BUSINESS PLAN OUTLINE 2

6. MANAGEMENT AND ORGANIZATION


Make investors feel confident that the management team knows the market, the product, and can implement

 Background of the principals

 Personal data (age, special abilities, interest in business idea, education-formal and informal)

 Personal financial statements with documentation

BUSINESS PLAN OUTLINE

BUSINESS PLAN OUTLINE
Executive Summary: 2-6 page summary that precedes the completed Business Plan.

I. Company Description
II. Product or service
III. Industry Analysis
IV. Market Analysis
V. The Competition
VI. Management & Organization
VII. Marketing Strategy
VIII. Operations
IX. Financial Plan
X. Expansion/Exit Strategy
XI. Appendix: Supporting documents and contingency plan

ENTREPRENEURSHIP AND BUSINESS PLAN BASICS

WHAT IS ENTREPRENEURSHIP?

“The managerial function that combines land, labor, and capital in a cost effective way and uncovers new opportunities to earn a profit; includes the willingness to take the risks associated with a business venture.”

Want to start a business?

CHECKLIST FOR STARTING A SUCCESSFUL BUSINESS
During the planning and start-up stages of the business enterprise, you are likely to be faced with a wide assortment of problems and tasks. A checklist can be an incredibly useful tool for helping you to think through the many variables that you may forget in your rush to start a business.