Business Plan Definition . A business plan lays out a written plan from a marketing, financial and operational viewpoint. Sometimes, a business plan is prepared for an established business that is moving in a new direction. A Definition of Business Strategy. The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. BREAKING DOWN 'Business Plan'. A business plan is a fundamental tool that any startup business needs to have in place prior to beginning its operations. Usually, banks and venture capital firms make the existence of a viable business plan a prerequisite to the investment of funds in a business. A good business plan starts with an executive summary of the business; includes a detailed description of the business, its services and/or products; and states how the business intends to achieve its goals. It should also provide at least an overview of the industry of which the business will be a part, and how it will distinguish itself from its potential competitors. Financial Projections. A complete business plan must also include a set of financial projections for the business. DICTIONARY OF BUSINESS CONTINUITY MANAGEMENT TERMS. Terms in this glossary which are also defined in GPG2010 and/or BS25999 generally use the same definition as. Definition of the term business plan, why every start-up needs one, and business plan resources for small business owners. These forward- looking projected financial statements are often called pro- forma financial statements or simply the . In a business plan, a business owner projects revenues and expenses for a certain period of time, and describes operational activity and costs related to the business. Practical Considerations. The idea behind putting together a business plan is to enable owners to have a more defined picture of potential costs and drawbacks to certain business decisions and to help them modify their structures accordingly before implementing these ideas. It also allows owners to project what type of financing will be required to get the businesses up and running. The length of the business plan will vary greatly from business- to- business, but in general, all of the required information should fit into a 1. If there are crucial elements of the business plan that take up a lot of space, such as applications for patents, they should be referenced in the main plan and included as appendices. If there are any especially interesting aspects of the business, they should be highlighted, and used to attract financing. For example, Tesla Motors Inc.'s electric car business essentially began as only a business plan. A business plan is not meant to be a static document. As the business grows and evolves, so should its business plan. An annual review of the plan allows an entrepreneur to update it when taking evolving involving markets into consideration, and it also provides an opportunity to look back and see what has been achieved and what has not. SAMPLE STRATEGIC BUSINESS PLAN Pipedream.com An Internet Sports Entertainment Portal This document was written by: eStrategyPartners.com 'Business Solutions for eCommerce' The 'Digital Coast's' leading ebusiness consulting. A business plan is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation. Business plans are an important part of creating new. The company published its most recent business plan in 2014 and distributed it to a group of potential investors and other interested parties. The most important part of a business plan is the Marketing Plan. To keep one’s business on course this plan must be geared toward the business’s mission—its product and service lines, its markets, its financial situation.
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