ABDUL HAKEM BIN SILAHHUDDIN 18DNS12F1031 NURFAZLIYANA BINTI ARSHAD 18DNS12F1033 UMI KALSOM BINTI ZAINON 18DNS12F1036 ZATI HAZRATI HANI BINTI ABD HAMID 18DNS12F1037 MUHAMAD ZUHAIRI BIN ABDULLAH 18DNS12F1038 DIPLOMA OF INFORMATION TECHNOLOGY (NETWORKING) INFORMATION TECHNOLOGY & COMMUNICATION DEPARTMENT JABATAN PENGAJIAN POLITEKNIK

 A formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.  It also contain background information about the organization or team attempting to reach those goals.  Target of business plan is changes in perception and branding by the customer, client, taxpayer, or larger community. BUSINESS PLAN

1) Create a new business. - Use a plan to establish the right steps to starting a new business, including what you need to do, what resources will be required, and what you expect to happen. 2) Back up a business loan application. - Like investors, lenders want to see the plan and will expect the plan to cover the main points. 3) Deal with professionals. - Share selected highlights or your plans with your attorneys and accountants, and, if this is relevant to you, consultants. WHY NEED A BUSINESS PLAN

 First and most important step is to identify who will be the audience reading the plan and what exactly is its purpose. HOW TO DRAW A BUSINESS PLAN

1) Executive summary - Most business plans begin with an executive summary that follows a specific format. This part of the plan summarizes your company's mission, the market opportunity, value proposition and plans to grow in the future. 6 WAYS TO DRAW A BUSINESS PLAN

2) Company overview - You'll want to define the market opportunity. Here you'll need to go into detail explaining how the different segments of the market add up to a total available market opportunity. Statistics and industry research will be critical in this section. 3) Product or service - The product description should be written in such a way that the business model becomes perfectly clear to the reader. They will want to understand how you plan to make money. This will lead into the financial model highlighting growth and expense projections CONTINUE…

4) Distribution - The distribution section should include details on how you plan to acquire customers. Is it through partnerships, online/offline marketing, search engine optimization, direct , public relations or something. 5) Analysis of competitors - This section should highlight how your company will gain share and how your product and model can be defended. CONTINUE…

6) Risk assessment - Lastly, you need to define the company risks. Every company, even Google has risks. You need to understand what they are and have a plan in place to mitigate those risks. CONTINUE…

 Single Ownership - A single individual always owns sole proprietorship form of business organization. That individual owns all assets and properties of the business. Consequently, he alone bears all the risk of the business. Thus, the business of the sole proprietor comes to an end at the will of the owner or upon his death. CHARACTERISTICS OF SOLE PROPRIETORSHIP

 No sharing of Profit and Loss - The entire profit arising out of sole proprietorship business goes to the sole proprietor. If there is any loss it is also to be borne by the sole proprietor alone. Nobody else shares the profit and loss of the business with the sole proprietor.  One-man’s Capital - The capital required by a sole proprietorship form of business organization is totally arranged by the sole proprietor. He provides it either from his personal resources or by borrowing from friends, relatives, banks or other financial institutions. CONTINUE…

 Less Legal Formalities - The purpose of the business and depending on the nature of the business, the sole proprietorship has to have a seal. He may be required to obtain a licence from the local administration or from the health department of the government, whenever necessary.

 Mutual Contribution - There cannot be a partnership without contribution of money, property or industry (i.e. work or services which may either be personal manual efforts or intellectual) to a common fund.  Division of Profits or Losses - The essence of partnership is that each partner must share in the profits or losses of the venture. CHARACTERISTICS OF PARTNERSHIP

 Co-Ownership of Contributed Assets - All assets contributed into the partnership are owned by the partnership by virtue of its separate and distinct juridical personality. If one partner contributes an asset to the business, all partners jointly own it in a special sense.  Mutual Agency - Any partner can bind the other partners to a contract if he is acting within his express or implied authority. CONTINUE…

 Limited Life - A partnership has a limited life. It may be dissolved by the admission, death, insolvency, incapacity, withdrawal of a partner or expiration of the term specified in the partnership agreement. CONTINUE…

 Right and Responsibility A company has a specific right and responsibility. It can acquire assets under its own name. A company can also take legal action and face legal action under its own name.  Liabilities the liabilities of the members in a company are limited to the total shares contributed to the companies capital.  Membership A company much have at least to member who are Malaysian nationality. CHARACTERISTICS OF PRIVATE LIMITED

 Board of Directors - Composition of the board of directors is set out in the company's articles of association.  Limited Liability - Shareholder liability for the losses of the company is limited to their share contribution only.  Life Span - Not affected by death of one of its shareholders, but her shares are transferred to the next of kin. CHARACTERISTICS OF PUBLIC LIMITED

THANK YOU…