can some person smart help??????????????

Question

what is a business plan???????????????/

Answer 1

A business plan is simply a written course of action for a business (existing or new). Obviously most businesses have a vision: what they are about and what they want to do. The business plan is a list of "how"s.

If you're writing a business plan to say start up a business, you'll obviously need to include the vision so you can stir investor or lender emotions. But the key elements will be things like how much will you charge for things (items or services), approximate costs (materials needed to accomplish the transaction), time expected for a Return on Investment (ROI) and various other "how am I going to succeed and how much do I need to succeed (time and money)".

Fictional example:
Business plan for pet rock
1. Obtain specialized rocks from specialized quarry
1a. Cost for Rocks are $xx.xx
1b. Sell Rocks for $yyy.yy
1c. Profit margin will be ($yyy.yy -Overhead costs - $xx.xx = profit margin)
2. Create elaborate packaging including fictitious pet licence.
3. Place adds in magazines, newspaper, internet, maybe TV.
4. Distibution center is located (address) which is ideal because blah blah blah.
5. I will need $zzzzz.zz so I can do all this.
6. I will be able to pay back $zzzzz.zz in (this many) years and from then on make more money.
7. Expansion plan may come in 5 years to include wood.

This was totally made up and no where near complete; but you can get an idea of some of the details you should include in a business plan. A business plan is usually used to draw in investors or lenders. It gives them a clear picture of what you want to do and how you're going to do it. The business plan shows you've thought of everything. So the more details (especially if you list possible obstacles and how you plan to overcome them) the better you business plan seems.

Ultimately, it also become like a "to-do" list for yourslef as well.

Answer 2

A business plan is a formal document that would contain:
-what the business is
-how you plan on making money
-a forecast of your first few years until you can break even
-how much money you will need to start the business
-possibly how you plan on marketing yourself
-any other information that would pertain to starting a business a securing the funding needed

Business plans often go to the bank and to the town/state government so you can get approval for a loan, and approval for whatever certificates you may need to build or whatever in the town/state

Answer 3

A business plan is a written statement about how a company will be organized, how it will be run, and what goals the business intends to pursue and (hopefully) achieve. Plans are composed for a variety of reasons - sometimes simply to provide a lasting "road map" for the directors, management and employees of the company, and other times to offer a concise "autobiography" of the company for banks, venture capital firms or other potential investors. If I'm a potential investor, I want to know exactly what the company intends to do with my money, so I'll have a sense of the potential that the company will succeed and return a profit on my investment.

Answer 4

Simply a plan for your business. Start with the basic concept of what you want to do. (the mission statement) Then in the next section, go through the details. i.e. What you plan to do, where you plan to do it, who you plan to do it for) Include your market research in this section. Following sections should list the cost of your overheads and your pricing strategy. After that, put in any details of importance that have not already been covered. Lastly you should have at least 2 years cash flow forecast and 2 years profit/loss forecast. (as a spread sheet)
Hope this helps.

Answer 5

A detailed account of the purpose of your business! How much money you'll need to start it, how much profit you'll incur over a period of time. Why it'll be prosperous in the market you choose and so forth and so on!

Answer 6

It is a written document that identifies a business, its objectives, strategies, market and financial forecast.

Answer 7

you can find examples of business plans and other business documents at http://www.microsoft.com, under the downloads section. Find one, and you can see what is included, and modify it for your own use.