Business Plan Checklist: Plan your way to business success
By 50minutes
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About this ebook
This book is a practical and accessible guide to understanding and creating a business plan checklist, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Understand the 9 key steps you must follow when creating any business plan and what each step involves
• Use your business plan to guide your new business or products, predict turnover and anticipate future challenges
• Use your concrete business plan to grab the interest of investors and funding providers, using data and market research to convince them of the feasibility of your plan
ABOUT 50MINUTES.COM | Management & Marketing
50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
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Business Plan Checklist - 50minutes
Key information
Names: Business plan, development plan
Uses: Generally used to create new businesses or launch new products, a business plan allows the feasibility of a project to be assessed, taking into account the characteristics of the market, and defines the marketing plan.
Why is it successful? A business plan helps to identify the limits and the prospects of a business project by detailing all of the points relating to the launch of the business: product, market, resources, etc. It is compulsory when a new company is being set up and when external financing is being received, and helps to establish the short- and medium-term strategy and financial profitability of the project, as well as the key success factors. The forecasts and strategies set out in the business plan are then used to monitor the smooth running of the company’s activities and, if necessary, to make adjustments in order to achieve the objectives that were initially set as efficiently as possible.
Key words:
Financial plan:a plan detailing the financial inputs and outputs of a structure, including in particular the historical and projected assessments and income statements.
Market:strictly speaking, all of the companies, customers, suppliers and other intermediaries involved in the same activity; more broadly, it includes the products, raw materials and third parties that interact with the market.
Market research: qualitative and/or quantitative analysis of different stakeholders, such as customers, suppliers, competitors and market trends.
Marketing mix:the coherent combination of the price, product, place and promotion variables of an activity (communication), directed towards the consumer to encourage