Every business starts with research and planning. The main purpose for writing a business plan is to get aware of those things that you might not have known or thought of yet. Depending on your case, you might be interested in devising a gaming lounge business plan or an eSports arena business plan. As these are very close to the concept of Internet cafe we offer to use this as a template, expanding it with additional points where necessary.
An Introduction to Business Essay
An Introduction to Business Plans
The introduction is the first section of the document. It explains what the document is about and why you have written it. An executive summary is the full document, which can be 20 to 30 pages or more, condensed down to a few bullet points or paragraphs. You should be able to get the gist of the entire document simply by reading the executive summary. An introduction explains what the document is about and may contain your aims and objectives. An executive summary is a condensed version of the entire report and can be read as a standalone document. The main difference between these two sections is their purpose.
How to Write an Executive Summary for a Business Plan (PDF)
Without such a plan a business is likely to drift. A budget can be defined as "a financial or quantitative statement", prepared for a specific accounting period typically a year , containing the plans and policies to be pursued during that period. Generally, a functional budget is prepared for each functional area within a business e. In addition, it is also normal to produce a "capital budget" detailing the capital investment required for the period, a "cash flow budget", a "stock budget" and a "master budget", which includes the budgeted profit and loss account and balance sheet. A business plan has to be particular to the organisation in question, its situation and time.
The following business plan for the fictional firm of "Acme Management Technology" AMT is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan. This business plan leads the way by renewing our vision and strategic focus of adding value to our target market segments—the small business and high-end home office users in our local market.