|
Home / Business / Ethics
Keys to a Good Business Plan.
By:Anthony Jewell
A business plan is a very important part of any business. It is usually drawn up before the business launches, but can also be developed after a business has already taken off. A good plan can take some time to develop but the effort you put into it will be well worth it to make your business succeed. Not many people know exactly what goes into a good business plan. What alot don't realize is that each business plan is unique to each business. Just because a Candy Shop's business plan is successful for them doesn't mean it will be successful for a Webhosting business. Though the design of the business plan may be similar, it is truly the details inside that make it work.
Here is an example outline of a business I developed for Logo2D.com . This will give you an idea of some of the subjects that go into a good business plan:
1.0 Executive Summary
1.1 Objectives
1.2 Mission
2.0 Company Summary
2.1 Company Ownership
2.2 Company History (for ongoing companies) or
Start-up Plan (for new companies)
2.3 Company Locations and Facilities
3.0 Products and Services
3.1 Product and Service Description
3.2 Business Advertising Program
3.3 Sourcing and Fulfillment
3.4 Technology
4.0 Strategy and Implementation Summary
4.1 Customers, Target Market & New Technology
4.2 Competitive Edge
4.3 Marketing
4.4 Main Competitors
4.5 Strategic Alliances
4.6 Milestones
5.0 Web Plan Summary
5 Development Information
6.0 Management Summary
6.1 Organizational Structure
6.2 Personnel Plan
7.0 Financial Plan
7.1 Break-even Analysis
7.2 Projected Profit and Loss
7.3 Projected Balance Sheet
As you can see it seems a little complex, but the best thing to do is to break it down into parts. Usually each category(Category 1-7) will remain the same on most business plans. Some categories may be added in or taken out all together. The key is to provide as much essential data as possible. For example on Number 5.0 - Web Plan Summary. You business plan mike look something like this:
Part: 5.0 Web Plan Summary
5 Development Information
Logo2D.com has already developed the necessary tools for business including:
- Business Identity
Our logo is unique to us, displaying a eye appealing, unique symbol that when seen can be easily recognized as Logo2D.com creating brand labelling.
- Ecommerce service
Logo2D.com features a fully operational ecommerce website system that allows products to be added through an admin section on the site. It also has the ability to take, receive and process orders, remove sold products, creating promotional offers and coupons/vouchers and also displaying featured products on the front page of the website. Also included in the ecommerce program is an area to add, create and manage website ads placed on the Logo2D.com.
- Website development
All graphics for the website development have already been developed, coded and integrated into the ecommerce system. The website is live and taking orders on www.Logo2D.com
- Products
Development needed products(such as logos) have already be developed and an inventory of over 150 products are on the website at any given time. As soon as logo is sold(as well as during down times) a new logo/new logos are being developed to the highest of quality and added back onto the website.
- Marketing Material
Marketing plan and materials are in the works.
As you can see from above what details are given have already been researched and found out. There aren't any comments from a personnel stand point, just facts that have proven. You can also project different areas of your business plan but you will have to do some research on this as well. So when you are developing your business plan you want to deal with facts and information you already have or can get(not comments or guesses).
When developing a good business plan, research is definitely key. The effort you put into it will determine the effort you will put into your business.
Digg
del.icio.us
Blink
Stumble
Spurl
Reddit
Netscape
Furl
Article keywords: commerce, business plan, development, ecommerce
Article Source: http://www.articles2k.com
Anthony Jewell has over 6 Years experience in the Web & Graphics World. You can visit my business and join in conversation at our forum at http://www.logo2d.com/forum & http://www.logo2d.com
©Copyright 2005 Logo2D.com
|
|
| Top Ethics Articles |
- 1). Ethics & Leadership in Business Development By : William Scheessele
In the 25 + years of working with some of the best people in Business Development within the power generation industry, we have found some unique characteristics that separate these individuals from the rest. It doesn’t seem to matter what organization they work for, or the services, the client base or the economic climate. We find that these individuals are in fact the top 3% of the professionals in their field.
|
|
|
- 3). How to Gain Respect and Support for Yourself and Your Business By : Kunbi Korostensky
To gain respect from others, you have to respect yourself first. People will give you their undying respect as long as they recognise that you portray these 3 key attrib-utes: trustworthiness, integrity and mindfulness. Because having these qualities demonstrates your level of consciousness and maturity.
|
- 4). What Investigative Reporting Entails By : paul wilson1
The field of investigative reporting involves bringing to the fore facts and figure that affect human interests and fair governance. This means conducting in depth research, looking at public records, doing extensive interviews, as well as checking and rechecking of facts before publication. Whether print or television, investigative reporting is essentially “watchdog” reporting.
|
- 5). Titanic Precautions By : Sean North
Many movies have been made about the tragic story of the Titanic. Arrogance and ignorance was definitely present during its maiden voyage, which was Titanic’s last voyage.
Many warnings were given, but unfortunately, the warnings were not taken seriously. On April 14th, 1912 Titanic received six warnings that icebergs were present in their perimeter.
|
- 6). Your lenders are spying on your clients By : Ameen
As mortgage brokers we are always in jeopardy of losing our customers to the lenders we work with.
We deal with our clients for a short amount of time, but the lender is in constant communication with them for years. And whenever your customers are asked who their mortgage company is, they will usually answer the name of their lender.
Some lenders are better at stealing our clients then others.
|
- 7). Your Job May Be Killing You By : Nicky Pilkington
If asked if your job is stressful, chances are you would answer with an emphatic "Boy is it ever"! Work is by far the leading source of stress in our lives. Nine out of ten people say they experience high levels of stress several times a week. And one out of four of us have high stress levels every day.
|
- 8). How To Solve Unsolvable Problems By : Saleem Rana
When Willis H. Carrier was a young man, he worked for the Buffalo Forge Company in Buffalo, New York. He remembered that one of his toughest projects was the installation of a gas-cleaning device in a plant of the Pittsburgh Glass Company at Crystal City, Missouri. While the device, designed to clean gas as it burned without damaging the engines, worked properly, it was new and had only been tried once under different conditions.
As Willis worked on this project, problems arose – because, while the device did work, it did not work properly.
|
- 9). Workplace Violence: A Growing Concern By : Jeffrey Miller
Workplace violence has become one of the biggest concerns for managers, corporate executives and Human Resource Departments in the past several years. In fact, the shear number of incidents of workplace violence is staggering...
|
- 10). You Can Control Your Wellness By : Lee Dobbins
Is there a key to living a longer healthier life? Why does it seem that some cultures live longer than others? Do they have secrets to living a long, healthy life?
|
| New Ethics Articles |
|
|
|
|
|
|
- 4). The Great Importance of Doing Business with Ethics By : Victorino Q. Abrugar
For most people, money makes the world go round and business bears that money. Businessmen will perhaps do anything just to achieve the ultimate goal of having a business, and that is to earn income. Net profit or income financially means a surplus of sales or revenues after deducting costs and expenses. Whether you are engage in profession, occupation, work or trade, you are in business and you speak income.
|
- 5). Your lenders are spying on your clients By : Ameen
As mortgage brokers we are always in jeopardy of losing our customers to the lenders we work with.
We deal with our clients for a short amount of time, but the lender is in constant communication with them for years. And whenever your customers are asked who their mortgage company is, they will usually answer the name of their lender.
Some lenders are better at stealing our clients then others.
|
- 6). Giveaways by Web Site Draw in Consumers By : Samuel Martin
Toy surprises buried in cereal boxes or in bags of popular snacks have been a marketing tactic for as long as package goods have been sold in supermarkets. Most people probably can't even imagine a Cracker Jack box without a prize inside.
Giveaways are not just for kids; adults have long participated in incentive giveaways ranging from a free tote with the purchase of makeup or perfume at a department store, to $500 gift cards with a new account at the local bank.
|
- 7). Cheating in America, A National Pastime By : Fred DiUlus
Look around. Today, more than ever before, it has become fashionable to cheat. One could say, and come away without too much criticism, that everyone expects it. The funny thing is the person who expects it, or observes it, or knows someone who does it, never does it themselves. Ironically, they actually believe they are not infected. As noted, this is a national pastime.
|
- 8). For the Love of Charity! The Economics of Parasitism By : Croydon J Hounslow
This morning, as I emerged blinking from Chancery Lane station on my way to work, I was confronted by a young lady sporting a nylon tunic emblazoned with the words ‘Every Child’ and a fat clipboard full of Direct Debit forms. As I approached, she began to play out some ridiculous dumb show of desperation worthy of the sad clown in a cut-price circus and entreating myself and the guy walking immediately ahead of me to “Pleeeeeease stop and talk to me!” in pathetic, ‘can-I-have-a-pony-Daddy?’ tones.
|
- 9). Protecting your Corporate Identity By : Russell A.
When it comes to corporate identity and logo design, copyright infringement has become an increasingly prevalent issue. As more and more small businesses find they need a logo to stay competitive, the demand has created a plethora of logo design firms that offer a variety of services from stock clipart images to custom design services.
However, because.
|
- 10). Life is a scam By : Chip Underdog
What can you do? Most of life is really one form of scam or another. The biggest scams are being uncovered as scientists peel away the layers of reality to reveal that nothing is really as firm as we believe them to be. A piece of wood may look solid enough so that if one were to be hit in the head with it, some form of damage would be inflicted on skin of the head if not fracturing the skull itself.
|
|
|
