Here Is A Simple Way To Write And Submit GST301 Business Plan

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Here Is A Simple Way To Write And Submit GST301 Business Plan

Postby Richtubor » Thu May 17, 2018 9:15 pm


Business Plan Made Easy BY DAVID MARSHALL (NOUN)

In my experience, a business plan is not always the long, complex and scary document and presentation you think it is. Depending

on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it.

Simple business plan outline:

As written by DAVID MARSHALL.C.

1. Executive summary

Write this last. It’s just a page or two which highlights the points you’ve made elsewhere in your business plan.

It’s also the doorway to your plan—after looking over your executive summary, your GST301 grading officer is either going to

throw your business plan away or keep reading, so get it right.

Under this executive summary, briefly give details of the problem you are solving for customers, your solution, the target

market, the founding team, and financial forecast highlights. Keep things as brief as possible and entice your GST301 grading

officer to learn more about your business plan .

2. Opportunity

Here, describe the problem that you solve for your customers and the solution that you are selling.

It is always a good idea to think of customer needs and customer benefits as you define your product or service offerings. rather

than thinking of your side of the equation (how much the product or service costs, and how you deliver it to the customer).

Sometimes this part of the plan will include tables that provide more details, such as a total amounts of the raw materials or goods

or detailed price lists, but more often than not this section just describes what you are selling and how your products and services

fill a need for your customers.

3. Market analysis summary

You need to know your target market—the types of customers you are looking for—and how it’s changing.

Use this section to discuss your customers’ needs, where your customers are, how you plan to reach them and how to deliver

your product to them.

You’ll also need to know who your competitors are and how you stack up against them—why are you sure there’s room for you

in this market?

4. Execution

Use this section to outline your marketing plan, your sales plan, and the other logistics involved in actually running your


You’ll want to cover the technology you plan on using, your business location and other facilities, special equipment you might

need, and your roadmap for getting your business up and running. Finally, you’ll want to outline the key metrics you’ll be

tracking to make sure your business is headed in the right direction.

5. Company and management summary

This section is an overview of who you are.

It should describe the organization of your business, and the key members of the management team, but it should also ground

your GST301 grading officer with the nuts and bolts: who is/are the owner(s), what state you hope to register your bussness , in

and where you do business.

Be sure to include summaries of your work backgrounds and experience if its relevant to the skills needed for the business you

are proposing—these should act like a brief CV.

6. Financial plan

At the very least this section should include your projected profit and loss and cash flow tables, and a brief description of the

assumptions you’re making with your projections.

You may also want to include your balance sheet, your sales forecast, business ratios, and a break-even analysis.

Finally, if you are raising money or taking out loans, you should highlight the money you need to launch the business.

You can choose from any of these business or services and write a

bussness plan using the guide above

Posts: 382
Joined: Mon Aug 21, 2017 8:24 pm

Re: Here Is A Simple Way To Write And Submit GST301 Business Plan

Postby Richtubor » Sat May 19, 2018 4:22 am

GST301 Business Proposal Format

SECTION A: Student Personal Details

Date: ____________________________________________________________

Semester: ______________________________________________________

Name: ______________________________________________________

Matric. No. ______________________________________________________

email Address: _________________________________________________

Phone Number: ________________________________________________

Sex: ____________________________________________________________

Disability: Blind, deaf, etc __________________________________________

Current Profession: ____________________________________________

Programme of Study: ____________________________________________

Department: _______________________________________________________

Faculty: _______________________________________________________

Study Centre: __________________________________________________

Zone: _____________________________________________________________


1.0. Executive Summary

1.1. Briefly explain the gap the product or service want to fill

1.2. State the objective

1.3. Present the vision (where you want to be or what you want to achieve. This sells your idea and presents your image) and mission (brief on how you will achieve the vision)

1.4. Success Indicators – explain the product/service with focus on the sellable parts and how it will bring positive change in human life. (the executive summary is the last to be written but first to appear in a business plan. It should be about 200 words).

2.0 Description of the Organisation/Company

2.1 Company Ownership (Describe how the idea of the product and company was generated, and legal ownership)

2.2 Start-up plan (For new business) or company history (for existing company)

2.3 Location of the company and facilities

2.4 Organisational Structure

3.0 The Product/Service

3.1 Description of the produce/service

3.2 Product/service uniqueness (how is the product different from other competitive product.

3.3 Give empirical trend of sales if the product is already in the market and if not yet in the market show how you intend to send it to market.

3.4 How would the product fit into the changing technology?

3.5 What is the future of the product/service

4.0 Market Analysis

4.1 Market segmentation (dividing your market of potential customers into groups such as demographic segmentation e.g. sex, age, specific workforce; geographical segmentation; psychological segmentation; behavioural segmentation etc.

4.2 Strategy for target market segmentation

4.2.1 Consumers’ need

4.2.2 Market trends

4.2.3 Market growth

4.3 Analysis of the industry

4.3.1 Do a SWORT (Strength, Weakness, Opportunity, Threat) Analysis. In the strength state all that is within the organisation that will help the product/service to grow, the weakness identify those things that are internal that may inhibit the growth of the business, opportunity is the external support that will help the business to grow, and the threat are external hindrances that may inhibit the growth of the product/service e.g. competitors.

4.3.2 For Strength and opportunities, consider the hindrance to exploiting it, strategies for exploiting and enhancing it, and possible timelines.

4.3.3 For weakness and threat, consider the effect on achieving the set objectives or goal, strategies to minimise or eliminate such weakness or threat, and possible timelines.

4.4 Strategy for e-marking and technological challenges Strategies for exploiting and enhancing it

5.0 Financial Analysis

5.1 Important Assumptions

5.2 Financial Indicators

5.2.1 Pricing

5.2.2 Proforma (forecasts and projection)

5.2.3 Proforma cash flow and cash flow projection

5.2.4 Proforma profit and loss

5.2.5 Fixed Cost

5.2.6 Goss Profit

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