Question

CREATE A BUSINESS PLAN OF YOUR CHOICE. ( FOR A NEW BUSINESS THAT YOU WANT TO START AND YOU ARE SEEKING FINANCING/INVESTMENT)

THE PLAN SHOULD INCLUDE ATLEAST THE FOLLOWING POINTS-

1. Concept

A key purpose of a business plan is to give readers a total understanding of the company's goals. This part of the business plan is usually broken down into three elements: executive summary, company description and products/services.

The executive summary is a quick introduction describing who runs the business and what it will offer. Follow that with the company description, which is a brief overview that includes the company structure, principal staffers, nature of the business and its short- and long-term goals. Finally, there is a description of products and services the company plans to provide, which demonstrates how the business stands out with its unique offerings

2. Market Analysis

An entrepreneur has to show that he or she has a full understanding of what they are getting into. The market analysis details the target audience demographic, as well as provide a general overview of the industry. Specifics about the competition can also be included.

3. Strategy

Investors want to know the nitty-gritty of the company’s plan for execution and what it will do to achieve success. For example, if an entrepreneur were pitching a smokeless cook stove, he or she would explain why this cook stove works better- both as a product and a business. Why is it an efficient model? How will it be sustainable? What will the business look like in six months, a year and beyond?

4. Organization

This item allows for a detailed reporting of how the company may operate. It’s smart to project how the company will grow once it receives a certain amount of funding or reach a projected amount of revenue.

5. Financials

Business plans also need to show how the idea is truly a good business, so a financial analysis is critical. This is especially true for startups trying to sell their plan to prospective investors. For entrepreneurs who don't have any prior financial data to show, they can project the budget for the next five years based on anticipated growth.

Answer 1

Here I am going to discuss a business plan of manufacturing and exporting spices to different parts of the world. Let's see the relative business plan.

1. Concept : Arka exporters is a company that is exporting spices to different part of the world.

Execitive summary - The purpose of this business is to manufacture and export best quality spices and to build a strong network in this field.

Company description - The employees working here must be having experience in export businesses and have been working in this field since long time. All the spices being made and exported by keeping full safety and all the employees well trained.

Target audience - The large companies or import traders in buying or selling the spices would be the target audience to whom the company would be selling its spices to form a market.

Product and services - All the types of dry spices would be the focus of the compamy and it will be involved in the export of these spices along with its making.

2. Market analysis - Before entering into the market its very important to know the market. What are the demands and costs for the respective products. Accordingly one should make plans. So, here first a reset h would be made that which spices are being used by household people in day to day activity and would have a huge demand in market. According to that manufacturing of spices would be done.

Also it depend on place. Some places have some specific spices in demand. So first I would detect my target location and the spices most in demand for that place. So doing market analysis will give an idea about what and where to export.

As my location would be targeting North India, there the people are fond of spices rich in giving chilli flavours. So there spices like black pepper, cloves, cinnamon, red chilli would be good to export as they are in more demand.

3.Strategy : To gain competitive advantage over other traders, we have developed a framework that the spices would be origin without being mixed with any other ingredients thus giving the pure taste which is not to be ssen generally in market. Plus in this pandic time, safety would be the first priority.

We would be providing our customers the best and safe quality of spices which would be suffice t in giving original flavours.

Also, to gain a market, in starting there would be offers to give company and customers samples to use and rate their product and them once it becomes popular, it would be circulated overall.

4.Organisation : The organisation structure plays an important role. It helps in maintaining integrity om the organization.

In this company, there will be a chairman to whom all the top managers of finance and marketing department would be reporting.

These tip managers would be having first line managers to do technical works of manufacturing and working under the supervision of top mangers and would be reporting to them.

Now this will be flow of command and information in the organization. Making this clear as to who will report to whom makes system easy.

5.Financials : This is a very crucial part of any business. Once we thought to run the business, the first thing we require is money amd finances. So, first we would be analysing the financial condition of this W business which is likely to be in coming years. If it turns out to be profitable then only one should invest.

While thinking of finances, it is decided that the partners of the company would be emplpying their own money to the business as getting funds from equity is not possible for a new business. Thus, the partners would be doing the finances according to their shares.

The budget for the project is to be set bt using the proper method og net present value to evaluate their undertaking project and know its profit from it.

So, these were the important points in making a business plan.