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Post Info TOPIC: Essential elements of small business plan:


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Essential elements of small business plan:
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Business plan is the first and basic step on the path to success. Small business plan helps the owners to monitor strength and weakness of their business. It is the written description of a business future. Writing a small business plan that leads the business to success is not easy without a good business plan structure. There are number of small business plan structures available online, which are useful in number of ways.
Mostly small business plan have the following essential elements:
EXECUTIVE SUMMARY: This section is an outline of business plan. The best length for an executive summary is one or two pages.
 Company & Industry: It contains concise information about the company
 Products & services
 Analysis of market: It contains information about the target market; the competitors and the potential customers
 Management
 Financial plan
 Funds required
COMPANY
 Company & Industry: It discusses the detailed outlook of the company, the present as well as future situation
 Legal Entity & Ownership: Contains detailed information about the owners
 History
 Facilities & Location: Product/service facilities that the company is providing and location which is suitable for starting the business according to services they are providing.
PRODUCTS AND SERVICES
 Description of product
 Features & benefits
  Competition
 Competitive advantages
 Development
MARKET ANALYSIS
 Target market
 Market size
 Market trends
 SWOT analysis: S-Strengths, W-Weaknesses, O-Opportunities, T-Threats
STRATEGY AND IMPLEMENTATIONS
 Philosophy
 Internet strategy
 Marketing strategy
 Sales strategy
 Operations
 Goals
MANAGEMENT
 Team
 Individual needs
 Advisors
FINANCIAL PLAN
 Requirements
 Use of funds
 Income statement information
 Cash flow statement
 Balance sheet
 Important assumptions
Writing business plan is not an easy job; above are essential elements that help most small business plan writers to construct a good and successful business plan which leads their business to success.

 

For more information, samples and tips on business plans writing, please visitBusiness Plan SMALL Business Plan

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