Business Work Plan

Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.

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In its entirety, this document serves as a road map that provides direction to the business.

Business plans may be internally or externally focused.

An "elevator pitch" is a short summary of the plan's executive summary.

This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners.

With for-profit entities, external stakeholders include investors and customers, for government agencies, external stakeholders are the tax-payers, higher-level government agencies, and international lending bodies such as the International Monetary Fund, the World Bank, various economic agencies of the United Nations, and development banks.

Internally-focused business plans target intermediate goals required to reach the external goals.If a new product is being proposed and time permits, a demonstration of the product may be included.A written presentation for external stakeholders is a detailed, well written, and pleasingly formatted plan targeted at external stakeholders.A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation.Preparing a business plan draws on a wide range of knowledge from many different business disciplines: finance, human resource management, intellectual property management, supply chain management, operations management, and marketing, among others. a good business plan can help to make a good business credible, understandable, and attractive to someone who is unfamiliar with the business.Operational plans describe the goals of an internal organization, working group or department. The content and format of the business plan is determined by the goals and audience.For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission.A pitch deck is a slide show and oral presentation that is meant to trigger discussion and interest potential investors in reading the written presentation.The content of the presentation is usually limited to the executive summary and a few key graphs showing financial trends and key decision making benchmarks.An externally targeted business plan should list all legal concerns and financial liabilities that might negatively affect investors.Depending on the amount of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences.


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