A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation.
Operational plans describe the goals of an internal organization, working group or department. With for-profit entities, external stakeholders include investors and customers. It is called an elevator pitch as it is supposed to be content that can be explained to someone else quickly in an elevator.
They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization.
The content and format of the business plan is determined by the goals and audience. Such plans have a somewhat higher degree of candor and informality than the version targeted at external stakeholders and others.
An internal operational plan is a detailed plan describing planning details that are needed by management but may not be of interest to external stakeholders.
Externally focused plans target goals that are important to external stakeholders, particularly financial stakeholders. It is common for businesses, especially start-ups, to have three or four formats for the same business plan. Unsourced material may be challenged and removed. The content of the presentation is usually limited to the executive summary and a few key graphs showing financial trends and key decision making benchmarks.
August Learn how and when to remove this template message The format of a business plan depends on its presentation context.
An internal business plan is often developed in conjunction with a balanced scorecard or a list of critical success factors.
This allows success of the plan to be measured using non-financial measures. Please help improve this article by adding citations to reliable sources. Audience[ edit ] Business plans may be internally or externally focused. Venture capitalists are primarily concerned about initial investment, feasibility, and exit valuation.
Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans.
Typical structure for a business plan for a start up venture  cover page and table of contents. They typically have detailed information about the organization or team attempting to reach the goals.
Internally focused business plans target intermediate goals required to reach the external goals. The elevator pitch should be between 30 and 60 seconds. If a new product is being proposed and time permits, a demonstration of the product may be included.
This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners.Business Center Business Plan in Nigeria / How to Start a Computer Business Center in Nigeria Business Center Business Plan in Nigeria – In the Nigerian context, a business center is any business where you can carry out your official secretarial works like type setting, scanning, designing, laminating, etc for a fee.
A Business Plan is a written document that outlines a company's goals and how it plans to achieve them. It also encompasses several other aspects of a company's future agenda and can serve as a tool for internal decision-making or as a business proposal to pitch to potential investors.
A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals.
Written business plans are often required to obtain a bank loan or other financing.
The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground. Pros of using a business plan template.Download