In brief, it focuses on the proposed strategy to beat the competition.12.
c) Finally, the financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. The nature and type of deployment of the key personnel and in case of specialized needs who would support the key business proposition.5.
This part may require help from accountant and a good spreadsheet software program. Business rationale – why the proposal is different: A statement of business rationale establishing how and why the proposal is different than other businesses of the same nature in the prevailing industry.
Base all of your observations on reliable data and be sure to footnote sources of information as appropriate.3.
Method of operation: When describing your business, the first thing you need to concentrate on is its structure, i.e., wholesale, retail, food service, manufacturing or service oriented.
A business plan is essentially a written description of a business’s future.
It provides an in depth report on the environment in which the company functions, what the company plans to do in the near future and predictions on its performance.
Type of business and services offered: Once you’ve described the business, you need to describe the products or services you intended to market.
The product description statement should be computed enough to give the reader a clean idea of your identification.
Financial requirements: Clearly state the capital needed to start the business and to expand.
It should detail how the capital will be used, and the equity, if any, that will be provided for funding.