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What are the components of Business Development plans?

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Question ajoutée par Ashraf Alsinglawi , Medical Supply Chain Planner , International Committee of the Red Cross
Date de publication: 2013/11/28
Rehan Qureshi
par Rehan Qureshi , Financial Consultant , Self Employeed

Writing a business plan is a big task, and no two business plans are alike. But most effective plans include the following major elements. As you write your business plan, come back to this list of key components to make sure your plan is complete and thorough.

·         Company overview: Your mission, vision, values, products, unique attributes, and the business opportunity you plan to seize

·         Business environment: An analysis of your industry, your marketplace, your customers, your competition, and how you stack up

·         Company description: The capabilities that give you a unique advantage over your competitors — including your management, technology, operations, distribution, service, finances, and marketing

·         Company strategy: Your roadmap to the future (including how you'll seize opportunities and avoid threats), your growth plans, your marketing plan, and even your exit strategy

·         Financial review: The state of your finances, including your income statement, balance sheet, cash flow statement, profit projection, and budget

 

·         Action plan: Steps you'll take to implement your business plan to meet your goals and objectives

Tanveer Ahmad Niazi
par Tanveer Ahmad Niazi , CEO (Self-employed) , Project Management Training & Consultant

This would walk you through the essential components of your plan, including how to develop a funding request.

1.     Business Plan Executive Summary

Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals. Read these tips about what to include.

2.     Market Analysis

Before launching your business, it is essential for you to research your business industry, market and competitors.

3.     Company Description

Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves. 

4.     Organization & Management

Every business is structured differently. Find out the best organization and management structure for your business.

5.     Marketing & Sales

How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan.

6.     Service or Product Line

What do you sell? How does it benefit your customers? What is the product lifecycle? Get tips on how to tell the story about your product or service.

7.     Funding Request

If you are seeking funding for your business, find out about the necessary information you should include in your plan.

8.     Financial Projections

If you need funding, providing financial projections to back up your request is critical. Find out what information you need to include in your financial projections for your small business.

9.     Appendix

An appendix is optional, but a useful place to include information such as resumes, permits and leases. Find additional information you should include in your appendix

Fully aware of the product 

See the desired results 

Knowing the real facts 

محمد صالح بن جحلان
par محمد صالح بن جحلان , إدارة العلاقات الحكومية والميناء , مؤسسة إنجاز الفنار للمقاولات والتشغيل والصيانة

StudyPlanningStrategyResultsGoals

talha ali
par talha ali , Management Trainee , Premium Mist Boutique

First we need to know our competencies and position in the industry/market

Than what are the options available for business development and it needs lots of research work because it involves lot of investment and time.

analysis of those options and slection of the best one...business development plan is a very lenghty process

components...

current state of the business

need of the business development

effect of the plan on business

expected results or what are the objectives that should be achived at the end of the day

 

 

sameh kamal
par sameh kamal , Human Resources Officer , at the LM Egypt Electronic Industries

  1. Plan deal based on sound studies properly thought out The correct data And methods for the successful implementation of those plans

Mohammad Tohamy Hussein Hussein
par Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Work with your peers to do the following:

Define your status regarding your key success factors

Define the gaps between your current status and your targets

Define alternatives to close the gaps

Select the most effective alternative

Plan to implement the alternative

Seek senior management approval for your plan

execute the plan

Ahamed Shareef
par Ahamed Shareef , Divisional Head - Quality Assurance , Apollo Tyres Ltd

The useful steps of Business development plans are  -

Market Research data

Competitive intelligence

Internal capability analysis

Business opportunities

Technology plan

Financial analysis

Business projects

Market position - Before and After

SWOT analysis

Menerva Melad
par Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

current state of the business

need of the business development

effect of the plan on business

Amjad Choudhry
par Amjad Choudhry , Regional Manager Punjab & Karachi , Madni Traders

  • Mission
  • vision
  • knowledge
  • targets
  • strategies

Mohamad Amir Saleh Basha
par Mohamad Amir Saleh Basha , Senior Sales & Marketing manager , Integrated for Training - ITC

I would say:

  1. Clear Objectives
  2. Smart Strategies to reach your objectives
  3. Actual Action plan to apply your strategies properly
  4. Quarterly Review of progress

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