Business Plan Creation

The success or failure of a business can depends upon the creation of a plan of action.
How will you do business on a day-to-day basis? Do you have long term plans?

One of the most important steps a business owner can take is to create a business plan; or if
they already have one review their plan on an annual or periodic basis. The business plan helps
a business owner become aware of their own strengths and weakesses as well as strategic
opportunities and threats in the marketplace.

To help you get started on your business plan, the following is an outline of all the basic components:

A. General Statement of Purpose, Mission Statement and Objectives for Your Business

B. Industry Overview

C. Products & Services

D. Market Research: Target Market, Competition and Sales Forecast

E. Marketing Plan

F. Internet Marketing

G. Operations & Logistics: How the Business Works Internally

H. Company/Management Structure

I. Financial Plan: Cash Flow Analysis, Break-Even Points, Risk Plans

J. Financing: Money Resources

K. Executive Summary