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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.

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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 3 months ago
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