3 Year Business Plan
Transcript: Looking at in final weeks? Presentations. (outstanding). Studio time (outstanding). Look into the 3 year business plan. Referencing/ invoicing. Mixing: Extreme Metal. Asses individual progress. marketing/ startegy Appendix 3 Year Business Plan Funding Business Plan? Diversification? Advertising. Why? Means of distribution. Why? Short term goal (immediate plan). Long term goal (changes in progress). Market place/ Competitors Business details What to include? Financial projections Gives an investor ability to find page that interests them quickly. Management details Public Sector: The Arts Council. (1994, 3 bodies, culture, media, sport. Regional support: Jobcentre plus. The Princes trust. Personal sponsor. (friends, private foundations/ charities, sponsership, banks, business angels). Private sector funding: Sellaband. Financial Forecast? Examples: Logo, letterheads, business cards, leaflets, research material etc. Location? Today's session Executive summary Business details Introduction? https://c.ymcdn.com/sites/www.rockford.edu/resource/resmgr/docs_communityed/samplebusinessplan.pdf Appendix? Products/ services. The charging for these. Companies you may work with. Road-map for future development. Key document for business funding. Overdraft, new investment capital. Creates vision & Goals. For: Investors, Yourself, Lenders. Sets out: spending of this & benefits. "Fail to prepare, then prepare to fail". Business details Marketing Plan/ Strategy Legal Entity? Area of trade. Type of building. Size Costs of refurbishments why site is chosen? marketing/ strategy Contents? Growth & survival. 1) How it can be more: Profitable/ competitive. Conquer new positions. 2) Continue to grow in current market. 3) Survive in bad market. Bios of your staff: Qualifications/ training. Credentials. Who your looking to employ. Projection. Income/ expenses over 6 - 12months. Any loan required. (how much/ why?) Other investors? Debts? Long term cash flow forecast. - Pie chart. - Graph. - Spreadsheet. Financial info from competitors. what % of Swindon market are you taking? What average of income monthly do you expect? (clients) Nature of Business? Contents Introduction Legal Entity Location Nature of business Marketplace & Competition Marketing Plan/ Strategy Diversification Financial Forecast Appendix Market Research Evidence. Demographic (customer base). USP. Competition, who could provide better? How you will overcome competition. S.W.O.T. Analysis: Strengths : Outline them. Weakness: (remedies or exit for this). Opportunities: (in the marketplace, trends tactics, future partnerships, seasonal) Threats: competitors, obstacles, Economy etc. Usually done last. Provides Brief overview. Summary of most important factors. Aim/ Objective. (deliberately vague) "Executive Summary". 1 Page or less. May Involve: Type of company. Service provided. (U.S.P./ how your selling) Immediate plans. (market research) Future plans. (hope to achieve) Contents Company name. Any supporting documents (certificates of incorporation etc). http://www.accaglobal.com/content/dam/acca/global/business-finance/airport-cafe.pdf