Page 5 - Notes

 Marketing plan
 Financial plan
 Miscellaneous
3. Most important elements of Business Plan are:
i. Introductory profile:

 Entrepreneur’s bio data
 Industry’s profile
 Constitution and organization
 Product Details
ii. Description of business venture/ Business venture:
 Mission statement

 Reason for existence
 Written declaration of core purpose
size, physical infrastructure ( raw materials, labor, utilities, pollution control,
transport, production and machinery and equipment)
iii. Production Plan: Picturising ahead every step in a long series of separate
operations. Each step to be taken in the right place of the right degree and at the
right time and each operation to be done at maximum efficiency.

 No manufacturing
 Partial manufacturing
 Complete manufacturing

iv. Organizational plan: Complete idea about the set up of the organization and
includes:
 Form of ownership
 Details about the business partners/members
 Administrative structure
 Levels of management
 Organizational structure
v. Operational and Production plan: Deal with the transformation of raw material
into product or services. It includes:
 Details of manufacturing process
 Physical infrastructure required
 Types of plant and machinery
 Raw materials to be used
 Requirement of power etc.
vi. Financial Plan: It translates all other parts of business in anticipated financial results.
It consists of financial statement analysis such are: