Business Planning

Planning is a process of anticipating future events and conditions and determining the courses of action to take in achieving organizational objectives. The outcome of the process is the creation of a formal document.
Business Plan Format is a systematic assessment of all the factors critical to your business purpose and goals. It gives an outline of what you are going to write about your business concept.
Your Business plan should cover the following topics; Vision Statement: This is an outline of your business purpose and goals. The People: Gives a resume of yourself and one for each member of staff who will work in the business. Provide all the information required to all the people who will need it and those you will be having relationships with who include lenders, investors and the people in authority like the government. Executive Summary: Write it last. It’s just a page or two of highlights of your outline. Company Description: This defines the legal establishment, history and the start-up plans that you have for your business Product or Service: Describe what you’re selling and what your customers will benefit from by using your products
Market Analysis Once you identify your niche market and how will you be able to satisfy their needs, what will be your mode of distribution to reach your customers. Strategy and Implementation Shows how you will execute your plan and be specific in your execution.
Management Team: Describes your organization structure and the key management team members. Financial Analysis: Include all your financial documents which are the Profit and Loss and Cash Flow tables.