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Comparison Of Business Plan

Satisfactory Essays
Business Plan 1:
1. Read “Quality Training”
(COMPARE AND CONTRAST OF BUSINESS PLAN)
A business plan is a document used by managers to communicate a business idea, and obtain approval or financial support that will allow the idea to be implemented.
2. Comparison of business plan “Quality Training”.

A. Executive summary:

- Executive summary is a format of a business plan as a whole, which can attract the customers by their company profile and goals. The first paragraph is the introduction of the business and is all about. Another paragraph should highlight some important points like projected sales and profits, unit sales, profitability and keys to success.

- In comparison “Quality Training executive summary are more detailed, covering enough
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So, in comparison “Quality training” offers:

• National recognized qualification
• Stand-alone
• Training needs analysis

D. Competitive comparison:

Comparing to Quality Training it is vital to analyze the competition in target market. Furthermore, it is important to outline and maintain a loyal customer. Being specific with comparison and include management responsibilities with dates and budget and making sure to track results.

Quality Training competitive comparison includes:
• Analysis of competitors
• Risks and opportunities
• Strategies to overcome perceived threats and weaknesses

E. Market analysis Summary:

Market analysis provides an overview of the industry sector that your business will be a part of, including industry trends and estimated industry sales. Also, an investigation of direct and indirect competitors should be included, with an assessment of their competitive advantage and an analysis of how to overcome any entry barriers of the chosen market.

“Quality Training” has identified the following business as key focus in terms of marketing. They include a logical segmentation breaks the market down into the
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Review of business plan:

It is intention of Quality Training to review their business plan on an annual basis and focus on:
• Effectiveness of marketing strategy
• Financial management
• Strategy review

In contrast with Quality Training, at the very least this section should include your projected income statement and cash flow. Also needs to include a balance sheet, sales forecast and break-even analysis.

In conclusion, business planning is essential for the success of any business. A business plan provides direction, keeps you on track and is usually a requirement when you seek finance. The following should include in business plan; Title page, business summary, about the business, about the market, the future, finances and documentation. “Quality Training business plan are clear, and understandable and can catch up the attention of the customers.

3. Compare the strength and weaknesses:

STRENGHT AND WEAKNESSES COMPARISON:

STRENGHT:
The strengths of Quality Training are to provide quality training and excellent customer services, Quality training has no current debt, loyal repeat customers and have a variety of offers to meet the client
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