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The Business Plan - Do It Yourself Activity

Objective

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Describe what goes into a business plan.

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Identify advantages of developing the marketing, management and financial management plans.

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List financial projections included in the financial management plan.

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Sketch an outline for a business plan.


THE BUSINESS PLAN - APPENDIX 1

MARKETING

 
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1. THE MARKETING PLAN

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2. PRICE/QUALITY MATRIX

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3. MARKETING TIPS, TRICKS &TRAPS

_________________________________________________________________

THE ENTREPRENEUR'S MARKETING PLAN

This is the marketing plan of____________________________

I. MARKET ANALYSIS

A. Target Market - Who are the customers?

1. We will be selling primarily to (check all that apply):
  Total Percent
of Business
Private sector  
Wholesalers  
Retailers  
Government   
Other   

2. We will be targeting customers by:

Product line/services. We will target specific lines ________________
Geographic area? Which areas? ___________________________
Sales?  We will target sales of ___________________
Industry?  Our target industry is ____________________
Other? ______________________________________

  

3. How much will our selected market spend on our type of product or service this coming year?

$________________

B. Competition

1. Who are our competitors?

NAME ________________________________________

ADDRESS _________________________________________

_________________________________________

Years in Business ___________________

Market Share ___________________

Price/Strategy ___________________

Product/Service

Features ___________________

NAME _________________________________________

ADDRESS _________________________________________

_________________________________________

Years in Business ____________________

Market Share ____________________

Price/Strategy ____________________

Product/Service

Features ____________________

 

2. How competitive is the market?

High ____________________

Medium ____________________

Low ____________________

3. List below your strengths and weaknesses compared to your competition (consider such areas as location, size of resources, reputation, services, personnel, etc.):

  Strengths Weaknesses
1    
2    
3    
4    
5    

 
C. Environment

1. The following are some important economic factors that will affect our product or service (such as trade area growth, industry health, economic trends, taxes, rising energy prices, etc.):

________________________________________________

________________________________________________

________________________________________________

2. The following are some important legal factors that will affect our market:

________________________________________________

________________________________________________

________________________________________________

3. The following are some important government factors:

________________________________________________

________________________________________________

________________________________________________

4. The following are other environmental factors that will affect our market, but over which we have no control:

________________________________________________

________________________________________________

________________________________________________

Next Topic: PRODUCT OR SERVICE ANALYSIS

 

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