Business Plan Check List

Business Plan Check List-33
It helps you to quickly locate who you need to contact when starting and growing your business.

It helps you to quickly locate who you need to contact when starting and growing your business.Business Plan Checklist Company Name: Owner s Name: Date: It is recommended that the items mentioned be added to the business plan.

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A business plan is More information Excerpted from Fast Trac Growth Venture Whether you are creating a formal Business Plan or an internal working plan, your plan should be complete and free from errors.

Follow the instructions below to create More information How to Write an Effective Business Plan A good business plan is an invaluable tool for any business owner, whether you are just starting your new enterprise, expanding or changing strategic direction.

Industry Definition Describe the Nature of the Industry Detail the Size of the Industry [Total Sales in Dollars] Detail the Industry Growth Rate Address the Industry Trends Address Industry Seasonality Address Industry Trade Shows and Conventions Address Industry Opportunities Address Industry Threats Primary Competitors Identify Your Major Competitors Compare Your Major Competitors with Your Business [Price, Target Market, Location, Hours, Online, Features, Value Added Services, Warranties, Partners, Advertising & Promotions, Distribution, & Suppliers] Compare the Strengths & Weaknesses of Your 3 Major Competitors with Your Business Market Size Detail the Size of the Target Market for the Business [Total Sales in Dollars] Summarize Target Market Studies Market Growth Detail the Target Market Growth Rate Address the Target Market Trends Customer Profile Describe the Customer Profile of the Target Market Identify the Target Market by Geography [International, National, Regional, or Local] Discuss Who makes the Buying Decision Discuss Why the Buyer makes the Purchase Decision Identify Major Customers [Anyone Who Purchases 10% or More of Total Sales] MARKETING PLAN You need to discuss the competitive advantages and weaknesses of the business in this section.

Describe your pricing policies compared to the competition s pricing policies, address the distribution channels, present the promotion plan for your products and/or services, and detail your program for obtaining customer feedback and improving the quality of your products and/or services.

Remember the major purpose of this section is to entice the reader to read the entire plan.

It must sell the reader on the economic opportunity of this idea and your ability to make this venture successful.

Tip: You must sell the reader on the management team!

The reader is trying to determine the ability of the management team to make this venture a financial success.

Business Description Describe When & Why the Company Was Formed Describe What the Business Does Address Legal Structure Address Legal Liability Issues Company History Describe the History of the Business Describe Any Notable Accomplishments of the Business Current Position & Business Objectives Address the Stage of Business Development Identify the Key Business Objectives Provide a Timeline for Accomplishment of the Key Objectives Ownership Identify the Majority Owners of the Business & Their Ownership Interest PRODUCTS AND SERVICES You need to describe the products and/or services of the business in this section.

Provide a competitive analysis for the products and/or services, present information on your suppliers and inventory requirements, and discuss your research and development plans. Products/Services Overview Describe the Features of the Products & Services Identify the Unique Features Identify the Special Benefits to the User Provide Photographs of Products Competitive Analysis Provide an Overview of the Competitive Environment for the Products and/or Services Detail the Proprietary Protections Suppliers & Inventory Identify Major Suppliers [Summarize their Products] Identify any Major Sub-Contractors [Summarize their Services] Describe the Production Equipment Needs Discuss the Inventory Need [Include Capital Required for Inventory] Research & Development Describe the Research & Development Plan Discuss Attendance at Trade Shows and/or Conventions Detail Membership in Professional Associations THE INDUSTRY, COMPETITION, AND MARKET In this section, you need to define the industry, discuss the primary competitors, present the size and growth rate of the market, and describe the customer profile for the primary target market.

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