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  • Essay / Entrepreneur's Business Plan - 1190

    The IT Entrepreneur's Business PlanThe business plan is an integral part of the entrepreneurial process. It describes the needs and resources of your business model and maintains stability. The business plan consists of a few key factors including the executive summary, business description, products and services, market analysis, business implementation, organizational structure and finally the financial plan .1 The following information was collected from the 7 Essential Sections of a Business Plan. (September 24, 2009) published by the National Federation of Independent Business 1Summary The executive summary is an overview of the business plan. It should include the name and location of the business, the company's mission statement, the products and services offered, and the objective of the plan. Overall, this is a fairly short section, but as a header to the plan, it's important to introduce what the business plan is about. Company Description Explains the company's goals and who you are as a whole. Include the legal form of your business and a brief history. Also include an overview of your products and services to make sure you know what you actually do. Financial gains and market strengths are always good to show here and you should also include your future business goals. Products and Services This is where you go into more detail about the products and/or services you offer. Sell ​​yourself by describing the benefits to the customer and include a description of small details such as suppliers and costs. Be sure to include patent and trade secret information here. You may also want to include an analysis of your competitors and what sets you apart from them. Market Analysis Included...... middle of paper ...... seeing scattered rooms or less than professional decor will make them think you're not running a real business. On the other hand, if your workplace presents an air of class, the client may expect you to perform your tasks well. The same goes for packaging. If you are launching a product, you must remember that packaging is essential. The first thing the customer will see is the box your stuff is in. If it looks unsightly, they probably won't buy it.CustomersThe customer is your most important part of a business. Without a customer to give you money, you have no reason to run a business. 7 essential sections of a business plan. (September 24, 2009). National Federation of Independent Business. Retrieved April 20, 2014 from http://www.nfib.com/article/7-essential-sections-of-a-business-plan-49946/1http://en.wikipedia.org/wiki/Bricks_and_clicks2