In the world of economics, to know one’s competitors is to know oneself.
Unfortunately, many economists feel that competitor analysis is an area of corporate strategy that is all too often neglected. So you can see that there is a simple business plan template, not only for different types of business, but also for different stages of business development and different types of business activities.
The entrepreneur who is just starting out in the world of business will naturally have different needs from the one who is well established therein.
Our first simple business plan template is perfect for the startup business.
I’ve always been a big supporter of many different charities, have donated millions of dollars to them, and it just feels great to do and be able to help others, especially children”.-Richard Mac Donald Since much of the time your nonprofit will be seeking donations from people, your business plan should include material of importance to potential investors.
Thus, if the purpose of the donation you are seeking is to fund a major building project, you will want to explain why that project is so important to the community and how it will benefit the donor.
It consists of the following elements: credit photo: plantoo47 For the person who has been in business for some time and gotten a leg up in his or her chosen niche, things are somewhat different.
The simple business plan template still requires the same basic elements listed in the previous section — the executive summary, the general company description and so on — but certain features need to be adjusted to take the experience of the business thus far into account.
For example, you want to indicate whether the marketing strategy you have chosen has proven effective and what changes, if any, need to be made.
You will also need to prepare a sales forecast, and it might be a good idea to prepare two — one where you give what you actually expect, and one where you give an estimate of the minimum amount they you think you can achieve even under the worst conditions.