EXECUTION AND BUSINESS PLAN Flashcards
(9 cards)
● is a written document that describes in detail how a business is usually a startup.
● Defines its objectives and how to achieve the set goals.
● Is a comprehensive document that outlines the goals, strategies, operations, and
financial projections for a new or existing business.
Business Plan
Why Create a Business Plan?
● Reduce, if not remove, the risk of losing money invested in a poorly researched or unstudied business idea.
● Avoid costly mistakes.
● Anticipate your financial requirements.
● Organize your activities beforehand.
● Assess actual performance against set goals.
● Apply for financing from lending institutions.
Purpose of a Business Plan
● External Uses
○ Investment fund
○ Bank Financing
○ Strategic Alliance
○ Mergers and Acquisition
○ Customer-distributor relationship
● Internal Uses
○ Company’s development and
○ modification
○ Overall commitment
○ Control performance
Types of Business Plan
● Based on the Audience
(a) Internal
(b) External
● Based on Scope
(a) Standard
(b) Lean
● Based on Purpose and Format
○ One Page
○ Startup
○ Strategic
○ Feasibility
○ Operational
○ Growth
Process of a Business Plan
○ Gather the right data
○ Outline the plan.
○ Determine what kind of plan.
○ Designate responsibilities.
Parts of a Business Plan
○ Executive Summary
○ Company Description
○ Market Analysis
○ Products or Services
○ Marketing and Sales Strategy
○ Operations and Management
○ Financial Plan
○ Appendix
is a detailed plan that outlines the specific steps, activities, and
timelines required to achieve the objectives outlined in the business plan.
It serves as a roadmap for executing the strategies and tactics that have been
identified as necessary for the success of the business.
Execution Plan
Components of Execution Plan
○ Action items
○ Responsible parties
○ Timelines
○ Resource allocation
○ Key performance indicators
○ Contingency planning
Business Plan vs Execution Plan
*kayo na bahala sumagot niyan, feel ko kasama yan HAHAHAHA
