How to make Business Plans and Feasibility Studies?

[evangareth]

---

as what the_guardian implied, you have a wide target market and conducting a credible market research survey and analysis should entail huge costs relative to the size of your business. you should also factor in competition. PFS best works only in a clearly identifiable and measurable target market.

[ed168]

ur ryt bro, everything should b considered.. il suggest start small, so dat ud realy know wats going on, d bsnes is still doing gud, or just a pure bluffy trend,etc, n money matters.. n this suggestion is written in the book.. hehe

[jonz]

books are just guidelines... the best/worse thing about this is forecasting....

[evangareth]

the market aspect of the PFS is the make or break of it all!! and it should be the first thing to be made. if you see its not feasible while doing the market study, then dont proceed to the next steps.. I have been doing PFS to numerous business proposals, and this is the hardest thing to do.. quantifying the market.

[jonz]

its starts in marketing and end up in marketing.. the hardest and the most challenging part of business.....

[evangareth]

but its not all about marketing!!.. all aspects of the PFS, marketing, technical, organization and summarized in the financial aspect.. in this case, i suggest you consult a CPA in actual practice. you may contact me for more info about making business plans and PFS.. this is my part time job.

[bisaya70]

I was checking out some sites on how to write a business plan and found this. I hope it helps for those who want to start a small business. Not all the entries are applicable but certainly most of this can be a guide.

1. Brief summary
o One quick sentence each on
 Product/service (i.e., describe the business concept / opportunity)
 Value to customer
 Target market
 Competitive advantage
 Social Responsibility Goals (see competition guidelines in overview.)
2. Products or Services
o Understandable brief technical description
o Value to customer (specific needs addressed)
o Intellectual property protection
o Possible future products

3. Market
o Industry
 Growth?
 Size?
 Segments
 Entry barriers
o Target Markets
 Growth?
 Size?
o Customers
 Buying power
 Buying preferences
 Present and future
o Competitors
 Relative strengths and weaknesses
o Competitive advantage
 Substitutes

4. The Corporate Enterprise
o Vision, mission, & values; social responsibility goals
o The management team
o Advisors and board members
o History of enterprise, if any

5. Marketing and Sales Plan
o Marketing strategy
o Sales goals
o Promotion
 Media
 Incentives
o Pricing
o Distribution Channels

6. Organization Plan (Implementation)
o Legal structure
o Organization structure
o Staff recruitment
 Educational requirements
 Experience requirements
o Staff development needs
o Motivation / compensation policy, including benefits package

7. Operations Plan (Implementation)
o Technology status
 Regulatory and legal
o Manufacturing requirements
 Facilities
 Equipment
o Environmental protection and recycling (sustainable development) policies and strategies

8. Growth Plan
o Growth strategies
o Product Development
 R & D Plan
 Spin Offs
 Benchmarks or milestones
 Future staffing
 Resources needed
 Difficulties and risks
o Other internal strategies
o External Development?
 Franchising
 Acquisitions

9. Most Critical Risks or Vulnerabilities
o Environment
o Markets
o Products
o Operations
 Limited experience
 Cost overruns
o Organization / Management
 Dependence on key people
 Limited experience

10. Financial Plan
o Pro forma statements (3-yr, cash flow) and break even point

11. Investment proposal
o Enterprise funding to-date; future investment needed
o Sources and uses of funds
o Investors return

[dexterdal]

up for this

[a_j_e_c]

copied..THANKS!

[NuBreedCebu]

Thats fine, but there are different kinds of business plans. The format will depend on what its purpose it has. There are things that should be included and things that should not.
Go to www.paloalto.com
Awesome products. :mrgreen: