Plan of businesses (Part 1):

22 August 2009 - 12:41

The executive summary is the first part or section of a plan of businesses. It consists of a summary of the most important points of the other parts of the plan, reason why it must be put at the beginning of this one, but to be elaborated after to have culminated the other parts.

The objective of the executive summary is that the reader has a general and brief vision of the project, can include/understand in a single reading of what the business consists, and that is generated interest by the project and to deepen in the reading of the other parts of the plan.

Often the reader of a business plan (for example, a financista potential or investor), only decides to read the executive summary to make a fast decision, reason why always we must pay special attention in its elaboration.

Generally, all executive summary would have to fulfill the following 3 requirements:

• To explain clearly of what the business consists: by more complex than it is the business, the executive summary must allow the reader to understand clearly of what the business consists from the reading of front page.
• To create interest in the reader: the executive summary must be able to generate in the reading interest by project and to deepen in the reading of the other parts of the plan.
• To be a summary: the executive summary must invite to the reading and, for it, it must be, indeed, a summary; the recommendable thing is that this one does not include more than 3 pages.

Labels: Creation of businesses, Step by step, Plan of businesses

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Requirements to elaborate a good plan of businesses

9 August 2009 - 16:50

A plan of businesses can as guide have like objective being used for creation and management of a business, to evaluate the feasibility and yield of a project, to convince to a bank or financial organization to grant a loan, or to demonstrate attractive of the project to potential investors or partners.

But whatever objective, to be able to fulfill anyone of them, all plan of businesses, would have to fulfill the following requirements:

To demonstrate the attractiveness of the business idea

A business plan, besides describing to the new business or project, must demonstrate the attractiveness of this one.

For it, besides demonstrating with numbers the yield of the business, it must describe the plan throughout, the reasons for which the idea is really an opportunity of businesses.

These reasons could be conformed by a differentiating characteristic, a competitive advantage, an unsatisfied necessity, a tendency of consumption, a market in growth, etc.

Labels: Creation of businesses, Plan of businesses

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What is a plan of businesses?

6 August 2009 - 17:57

A plan of businesses, also known like company plan, consists of a written document where to a business or project is described that is about to be realized and everything what it is related in this way, as the objectives of the business or project, the strategies that will allow to reach these objectives, the study from the market to which is going away to penetrate, the form in which they are going away to commercialize products or services, the investment that are going away to realize, the required financing, the projection of the income and debits, the financial evaluation and the organization of the business or project.

Usually one thinks that a plan of businesses is only elaborated at the time of creating a new business or company, nevertheless, a business plan also is accustomed to and must elaborate when it is counted on a business in march, and it is sending a new product to the market, acquiring new machinery, penetrating in a new market, penetrating in a new heading of business, and every time it is about to realize a project where it must invest a considerable amount of money.

To elaborate a plan of businesses is not nor must be a simple task, but it is and it must be an activity that requires of time and dedication, every time this one account with several parts and requires of abundant information, being able it to be necessary the accomplishment of a previous investigation that allows to know all the aspects related to the business or project.

Labels: Concepts, Creation of businesses, Plan of businesses

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How to present/display or to set out a business plan

23 Julio 2009 - 20:59

We suppose the case that once elaborated our plan of business, has arrived the moment for presenting/displaying it or for exposing it to investors, moneylenders or potentials partners.

In order to have majors possibilities of convincing them that they invest with us, of that they grant the loan to us that we required, or of which they become our partners, first who we must do is to prepare a good presentation.

This presentation would have to be accompanied of audio-visual aid. The use of slides of Power Point could be a good alternative.

Another aid for our presentation, could be the physical presence of the product that we are going to create, as well as some of the elements related to this one like, for example, some of the advertizing elements.

Also, of being possible, he is recommendable to give a copy of our plan of business to each assistant.

Labels: Creation of businesses, Step by step, Plan of businesses

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How to evaluate a project of investment through THEY GO

24 April 2009 - 17:18

It is that we want to create a new company, to develop a new product, abrir a branch, to acquire new machinery, to penetrate in a new market or to enter in a new heading of business; the most effective form to evaluate the yield of these projects of investment, is using GO.

It is enough with finding GO of an investment project, to know if this project will be viable or no.

Also, in the case of having several options investment, THEY GO allows to know us which among these projects is most profitable.

The Net Present Value (VAN) is the turn out to remain to Up-to-date Net Beneficio (BNA), the investment of the project:

Up-to-date Net Beneficio (BNA) is the resulting amount of the flow of box total project, but turned to a present value through a Rate of Discount.

Labels: Finances, Plan of businesses

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Common errors at the time of elaborating a plan of businesses

19 January 2009 - 18:28

We see next some of the errors most frequent assignments at the time of developing a plan of businesses:

Not to analyze the objective public well

Many entrepreneurs assume that they know the characteristics well his consuming futures, and usually ignore a concientious analysis of these.

Nevertheless, the stage of the analysis of the consumers who conform our market puts is the main stage of a plan of businesses and, therefore, it is the stage to which we must pay the greater possible attention to him.

When elaborating our plan of businesses, we must take our time in investigating and analyzing the needs, desires, tastes, preferences, whims, habits, behaviors and useful characteristics of our consuming futures.

Thus, on the basis of a correct analysis of these, we will only be able to elaborate precise and effective strategies of marketing that it allows us to achieve the success in our business.

Labels: Creation of businesses, Plan of businesses

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Advice at the time of elaborating a plan of businesses

17 January 2009 - 19:34

We see next some advice or recommendations that we would have to take at the time of elaborating a plan of businesses:

To elaborate a plan of businesses for all business

He does not matter that our emprendimiento is great or small, for any business that we are going to undertake, we always must elaborate a plan of businesses previously.

The plan of businesses will allow us to know the viability and yield of the project, will serve to us as guide to implement and to administer the business, will allow us to plan objectives, resources and strategies; it will serve to us as guide to coordinate activities it will serve, us like reference instrument and evaluation, and, in case we want to accede on some credit or loan, will allow to demonstrate the attractiveness us of the project and of which we will be able to pay the debt opportunely.

Plan of businesses according to each necessity

In order to elaborate our plan of businesses, it is not necessary that we guide of books of 200 pages that teach like doing it, nor which we must contract a specialistic adviser in it, nor which we must design a plan of businesses of 100 pages.

Labels: Advice, Creation of businesses, Plan of businesses

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Structure of the plan of businesses

3 January 2009 - 16:02

A structure or usual format in the development of a plan of businesses, is made up of the following stages:

• Summary of the business.
• Study of market.
• Technical study.
• Study of the investment.
• Study of the income and debits.
• Financial study.

We see next each of these stages, as well as the elements conform that it:

1. Summary of the business

In this stage, well-known also like the executive summary, we must indicate the initial datas of the business, as well as a summary of the plan of businesses (of the other stages conform that it), reason why this stage must be developed after the elaboration of the others, but be put at the beginning of the plan.

Labels: Creation of businesses, Tools of business, Step by step, Plan of businesses

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