BP strategy Team Project 1

BP strategy Team Project 1 - H ow to Wr i te an Effecti ve...

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How to Write an Effective Business Getting all the key issues, problems, interconnections, unknowns, resource requirements, and timing issues out in the open where you can see them and figure out how to move forward.
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Timetable Step 1: A dose of reality about business plans The truth makes the business planning process easier . .. and also tougher. Result: far more useful plans. Step 2: Let’s make an actual Business Plan (Yep, right here, right now) Actually, we’re going to make 2 ! Clock time
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“Traditional” business plan Many companies make a critical mistake by assuming that the primary audience is their intended funding source. While this assumption is understandable, it often leads to a misdirected analytical and strategic approach.
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Why do most Business Plans get written?
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Why do Plans get written? Right. To raise money.
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Consequences A plan that is mostly oriented to potential funding sources is mostly useful just for raising money. But if the effort proves ineffective – or if it simply takes longer than planned – then on a current basis, the company may be caught without its required funding and without a clear way to guide its current operations. Moreover, if the money comes, what specifically is the company supposed to do? And how?
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The most effective type of Business Plan is the document that a company writes to itself. Included in this document would be the standard issues such as the company's funding requirements , the intended use of funds , and the results that the company expects. These are important in any Business Plan. Logically, this material is directed to all readers of the plan – insiders and outsiders alike.
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internally oriented Business Plan – a critical difference A Business Plan which is internally oriented is, at root, an operating plan. It provides a step-by-step description of the specific actions that the company will use to fulfill opportunities it has identified in the marketplace. It also identifies human resources as requirements that must be met to achieve the desired growth. Often, it can reveal segments of the business
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BP strategy Team Project 1 - H ow to Wr i te an Effecti ve...

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