Business Plan WOB 2 Flashcards
Summary
Summarizes business concept
Business Model
Defines how company will generate revenue and profit
Mission and Objectives explain…
Purpose of business and what it will accomplish
Company Overview
The origins and structure of a business
Management and Key Personnel
Summarize the background on people responsible for success
Target Market
Who will target your business
Market Strategy
Strategy for reaching potential customers, setting prices and providing customer support
Design and development plans
Describes the nature and extent of what needs to be done, including costs and possible problems
Operation plan
Provide information on facilities, equipment and personnel requirements
Start up Schedule
Forecast development of the company in terms of completion dates
Major risk factors
Identify all potential negative factors and discuss them honestly
Financial projections and requirements
Identifying the companies financial needs and potential sources
Exit Strategy
Explains how investors will be able to cash out or sell their investments
What is an example of an exist Strategy
IPO = Initial Public Offering
