Knowledge (XXG)

Business plan

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396: 1484: 1315: 1207: 965: 139: 1048: 302: 77: 36: 920:. The content and format of the business plan are determined by the goals and audience. For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan. 241: 1024:" is a short summary of the plan's executive summary. This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners. It is called an elevator pitch as it is supposed to be content that can be explained to someone else quickly in an elevator. The elevator pitch should be between 30 and 60 seconds. 1901:
The business school advises students that "To create a robust business plan, teams must take a comprehensive view of the enterprise and incorporate management-practice knowledge from every first-semester course." It is increasingly common for business schools to use business plan projects to provide
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The primary difference between profit and non-profit organizations is that "for-profit" organizations look to maximize wealth versus non-profit organizations, which look to provide a greater good to society. In non-profit organizations, creative tensions may develop in the effort to balance mission
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Internally-focused business plans target intermediate goals required to reach the external goals. 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 the restructuring of an organization. An internally-focused
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You might know where we’re going with this – "potential investors, banks, private equity, and funding. People and institutions you want money from. If that’s the case, your business plan, and the way you present it, might be crucial to your success. If it’s not convincing, your business won’t be
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Business Plan - Definition: A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement A business plan is also a road map that provides directions so a business can plan its future
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Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders. These plans typically have detailed information about the organization or the team making effort to reach its goals. With
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before looking at a business plan, lest it put them in the untenable position of looking at two independently developed look-alike business plans, both claiming originality. In such situations, one may need to develop two versions of the business plan: a stripped-down plan that can be used to
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or for-profit organizations. For-profit business plans typically focus on financial goals, such as profit or creation of wealth. Non-profit, as well as government agency business plans tend to focus on the "organizational mission" which is the basis for their governmental status or their
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is a slide show and oral presentation that is meant to trigger discussion and interest potential investors in reading the written presentation. The content of the presentation is usually limited to the executive summary and a few key graphs showing financial trends and key decision-making
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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. Such plans have a somewhat higher degree of candor and informality than the version targeted at external stakeholders and others.
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Operational plans describe the goals of an internal organization, working group or department. Project plans, sometimes known as project frameworks, describe the goals of a particular project. They may also address the project's place within the organization's larger strategic goals.
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An externally targeted business plan should list all legal concerns and financial liabilities that might negatively affect investors. Depending on the number of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences.
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is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Business plans can help decision-makers see how specific projects relate to the organization's strategic
951:"... a good business plan can help to make a good business credible, understandable, and attractive to someone who is unfamiliar with the business. Writing a good business plan can't guarantee success, but it can go a long way toward reducing the odds of failure." 1467:(TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing, education, call centers, government, and service industries, as well as NASA space and science programs. 924:
are primarily concerned about initial investment, feasibility, and exit valuation. A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and
1454:(MBO) is a process of agreeing upon objectives (as can be detailed within business plans) within an organization so that management and employees agree to the objectives and understand what they are in the organization. 1292:
may severely limit the audience to which one might show the business plan. Alternatively, they may require each party to receive the business plan to sign a contract accepting special clauses and conditions.
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The business plan is the subject of many satires. Satires are used both to express cynicism about business plans and as an educational tool to improve the quality of business plans. For example,
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project where students of all ages can collaborate with designing and revising business models and practice evaluating them to learn practical business planning techniques and methodology
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begins with the business plan of a fictional high tech company, satirizing both the writing style and the physical form of slickly produced business publications like business plans and
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The format of a business plan depends on its presentation context. It is common for businesses, especially start-ups, to have three or four formats for the same business plan.
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estimates are central to any business plan for deciding the viability of the planned venture. But costs are often underestimated and revenues overestimated resulting in later
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business plan a guide or roadmap for any business activity. A business plan can also be referred to as a blue-print or scheme of a business enterprise.
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develop a relationship and a detailed plan that is only shown when investors have sufficient interest and trust to sign a Non-disclosure agreement.
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Fundraising is the primary purpose of many business plans since they are related to the inherent probable success/failure of the company risk.
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A written presentation for external stakeholders is a detailed, well written, and pleasingly formatted plan targeted at external stakeholders.
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for-profit entities, external stakeholders include investors and customers, for non-profits, external stakeholders refer to donors and
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has been developed to reduce the risks of cost overruns and revenue shortfalls and thus generate more accurate business plans.
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Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called
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or a list of critical success factors. This allows the success of the plan to be measured using non-financial measures.
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benchmarks. If a new product is being proposed and time permits, a demonstration of the product may be included.
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it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map (a
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non-profit, tax-exempt status, respectively—although non-profits may also focus on optimizing revenue.
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Preparing a business plan draws on a wide range of knowledge from many different business disciplines:
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This situation is complicated by the fact that many venture capitalists will refuse to sign an
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What are the risks and threats confronting the business, and what can be done to mitigate them?
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Who are the company's customers, and how will the company market and sell its products to them?
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Business plans are used in some primary and secondary programs to teach economic principles.
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What problem does the company's product or service solve? What niche will it fill?
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an opportunity for students to integrate knowledge learned through their courses.
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to do when researching and writing a business plan for a biotech start-up.
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Typical questions addressed by a business plan for a start-up venture
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What are the company's historical and projected financial statements?
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convincing either." Thus resulting in you not getting an investment.
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Boston College, Carroll School of Management, Business Plan Project
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Creating a Business Plan: Expert Solutions to Everyday Challenges
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Who will run the company and what makes them qualified to do so?
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How does the company plan to manage its operations as it grows?
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Typical structure for a business plan for a start-up venture
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1997-2001 this was a problem for many technology start-ups.
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Who are the competitors and how will the company maintain a
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U.S. Small Business Administration "Business Plan" (n.d.)
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Formal written document containing the goals of a business
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What are the company's capital and resource requirements?
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Eric S. Siegel, Brian R. Ford, Jay M. Bornstein (1993),
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Five Criteria For a Successful Business Plan in Biotech
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Five Criteria For a Successful Business Plan in Biotech
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business plan is often developed in conjunction with a
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is a formal written document containing the goals of a
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Tasmanian government project management knowledge base
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Written business plans are often required to obtain a
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can be used to facilitate producing a business plan.
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Unsourced material may be challenged and 841:) that provides direction to the business. 64:Learn how and when to remove these messages 1141:for the business (how will it make money)? 809: 795: 383: 336:reliable, independent, third-party sources 2022:"Cayenne Consultng LLC Ten Big Questions" 1916:The Ernst & Young Business Plan Guide 1701:Bida Journal of Management and Technology 1532:Learn how and when to remove this message 1363:Learn how and when to remove this message 1255:Learn how and when to remove this message 1005:Learn how and when to remove this message 372:Learn how and when to remove this message 354:Learn how and when to remove this message 284:Learn how and when to remove this message 223:Learn how and when to remove this message 121:Learn how and when to remove this message 330:by replacing them with more appropriate 1664: 729: 538: 470: 402: 386: 313:too closely associated with the subject 1973: 1963: 1735: 1724: 531:Valuation using discounted cash flows 7: 1752:U.S. Small Business Administration, 1510:adding citations to reliable sources 1341:adding citations to reliable sources 1233:adding citations to reliable sources 1173:Cost overruns and revenue shortfalls 987:adding citations to reliable sources 929:will lead to a high exit valuation. 161:adding citations to reliable sources 1936:"How to Master Your Elevator Pitch" 1575:comic strips to remind people what 1277:Limitations on content and audience 877:, various economic agencies of the 1843:government agency operational plan 25: 927:sustainable competitive advantage 45:This article has multiple issues. 1918:(New York: John Wiley and Sons) 1482: 1313: 1205: 1060:cover page and table of contents 963: 394: 311:may rely excessively on sources 300: 239: 137: 75: 34: 974:needs additional citations for 148:needs additional citations for 53:or discuss these issues on the 1956:Contributor (7 January 2012). 1627:Corporate financial accounting 458:Strategic financial management 413:Asset and liability management 261:the content seems opinionized. 1: 1642:Parkinson's Law of Triviality 1076:business environment analysis 944:, operations management, and 936:, human resource management, 854:Small Business Administration 1809:Chechi, Haris (2023-08-01). 1553:with "margin" (or revenue). 1043:Business plans for start-ups 1768:Retrieved 2020 December 28. 1756:, accessed 28 December 2020 1284:(NDAs) with third parties, 1191:Reference class forecasting 1115:achievements and milestones 871:International Monetary Fund 259:. The specific problem is: 101:the claims made and adding 18:Designing business projects 2121: 2085:Business plan competitions 1569:, Dr. Roger Bernier, uses 1197:Legal and liability issues 1168:Revising the business plan 433:Enterprise risk management 255:to meet Knowledge (XXG)'s 1622:Business Motivation Model 1474:Not for-profit businesses 1282:Non-disclosure agreements 2049:Bernier, Roger Laurent. 1855:government project plan 1799:non-profit business plan 1754:"Business Plan Template" 1465:Total quality management 1452:Management by objectives 453:Mergers and acquisitions 1834:State of Louisiana, USA 1268:Disclosure requirements 942:supply chain management 773:Stress test (financial) 1859:June 22, 2009, at the 1286:non-compete agreements 1051: 632:Investment performance 479:Balance sheet analysis 2029:Cayenne Consultng LLC 1632:Cost-benefit analysis 1565:In his presentation, 1146:competitive advantage 1050: 938:intellectual property 918:decision-making tools 707:Too connected to fail 572:Cash conversion cycle 521:Management accounting 443:Investment management 2100:Strategic management 1778:Small Business Notes 1506:improve this section 1337:improve this section 1229:improve this section 1073:business description 983:improve this article 783:Supply chain finance 717:Volatility (finance) 602:Exchange traded fund 592:Economic value added 562:Capital appreciation 516:Fundamental analysis 404:Financial management 266:improve this article 157:improve this article 2059:on January 6, 2012. 1872:M&M Consultants 1088:competitor analysis 1084:industry background 922:Venture capitalists 916:Business plans are 768:Statistical finance 738:Factoring (finance) 687:Sustainable finance 2080:Business documents 1976:has generic name ( 1897:2008-01-16 at the 1877:2020-11-13 at the 1839:2012-09-15 at the 1783:2010-11-26 at the 1458:Strategic planning 1107:management summary 1052: 891:balanced scorecard 778:Structured product 607:Financial analysis 526:Structured finance 448:Managerial finance 86:possibly contains 2095:Formal statements 1734:Missing or empty 1647:Revenue shortfall 1542: 1541: 1534: 1373: 1372: 1365: 1265: 1264: 1257: 1069:mission statement 1064:executive summary 1015: 1014: 1007: 883:development banks 848:or other kind of 819: 818: 763:Position of trust 743:Financial analyst 667:Return on capital 567:Capital structure 463:Wealth management 388:Corporate finance 382: 381: 374: 364: 363: 356: 294: 293: 286: 257:quality standards 248:This article may 233: 232: 225: 207: 131: 130: 123: 88:original research 68: 16:(Redirected from 2112: 2090:Entrepreneurship 2061: 2060: 2055:. 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Designing business projects
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original research
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verification
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too closely associated with the subject
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