Business Plan Flashcards
It is the highlights of the business plan, concept, opportunity, competitive advantage, financial projections and funding requirements
Executive Summary
It is how to articulate the mission, mission, values and legal structure of business
Company Description
It outlines how the business intends to attract and retain customers. It includes details about marketing channels, pricing strategy, promotions, advertising, sales tactics, and distribution channels
Marketing Sales and Strategy
It describes the legal structure of the businesses, and provide info about the management team, including their role, responsibility, and relevant experience
Organization and Management Team
It provides detailed info about the product or services offered by the business.
Product/ Service offering
Outline the day-to-day operations of the business including production processes, and facilities, equipment technology suppliers, and logistics
Operation Plan
Financial projections; It outlines the funding requirements, start to costs, revenue forecasts, break-even analysis, and potential sources of funding
Financial plan
It is the revenue generated from the sale of goods and services
Sales Revenue
It is the direct costs associated with producing the goods or services sold by the business. (Raw materials labor, and manufacturing overhead)
Cost of Goods Sold
It is the amount of cash held by the company and assets that are easily convertible to cash, such as short-term investments
Cash
It is the amount of money owed to the company, but its customers for goods or services provided on credit
Amount Receivable
Values of goods held by the company for sale
Inventory
Expenses paid in advance that will be used up in the future, such as prepaid insurance or rent
Prepaid Expenses
It is the long term assets used in the operation
Property, Plant, and Equipment
Non-physical assets that have value ti the company but cannot be touched
Intangible Assets
