... SCORECARD
This approach is an attempt to blend together quantitative
numerical analysis with qualitative analysis of other elements
that are important to organisations, such as:
● The customer’s ... on assets, return on capital, profit
● Long-term survival - looking to the future
and innovating to create extra value
It is a measure that will drive the shape of
all plans, as each must address ... address all four
aspects of the scorecard.
It can be difficult to use in practice, however,
and can cause confusion if inadequately explained.
33
PLANNING PROCESS
2: EXTERNAL ANALYSIS
An analysis...
... plan
• Market research studies
• List of assets available as collateral fora loan
Page 19 of 27
VIII. Personal Financial Statement
Include personal financial statements for each owner and major ... it.
Opening Day Balance Sheet
A balance sheet is one of the fundamental financial reports that any business needs for reporting and financial
management. A balance sheet shows what items of value are ... will show what is available. Bankers and investors usually want this
information as well.
Page 11 of 27
FACTOR
Me Strength Weakness Competitor A Competitor B
Importance to
Customer
Quality
Selection
Service
Reliability
Stability
Expertise
Company...
... carefully – it is always useful for others to proof read the plan before it is sent
out
• show the planto an advisor such as your accountant - he/she will be able to cast a professional eye over ... only a vital instrument is applying for and securing funding but also a useful business
management tool that can assist in the day to day operation of a business. It can help you spot pitfalls ... the businessplan
To make sure that your businessplan has the maximum impact, there are a number of factors you should consider
Remember to keep the plan short – it is more likely that a...
... for evaluating and managing an
operation.
A businessplan details the overall entrepreneurial concept behind a planned
business. It gives an exact summary of the economic circumstances, the targets ... to help you.
Plan your approach.
Drawing up abusinessplan is a very complex undertaking.
Many variables must be considered and analyzed systematically, in a logical order.
A detailed outline ... category into separate stages, such as purchasing, raw materials
processing, component manufacture and assembly. You may also need to separate
sales into logistics, wholesale distribution, and...
... wants to
open a dress shop, and she has allowed me to use her plans and thought processes as an example
of a complete and well-prepared businessplanfora retail store. You’ll find parts of ...
3 .How to make customers and employees think the business is special
4 .How to know what the customers want—today and, more important in the clothing business, to
keep half -a- step ahead
... challenging part is to make your profit
estimate SWAGs as realistic as possible and then make them come true.
The best way to make a SWAG about your business profitability is to do a...
... incorrect: Jason Wallach is a friend and a CPA in Santa
Rosa; his input was very helpful. Harry Keller of the Santa Rosa SBA office was kind enough to
explain several intricacies of that system to me.
... numbers are available by obtaining total sales volume
of grocery stores from the state sales tax agency; normally that data is broken down by county.
They estimate how many people live in the area ... contain blank forms as well as sample business plans fora manufacturing
company, a project development and a service business.
C. Howto Use the Self-Evaluation Lists
After you’ve...
... Ideal 20
Do You Really Want to Own a Business?
2
CHAPTER
4
|
HOWTOWRITEABUSINESS PLAN
Note that the appendixes contain
blank forms as well as business plans
for a small service business, ...
estimate SWAGs as realistic as possible and
then make them come true.
The best way to make a SWAG about
your business profitability is to do a break-
even forecast. Although a break-even
analysis ... the United
States Census, which lists average income
Appendixes
A
BusinessPlanfora Small Service Business 207
B
Business Planfora Manufacturing Business 223
C
Business Planfor Project Develpment...
... controller and
nancial advisor to an online retail business. You can contact him at
mckeever.mp@gmail.com.
32 | HOWTOWRITEABUSINESS PLAN
such as your anticipated location and target
customers, ... make financial projections,
and have done the necessary research,
you may be able to create aplan in
one day. But understand that a quick
plan is a stripped-down version of
a business plan. ... plenty of capital to ensure
22 | HOWTOWRITEABUSINESS PLAN
QUICK PLAN
If you’ve chosen the quick plan
method to prepare abusinessplan (see Intro-
duction), you need to read and complete...
... overall business plan, such as a new business proposal to the financial
community.
There are many ways to develop and format a marketing plan . The approach taken here is to present a
6-Part plan ... of this information can be handled within a graphical format, such as tables and graphs, though a
paragraph explanation of each is generally required. Make sure to include total dollar (or other ...
Other Areas
Preferably this section includes a brief summary of current marketing decisions (see Situational
Analysis) so readers of the plan can easily compare what was planned to what is planned....
... characterization: The applicant has failed to include enough
information about the chemical characterization of a natural product or adequate
information about the source and quality of a product ... Federal Drug Administration
(FDA). Contact FDA or NCI program staff for information or appropriate referral for
information. Just because a natural product or dietary supplement is available ... cancer patients. The CEGP awards (R25Es) address a need that is
not fulfilled adequately by any other grant mechanism available at NIH. These awards are
dedicated to areas of particular concern...
... personal data, here are the
summaries on the main guidelines over data
privacy laws for USA, Australia, Canada,
United Kingdom, India, and the European
Union.
2.1.1. United States of America (USA)
The ... confidential
manner. Businesses must have appropriate
safeguards for processing personal data.
1.3. Quick Facts
that collect, use and share customer
information in a variety of circumstances.
For instance, ... the
What is personal information? Personal
information can be anything that can be used
to identify an individual, not limited to but
including:
Name
Address
Date of birth
Marital status
Contact...
... financial
community.
There are many ways to develop and format a marketing plan . The approach taken here is to present a
6-Part plan that includes:
1. Part 1: Purpose and Mission
2. Part ... threats
Part 2: Situational Analysis
5. Financial Analysis for Product or Product Line
Much of this information can be handled within a graphical format, such as tables and graphs, though a ...
paragraph explanation of each is generally required. Make sure to include total dollar (or other currency)
amounts as well as percentage market share. For more detailed marketing plans or for...