Assignment:
Business Plan 3,500 to 4,000 words on Transportation and Logistics Field of Business Entrepreneurship: A Real-World Approach by Abrams Key Assignment Draft Write a detailed outline (like the one below) of your business plan (Transportation and Logistics).
Organization is important. Outlines will vary based on the type of venture. A basic outline of the proposed business plan would include the following:
• Cover Page
o Name of the business
o Address and phone number
o Issue date of plan
• Table of Contents
• Executive Summary
o Company information
o Market opportunity
o Financial data
• Company o Background o Business form
o Reason for the firm's establishment
• Environmental Analysis
o Economic
o Competitive
o Legal
o Political
o Cultural
o Technological
• Products or Services
o Different from those currently on the market
o Other uses for the product
o Drawings or photos, if appropriate o Patents or trademarks
o Competitive advantage
o Potential for growth
o Manage the product or service through the product life cycle
o Expand the product line or develop related products
• Management Team o Technical skills
o Business skills o Experience
o Compensation o Training o Professional assistance
• Time Line o Outline interrelationship and timing of major events planned for your venture
o Timing of objectives should be realistic and attainable
• Benefits to the Community
o Economic development
o Community development
o Human development
• Exit Strategy (How and how long before you and your investors will exit the business and get back your investments?)
o Who will succeed you in the business?
o Will the business be sold?
• Financial Plan
o Sources and uses of capital (initial and projected)
o 3-year projections of:
o Cash flow statements
o Balance sheets Profit and loss statements
o Breakeven analysis
o Conclusions and important points:
o Discussion of how much equity and how much debt are included
o Highest amount of cash needed Expected payback period for loans