Business Plan Template
Section 1: The Basics
A. Company Name:
B. Design a company logo:
C. Explanation of Products Sold
Give important details about your business idea/ product. What is your product?
How is your business different than other business that create similar products?
How will you produce the product? (Tell about workers, how many workers, the location of business, everything you will need to produce the product)
How much will you produce? (estimated cost to start the business, what will this money be use for, how much inventory will you begin with, how will you get more inventory)
Who will buy your product? (who is the target market)
What will be the prices of products or services?
Section 2: Structure of the Company
A. Why do you want to create this business?
B. Explain the advantages and disadvantages of each business structure as they RELATE to YOUR BUSINESS. Which structure will work the best and why?
a. Sole Proprietorship
a. Advantages:
b. Disadvantages:
b. Partnership
a. Advantages:
b. Disadvantages:
c. Corporation
a. Advantages:
b. Disadvantages:
C. Which structure did your group decide on? Why? What type of liability will your business have?
Section 3: Competition
A. Who is your competition? Examine your competition in terms of quality, pricing, desirability and advertising.
B. How will this competition affect your business?
C. How will your product be different and more desirable than the competing products?
Section 4: Operational Plans-
What will you need to start your business? How much will it cost?
Explain the four factors of production. Be specific!
Factor / Definition / Explanation of how YOUR business will use this factor of production.Land
Labor
Capital
Entrepreneur
A. Explain how you will create these good or services.
B. How will you increase productivity and efficiency? (Make sure to mention how you will have workers specialize in tasks and how you will divide labor.
Section 4: Employer-Employee Relations
A. Describe the task of the employees. How many employees will you have? How will you supervise and train your employees?
B. What benefits will you provide for your employees?
Section 5: Five-year Plan
A. What things outside of your control will possibly make your business succeed in the five years?
B. What things outside of your control will possibly make your business fail in the five years?
C. How do you plan to grow your business over the next 5 years?
Section 6: Conclusion:
A. Why should the investors put their money in your company and not the others?