Final Business Plan

Last updated over 1 year ago

91 questions

Final Business Plan

Last updated over 1 year ago

91 questions

What is the total startup costs for the investment opportunity?

What are the annual fixed expenses for the business?

What is your business opportunity?

Describe the problem/unmet need your business is solving?

How does your business solve the problem/unmet need?

1.2 Type of Business What is your type of business? (Manufacturing or Service) Describe in detail why you chose this business type.

1.4 Mission Statement A mission statement is a company’s constant reminder to its employees and customers of why the company exists in a concise way.
Describe what your company does best and why in one to two sentences.

(1.5) Social Responsibility Social Responsibility is often described as “doing well by doing good.” In addition to making a profit entrepreneurs need to consider how they support social good.

How is your business socially responsible? Be specific.

(1.7) How do you plan to give back to a social cause with either your time and/or money?

(1.6) Qualifications What are your personal qualifications to run this particular business? (experience, certification, classes, skills) To complete this section refer to your strengths from your SWOT.

What industry does your business belong to? Describe why your business fits within this industry.

What is the size of that industry? (For example: revenue, services providers, and industry trends)

What is the size of your potential target market?

2.2 Target Market Based on your research, describe your market segment within your target market. Be as detailed as you can, using the following guiding questions. Demographics: What objective social and economic facts did you find? Geographics: Where do your customers live, or where are businesses located? Psychographics: What are some psychological characteristics (attitudes, beliefs, interests, etc…) of your customers? What are the buying patterns for your target market?

2.3 Competitors Which direct competitors run similar businesses? Describe these competitors in detail.

[Business Name] [Date] Question 10: 3.3 Variable Expenses List all the variable expenses, materials, and labor related to your unit of sale. Materials Material Description Bulk Price Bulk Quantity Quantity per Unit Cost per Unit [text] $ [value] [value] [value] $ [value] [text] [value] [value] [value] [value] [text] [value] [value] [value] [value] [text] [value] [value] [value] [value] Total Material Costs per Unit $ [value] Labor Cost of Labor per Hour Time (in hrs) to make one unit Total Labor Costs per Unit $ [value] EOU (Economics of One Unit) Material Costs Labor Costs TOTAL EOU $ [value] $ [value] $ [value]

3.4 Economics of One Unit Selling Price per Unit $ [value] Variable Expenses per Unit Cost of Goods Sold Materials $ [text] Labor [text] Total Cost of Goods Sold $ [text] Other Variable Expenses Commission $ [text] Packaging [text] Other Total Other Variable Expenses $ [text] Total Variable Expenses $ [text] Contribution Margin per Unit $ [text]

What is the business name?

What is the date?

What is 11?

[Insert Business Name]

[Insert Date]

13

[Insert Business Name]

[Insert Date]

14

What visual merchandising will you do as part of your promotional strategies? Why will this visual merchandising be effective for reaching your target market?

What publicity and public relations will you include as part of your promotional strategies? Why will these publicity and public relations initiatives be effective for reaching your target market?

What sales promotions will you include as part of your promotional strategies? Why will these forms of sales promotions be effective for reaching your target market?

Final Business Plan

Final Business Plan

What is the total startup costs for the investment opportunity?

What are the annual fixed expenses for the business?

What is your business opportunity?

Describe the problem/unmet need your business is solving?

How does your business solve the problem/unmet need?

1.2 Type of Business What is your type of business? (Manufacturing or Service) Describe in detail why you chose this business type.

1.4 Mission Statement A mission statement is a company’s constant reminder to its employees and customers of why the company exists in a concise way. Describe what your company does best and why in one to two sentences.

(1.5) Social Responsibility Social Responsibility is often described as “doing well by doing good.” In addition to making a profit entrepreneurs need to consider how they support social good. How is your business socially responsible? Be specific.

(1.7) How do you plan to give back to a social cause with either your time and/or money?

(1.6) Qualifications What are your personal qualifications to run this particular business? (experience, certification, classes, skills) To complete this section refer to your strengths from your SWOT.

What industry does your business belong to? Describe why your business fits within this industry.

What is the size of that industry? (For example: revenue, services providers, and industry trends)

What is the size of your potential target market?

2.3 Competitors Which direct competitors run similar businesses? Describe these competitors in detail.

What is the business name?

What is the date?

What is 11?

[Insert Business Name]

[Insert Date]

13

[Insert Business Name]

[Insert Date]

14

What visual merchandising will you do as part of your promotional strategies? Why will this visual merchandising be effective for reaching your target market?

What publicity and public relations will you include as part of your promotional strategies? Why will these publicity and public relations initiatives be effective for reaching your target market?

What sales promotions will you include as part of your promotional strategies? Why will these forms of sales promotions be effective for reaching your target market?

What is the total startup costs for the investment opportunity?

What are the annual fixed expenses for the business?

What is the estimated revenue for year one?

What is the estimated profit for year one?

What is the ROS (Return on Sales) percentage?

What is the ROI (Return on Investment) percentage?

How many break-even units are required per month?

What is your business opportunity?

Describe the problem/unmet need your business is solving?

How does your business solve the problem/unmet need?

1.2 Type of Business What is your type of business? (Manufacturing or Service) Describe in detail why you chose this business type.

1.4 Mission Statement A mission statement is a company’s constant reminder to its employees and customers of why the company exists in a concise way. Describe what your company does best and why in one to two sentences.

(1.5) Social Responsibility Social Responsibility is often described as “doing well by doing good.” In addition to making a profit entrepreneurs need to consider how they support social good. How is your business socially responsible? Be specific.

(1.7) How do you plan to give back to a social cause with either your time and/or money?

(1.6) Qualifications What are your personal qualifications to run this particular business? (experience, certification, classes, skills) To complete this section refer to your strengths from your SWOT.

What industry does your business belong to? Describe why your business fits within this industry.

What is the size of that industry? (For example: revenue, services providers, and industry trends)

What is the size of your potential target market?

What data did you find that supports your business opportunity?

2.3 Competitors Which direct competitors run similar businesses? Describe these competitors in detail.

What is the business name?

What is the date?

What is 11?

What are the 3.5 Fixed Expenses for One Month?

List the Expense Type, Monthly Cost, and Explanation for each fixed expense.

Business Name: Insert Business Name

Date: Insert Date

Income Statement for First Year of Operations. What is the formula for calculating REVENUE?

Income Statement for First Year of Operations. What is the formula for calculating Gross Sales?

Income Statement for First Year of Operations. What is the formula for calculating Sales Returns?

Income Statement for First Year of Operations. What is the formula for calculating Net Sales?

VARIABLE EXPENSES. What is the formula for calculating Materials cost?

VARIABLE EXPENSES. What is the formula for calculating Labor cost?

VARIABLE EXPENSES. What is the formula for calculating Total Cost of Goods Sold?

Other Variable Expenses. What is the formula for calculating Commission cost?

Other Variable Expenses. What is the formula for calculating Packaging cost?

Other Variable Expenses. What is the formula for calculating Other costs?

Other Variable Expenses. What is the formula for calculating Total Other Variable Expenses?

Other Variable Expenses. What is the formula for calculating Total Variable Expenses?

Other Variable Expenses. What is the formula for calculating CONTRIBUTION MARGIN?

FIXED OPERATING EXPENSES. What is the formula for calculating Insurance cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Salaries cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Advertising cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Interest cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Depreciation cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Utilities cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Rent cost per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Other fixed expenses per year?

FIXED OPERATING EXPENSES. What is the formula for calculating Total Expenses?

FIXED OPERATING EXPENSES. What is the formula for calculating PRE-TAX PROFIT?

FIXED OPERATING EXPENSES. What is the formula for calculating Taxes at 15%?

FIXED OPERATING EXPENSES. What is the formula for calculating NET PROFIT?

1.4 Mission Statement A mission statement is a company’s constant reminder to its employees and customers of why the company exists in a concise way.
Describe what your company does best and why in one to two sentences.

(1.5) Social Responsibility Social Responsibility is often described as “doing well by doing good.” In addition to making a profit entrepreneurs need to consider how they support social good.

How is your business socially responsible? Be specific.

1.4 Mission Statement A mission statement is a company’s constant reminder to its employees and customers of why the company exists in a concise way.
Describe what your company does best and why in one to two sentences.

(1.5) Social Responsibility Social Responsibility is often described as “doing well by doing good.” In addition to making a profit entrepreneurs need to consider how they support social good.

How is your business socially responsible? Be specific.