business plan

Topics: Strategic management, Marketing, Management Pages: 4 (1289 words) Published: August 19, 2014
The Business plan
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The Business plan could take hundreds of hours to prepare, depending on the experience and knowledge of the entrepreneur as well as the purpose it is intended to serve m It should be comprehensive enough to give any potential investor a complete picture and understanding of the new venture and will help the entrepreneur clarify his or her thinking about the business.

1. Introductory Page:
2. Executive Summary
3. Environmental and Industry Analysis
4. Description of Venture
5. Production Plan : The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. The planning phase involves forecasting demand and translating the demand forecast into a production plan that optimizes the company's objective, which is usually to maximize profit while in some way optimizing customer satisfaction. These twin objectives are not always synonymous. During the scheduling phase the production plan is translated into a detailed, usually day-by-day, schedule of products to be made. During the coordination phase actual product output is compared with scheduled product output, and this information is used to adjust production plans and production schedules.

6. Operations Plan: Operational planning is the process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success and explains how, or what portion of, a strategic plan will be put into operation during a given operational period, in the case of commercial application, a fiscal year or another given budgetary term. An operational plan is the basis for, and justification of an annual operating budget request. Therefore, a five-year strategic plan would typically require five operational plans funded by five operating budgets. Operational plans should establish the activities and budgets for each part of the organization for the...
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