SMALL BUSINESS PLAN GUIDE

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Presentation transcript:

SMALL BUSINESS PLAN GUIDE SMALL BUSINESS PLANNING 1

Note For detailed guidelines on developing an effective business plan and sample business plans, visit http://www.business-plan.co.za

Cover Page Name of the business Presented To Physical and postal address of the business Contact details Contact person Date completed Business logo

Index of contents List key sections of the business plan - cross referenced to the page numbers

Executive Summary Provide a succinct summary of your business plan. Your executive summary should be about 2 – 3 pages and should cover all the important factors of your business plan. Brief business concept or description Brief history of your business if available The products or services of your business Gap or opportunity in the market Size of the opportunity and growth potential Market analysis summary The target market Who are your competitors? What will be your competitive advantages? Who is in your management team? Funding requirements Proposed security Financial projections Inherent risks Exit strategy

Description of the business Provide a description of your business Company Ownership Company description - who you are, what you do, where you operate Company background - when, how and where you started. Articulate where you are currently with your business Location of the business Vision Mission Values Strategic objectives

The Market and Competitors Provide an analysis of the market and competitors in this section of your business plan Market overview Market segmentation Market attractiveness Target Market Positioning Customer analysis Competitor analysis Competitive advantages Provide a clear statement of what market you are targeting as well as the characteristics of that market in terms of needs, preferences, size, growth, trend and current and anticipated future direct and indirect competition.

Product or Service Offering Describe your product or service offering in detail. What unique features does your product or service offer. What value does your product or service offer? In essence, highlight all the competitive advantages of your product or service offering (s) Provide details on the following: Anticipated product life cycles Applicable patents, trademarks and licenses Research and development Technological aspects associated with your product or service

Market and Sales plan What strategy and plan do you have in place to capture your desired market share and achieve your business and market oriented goals and objectives? You may take the following aspects into consideration: Key marketing avenues - Advertising, sales promotion, personal selling, public relations and direct mailing as well as social networking  on sites such as Twitter and Facebook helps build relationships Branding and brand development – marketing literature, business logo, business cards, brochures, business presentations Pricing policy or strategy Distribution channels Customer value proposition Strategic alliances Sales strategy and plan

Operations Plan What physical necessities are necessary for your business operations? Take the following into consideration: Layout of the business Location and premises Accessibility of your business taking into account the key business stakeholder - employees, customers, suppliers, community and others Machinery, equipment, motor vehicles and other fixed assets Capacity of fixed assets used for operations The production process Policies and procedures Inventory and raw materials Quality control systems Customer service plans Any present and future research and development plans Legal environment

Human resource or staffing plan This section documents your staffing plan. The following must be taken into consideration: Provide an organisational chart or organogram Roles and responsibilities - provide key job descriptions Provide information on the Board of Directors (If applicable) Attach resumes from key management highlighting their skills, competence and expertise Details pertaining to compensation plans and policies Training requirements Information on consultants, advisers other support parties Performance Management System and other related systems

Financial plan In this section of your business, provide the following details: Funding requirements Business assumptions Proposed security Application of funds Data on overall financial picture Debt schedule Include financial projections based on future business assumptions. Statement of financial performance (Income Statement), Statement of financial position (Balance Sheet), Cash flow statement, Sensitivity analysis and Break analysis Valuations Financial history - attach past financial statements

Appendix or supporting documents List key items not included in business plan Past financial statements Business registration documents Tax clearance certificate Management resumes Owner’s Personal Financial Statement Manufacturing details – key products Customer contracts Agency or distribution contracts Sales literature Key consultants / advisory board Customer letters Results from marketing research http://www.business-plan.co.za