The Business Plan

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The Business Plan
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What are the similarities of successful
entrepreneurs? Dont worry you can learn them!

• Persistence
• Desire for immediate feedback
• Inquisitiveness
• Strong drive to achieve
• High energy level
• Goal-oriented behavior
• Independent
• Demanding
• Self-confident
• Calculated risk taker
• Creative
• Innovative
• Vision

• Commitment
• Problem solving skills
• Tolerance for ambiguity
• Strong integrity
• Highly reliable
• Personal initiative
• Ability to consolidate resources
• Strong management and organizational skills
• Competitive
• Change agent
• Tolerance for failure
• Desire to work hard

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What is Creativity?
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Characteristics of Creative People
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Can you improve your creativity? YES! How?
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Is the solution reasonable?
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What is an Innovation?
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Where do innovative ideas come from
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Essential Elements of a Good Business Plan for
Growing Companies

• Executive Summary
• Market Analysis
• Company Description
• Organization Management
• Marketing Sales Management
• Service or Product Line
• Funding Request
• Financials Appendix

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Lets take a look at some videos to help deepen
our understanding of business plans!

• http//www.sba.gov/tools/audiovideo/deliveringsucc
  ess/index.html

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Part 1 The Executive Summary
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Contents of the Executive Summary

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Part 2 Market Analysis
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Industry Description and Outlook
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Identifying Your Target Market
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Lead Times
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Competitive Analysis
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Competitive Analysis
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Competitive Analysis
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Regulatory Restrictions
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Part 3 Company Description
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Part 4 Organization Management
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Organizational Structure
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Ownership Information
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Management Profiles
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Board of Directors' Qualifications
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Part 5 Marketing and Sales Strategies
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Your Overall Sales Strategy should include
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Part 6 Service or Product Line
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Part 7 Funding Request

• http//articles.bplans.com/financing-a-business

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Part 8 Financials
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Prospective Financial Data
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Part 9 The Appendix
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Lets review one more time all the sections of a
business plan!!!

• Executive Summary
• Market Analysis
• Company Description
• Organization Management
• Marketing Sales Management
• Service or Product Line
• Funding Request
• Financials Appendix
• For example business plans click on the below
  link
• http//www.bplans.com/sample_business_plans.cfm