These systems integrate its proprietary operating system software with hardware supplied by major manufacturers, and are sold to small, medium and large-sized companies for a range of business applications. Its systems are distinguished by a sophisticated operating system, which permits use without trained data-processing personnel. Our mission is to enhance our customers' business by providing the very highest quality products and services possible.
An easy way to begin is to focus on describing the action steps required to build the business -- a schedule of what must be accomplished and when.
Once the steps are selected, estimate the financial and human resources needed to accomplish each step.
If the plan is to be presented to investors, it should also demonstrate that the potential rate of return for the business is outstanding. Demand for a product or service stems from customers having a need -- a problem that the product or service can readily solve.
A simple example would be travelers on a long stretch of rural highway need a place to stop and get a quality meal at a reasonable price.
The more urgent the need--and the more powerful, quantifiable benefits provided to customers by the product or service -- the greater the chances the company will connect with its customers. Factors driving industry growth should be emphasized. The plan should engagingly portray why this industry is an exciting place to be.
Strategic The plan describes in considerable detail how the company intends to communicate the benefits of its products or services to the marketplace. Marketing strategies involve persuading large numbers of customers they should purchase from the company and also making it as easy as possible for the customer to find the product or service--the distribution channels selected.
The strategic plan also discusses the most viable customer groups, and why they were chosen.
Competitive The plan should reflect that the management team has through considerable research developed an understanding of the strengths and weaknesses of its key competitors. Management The discussion of management is critically important because business success ultimately depends on the skill of the management team and how well they fit and work together.
The combined marketplace power of superior products, a favorable industry environment and an extremely talented management team is what investors look for.
Every type of business requires different skill sets within the management group. A company driven by technological innovation needs different leadership than one driven by customer service.
The plan should demonstrate that this management group is the ideal one to lead the venture to a profitable future.
Financial The financial section of the plan presents a month-by-month projection of revenues and expenses for the number of years the plan covers, usually three to five. Many times a separate revenue spreadsheet is presented, with detailed forecasts for each product or service and the assumptions used to create the financial models.
Also, spreadsheets can break down personnel cost by individual employee. Depending on the type of business, a projected balance sheet may be included.
References 1 Small Business Administration:And like the traveler, the project manager needs to set the course for the project, which in project management terms means creating the project plan. Just as a driver may encounter road construction or new routes to the final destination, the project manager may need to correct the project course as well.
(a) Except as provided in paragraph (c) of this section, to be eligible as a subcontractor under the program, a concern must represent itself as a small business, veteran-owned small business, service-disabled veteran-owned small business, HUBZone small business, small disadvantaged business, or women-owned small business concern.
The financial sources that read the plan derive the following benefits from the business plan: • The business plan provides for financial sources the details of the market potential and plans for securing a share of that market.
As a small employer, the form that your administrator will have to file with the Department of Labor is a financial statement that sets out the plan's financial condition.
Small employer plans can fulfill that obligation by filing with the Department of Labor a Form (or Form SF), with attachments.
Nov 20, · MGT Entrepreneurship Final term Papers & MCQs The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing: Entrepreneurship Intrapreneurship Managerial domain Administrative domain For the success of business plan the goals should be Limitless Generalized Specific Imaginary .
A business plan for a small business typically contains all of the following EXCEPT _____. A.) a time frame for selling stock to investors B.) a detailed time frame for achieving goals.