Business Plan

Business Plan

The objective of this project is to simplify the way to corporate and individuals to initiate it business plan in an efficient way. A business plan is use as a road map for developing and create a new product line to customer. The goals of a business plan is to help companies to make more revenue, shifting the business idea to real activities, identify the business strengths and weaknesses, control business growth, and managing the business. 

A business plan is the following step for the project feasibility study - which follow the business idea stage. That means a business plan can be create after passing through the feasibility study and business idea gates. A business plan can be dived into four main sections, which are business description, marketing plan, operations plan and financial plan.

Business description 

The first section in the business plan is discussing the business in more details. Therefore the business description section is contain and discus more about the business concept, the product, and the location. The business concept part is explaining the business form, business type, the product name, the value added to customer, ... Etc. The second part in the business description is discussing the product and services subject, and how it will solve the customer problems or deliver their needs, product differentiation, ... Etc. Then, the third part in the business description is showing the business location, the strategy of choosing the best area, ... Etc.

Marketing plan

After describing the business in some detail, the general concept for the business is appear, but - hold on- it required some additional research to understand the market deeply. Therefore, the second section in the business plan is presenting the market plan. The market plan is discussing the modern concept of marketing, which is answering the question of "what is the customer needs and wants?". Thus, it is so important -in this stage- to identify the business customer clearly, and the business segmentation- target market. The segmentation approach can save and direct the company's resources in high efficient way - Gender, Age, Salary, and Location. By identifying these factors, company can develop a marketing strategy in effective way. The marketing plan section may include some additional data such as, the market growth rate, market share, expand strategy, customer loyalty, product price, competitor's names, ... Etc.   

Operations plan

The third section in the business plan project is call operations plan. The operations plan section is discussing the approach of marking decision in the company, and the ability to manage the organization. The operations plan is discussing how to manage the staff to reach the required targets, how to utilize assets and equipment’s in high efficient way, and which kind of services that the company need to hire consultant. Also operations plan -or management plan- can include additional information like, applying SWOT analysis, board of directors, management team, rules and duties, vision, mission & values, business strategy, corporate strategy, training required, follow the required procedure

Financial plan 

The last section of the business plan document is summarizing the early three stages, and convert them into an usual and measurable number. The financial plan includes project capital, setting budget, operating cost - fixed and variable, ...etc.