Entrepreneur Business Plan

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The IT Entrepreneur Business Plan The business plan is an integral part of the Entrepreneurial process. It outlines the needs and resources of your business model and maintains stability. The business plan consists of a few key factors including the Executive summary, Company description, Products and services, an analysis of the market, the implementation of the business, organizational structure, and finally the financial plan.1 The following information was gathered from The 7 Essential Sections of a Business Plan. (2009, September 24) published by The National Federation of Independent Business 1 Executive summary The executive summary is an overview of the business plan. It should include the business name and location, the company's mission statement, the products and services offered and the purpose of the plan. Overall a fairly short section but as the header of the plan it is important to showcase what the business plan is all about. Company Description Explains the companies goals and who you are as a whole. Include the legal form of your business as well as a brief history. Also include an overview of your products and services to ensure it is know what you actually do. Financial gain and market highlights are always good to show off here and you should also include your future business goals. Products and services This is where you go in to more detail about the products and or services that you offer. Sell yourself by outlining customer benefits and include some description on smaller 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 makes you stand out amongst them. Market analysis Included... ... middle of paper ... ...seeing parts strewn about or less than professional décor will make them believe that you do not run a proper business. On the other hand, if your place of work shows an air of class, the client can expect you to perform well on your tasks. The same goes for packaging. If you release a product you must remember that packaging is everything. The first thing the customer will see is the box your stuff is in. If it looks unsightly, they probably will not purchase it. Clients The client is your most important part of a business. Without a client to give you money, you have no reason to be running a business. 7 Essential Sections of a Business Plan. (2009, September 24). National Federation of Independent Business. Retrieved April 20, 2014, from http://www.nfib.com/article/7-essential-sections-of-a-business-plan-49946/ 1 http://en.wikipedia.org/wiki/Bricks_and_clicks2

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