There are no good excuses for not knowing how to write a modern business plan. Take a moment on any search engine, and you can find the standard format from the U. Small Business Administration : executive summary, company overview and company product line. Instead, take a moment to think about why so many still insist that entrepreneurs develop such a familiar document at the beginning. Often companies might return to their business plan a year after launching and then perhaps a few years after that to see if much has changed.
Chapter 5 – Business Planning – Entrepreneurship and Innovation Toolkit
Your contribution can help change lives. Donate now. Seeking supports for evaluation? Learn more. Although your primary goal is improving the community rather than making a profit, "business" can still be important to your work. Even non-profit organizations need resources to sustain their work, and business operations can be a good way to acquire those necessary resources. Your business operations usually involve things you sell.
An intelligent plan is the first step to success. The man who plans knows where he is going, knows what progress he is making and has a pretty good idea of when he will arrive. Planning is the open road to your destination.
The following business plan for the fictional firm of "Acme Management Technology" AMT is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan. This business plan leads the way by renewing our vision and strategic focus of adding value to our target market segments—the small business and high-end home office users in our local market.