Friday, August 8, 2014

5 Things a Startup Business Plan Must Have – GEC Business Review

by kelvin Wong

Whether you are seeking for a bank loan, private investor or just intend to expand your business with your current resources, business plan is indeed a great tool to begin with. Business plan is actually an essential framework for a business success, enabling everyone in the business departments to clearly understand each strategy and direction of each business function.

As you begin to formulate your very own business plan, there are basically FIVE key elements that can help make your plan a formula for success.

Business Objectives
Your business objectives backed by targeted numbers will help steer your ship. List out some solid and realistic goals to keep your business headed towards the right direction.

Products Mix
In marketing terms, a product is anything that can be offered to your target customers, satisfying their wants or needs. Thinking about your range of products not only to serve current situation but in the medium and long term that can help make your company more versatile, be better able to endure stiff competition.

Market Analysis
Identifying the SWOT (Strengths, Weaknesses, Opportunities & Threats) of your competitive environment, and understanding the growth potential of the industry will give you a heads up.

Marketing Plan
Marketing is an extreme important component, because one aspect of a marketing plan affects all of the other business functions and activities, thus coordinating major route to achieving your ultimate organizational goals.

Financials
The financial components will definitely offer more insights for a business complexity as you could ever expect, a full set profit and loss statement may not really necessary for a start-up, however, a bare minimum will suffice include start-up costs projection, profit & loss for first year, payback period and a break-even analysis.


6 comments:

Unknown said...

Fides Invest AG bietet Leasing ohne Bank. Ist Ihr Kredit-Rating ist nicht über jeden Zweifel erhaben? Wenn Ihr Budget es zulässt, können Sie ein Auto bei uns leasen.
Leasing ohne Bank

Highway said...

Autobelehnung.ch bietet Bargeld. Autobelehnung in wenigen Minuten! Autopfand mit weiterfahrt , auto verkaufen, auto ankauf, autoleasing Kredit ohne Bank

Anonymous said...

Every week-end I used to pay a fast visit this site, because I’d like enjoyment, because this web site conations certainly fussy material.Hugh

Unknown said...

ZHUO20160815
ralph lauren outlet
louis vuitton factory outlet
moncler outlet
christian louboutin
stephen curry shoes
michael kors outlet
coach outlet
birkenstocks
ugg outlet
instyler max
ugg outlet online
ugg outlet
cheap uggs
louboutin
hollister sale
tiffany and co jewelry
ecco shoes
adidas supercolor
christian louboutin outlet
louis vuitton bags
cheap oakley sunglasses
nike free flyknit 4.0
birkenstocks
converse shoes
coach outlet online
cheap jordans
birkenstock sandals
true religion jeans
cheap mlb jerseys
michael kors outlet
coach outlet online
michael kors outlet
michael kors outlet clearance
as

John said...

fitflop
coach factory outlet
oakley sunglasses on sale
adidas trainers
cheap oakley sunglasses
nike roshe shoes
michael kors outlet
mont blanc pen
nike store
air max 90
20170517yuanyuan

chenmeinv0 said...

asics shoes
nike shoes
rolex watches
oakley
louis vuitton outlet
ugg boots
pandora jewelry
adidas nmd
toms shoes
lebron james shoes
20175.22chenjinyan

Related Posts Plugin for WordPress, Blogger...