BUSINESS PLAN MOHD KHAIRUL ASYAD BIN MOHD TOMIZI 18DNS12F1045 WARDAH BINTI JOHARI 18DNS12F1047 NUR AMIRAH BINTI ABD RAZAK 18DNS12F1048 NURAZIEN BINTI ABDUL RAZAK 18DNS12F1049 NURHADHIRAH BINTI ABD AZIZ 18DNS12F1050

 A business plan is a formal statement of a set of business goals.  It may also contain background information about the organization or team attempting to reach those goals.  Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community.  3 to 5 year business plan is required, since investors will look for their annual return in that timeframe. BUSINESS PLAN

3 TYPES OF BUSINESS PLAN  One-pages business plan A one-page business plan is exactly what it sounds like: a quick summary of your business delivered on a single page.  Internal business plan The internal business plan dispenses with the formalities that are needed when presenting a plan externally and focuses almost exclusively on business strategy, milestones, metrics, budgets, and forecasts.  External business plan External business plans, the formal business plan documents, are designed to be read by outsiders to provide information about a business.

WHAT TO INCLUDE IN YOUR BUSINESS PLAN  Executive summary The executive summary should provide a quick overview of the problem your business solves, your solution to the problem, and the business’s target market key.  Products and services The products and services chapter of your business plan delves into the core of what you are trying to achieve,you will detail the problem you are solving and how you are solving it.  Management team The management team chapter of a business plan is critical for entrepreneurs seeking investment, but can be omitted for virtually any other type of plan.

CHARACTERISTICS OF BUSINESS OWNERSHIP Characteristics of a Sole Proprietorship  Ownership As the sole proprietor, the business owner makes all business decisions. The owner controls and manages the proprietorship while creating and implementing changes.  Liability As the sole owner of the business, the sole proprietor accepts complete responsibility for the business's liabilities, as well as its income.  Considerations The sole proprietorship is the easiest business structure to create. Since the business requires no charter the business can be created within minutes without cost.

Characteristics of a Partnership  Limited life The life of a partnership may be established as a certain number of years by the agreement.  Ease of formation Other than registration of the business, a partnership has few requirements to be formed.  Number of partners The informality of decision making in a partnership tends to work well with a small number of partners. Having a large number of partners, Particularly if all are involved in operating the business, can make decisions much more difficult.

Private Limited Company  A private limited company is a voluntary association of not less than two and not more than fifty members, whose liability is limited.  It is relatively less cumbersome to organise and operate it as it has been exempted from many regulations and restrictions to which a public limited company.  The liability of its members is limited.  The shares allotted to it's members are also not freely transferable between them. These companies are not allowed to invite public to subscribe to its shares and debentures.  It enjoys continuity of existence i.e. it continues to exist even if all its members die or desert it.

Public Limited Company  A public limited company is a form of business organization that operates as a separate legal entity from its owners. It is formed and owned by shareholders.  Limited Liability Shareholder liability for the losses of the company is limited to their share contribution only. This is what makes it a separate legal entity from its shareholders.  Financial Privacy Public limited companies are strictly regulated and are required by law to publish their complete financial statements annually.  Number of Members A public limited company has a minimum number of seven shareholders or members and a limitless number of members.