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Business Plan (Example)

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Business Plan Student’s Name Institutional Affiliation Introduction A business plan has different elements or components. Each component plays an important role in the business plan as it would not be considered complete in the absence of any of the components. The most important components are the executive summary the business description the organization and management team the SWOT analysis marketing techniques financial summary and economic principles. The paper below will discuss why the executive summary and the business description are important components of a business plan. The paper will also give a definition and importance of including a break-even analysis and the income statement in a business plan. Executive Summary Being a synopsis of the entire business business description gives a definition of the industry the product or service the customers and how a business can establish a competitive edge to increase sales. In the financial summary section the break-even analysis is vital as it indicates the relationship between the costs and revenues of the business. The income statements show the expenses revenues and the profitability of the business. References Davies T. & Crawford I. (2011). Business Accounting and Finance. New York NY: Pearson. McKeever M. (2016). How to write a Business Plan. New York NY: Nolo. McKeever M. (2016). The FT Essential Guide to Writing a Business Plan: How to win backing to start up or grow your business. New York NY: Pearson. [...]

Order Description:

The type of service and/or product your company sells is going to determine the structure of your business plan. The essential components of most business plans are; Executive Summary, Business Description, Product/Service, Mission/Vision Statements, Market Analysis, Organization & Management Team, Marketing Techniques, Financial Summary, and Economic Principles. • Select two different essential components and summarize why they are necessary for a business plan. • Executive Summary • Business Description • Organization and Management Team • S.W.O.T. • Marketing Techniques • Financial Summary • Economic Principles There are two key factors that will drive a business plan; the entrance into a market or expanding in a market. This is going to determine the financial needs, profits/losses, and projections of the business plan. The components of the financial section of a business plan are: a sales forecast; an expense budget; a cash-flow statement; a balance sheet; an income statement; a break-even analysis; and assets and liabilities. • Select two financial components and provide their definitions. State why they must be included in a business plan.

Subject Area: Accounting

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $10

Words 275

Pages 1

Completed in 6 days

Expert Mimi Kwamimi

Client Review

Great job!!


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