Business Planning
Business planning is the process of setting goals, defining strategies, and outlining the steps needed to start, run, and grow a business. It typically involves:
- Executive Summary
- Brief overview of the business
- Mission statement
- Business goals
- Business Description
- Company background
- Industry analysis
- Unique value proposition
- Market Research & Analysis
- Target market
- Competitor analysis
- Market trends
- Products or Services
- Description of offerings
- Pricing strategy
- Product lifecycle
- Marketing & Sales Strategy
- Branding and positioning
- Sales channels
- Advertising and promotion
- Operations Plan
- Business location
- Supply chain & logistics
- Technology & infrastructure
- Management & Organization
- Business structure (LLC, Corporation, etc.)
- Key team members and roles
- Hiring plan
- Financial Plan
- Revenue model
- Cost structure
- Funding needs
- Profit & loss projections
- Risk Analysis
- Potential risks and mitigation strategies
