B103.3 - FAMMMIT/Bels vs Business Plan Outline - ALIGNED
A Business Plan is "that thing" everyone should write before going into business, but most do not. Just by looking at a Business Plan outline we can generally see alignment with the FAMMMSOIT/Bels subjects previously defined.
Note, there is no single best Business Plan outline. There are many options and some might aligned more than others, but the ethos of most is close.
Note, there is no single best Business Plan outline. There are many options and some might aligned more than others, but the ethos of most is close.
Executive Summary
Company Overview
Mission
Business Goals
Scope of Venture
Customer Base
Location of Ops
Problem
Solution
Product/Service Overview
Products
Services
Competitive Advantage/Competitive Analysis / SWOT
Price
Efficiency
Differentiation
Market Analysis
Industry
Target Market
Market Niche
Competition and Key competencies
Market Research
Financial forecasts
Growth Opportunities
Sales Projections
Marketing & Sales Plan
Pricing
Promotion
Value
Rationale
Website
Organization Plan
Form of Ownership
Labor
Management Team/Advisors
Operations Plan
Operational Priorities
Operational Techniques
Facilities and Equipment
Financials
Financial Assumptions
Break Even Analysis
Investment Opportunities
Accounting
Accounts: Assets, liabilities, A/P, A/R, income/expense, equity
Cash, cashflow planning, forecasting
Informational reporting vs Tax reporting
Accounting for sales, sales tax, inventory tax
Appendices
Start Up Costs
Pro Forma Balance Sheets
Pro Forma Income Statements – 1 year and 5 year
Pro Forma Cash Flow
Competitors Weaknesses
Entry Barriers
Risk Assessment
Company Overview
Mission
Business Goals
Scope of Venture
Customer Base
Location of Ops
Problem
Solution
Product/Service Overview
Products
Services
Competitive Advantage/Competitive Analysis / SWOT
Price
Efficiency
Differentiation
Market Analysis
Industry
Target Market
Market Niche
Competition and Key competencies
Market Research
Financial forecasts
Growth Opportunities
Sales Projections
Marketing & Sales Plan
Pricing
Promotion
Value
Rationale
Website
Organization Plan
Form of Ownership
Labor
Management Team/Advisors
Operations Plan
Operational Priorities
Operational Techniques
Facilities and Equipment
Financials
Financial Assumptions
Break Even Analysis
Investment Opportunities
Accounting
Accounts: Assets, liabilities, A/P, A/R, income/expense, equity
Cash, cashflow planning, forecasting
Informational reporting vs Tax reporting
Accounting for sales, sales tax, inventory tax
Appendices
Start Up Costs
Pro Forma Balance Sheets
Pro Forma Income Statements – 1 year and 5 year
Pro Forma Cash Flow
Competitors Weaknesses
Entry Barriers
Risk Assessment
Comments
FAMMMSOIT/bELS is ALIGNED with a business plan outline.
- A Business Plan is something that may or may not lead to Business Success but skipping this step will almost certainly lead to lost time and money even if other relevant guidance is sought.
- This info above is just for quick reference for you. This shows you what you "should do" and makes for good conversation among folks with background to determine true benefits and costs of starting out with and without a business plan.
- If you are in business, have skipped this step, and you are wondering why you are struggling with your business, part of it may have to do with the fact you skipped this step, formally or otherwise. Some great benefits can be gained by retroactively completing this step after being in business for a while, and in fact routinely revisiting this step as your business grows and your business environment changes is in fact recommended.
- There is NO "correct" template for a business plan. This is just one variation pulled off the internet. There are many formats. Generally they shouldn't vary that much based on the business, but the order in which things are presented and the emphasis may vary some as a matter of personal preference.
FAMMMSOIT/bELS is ALIGNED with a business plan outline.