Rashedul alam

Business

business plan

Structure and model of a business plan

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The purpose of this article is to assist in the elaboration of a business plan . In it we present a typical structure and a model of a business plan that you can use as a base or reference to developing you.business plan

To know how to make a business plan you can also review our article: how to make a business plan step by step, which deepens the development of each of the parts of the structure and served as a guide for the development of the planning model of business.

Structure of a business plan

For the preparation of a business plan there is no standard structure or format that is used for all plans equally, but one must adopt the structure that best creates according to its type of business and the needs or objectives of its Plan, either to serve as an implementation guide, to know the viability of a business, to obtain financing, etc.

For example, if the main objective of a business plan is to obtain a loan, the plan should have well-founded arguments and sufficient information to convince the viability of the project and that one will be able to repay the debt in a timely manner, Although it may overlook some parts of the market study or technical study to give more emphasis to financial study.

                Read also:https:different-types-of-business

A structure commonly used in the development of a business plan is composed of the following parts:

  1. Executive Summary.
  2. Definition of business.
  3. Market study.
  4. Technical study.
  5. Organization of the business.
  6. Investment study.
  7. Study of income and expenses.
  8. Financial study.

Below is a brief explanation of each of these parts, as well as the elements that make them up:

1. Executive Summary

The executive summary is a summary of the other parts that make up the business plan, so despite going to the beginning of the plan, it must be developed after the other parties have completed.

         Read also:https:10-rules-to-make-a-good-business-plan

An executive summary usually includes the following elements:

  • The basic data of the business: the name of the business to be carried out, its location, its type of company.
  • The description of the business: a brief description of the business to be performed and/or the product or service to be offered.
  • The differentiating characteristics: the innovative characteristics that will count the business, product or service, and that will allow one to differentiate itself from the competition.
  • Competitive advantages: the aspects in which it is going to have a sustainable advantage before the other competitors.
  • Vision and mission : vision statements and business mission.
  • The idea of the need or opportunity of the business: the reasons that justify the proposal or choice of business.
  • Business objectives: the objectives that will be pursued once the business is launched.
  • Business strategies: the strategies that will be used to achieve the objectives.
  • The executive team: the people who will be in charge of starting and then managing the business.
  • The investment required: the investment that will be necessary to start up the business and make it work during the first productive cycle.
  • The expected profitability: the results of the profitability indicators used.
  • Environmental impact: a summary of the environmental impact of the business.
  • The conclusions of the project: the conclusions reached after completing the development of the business plan.

An executive summary should effectively be a summary capable of showing in a single reading what the business plan consists of, which is why its development should not cover more than three pages.

2. Definition of business

The business definition describes the business to be carried out, as well as other aspects related to it, such as the reasons that justify its proposal, its objectives, and its strategies.

The definition of the business usually includes the following elements:

  • The basic data of the business: the name of the business to be carried out, its location, its type of a company etc.
  • The description of the business: the description of the business to be carried out and/or the product or service to be offered.
  • The differentiating characteristics: the innovative characteristics that will count the business, product or service, and that will allow one to differentiate itself from the competition.
  • Competitive advantages: the aspects in which it is going to have a sustainable advantage before the other competitors.
  • The target market: the market or target audience to which the business is to be run.
  • Vision and mission : vision statements and business mission.
  • The idea of the need or opportunity of the business: the reasons that justify the proposal or choice of business.
  • Business objectives: the objectives that will be pursued once the business is launched.
  • Business strategies: the strategies that will be used to achieve the objectives.

 

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Author: Jack726

Freelancer

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