Business plans development

Identify element of business plans

Analysis business environment with business idea 

Meaning of business environment 

Business environment: it's combination of an 

Internal environment: it is combination of an external factor that influences operation situation an of campaign

            Type of business environment

   1. Internal environment 

  

   2.external environment 

Internal environment: this is all factor within that 

organization or campaign that impact successful of you operation these financial resources assets,

 humans resources 

External environment: it is consist of factor that are outside of the campaign and you don't have much control over 

Such as ,supplies of input raw materials 

Customer competition 

. economic environment 

. Social and cultural environment 

Industrial 📉 📈 analysis 

Industrial trending analysis is a market assessment tools used by business and analysis to understand the competition of an industrial 

Example

Demand , supplies static ,degree of competition 

Within an industrial 

Competition force model:is an important tools used in strategy analysis to analysis the competition in

 an industrial the model including analysis of the following five force 

A) industrial rivalry (degree of competition among existing firm :the number of participants in the

 industrial and their marketing shore 

Treat of substitute 

Produce or service are two different product with same function 

Beans and peas 

Bothering power of buyer refer to the pressure that customer (consumer) can put an business to get

 them to provide higher quality/product better customer lower price etc

power of supplies 

Referring to the pressure that supplies are company by raising their price lowering their quality 

Battiest to enter: (threat of new extract refer the obstacle or hindrance that market it

Figure true for new company enter given market this includes technology , government regulation 

  

             V be.       Swot analysis 

 

Swot analysis: analysis of the stand for strength weakness opportunity and threat 

Strength: these are internal characteristics that

 given the business it competition and advantage 

Weakness: these are internal characteristics that company need to overcome in order to improve it performance 

Opportunity: are element that the company see in the external environment that could persuasive in

 the  future to generator values 

Threat:are elements in the external environment that could prevent the company from archiving it goals 

  BB: conduit business feasibility study in line with business environment analysis results 

Business feasibility study is the process of

 determine if business ideas is validate it take all of projects revant of factor into account including

 economic legal and schedule considering to

 assertive show the like line road of complete 💯 the project successful 

The following are same benefits of business feasibility study 

  1' improve project team focus 

  2' identify valid reason to undertaker the project 

  3' enhanced the successful rate by evaluation            multiple parameter 

  4' aid/ help decision making on the project 

Components of business feasibility study 

- project feasibility: this assessment of the overall appeal of the product or service proposed

Marketing feasibility: this is an assessment of the overall appeal to the market product service being purpose 

Organization feasibility: this is conduct to

 determine whether a proposal business business has sufficient management expertise and

 environment 

- financial feasibility: the most impact issues to conduit here are totally Start up

Step " involved in feasibility analysis 

Step"conduct preliminary analysis this give you a vision of what the goals of you project and which 

 area you analysis must be going 

Step" prepared project income statement this is

 allowed about what you expect the income from

 the project to be and what investment is need to achieve that goal 

Step" conduct a market survey performance market research 

The market research is going to give you the create picture of the revenue you can feasibility expect from the project 

Step: plan business organization and operation this step must include the start up classes investment

 including the start up cost investment including operation 

Step" prepare on opening day balance sheet this

 includes on estimate of the assert and liability and capital it should be as accurate as possible 

Step: review and analysis are especially important to market that every thing is as make sure that

 every thing is as it should be and nothing required changing 

Step" make go /no go decision you are now at the

 point to make decisions about whether the project is feasible or not 

       

                  Element of business plans 

Meaning of business plans:

Business plans: is defines as written documents

 description in detail the object goal and procedures 

Of implantation or carry about business or 

Business plan: is form of documents that show when a business shall be starting and operation over period 

Different between. Business plan and project plan

Business : is large concept in competition to project a project is working undertaker under business 

 organization ranging from Manu future trading or service industry to various service and goods 

Business is an active of conducting all such comment which generated revenue and maximum profit 

The following are important of business plans 

Important of business plans entrepreneur 

' guide the entrepreneur to plan for the business 

'define the goals and objectives 

' to know the source of foundation for the business 

'to prediction the profitability of the business cops Down for market strategy 

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