Cost-benefit analysis. Cost–benefit analysis (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project").
CBA has two purposes: To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much. CBA is related to, but distinct from cost-effectiveness analysis. In CBA, benefits and costs are expressed in monetary terms, and are adjusted for the time value of money, so that all flows of benefits and flows of project costs over time (which tend to occur at different points in time) are expressed on a common basis in terms of their "net present value. " Theory The French economist Jules Dupuit, credited with the creation of cost–benefit analysis. Strategic planning. Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.
In order to determine the future direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue particular courses of action. Generally, strategic planning deals with at least one of three key questions: "What do we do? ""For whom do we do it? ""How do we excel? " George Friedman in The Next 100 Years summarises "the fundamental principle of strategic planning: hope for the best, plan for the worst". Key components Organizations sometimes summarize goals and objectives into a mission statement or a vision statement.
Tools and approaches Tools include: Situational analysis There are several factors to assess in the external situation analysis: It is rare to find all seven of these factors having critical importance. See also Marketing plan. A marketing plan may be part of an overall business plan.
Solid marketing strategy is the foundation of a well-written marketing plan. While a marketing plan contains a list of actions, a marketing plan without a sound strategic foundation is of little use. The marketing planning process A marketing plan is a comprehensive blueprint which outlines an organization's overall marketing efforts. A marketing process can be realized by the marketing mix, which is outlined in step 4. The marketing plan can function from two points: strategy and tactics (P. Marketing planning aims and objectives Behind the corporate objectives, which in themselves offer the main context for the marketing plan, will lie the "corporate mission," which in turn provides the context for these corporate objectives. Develop your own business plan. Solution Guide. 3.7 out of 5 stars from 282 ratings.
Gathering information to develop your business plan. Quick start business plan. Looking for a quick and easy way to get started with your business plan? Soon, we will be launching a new and improved version of the ever popular Quick Start Business Plan in it's own website, where you'll be able to make your plans and come back to them time and time again. We are including lots of additional resources too to help inspire you and make business planning easier and more fun. If you want to get going right away, check out the original Quick Start Business Plan on the SCORE website right here . Small Business Administration (SBA) Business Plan Outline.
What goes in a business plan?
This is an excellent question. And, it is one that many new and potential small business owners should ask, but oftentimes don't ask. The body of the business plan can be divided into four distinct sections: 1) the description of the business, 2) the marketing plan, 3) the financial management plan and 4) the management plan. Addenda to the business plan should include the executive summary, supporting documents and financial projections. Content of a business plan. A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
It may also contain background information about the organization or team attempting to reach those goals. Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. Business Plans - Business Plan Outline. Thinking of writing a business plan?
Here is a business plan outline, listing the sections in the order in which they will appear in your completed plan with a brief explanation of each section to help you get organized and guide you through the process. The Executive Summary While appearing first, this section is written last. It summarizes the key elements of the entire business plan. (Executive Summary Example) The Industry An overview of the industry sector that your business will be a part of, including industry trends, major players in the industry, and estimated industry sales.
Market Analysis An examination of the primary target market for your product or service, including geographic location, demographics, your target market's needs and how these needs are being met currently. Competitive Analysis. Business Plan Outline. Business Planning What are the Benefits?
Every wholesale, retail, and/or service business can benefit from the preparation of a carefully written business plan. There are two main purposes for writing that plan. There is an additional benefit if you do business internationally. 1. Business Plan Templates and Free Sample Business Plans - Bplans. If you’re like most small business owners, you’ve never had to create a business plan before.
In fact, you may have never even seen a formal business plan document let alone had to put one together. This is why we gathered this collection of sample plans for you here on Bplans. Business plan. Template Gallery. Skip to Main Content Area Enter terms Enter Zip or City,State Home » Templates & Tools Score.org.
Business Plan Samples Sample Business Plans. How to write a business plan, sample business plans, templates,