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Business Buffet

SD008 - The Business Plan Part 2

Business Buffet

Ed Bejarana

Marketing, Business, Business Strategies, Entrepreneurship, Business Tips, Small Business, Leadership

1981 Ratings

🗓️ 22 January 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

In this two-part series, we discuss the importance of a business plan and give information on how it should be formatted and explain a little bit about each section.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the business buffet side dish.

0:04.5

This is a quick snack on a specific area of business.

0:07.9

Today, we will present a concise element you need to run your business.

0:11.8

Remember to visit business buffet.page. page or listen to wherever you get your podcast.

0:17.3

It's snack time.

0:18.4

In the previous episode, I covered why we create a business plan as the first two sections and the first two sections of the format.

0:28.5

To review the sections of your business plan are the title page, executive summary, table of contents, the business, marketing, financial analysis, operations,

0:40.0

and supporting documents.

0:42.7

The table of contents, again, like a book, this page is especially useful for mentors

0:49.4

or potential investors to find exactly the information they want to know.

0:55.0

Professional investors usually have a section on which they rely most heavily.

1:00.7

One with a financial background will want to read the assumptions and profit and loss

1:05.5

statement first.

1:06.7

A marketing expert will turn to the market analysis first.

1:11.3

The business. It gives a analysis first. The business.

1:12.2

It gives a detailed description of the business and its goals, including ownership and legal structure.

1:20.2

Necessary tasks and who, including outside advisors or contract labor, will do each.

1:31.3

Skills and experience top officers or partners bring to the business.

1:33.4

Their resumes should be included in supporting documents.

1:38.0

Advantage is over your competitors.

1:41.3

Why the company will be successful and how it will protect against such dangers

1:47.0

as theft of intellectual property, business location and hours of operation, distribution

...

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