Testing and validation Launch Ahead of this process there is often a preliminary phase called ideation or discovery, and after the fifth phase the process typically ends with the post-launch review. Major new products go through the full five-phase process.
Use figures where necessary Simplicity and clarity. It is usual for the person who has the authority to approve your business plan for funding assistance to have a very busy schedule; also it is equally possible that business plans from other entrepreneurs are competing with your plan for funding.
As such, your business plan needs to be simple and clear. This can be done by: Where the business plan is bulky, the person reading it may get tired even before forming opinion about the business proposal. This might rub a business plan the due consideration it deserves.
To avoid this, all unnecessary details are removed from the business plan.
In fact, only essential information necessary for the reader to form opinion and take decisions should be left. This makes it easier for people to read and understand the plan. Efforts should be made to ensure that what is written in one section of the plan fits together with what is written in other sections.
In fact, all the sections should add up to make up the whole businesss plan. For a business plan to be a valid document it ought to be as real as possible.
That is to say that it should be as close to reality as possible. Operations, market analysis, estimates of sales and expenses should reflect what is happening in real life. Where a business plan models what obtains in real world situation, it becomes an instrument on which decisions could be based.
Use figures where necessary. Most bankers or investors that would read the plan are highly numerate, mainly thinking in terms of numbers. Experience has shown that most banker and investors are impressed when ideas are backed with figures. In order words, it is advantageous to quantify wherever it is possible.
The Business Plan and Intellectual Property Protection Developing a business from the scratch requires a lot of intellectual capital that ought to be protected.
During the process of documenting a business plan, some of the intellectual capital that form the basis of a good business might need to be disclosed especially where the plan is used to attract investors and lenders.
In this instance, wide circulation becomes potentially dangerous. Where the business plan is discussing a business idea that have not been patented or copyrighted, it becomes very wise to include a strong non-disclosure statement on the cover page that states that information in the plan is not to be disclosed.
In some instances, the cover page of the plan, in addition to signing the non-disclosure documents, may carry the ISBN number showing that it is copyrighted.
To have an integrated view of your business — it discusses all aspects of the business. To keep you focused on your goals and strategies — the plan serves to remind you of the goals and objectives of the business. It guides the opinion of a business — the plan gives highly valuable information on all aspects of the business and as such helps to guide opinion of the business.
It also helps to guide the managing of a business — the plan creates performance benchmark against which the running of the business can be compared.
It helps to evaluate before hand it there are chances of success for the business — the business plan projects into the future and shows with facts what is likely to happen in the future. It helps to convince other parties that you can manage the business.
As already stated, the business plan is a document that marshals out the what, when, how, why and where of a business.
As such, it is required by all businesses not minding the mode of business operation. Note that there are two modes of business operation namely: What information is contained in a business plan? Information in a business plan must necessarily be about: What do they want?
What are their other attributes?Feasibility Study Preparation and Analysis [PCH Publications] on schwenkreis.com *FREE* shipping on qualifying offers. This book is a step by step guide to preparing, writing, producing and analyzing feasibility studies.
It illustrates how to best present an idea or project to secure the required funding and support and convince others even if they are not familiar with the type of project.
Aug 03, · How to Do a Feasibility Study. Do you have a great idea for a new product? Perhaps your homemade apple jam is famous among your friends and family and you've been thinking about turning your hobby into a business. Or perhaps you would like. Related Articles on Feasibility Report Sample/Format.
9 Major Areas To Be Covered By A Good Feasibility Report; Feasibility Study – What Needs To Be Taken Into Account? Why Do You Need A Business Plan? Consultant HQ May Carl Netts Malton Street Tekkton, Kansas () () - fax This sample NxLeveL“ Start-up Business Plan was originally written by a class participant, and subsequently modified to protect proprietary information.
Aug 03, · How to Do a Feasibility Study. In this Article: Article Summary Deciding if you Need to Do a Feasibility Study Performing Market Research and Analysis Performing Organizational and Technical Analysis Performing Financial Analysis Completing the Feasibility Study Community Q&A Do you have a great idea for a new product?
Perhaps your homemade apple jam is famous among your .
Some useful samples and examples that are part of the grant application from NIAID and NIH, including sample applications and summaries, data sharing, and model organism sharing plans.