

o Quality of existing staff

o Pay structure

o Training methods and requirements

Pricing Strategy

Communication Strategy

Sales Strategy

· Equity funding which is appropriate for the most startup businesses

· Debt appropriate for existing businesses with the financial track record and assets

· Non- traditional financing may be appropriate when customers or vendors are willing to participate in the business