History[ edit ] During the earliest times of American history, cities had little power given to them by State governments to control land use. After the American Revolutionthe focus on property rights turned to self-rule and personal freedom, as this was a time of very strong personal property rights. Local governments had simple powers which included maintaining law and order and providing basic services. Cities had little power, if any at all, to direct development in the city.
In the Products and Services section of your business plan, you will clearly describe--yep--the products and services your business will provide.
Use simple terms and avoid industry buzzwords so your readers can easily understand. On the other hand, describing how the company's products and services will differ from the competition is critical. So is describing why your products and services are needed if no market currently exists.
For example, before there was Federal Express, overnight delivery was a niche business served by small companies. FedEx had to define the opportunity for a new, large-scale service and justify why customers needed--and would actually use--that service.
Patents, copyrights, and trademarks you own or have applied for should also be listed in this section. Depending on the nature of your business, your Products and Services section could be very long or relatively short.
If your business is product-focused, you will want to spend more time describing those products. If you plan to sell a commodity item and the key to your success lies in, say, competitive pricing, you probably don't need to provide significant product detail.
Or if you plan to sell a commodity readily available in a variety of outlets, the key to your business may not be the commodity itself but your ability to market in a more cost-effective way than your competition.
But if you're creating a new product or servicemake sure you thoroughly explain the nature of the product, its uses, and its value, etc. Key questions to answer: Are products or services in development or existing and on the market? What is the timeline for bringing new products and services to market?
What makes your products or services different? Are there competitive advantages compared with offerings from other competitors?
Are there competitive disadvantages you will need to overcome? And if so, how? Is price an issue? Will your operating costs be low enough to allow a reasonable profit margin? How will you acquire your products?
Are you the manufacturer? Do you assemble products using components provided by others? Do you purchase products from suppliers or wholesalers?6. Strategic action plan - this is the most critical step of your business plan, because without it, your business will not get off the ground.
This should include your sales and marketing. pfmlures.com is the place to go to get the answers you need and to ask the questions you want. A business continuity checklist MegaPath has developed a shortlist of common items that those developing their first business continuity plan should consider.
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Whether you are starting up a company for the first time or you are a serial entrepreneur, someone in your company will inevitably pop the question: “Should we write a business plan?”.
A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. Written business plans are often required to obtain a bank loan or other financing.
What is a comprehensive plan? A series of policies, guidelines, and recommendations for the orderly development and growth of Mount Vernon. Why are we doing a comprehensive plan?