Business Plan Flashcards
Business Plan def
A document that provides a description and
overview of your company. The plan should explain
you business strategy and key goals to get from
point A to point B
Executive summary includes what
1) Overview of business that includes a mission, vision, and core values
2) Summarize you business concept, target market, competitive advantage, and
financial goals
3) If requesting funding include in this section
Business description includes what
1) Description of business including any history and how the business is structured
(LLC, corporation)
2) Explain the businesses unique value proposition and why it will be successful
Market analysis includes what
Conduct thorough market research to understand your industry, target market, and
competition
* Define your target audience and their needs, demographics and preferences
* Analyze you competitors, their strengths, weaknesses and market share
Sales strategy includes what
Outline your marketing and sales plans, including your pricing strategy, distribution
* Discuss how you will reach and engage with your target customers
Management team includes what
Discuss your management teach and qualifications
* Mention any mentors or advisors
Financial projections includes what?
Create a financial forecast that will demonstrate appropriate cash flow
* If possible, create a projection P&L
Funding requests includes what
If seeking funding, clearly state the amount and need
Operation plan includes what
Explain how your business will operate, including production process, suppliers, and
any necessary permits.
Risk analysis includes what
Identify potential risks and challenges your business may face and outline strategies
to mitigate them.
* Discuss contingencies
Project manager
A professional who organizes, plans, and executes projects while working within the
constraints of budgets and schedules
