The process of preparing a detailed bussiness plan

[Accurate]

The following are the process of preparing a detailed business plan of any given organization:
Before writing a business plan, in depth research into the marketand industryis required, this is very required irrespective of whether you have previous experience I the industry or not, and the following sources will aid you greatly in your research work, it will enable3 you to have an understanding of forces and the dynamics of industry eh competitors in your business line, industry experts and associations, internet and suppliers
Executive summary: This is the summary of the entire business plan and its not sopposed to exceed two pages.
description of the company: its establishments its goals and objectives key success factors in the industry and industry analysis, growth rate and stage of growth.
Vision and mission statement: it describes the kind of business you are into, the values and the principles of the business ventures.
Financial plan: it describes the financial statement of the organization, it equally gives information about the loans and investments proposal for the company
Location and layout: it gives informationabout demographic analysis of the locationof the business compared with that of the target customers.
Appendices: it contains prices of information needed to documentation like the financial statement, resumes, supporting documents for market research organization charts etc.

 

[Richee84]

Business plan is a road map design for every business to follow, it is design as a guide for every business to follow and how it should follow it. It give a detailed plan of how a business should be operated from the from it starting point and even extend this into the future. Before we can have detail business write, one must have a good and better understanding of the market structure about the business. We must garner enough information about the business by carrying out feasibility study on the business. The first part in a business plan is the Executive Summary, this is a detailed part of the business plan which give a summary of every thing that need to be talk about in the other part of a business part. It is the most interesting part for investors as they may not have the whole time in the world to read every part of the business but with the well summary Executive summary it is easy for investors to get the key point needed for them to put in their money or not.
Another part of a business is the Marketing plan, here the market plan explain the market environment and all the necessary information needed to have a good market structure for the business so it can compete well among it competitors.