FUTURE BUSINESS PLAN

Business Plans

    •(Plan A) The Ingredients of a Marketing Plan 

  •There have 10 Ingredients of a marketing plan
•1. Understanding the market situation
•2. Look where you can find the best opportunities
•3. Analyze your threats
•4. Positioning statement
•5. Narrow down your target market
•6. Set up your goals
•7. Make a time frame
•8. What channels will you use?
•9. Set up a clearly defined budget
•10. Make an executive summary

         •(Plan B) Updating Business Plan 

Why need to update business plan?
10 Reasons to update business plan ......

Managing the Planning Process

•(Plan C) Enhancing Business Plan 

  •There are 10 tips to improve business plan.

•(Plan D) Market Strategies 

•Marketing Strategies are the result of a meticulous market analysis. A market analysis forces the entrepreneur to become familiar with all aspects of the market so that the target market can be defined and the company can be positioned in order to garner its share of sales. A market analysis also enables the entrepreneur to establish pricing, distribution, and promotional strategies that will allow the company to become profitable within a competitive environment. In addition, it provides an indication of the growth potential within the industry, and this will allow you to develop your own estimates for the future of your business.

 

•(Plan E) Competitive Analysis          

•How you price your product is important because it will have a direct effect on the success of your business. Though pricing strategy and computations can be complex, the basic rules of pricing are straight forward:

•(Plan F) Design & Development Plan 

  •A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

•(Plan G) Operations & Management Plan
•What are their current strategies?
•What type of media are used to market their products or services?
•How many hours per week do they purchase to advertise through the media used in this market?

•(Plan H) Financial Factors 

•The cash-flow statement is one of the most critical information tools for your business, showing how much cash will be needed to meet obligations, when it is going to be required, and from where it will come. It shows a schedule of the money coming into the business and expenses that need to be paid. The result is the profit or loss at the end of the month or year. In a cash-flow statement, both profits and losses are carried over to the next column to show the cumulative amount. Keep in mind that if you run a loss on your cash-flow statement, it is a strong indicator that you will need additional cash in order to meet expenses.

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