Elements of a Successful Business Plan Business Plan Preparation Business Practice Firm Pascack Valley High School.

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Elements of a Successful Business Plan Business Plan Preparation Business Practice Firm Pascack Valley High School

Agenda Elements of a Successful Business Plan Twelve Steps to a Successful Plan –Twelve Components Step One – Assess Feasibility

Elements of a Successful Business Plan Executive Summary Company Overview Product Plan Industry/Marketplace Analysis Marketing Plan Operations Plan Development Plan Management Financial Summary Offering Appendices –5-yr P&L –5-yr Balance Sheet –5-yr Cash Flow –1-yr monthly CF –Other support docs

How to write a plan? MktgOpsDevelop Append Done? Linear Model Iterative Model Business Plan Marketing Operations Development Financials

Iterative Approach: Twelve Steps – Twelve Weeks 1. Assess Concept 2. Industry Analysis 3. Marketing Plan 4. Operations Plan 5. Development Plan 6. Build Strategy 7. Revenues & Expenses 8. Financials 9. Funding 10. Valuation and Offer 11. Publish your Plan 12. Present your Plan

Step One – Assess Feasibility Quick Feasibility Analysis Bring all members of team up to speed Review critical plan components Identify missing information / research