I’m studying and need help with a Writing question to help me learn.
The next step you will take in developing your Business Plan is to complete the competitor analysis (step 10) and the description of the management team (step 11). Remember, in the description of the management team, place your chosen form of ownership and why that form is preferred.
Business Plan Elements
1. Title Page and Table of Contents
2. The Executive Summary
3. Mission and Vision Statements
4. Company History (If you are purchasing an existing business or are looking to expand an existing business)
5. Business and Industry Profile
6. Business Strategy
7. Describe the venture’s product or service
8. Marketing Strategy
9. Location and Layout
10. Competitor Analysis
11. Description of Management Team
12. Plan of Operation
13. Financial Statements
14. Loan or Investment Proposal
15. Conclusion
Competitor Analysis:
Table 1: Competitive Analysis
FACTOR |
Me |
Strength |
Weakness |
Competitor A |
Competitor B |
Importance to Customer |
Products |
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Price |
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Quality |
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Selection |
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Service |
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Reliability |
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Stability |
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Expertise |
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Company Reputation |
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Location |
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Appearance |
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Sales Method |
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Credit Policies |
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Advertising |
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Image |
Now, write a short paragraph stating your competitive advantages and disadvantages.
Who will manage the business on a day-to-day basis? What experience does that person bring to the business? What special or distinctive competencies? Is there a plan for continuation of the business if this person is lost or incapacitated?
If you’ll have more than 10 employees, create an organizational chart showing the management hierarchy and who is responsible for key functions.
Include position descriptions for key employees. If you are seeking loans or investors, include resumes of owners and key employees.
List the following:
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