Question

In: Operations Management

Describe the general rules of thumb for the length and appearance of a business plan.

Describe the general rules of thumb for the length and appearance of a business plan.

Solutions

Expert Solution

General rules of thumb for the length and appearance of a business plan:

1.The first is the business concept i.e.,product or service that will be provided,business structure,how you make your business success etc should be ruled out.

2.The second is market place section in which you describe and analyze potential customers: who and where they are, what makes them buy and so on. Here, you also describe the competition and how you'll position yourself to beat it.

3.The last one is financial section ,contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.

Overally if we divide the above 3 rules the points come out will be

  1. Executive summary
  2. Business description
  3. Market strategies
  4. Competitive analysis
  5. Design and development plan
  6. Operations and management plan
  7. Financial factors

keosha answered 10 months ago
Next > < Previous

Related Solutions

Summarize the rules of thumb that are likely to be followed today in enforcing the parts...
Summarize the rules of thumb that are likely to be followed today in enforcing the parts of the U.S. Antitrust Laws related to           a) price fixing, output limiting or market share fixing.           b) corporate mergers.           c) predatory pricing           d) refusals to deal
What is a Business Plan? Briefly describe the items in the Plan. Why Business Plan is...
What is a Business Plan? Briefly describe the items in the Plan. Why Business Plan is important?
What are "rules of thumb"? How could these be applied to preparing non-statistical sampling?
What are "rules of thumb"? How could these be applied to preparing non-statistical sampling?
what are the shortcomings of using only rules of thumb in making RE investment decisions?
what are the shortcomings of using only rules of thumb in making RE investment decisions?
The Law’s Main Mission “Preserve the Social Peace” (In the Business Filed) The Contract’s General Rules                        &
The Law’s Main Mission “Preserve the Social Peace” (In the Business Filed) The Contract’s General Rules                                                  Introduction (1.1) The law depends on the contract to balance the conflicting interests, as its one of the fundamental legal procedures for maintaining social peace. The Body (3.2) Starting from forming the contract, implementing the contractual terms (Breaching the contract), till verifying the validity of the contract there are several facts show the mechanism of such balance The offeror and offeree (Introducing the offer...
sketch the general appearance of the curve for the titration of weak diprotic acid with NaOH....
sketch the general appearance of the curve for the titration of weak diprotic acid with NaOH. what chemistry governs the pH in each distinct region of the curve
You are required to create a business plan for a business. 1. Identify and describe the...
You are required to create a business plan for a business. 1. Identify and describe the type of business you are targeting and why. 2. Use a logical approach to selecting and implementing the terms as a strategic operating plan, detailing in story narrative format why you have made those choices. Highlight each term throughout the essay and use the text content to support your selection. Use of personal /professional examples from employment and other exchanges are to be included....
a)Based on MFRS 2 Share Based Payment, describe the general rules to record shares issued in...
a)Based on MFRS 2 Share Based Payment, describe the general rules to record shares issued in exchange for an asset. (b)Sintok Niaga Bhd issues 200,000 shares at RM1 each during the year ended 31 December 2019. 500,000 applications with full payment are received on 31 October 2019. The shares are subsequently allotted to the successful applicants on 31 December 2019. The money of the unsuccessful application were returned back to the respective applicants. REQUIRED: Prepare the journal entries to record...
Describe what business rules are and how they are incorporated into BPMN Activity models and UML...
Describe what business rules are and how they are incorporated into BPMN Activity models and UML Class diagrams. How are business rules used to implement internal controls? Give some examples of how business rules can be used to implement company policies and guidelines.
Describe what business rules are and how they are incorporated into BPMN Activity models and UML...
Describe what business rules are and how they are incorporated into BPMN Activity models and UML Class diagrams. How are business rules used to implement internal controls? Give some examples of how business rules can be used to implement company policies and guidelines.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT