Business Plan

A business plan is an essential roadmap for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues. topacademics knows the steps that are part of the business plan and are as follow:

  • Executive summary
  • Company description: Vision and mission statements, Form of ownership, Business history, Strengths and core competencies, Challenges, Long term focus
  • Products and services: Description, Features, Quality concerns
  • Marketing plan: Market research, Products and services analysis, Customer analysis, Competition analysis, Marketing strategy, 4 Ps of marketing, Promotional mix suitability, Promotional budget, and Sales forecasts
  • Operational plan: Production, Business Location, Legal Environment, Personnel, Inventory, Business Suppliers, Credit Policies, Management of Accounts Receivable, and Management of Accounts Payable
  • Management and organization
  • Financial history and analysis
  • Financial plan: Projected profit & Loss, Project Cash flows, Project balance sheet and Breakeven Analysis
  • Implementation plan
  • Appendices