Major elements of a business plan
From: Adrian P.
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The following business plan for the fictional firm of "Acme Management Technology" AMT is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan. This business plan leads the way by renewing our vision and strategic focus of adding value to our target market segments—the small business and high-end home office users in our local market. It also provides a step-by-step plan for improving our sales, gross margin, and profitability. AMT is built on the assumption that the management of information technology for business is like legal advice, accounting, graphic arts, and other bodies of knowledge, in that it is not inherently a do-it-yourself prospect. Smart business people who aren't computer hobbyists need to find quality vendors of reliable hardware, software, service, and support and they need to use these quality vendors as they use their other professional service suppliers—as trusted allies.
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Sample Business Plan
7 Elements of a Strategic Plan
A good business plan needs certain elements to ensure the growth of and enthusiasm of your business. You may be the only one who ever sees it, but a good business plan is your blueprint for success. Without one, your business could flounder and fail eventually. Avoid that by making sure your plan includes these elements:. Know your competition, your niche and how your product or services will make a difference in the market.
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Tasks, to-do lists, meetings, and more. Amidst that rush, the idea of writing a good business plan—much less following a business plan template—often feels time-consuming and intimidating. After all, when done right, business plans have enormous payoffs.
When you have a business idea, creating a business plan can provide you with a road map that helps you determine your strengths and weaknesses in the marketplace, develop effective business strategies and estimate your financial success and growth. Along with helping you show that a new business idea is viable, a business plan is a living document that you'll update regularly and present for various purposes. Common elements of a business plan include the executive summary, company description, management and personnel summary, marketing strategies and funding request. The other elements include the product or service description, financial projections, sales strategies, market analysis, competitive analysis and appendix.
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