Writing the Winning Business Plan
16 important questions on Writing the Winning Business Plan
What is a Business Plan?
What "interest groups" are considered crucial to success?
- Financial interests
- Employees
- Marketers
- Vendors, suppliers, and associates
- Partners
- Entrepreneur
In which ways can writing a Business Plan determine business to be successful?
- Test the feasibility of the business concept
- Increase the likelihood of the venture's success
- Improve your business planning process to become more manageable and effective
- Attract bank loans and investors
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
What are the three essential Reasons to prepare a Business Plan?
- Entrepreneurs reap benefits from the planning activity itself.
- The plan provides a basis for measuring actual performance against expected performance.
- The plan acts as a vehicle for communicating to others what it is that the business is trying to accomplish.
What are the five steps in writing a Business Plan?
- Identify the Objectives
- Draft the Outline
- Review the Outline
- Draft the Plan
- Have the Plan Reviewed and Updated
What does the last element of the Plan, Executive Summary, consist?
- Business concept
- Success Factors
- Current Position
- Financial Features
What types of Business Plans exists?
- Full Business Plan
- Executive Summary Plan
- Action Plan
Which Target Groups could be reached with a Business Plan?
- Bankers (loans for expansion)
- Business Brokers (sell business)
- New and Potential Employees (learn about company)
- Investors (invest)
- Small Business Administration (SBA approve business loans)
- Investment Bankers (prospectus for an IPO)
- Suppliers (credit for purchases)
How is a typical Business Plan Format?
- Title Page and Table of Contents
- Executive Summary
- Overview of the Company, Industry, Products, and Services
- Marketing Analysis
- Marketing and Sales Plans
- Operations
- Management Team
- Financial Plan
- Funds required and uses
What are the information that should be presented in Financial Plan?
- Set of Assumptions
- Projected Income Statements
- Projected Cash Flow Statements
- Current Balance Sheet
- Other Financial Projections
What are the important issues to address in the Management Team?
- Management Talents and Skills
- Organizational Chart
- Policy and Strategy for Employees
- Board of Directors and Advisory Board
What are the important issues to address in the Operations?
- Product/Service Development
- Manufacturing
- Maintenance and Support
What type of Distribution Channels are there?
- Direct Sales
- Original Equipment Manufacturer (OEM) Sales
- Manufacturer's Representatives
- Brokers
- Web E-commerce
What Pricing Methods are considered to generate profit?
- Cost-Plus pricing
- Demand pricing
- Value pricing
- Competitive pricing
- Markup pricing
What should be included in the section of Products and Services?
- Physical Description
- Statement regarding Use and Appeal
- Statement regarding Stage of Development
- Testimonials
What are the important issues to address in the Marketing Analysis?
- Marketing Opportunity
- Competition
- Marketing Strategy
- Market Research
- Sales Forecasts
- Support Material
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
