Posted on October 22, Leave a comment The web has been in existence for less than days according to this video is from Kevin Kelly, executive editor at Wired Magazine. He posed a rhetorical question that if people were to look introspectively 10 years ago, whether anyone would have predicted the emergence and pervasiveness of the internet. The complexity of this giant machine is similar to the human brain, except every two years, the brain does not double its power. In the next days.
Executive Summery It is advisable to write an executive summary after the completion of the main business part as it is generally meant to be a comprehensive summery of your business plan.
You must include key points from all relevant chapters preferably summarized in not more than words. About your company Under this section, your business plan should clearly articulate visions and missions for you and your company.
It is about the ideal future state of your company and perhaps what your company wants to achieve. Mission is about how you intend to become leading training provider. They can be summarized in one paragraph. When writing the objectives, be sure that they are specific, measurable, attainable, and realistic and time bound.
What will make your business more likely to succeed than other comparable businesses? What makes your guideline for business planning-faris special? Basically you are expected to highlight the critical factors of your company that would contribute to its success.
It could be your unique skills, business opportunities, ideal market, special assistance from the government, product quality etc.
By identifying your weaknesses, it helps to determine where you need to improve or may need support from external sources.
Also, by identifying your strengths, we then know what can be built on to develop the business and ensure success. You should keep it precise. Market analysis A market analysis of four major elements works well: Legal requirements Often entrepreneurs overlook crucial legal aspects of the business.
Under this section, you are expected to mention the type of company ownership such as sole proprietorship, partnership business, private limited company etc.
Also the company registration process and requirements, such as the need for any licences, should be featured explicitly, this is the starting point for any venture.
Innovations Being innovation is not necessarily about inventing new things perhaps it about how you do things differently to suit to changing market. It can be through creating dynamic products or improving existing services 7.
Marketing and promotional strategy From our experience over several years; many Bhutanese entrepreneurs pay far too little attention to marketing their ventures. Marketing can be broadly summarised into three categories Organizational structure This section is about explaining what your company is going to look like in terms of structure and most importantly the responsibilities of your employees and in particular, highlighting your own role.
Highlight number of employees, describe their roles, skills required etc and any difficulties you think you may in finding suitable people Growth strategies How do you plan to grow your company sustainably?
It can be through continued innovation, value addition, product development, market expansion, diversification of your product or service etc.
Risks and assumptions Many entrepreneurs find it difficult to assess risk and make key assumptions. Risk factors could be in terms of political instability, taxation, import ban, change in regulations, lack of financial support, lack of skilled labour, response from your competitors etc.
Financial planning You should be able to provide your investor with at least the following financial forecasts: Seeking more than what you require increases the risk of your liability, you should be realistic but prudent.
Start-up cost are generally categorized into two types: It reflects how much cash is going to be generated from the sales and expenses incurred in terms of purchasing of asset and stocks etc and making sales.
The credit is any you give to customers and can take from your suppliers and the amount of stock you carry will affect your cash flow.
You may specify the contribution of the owner if any and amount that you are trying to raise from other sources for example Loden Foundation and any borrowings from banks or family members. Company achieves break-even when the total revenues equals to total expenses, including the money for wages paid to the owner, which mean no profit has been made, nor any losses been incurred.
Make sure you write the name of your company, logo if you havelocation of your company, name of the applicant and your contact details on the cover page of your business plan. Please feel free to contact Tshering Pelden Program Officer at tpelden loden.We would like to show you a description here but the site won’t allow us.
Financial Planning > Faris Lee Investments. @farisleeinvest. Faris Lee Investments. Dupont Dr Add photo Own this business?
Unlock this page Questions & Answers. Questions? Get answers from Faris Lee Investments staff and past visitors. Ask a Question Create a Guide; Browse. Local Guides; Best Of Citysearch; Top Categories Location: Dupont Dr # , Irvine, CA The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.
We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business. Financial Planning > Faris Lee Investments. @farisleeinvest. Faris Lee Investments. Dupont Dr Add photo Own this business?
Unlock this page Questions & Answers. Questions? Get answers from Faris Lee Investments staff and past visitors.
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