Business Plan Example

A business plan is a summary of the business objectives of the company and the procedures to be followed for attaining those objectives. A Business Plan Example can be the detailed steps within a business plan at each stage of decision making. It is a systematic assessment of all the factors which are critical to the business goals and strategies. Strategic Planning involving the long-term objectives and goals may also be included in a business plan example. While externally focused business plans constitute information important to financial stakeholders of the company, internally focused business plans concentrate on the development of a new product, a new service or a restructuring of the company including its finances. The primary value of a business plan is to create a written outline plan that encompasses all the aspects of the economic viability of the business venture including a description and analysis of the business prospects. It is at this juncture that writing of the business plan becomes so relevant which will help in realizing the true potential of the business.

The business plan while focusing on the objective of the business using appropriate information and analysis can be used as a selling tool in dealing with important relationships with the lenders, investors and banks. A business plan can uncover some of the strengths and weaknesses in the planning process and expert advices and opinions from people in the intended field of business may be solicited using the plan. Business plans should not be too futuristic in manner and reasonable and conservative short term objectives relating to capital requirements, timelines, sales and profits are better to be adhered to.

A business plan example can consist of the following:-

Vision Statement: A concise outline of the business goals and objectives. Establishing people-to-people relationships:Building relationships with people such as vendors, lenders and investors who are instrumental in determining the success of the business is of prime importance. So it is important to effectively assign persons with the best jobs suited to them which will bring about the efficient allocation of human resources.

The Business Profile: It should include a description of the intended business and the plan to go about it. Businesses should be focused on the specialized market they want to serve.

Economic Assessment: The viability of the business venture including a detailed approach using Cost-Benefit Analysis and the assessment of the economic environment within which the business will function with competing firms trying to eat up the company’s share has to be a part of the proposed business plan.

Cash Flow Assessment and Analysis: Identifying a line of credit, the capital requirements of the company including raising equity from venture capital sources is incorporated in this part of the plan. Venture capital is private equity capital provided by outside sources such as investors to finance a new or struggling business.

Lastly, plans regarding marketing and expansion of the business are an integral part of the business plan examples for a small and large business. The US Small Business Administration (SBA) is a valuable resource for small businesses in the USA which provides useful tools such as the financial planner and business management tips.

An exemplary business plan has to however incorporate the basic points of the corporate history of the business, the products offered by them, the managerial hierarchy of the company (the Chief Executive Officer, the Marketing Executive, the Operations Executive and the Financial Executive), the operational results (gross revenue, overhead expense and the balance sheet details) and the financial details. It is fundamental to the business plan examples of today diversify its development and production and sales and marketing strategies in this rapidly changing and globalized world.