How do i build a business plan infographic

Apr 17, 20151 like205 views

You have a powerful idea for the next big thing, but before you sell it to anyone, you have to get it all down on paper. It’s time to make a business plan.

How Do I Build a Business Plan? (Infographic)
medium.com/@KnutNylaende/how-do-i-build-a-business-plan-infographic-fb627a1c4a2f
You have a powerful idea for the next big thing, but before you sell it to anyone, you have to get it all down
on paper. It’s time to make a business plan.
How do you know if you’re headed in the right direction? Washington State University created an
infographic that provides 10 guidelines to help prospective entrepreneurs organize their thoughts and wow
potential investors.
Related: When Planning for the Future, Keep Your Past in Perspective
The infographic details some major questions that aspiring CEOS need to ask themselves like, what
problem is my business going to solve, what’s my company’s mission, and what do we do better than
anyone else in the market?
But you aren’t quite done yet. A thorough business plan includes who your target demographic is, the
conditions of the market you’re entering into and accounts for worst-case scenarios. And of course, there’s
the money: how much you need to get going, and where it’s going to come from once your business is up
and running.
Related: A Business Plan for the Startup Economy
For more information, like how much funding you’ll need before applying for a small business loan (that’s
30 percent), check out the infographic below.
Related: Business lessons from the world of intelligence
Click to Enlarge+

How do i build a business plan infographic

Originally published at www.entrepreneur.com.

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As the funding climate for charities becomes increasingly challenging, many are seeing social enterprise as a way of diversifying their income streams to create a sustainable business model. However, with failure rates for new businesses in the private sector running at nearly 50% in the first five years, how can charities give their ideas the best chance of converting to ventures that deliver? At Pilotlight we bring teams of business leaders, our Pilotlighters, together with charities and social businesses to give them the strategic support they need to become more efficient, effective and sustainable. We asked some of our Pilotlighters who have built their own businesses, to share the questions that they think every organisation should ask before starting a social enterprise. They’ve also provided the answers that we hope will help you think through and start to plan your new venture. Q1: Why set up a new business? Q2: Who are our customers and what are they looking for? Q3: What do we want the business to look and feel like in a few years time? Q4: Will we have the cash available to fund what we need, when we need it? Q5: What might go wrong and how could we respond? Q6: Do we have the capability to deliver the social enterprise effectively? Q7: How do we build the right team to plan and launch it? Q8: How will we build customer awareness and demand for our offering? Q9: How do we make sure that our current employees and volunteers don't see the social enterprise as a threat to what they do or what the charity does? Q10: How do we know if we’re making progress? Q11: We have never attempted anything quite on this scale, how do we set ourselves up for success? Q12: What kind of partnerships will help us succeed? Other things to consider

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17 C H A P T E R 2 The Business Plan Process Once you determine a business plan is a necessary tool for your company, you may wonder, “Where do I start?” Because a plan requires detailed information on almost every aspect of your business, including industry, market, operations, and personnel, the process can seem overwhelming. The business plan process entails five fundamental steps: 1. Laying out your basic business concept. 2. Gathering data on the feasibility and specifics of your concept. 3. Focusing and refining the concept based on the data you compile. 4. Outlining the specifics of your business. 5. Putting your plan in compelling form. The first step is to lay out your basic business concept. In the previous chapter, you were provided a worksheet on which to delineate the various components of your business. With an existing operation, it may be tempt- ing to skip over this step, but if you wish to develop strategies for future success, you must first examine the assumptions underlying your current efforts. The focus of this chapter is on steps 2 and 3: gathering and interpreting the data you need. Solid information gives you a realistic picture of what happens in businesses similar to yours, as well as a better understanding of your own company. You can then evaluate and refocus your concept in light of your newly acquired information; a worksheet provided at the end of this chapter will help you with this evaluation. Getting Your Plan Started You find easy answers only by asking tough questions. “You must have ongoing contingency plans to allow for miscalculations, disappointments, and bad luck. It’s assumed that if you’re a leader, you don’t make mistakes. But it’s not so; if you’re decisive, you’ll sometimes miscalculate, and sometimes just be unlucky. You need to openly discuss the possibility of mistakes, so people are prepared and aren’t crestfallen when they occur. You need to rehearse your contingency plans.” Bill Walsh Former Coach and President, S.F. 49ers 017-040_SBP5_Ch02_FINAL.indd 17 7/25/10 3:37 PM S u C C e S S F u l B u S i n e S S P l a n s E C R E T s & s T R AT E g i E s18 Once you have compiled sufficient information and re-evaluated your business concept, you can begin to actually write your plan. By following the chapters of this book and completing the Plan Preparation Forms, you can shape your plan into a compelling document. Developing a business plan is much more a business project than a writing assignment. The process itself — not just the document pro- duced — can positively affect the success of your business. During the every- day operation of your business, you seldom have time to think through the kinds of issues you’ll examine while putting together your business plan; the planning process gives you a rare opportunity to enhance your knowledge of how your company, market, and industry work. Gathering informatio ...

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Weddings are supposed to be magical, but the months leading up to mine were anything but. Already, wedding planning was a high-stress, sleep-deprived whirlwind: endless details to manage, from venue deposits and guest lists to dress fittings and vendor contracts. But nothing-and I mean, nothing-compared to the panic that washed over me when I realized that somehow, I had lost access to my Bitcoin wallet-with $600,000 inside. It happened in the worst possible way. In between juggling my to-do lists and trying to keep my sanity intact, I lost my seed phrase. I went through my apartment like a tornado, flipping through notebooks, checking every email, every file-nothing. I sat there in stunned silence, heart pounding, trying to process the fact that my entire savings, my security, and my financial future might have just vanished. In utter despair, I vented to my bridesmaid's group chat for some sympathetic words from the girls. Instead, one casually threw out a name that would change everything in a second: "Have you ever heard of Tech Cyber Force Recovery? They recovered Bitcoin for my cousin. You should call them." I had never heard of them before, but at that moment, I would have tried anything. I immediately looked them up, scoured reviews, and found story after story of people just like me—people who thought they had lost everything, only for Tech Cyber Force Recovery to pull off the impossible. That was all the convincing I needed. From the very first call, I knew I was in good hands. Their team was calm, professional, and incredibly knowledgeable. They explained the recovery process in a way that made sense, even through my stress-fogged brain. Every step of the way, they kept me informed, reassured me, and made me feel like this nightmare actually had a solution. And then, just a few days later, I got the message: "We have recovered your Bitcoin." (EMAIL. support @ tech cyber force recovery . com) OR WHATSAPP (+1 56 17 26 36 97) I could hardly believe my eyes: Six. Hundred. Thousand. Dollars. In my hands again. I let out my longest breath ever and almost cried, relieved. It felt like I woke up from a bad dream, but it was real, and Tech Cyber Force Recovery had done it. Because of them, I walked down the aisle not just as a bride, but as someone who had dodged financial catastrophe. Instead of spending my honeymoon stressing over lost funds, I got to actually enjoy it—knowing that my wallet, and my future, were secure. Would I refer to them? In a heartbeat. If you ever find yourself in that situation, please don't freak out, just call Tech Cyber Force Recovery. They really are the real deal.

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Factors Influencing Outsourcing Decisions in Large Manufacturing Organizations in Kenya A Study of British American Tobacco - Thika Outsourcing has become a critical strategy for large manufacturing organizations seeking to enhance efficiency, reduce costs, and focus on core competencies. In Kenya, companies such as British American Tobacco (BAT) - Thika have increasingly adopted outsourcing to streamline operations and improve overall performance. This study examines the key factors influencing outsourcing decisions in large manufacturing firms, with a specific focus on BAT Thika. 1. Overview of Outsourcing in Manufacturing Outsourcing in manufacturing refers to the delegation of certain production processes, logistics, human resource management, or other business functions to third-party service providers. It allows companies to leverage external expertise, reduce operational costs, and improve productivity. BAT Thika, as a leading tobacco manufacturer, outsources various functions, including raw material supply, distribution, security services, and IT solutions, to enhance efficiency and competitiveness. 2. Factors Influencing Outsourcing Decisions Several factors influence the decision to outsource in large manufacturing organizations, including: a) Cost Reduction and Efficiency Cost considerations are among the primary drivers of outsourcing. BAT Thika, like other manufacturers, seeks to lower operational expenses by outsourcing non-core functions such as maintenance, transportation, and administrative services. Outsourcing helps reduce overhead costs, minimize labor expenses, and optimize production efficiency. b) Focus on Core Competencies By outsourcing non-essential operations, BAT Thika can concentrate on its primary business activities, such as product innovation and quality control. This strategic focus allows the company to allocate resources effectively and maintain a competitive advantage in the tobacco industry. c) Technological Advancements The rapid evolution of technology has necessitated outsourcing in areas such as IT infrastructure, cybersecurity, and automation. BAT Thika collaborates with external IT firms to manage digital operations, data security, and system maintenance, ensuring it remains technologically competitive. d) Quality and Service Improvement Outsourcing enables access to specialized expertise, leading to better product quality and service delivery. BAT Thika partners with third-party logistics providers and raw material suppliers to ensure consistent quality standards and timely production. e) Regulatory and Compliance Factors The manufacturing sector in Kenya is governed by strict legal, environmental, and industry regulations. BAT Thika outsources legal and compliance functions to ensure adherence to government policies, tax laws, and international tobacco regulations. f) Supply Chain and Market Dynamics Outsourcing is influenced by market trends, demand fluctuations, and supply chain constraints.

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Tran Quoc Bao - Best and Most Influential Healthcare Leaders in Vietnam 2024Ignite Capital

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Tran Quoc Bao: Redefining Healthcare Leadership in Vietnam and Promoting Global Medical Tourism He is recognized by Google as one of the Best and Most Influential Healthcare Leaders in Vietnam in 2024. Bao stands as a visionary force in transforming the country’s healthcare landscape. From spearheading groundbreaking partnerships to raising Vietnam’s profile in global medical tourism, Dr. Bao’s leadership has left an indelible mark on the industry. Dr. Bao’s extensive influence spans across several key organizations, including Prima Saigon, PwC Consulting, City International Hospital, TMMC Healthcare, and Cao Thang Hospital. His work has been integral in shaping a modern, innovative healthcare ecosystem that leverages international collaborations to improve Vietnam’s medical standards and attract global attention. A cornerstone of Dr. Bao’s strategy has been fostering partnerships with leading global entities. Through TMMC Healthcare, he facilitated cutting-edge technology transfer and medical staff training in collaboration with international partners, particularly from Japan. These collaborations have propelled Vietnam into the global healthcare conversation, offering patients world-class treatments and medical expertise. At City International Hospital, Dr. Bao’s vision came to life as the institution became a hub for medical tourism, known for providing high-quality healthcare at competitive prices. His leadership in ensuring the integration of international best practices, advanced technology, and patient-centered care has made the hospital a sought-after destination for medical tourists worldwide. Under his guidance, Cao Thang Hospital has also grown into a key player in delivering exceptional healthcare services, while Prima Saigon and PwC Consulting have provided strategic insights into enhancing Vietnam's healthcare infrastructure and business practices. Dr. Bao’s efforts extend beyond healthcare facilities. He has been a catalyst for international conferences and medical tourism initiatives, positioning Vietnam as an emerging global destination for health services. By collaborating with global experts and medical institutions, Dr. Bao has created opportunities for knowledge exchange, advancing the country’s reputation as a hub for innovation and quality care. In 2024, as one of Vietnam’s leading healthcare figures, Dr. Bao’s contributions have positioned the country as a key player in the medical tourism market. His strategic vision continues to bridge the gap between healthcare excellence and global recognition, cementing Vietnam’s place on the world stage. Through his work, Dr. Tran Quoc Bao is not only shaping the future of healthcare in Vietnam but also driving international collaboration and establishing the nation as a beacon of medical innovation.

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How do i build a business plan infographic

1. How Do I Build a Business Plan? (Infographic) medium.com/@KnutNylaende/how-do-i-build-a-business-plan-infographic-fb627a1c4a2f You have a powerful idea for the next big thing, but before you sell it to anyone, you have to get it all down on paper. It’s time to make a business plan. How do you know if you’re headed in the right direction? Washington State University created an infographic that provides 10 guidelines to help prospective entrepreneurs organize their thoughts and wow potential investors. Related: When Planning for the Future, Keep Your Past in Perspective The infographic details some major questions that aspiring CEOS need to ask themselves like, what problem is my business going to solve, what’s my company’s mission, and what do we do better than anyone else in the market? But you aren’t quite done yet. A thorough business plan includes who your target demographic is, the conditions of the market you’re entering into and accounts for worst-case scenarios. And of course, there’s the money: how much you need to get going, and where it’s going to come from once your business is up and running. Related: A Business Plan for the Startup Economy For more information, like how much funding you’ll need before applying for a small business loan (that’s 30 percent), check out the infographic below. Related: Business lessons from the world of intelligence Click to Enlarge+

4. Originally published at www.entrepreneur.com.

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