![HRM strategy Structure of organisation Manpower planning Supervision Benefits / compensation [retention] Legal & regulatory obligations Key personnel](https://image.slidesharecdn.com/making-a-business-plan-13409/85/Making-a-business-plan-12-320.jpg)
Making a business plan
- 1. MAKING A BUSINESS PLAN Rajeev Roy
- 2. Uses of a Business Plan Comprehensiveness Communication Guidance Firms that plan better are more likely to succeed
- 3. Who is it for? Self Investor Debt Equity Key employees Significant others
- 4. Elements of the Business Plan
- 5. Preliminary sections Cover page Table of contents Executive summary
- 6. Major sections Background History Current situation Firm’s advantage Objectives (quantitative / qualitative) Short term Long term
- 7. Market analysis Overall market Specific market Focus on the consumer Competitive factors Macroeconomic influences
- 8. Development and production Stages of product development Production process Use of flow charts Resources (and risks) Quality program
- 9. Marketing strategy Overall concept and orientation Marketing strategy Discuss along 4 Ps Sales forecast Size of market Market penetration Pricing Follow up segments
- 10. Financial statements Projected profit and loss statements Projected cash flow statement Projected balance sheets IRR and NPV projections Break-even analysis In a table
- 11. Financial strategy Financial resources Sources – pref. for debt/equity Uses – priorities, expansion plans Internal control and monitoring systems
- 12. HRM strategy Structure of organisation Manpower planning Supervision Benefits / compensation [retention] Legal & regulatory obligations Key personnel
- 13. Ownership CVs of promoters Form of business Subsidiaries, holding companies Equity positions
- 14. Critical risks & contingencies Failure to produce product promised Failure to meet production deadlines or sales forecasts Problems with suppliers and distributors Unforeseen industry trends Unseen political, economic, social, technological events
- 15. Critical risks & contingencies (cont.) Retaliation by competitors Problems related to inexperienced mgmt Problems related to unproven technology Difficulties in raising adequate finance Other issues specific to the firm
- 16. Schedule / Milestones Completing licensing / permit requirement Completion of R & D efforts Completion of product/prototype testing Purchase/lease of facilities Construction timetable Hiring Begin production
- 17. Appendices Financial statements Photo or drawing of your product Photo of location Layout diagram Sales & profitability forecast charts Market survey & documentation
- 18. Appendices Fixed asset acquisition schedule Sample press releases, adverts Price lists, catalogues Individual & corporate tax returns CVs of promoters, key individuals