The Steps Involved in Writing a Business Plan
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Steps Involved in Writing a Business Plan
Writing a business plan is an important step for any entrepreneur or business owner. A well-written business plan can help secure funding, attract investors, and guide the direction of the company. While the process of writing a business plan may vary depending on the specific type of business, there are certain key elements that should be included in every plan. Below is a general outline of the steps involved in writing a business plan.
Executive Summary: This section should provide a brief overview of the entire business plan and include the key points of the plan. It should be written last, but placed first in the plan. The Executive summary highlights main aim of the Business, target market, plans of growth and profit generation.
Company Description: This section should provide a brief history of the company and describe its mission, vision, and values. It should also include information on the ownership structure of the company and any key partners or advisors.
Industry Analysis: This section should provide an overview of the industry in which the company operates, including information on trends, competitors, and market size. It should also include an analysis of the company’s target market and customer base.
Market Analysis: This section should provide more detailed information on the target market and customer base, including demographic data, buying habits, and needs. It should also include information on the company’s marketing and sales strategy, as well as any unique selling points or competitive advantages.
Service or Product Line: This section should provide a detailed description of the company’s products or services, including information on how they are developed, manufactured, and delivered. It should also include information on any patents, trademarks, or other intellectual property the company may have.
Operational Plan: This section should provide information on how the company will operate on a day-to-day basis, including information on production or delivery processes, equipment and facility needs, and inventory management.
Management and Organization: This section should provide information on the company’s management structure and key personnel. It should also include information on how the company is organized, including information on any legal structures, such as partnerships or LLCs.
Financial Projections: This section should provide financial projections for the company, including income statements, cash flow statements, and balance sheets. It should also include information on any financing the company may be seeking, such as loans or investments.
Appendices: This section should include any additional information that may be helpful to the reader but is not essential to the main body of the plan, such as resumes of key personnel, copies of leases or contracts, or market research data.
When writing a business plan, it’s important to remember that the plan should be tailored to the specific needs of the business and its audience. For example, if the plan is being written for a bank loan, it should focus on the company’s financial projections and ability to repay the loan. On the other hand, if the plan is being written to attract investors, it should focus on the company’s growth potential and potential returns on investment.
It’s also important to make the plan clear, concise, and easy to understand. It’s a good idea to use charts, tables, and other visual aids to help explain complex information. The tone of the plan should be professional and confident, while also being realistic and honest.
It’s a good idea to also review the plan after it’s written, making sure it is complete and corrects any errors or inconsistencies.
Finally, it’s worth to mention that a business plan should be a living document that’s updated regularly as the business grows and changes. It should be reviewed and updated at least once a year
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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The Steps Involved in Writing a Business Plan
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