This business plan guide will help you not to overlook any important information when writing a business plan for your brick making business. While it’s not essential to have a business plan, you may find it easier to get funding if you have one that is well thought out and contains all of the necessary detail about your prospective business. in general a business plan will help your Potential business partners to know how their investment will be used, and ultimately, what it will achieve for the business.
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Understanding the Key Components of a Business Plan
1. The Executive Summary
Use these two pages to pitch the reader on your business idea. This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful.
What to Include in Your Executive Summary
Below are several key points that your executive summary should include based on the stage of your business.
If You Are an Established Business
If you are an established business, be sure to include the following information:
- The Mission Statement – This explains what your business is all about. It should be between several sentences and a paragraph.
- Company Information – Include a short statement that covers when your business was formed, the names of the founders and their roles, your number of employees, and your business location(s).
- Growth Highlights – Include examples of company growth, such as financial or market highlights (for example, “XYZ Firm increased profit margins and market share year-over-year since its foundation). Graphs and charts can be helpful in this section.
- Your Products/Services — Briefly describe the products or services you provide.
- Financial Information – If you are seeking financing, include any information about your current bank and investors.
- Summarize future plans – Explain where you would like to take your business.
If You Are a Startup or New Business
If you are just starting a business, you won’t have as much information as an established company. Instead, focus on your experience and background as well as the decisions that led you to start this particular enterprise.
Demonstrate that you have done thorough market analysis. Include information about a need or gap in your target market, and how your particular solutions can fill it. Convince the reader that you can succeed in your target market, then address your future plans.
2. Company Description
Include your brick making business name, type of ownership of the business and registration numbers. You also need to list all your objectives. dont forget a mission statement
3. The Opportunity, Industry and Market
Describe this brick making business sector, as well as your customers
4. The Business Strategy
You need to focus on how you are going to compete in this brick making business. Delve into how you’ll position your brand and how you are different to your competitors. This is also where you would include details on your business model.
5. Management and Operations Summary
This sections provides some insights into how your business will be run. Who are the founders of your business and how are their skills and experience going to benefit the company? Go into some detail on the day to day running of the business and where specific responsibilities lie within your team.
6. The Marketing Plan
On this section focus on the market reseach you have performed. Explaining the strategy that will be actioned in order to compete in your market. Include information on your product’s positioning, product offering, pricing strategy and promotional activities.
7. The Financial Plan
This is a very important part of your business plan and requires thorough research and thought. How much money are you going to need to get started and why? If you want to include any useful graphs or detailed calculations, add it to the appendix and refer readers to it from this section. Other information to include here is:
- A balance sheet
- A 12 month cash flow projection
- Start-up expense calculations
- Profit and loss projections
- A break-even analysis
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