rmit business plan competition 2023

Cuộc Thi RMIT Business Plan Competition (RBPC) Chính Thức Mở Đơn Đăng Ký Năm 2023

Cuộc thi RMIT Business Plan Competition (RBPC) là cuộc thi quốc gia thường niên kêu gọi học sinh THPT và đại học trình bày những ý tưởng kinh doanh sáng tạo phá vỡ mô hình kinh doanh truyền thống và giải quyết các vấn đề thực tế. Tầm nhìn và sứ mệnh của cuộc thi là khuyến khích giới trẻ tâm trí trở thành người tiên phong trong các giải pháp kỹ thuật số trong năm lĩnh vực khác nhau nhằm thúc đẩy sự phát triển bền vững của thế giới chúng ta. Nếu bạn đang có một ý tưởng kinh doanh ứng dụng công nghệ để giải quyết những vấn đề về phát triển bền vững, hãy sẵn sàng trở thành người vô địch. Đây chính là cơ hội cho bạn tỏa sáng! Hãy tham gia cuộc thi để phát huy sự thông minh, sáng tạo, làm việc nhóm và quyết tâm mãnh liệt cho cuộc tranh tài lần này.

📌ĐỐI TƯỢNG THAM GIA:

• Học sinh THPT và Sinh viên từ các trường đại học, cao đẳng trên toàn quốc (Một đội phải có tối thiểu là 3 và tối đa là 4 thành viên)
• Lưu ý đặc biệt: Có thể bao gồm cả học sinh THPT và sinh viên đại học trong một đội.

📌LỊCH TRÌNH CỤ THỂ:

• 6/8/2023: Chính thức phát động mở đơn đăng ký cuộc thi.
• 26/8/2023 (Online): Lễ Khai mạc và Hội thảo Tập huấn lần thứ nhất.
• 27/8/2023 (Online): Hội thảo Tập huấn lần thứ hai.
• 23h59′ ngày 17/9/2023: Hạn nộp đơn Vòng 1.
• 1/10/2023: Thông báo kết quả đội lọt vào vòng Bán kết.
• 23h59′ ngày 8/10/2023: Hạn nộp bài dự thi Vòng 2.
• 18/10/2023: Thông báo đội lọt vào vòng Chung kết.
• 22/10/2023 (Online): Hội thảo cho vòng Chung kết.
• 5/11/2023: Diễn ra vòng chung kết.

📌VÒNG SƠ KHẢO:

• Yêu cầu: Leader của team sẽ là người đại diện để điền đơn ở vòng sơ khảo. Sau khi đăng ký, Ban tổ chức sẽ sớm liên hệ với các đội . Các đội lưu ý phải đăng ký các lĩnh vực trọng tâm phù hợp thông qua form: TẠI ĐÂY .
• Các nhóm đã đăng ký tiến hành gửi báo cáo kế hoạch kinh doanh (proposal business plan) dưới dạng PDF tới [email protected] trước 23:59 ngày 17/09/2023, theo cú pháp đặt tên sau: RBPC2023 – Tên nhóm – Tên dự án
• Tên các thành viên trong đội
• Giới thiệu về dự án/sản phẩm của đội
• Bạn đang cố gắng giải quyết vấn đề gì? Cũng có thể là một vấn đề quan trọng và có liên quan đến chủ đề cuộc thi cũng như lĩnh vực bạn đang tập trung hướng đến.
• Mục tiêu chính/mục tiêu có thể xác định được của dự án đội bạn là những mục tiêu nào?
• Mục tiêu/đối tượng của dự án cần phải đo lường được và phù hợp với (các) vấn đề đã nêu ở trên. Các mục tiêu cũng phải có ý nghĩa và phù hợp với lĩnh vực đã chọn….
• Dự án giải quyết thỏa đáng (các) vấn đề nêu trên.
• Giải pháp/sản phẩm phải mang tính sáng tạo và bao gồm sự số hóa với các dẫn chứng rõ ràng.
• Nhóm cần phải biện minh tính khả thi của kế hoạch kinh doanh, bao gồm cả thương mại (ví dụ: người dùng tiềm năng, tính cạnh tranh) và các giải pháp kỹ thuật (ví dụ: thiết kế dự án và yếu tố cơ bản về quản trị), đánh giá rủi ro cũng như các vấn đề liên quan.
• Giải thích và đánh giá những đóng góp và tác động của dự án. Làm thế nào để dự án có thể tạo ra các giá trị chung (không chỉ giá trị tiền tệ), nhóm các yếu tố hưởng lợi từ dự án, các mục tiêu trực tiếp và gián tiếp (một nhóm xã hội, một cộng đồng, một lĩnh vực) và các kênh mà tác động có thể xảy ra?
• Kết thúc kế hoạch kinh doanh của đội
• Danh mục tài liệu tham khảo (nếu có)
• Phụ lục và tài liệu bổ sung

📌VÒNG BÁN KẾT:

• Bối cảnh và lời giới thiệu về dự án/sản phẩm của đội (ví dụ: vấn đề gặp phải mà đội đang muốn giải quyết là gì, mục tiêu của kế hoạch kinh doanh,…)
• Làm thế nào để dự án/sản phẩm được đề xuất của đội giải quyết được vấn đề ban đầu đã nêu bằng cách sử dụng công nghệ tiên tiến?
• Kết quả mong đợi (kết quả liên quan đến tính bền vững, liên kết với chủ đề mang tính cạnh tranh và chủ đề phụ mà đội đã chọn, …)
• Lưu ý: Các đội được yêu cầu phải gửi video đến [email protected] trước 23h59′ ngày 8/10/2023.

📌VÒNG CHUNG KẾT:

• Hình thức: Thuyết trình trực tiếp ở địa điểm sẽ được công bố sau.
• 5 đội lọt vào vòng Chung kết sẽ được thông báo vào ngày 18/10/2023.
• Mỗi đội lọt vào vòng chung kết sẽ được đồng hành và cố vấn bởi một chuyên gia trong ngành.
• Các đội cần tham khảo ý kiến của cố vấn của mình để chuẩn bị cho “cú ném bóng cuối cùng”.
• Vòng chung kết: Những đội vào chung kết sẽ trình bày trong 10 phút, với 10 phút cho phần hỏi đáp trước hội đồng ban giám khảo. Trận chung kết sẽ diễn ra vào 5/11/2023
• Giới thiệu về dự án/sản phẩm.
• Báo cáo vấn đề và đối tượng/mục tiêu của dự án
• Trình bày và chứng minh kế hoạch kinh doanh, bao gồm cả thương mại và giải pháp kỹ thuật, đánh giá rủi ro và các vấn đề liên quan khác
• Các nhóm hưởng lợi từ dự án/sản phẩm dự án, mục tiêu trực tiếp, mục tiêu gián tiếp (một nhóm xã hội, một cộng đồng, một ngành) và các kênh mà tại đó có các tác động có thể xảy ra.
• Phần kết luận
• Cách tiếp cận giải quyết vấn đề
• Tính khả thi và tầm nhìn
• Tác động xã hội & môi trường
• Làm việc theo nhóm
• Trình bày tổng thể

📌ĐIỀU KHOẢN VÀ ĐIỀU KIỆN CUỘC THI:

• Các điều khoản và điều kiện này cùng với bất kỳ quy tắc cụ thể nào được nêu trong Thông báo về Cuộc thi (như được định nghĩa bên dưới) là Điều khoản của Cuộc thi (“Điều khoản”), cùng với nhau được định nghĩa là “Cuộc thi”, trừ khi có quy định rõ ràng khác. Khi tham gia, người dự thi phải đồng ý bị ràng buộc bởi các Điều khoản này.
• Những cuộc thi được tổ chức và điều hành bởi Business School, RMIT Việt Nam các nhà tài trợ hoặc bất kỳ công ty nào, Câu lạc bộ FinTech RMIT Việt Nam hoặc sở hữu hoặc kiểm soát trang web (trực tiếp hoặc gián tiếp).
• Chúng tôi có quyền hủy bỏ hoặc sửa đổi Cuộc thi, Thông báo về Cuộc thi hoặc các Điều khoản này bất kỳ lúc nào mà không cần thông báo trước. Mọi thay đổi sẽ được đăng trong Thông báo cạnh tranh hoặc các Điều khoản này.
• Trong trường hợp có bất kỳ tranh chấp nào liên quan đến hành vi, kết quả và tất cả các vấn đề khác liên quan đến Cuộc thi, quyết định của chúng tôi sẽ là quyết định cuối cùng và không có thư từ hoặc bất cứ cuộc thảo luận nào sẽ diễn ra.
• Để đủ điều kiện tham gia Cuộc thi, bạn hiện phải đang theo học tại một trường THPT hoặc đại học của Việt Nam.
• Nhân viên của Business School thành viên Câu lạc bộ FinTech RMIT Việt Nam hoặc bất kỳ công ty nào tham gia Cuộc thi hoặc bất kỳ công ty quảng cáo nào kết nối với tổ chức, hoặc công ty con hoặc công ty liên kết, đại lý hoặc thành viên gia đình hoặc hộ gia đình của họ đều không đủ điều kiện tham gia Cuộc thi. Tổ chức bảo lưu quyền xác minh tính đủ điều kiện của tất cả những người tham gia.
• Bằng cách tham gia Cuộc thi, bạn đảm bảo rằng tất cả thông tin do bạn gửi là đúng, hiện tại và đầy đủ.
• Tổ chức cho rằng bằng cách sử dụng trang web của họ và tham gia Cuộc thi (và bạn đảm bảo điều đó) bạn có đủ năng lực pháp lý để tham gia Cuộc thi và đồng ý với các Điều khoản (tức là bạn đủ tuổi và năng lực tinh thần và có quyền bị ràng buộc về mặt pháp lý trong hợp đồng) hoặc cha mẹ của bạn đã đồng ý cho bạn tham gia Cuộc thi và tuân theo các Điều khoản này.
• Tổ chức bảo lưu quyền loại bất kỳ người dự thi nào nếu tổ chức có cơ sở hợp lý để tin rằng người dự thi đã vi phạm nghiêm trọng bất kỳ điều khoản nào trong số này và điều kiện đã đưa ra.
• Trong trường hợp bất kỳ thí sinh nào bị loại khỏi Cuộc thi, theo quyết định riêng của tổ chức, tổ chức có thể quyết định liệu có nên chọn một thí sinh thay thế hay không.
• Trong trường hợp này, người đăng ký tiếp theo sẽ được chọn theo cùng tiêu chí như người đăng ký ban đầu và sẽ tuân theo các Điều khoản này.
• Bằng cách đồng ý với Điều khoản và Điều kiện của Cuộc thi, bạn xác nhận và đảm bảo rằng, theo hiểu biết tốt nhất của bạn, tình trạng sức khỏe của bạn không thể bị ảnh hưởng bất lợi bởi bất kỳ sự kiện hoặc hoạt động nào được lên kế hoạch. Bạn phải thông báo cho Business School về bất kỳ tình trạng y tế hoặc tình trạng nào khác có thể có nghĩa là bạn không thích hợp để đi du lịch hoặc tham gia Cuộc thi ngay khi bạn biết về tình trạng đó.
• Bạn phải thực hiện tất cả các bước hợp lý để đảm bảo sức khỏe và sự an toàn của chính bạn. Bất kỳ hành vi hoặc hành động hoặc hành vi nào của bạn (bao gồm nhưng không giới hạn bất kỳ hành vi lạm dụng nào, hành vi, thể chất hoặc tâm lý) mà Business School cho rằng có thể gây ra bất kỳ rủi ro nào về y tế, an ninh hoặc an toàn có thể dẫn đến hậu quả tức thì là truất quyền thi đấu của bạn.
• Bạn có nghĩa vụ thực hiện tất cả các bước hợp lý để đảm bảo các tiêu chuẩn an toàn và sự phù hợp chung của các hoạt động được thực hiện trong Cuộc thi và thừa nhận rằng tất cả các hoạt động được thực hiện với rủi ro. Business School có quyền tước vị trí của bạn trong Cuộc thi hoặc Giải thưởng (không có trách nhiệm pháp lý hoặc bồi thường) nếu bạn có thể khiến bản thân hoặc những người khác gặp rủi ro về bệnh tật hoặc thương tích hoặc hủy bỏ, gián đoạn hoặc thu hẹp Cuộc thi.
• Bạn đồng ý không mang theo người (thuộc quyền sở hữu hoặc kiểm soát của bạn) hoặc mua hoặc tiêu thụ bất kỳ chất bất hợp pháp nào trong Cuộc thi.
• Chỉ cho phép mỗi người tham gia tập trung vào một lĩnh vực cho phép. Các mục nhập không đầy đủ hoặc không thể giải mã được sẽ bị vô hiệu (theo quyết định tuyệt đối của Business School).
• Bài dự thi phải được thực hiện theo cách thức và trước ngày kết thúc được quy định trong Thông báo về Cuộc thi. Không làm như vậy sẽ bị loại. Ở đó không yêu cầu mua hàng để tham gia Cuộc thi.
• Người đăng ký cần lưu ý rằng trừ khi chúng tôi có quy định khác, chúng tôi không chịu trách nhiệm trả lại bất kỳ bài dự thi nào, kể cả những bài bao gồm nghệ thuật hoặc tài liệu khác, và có thể loại bỏ các mục nhập theo quyết định của tổ chức.

📌GIẢI THƯỞNG CUỘC THI:

• 01 Giải Nhất: Phần thưởng trị giá khoảng 37.500.000 VNĐ cho mỗi đội 4 thành viên
• 01 Giải nhì: Phần thưởng trị giá khoảng 21.000.000 VNĐ cho mỗi đội 4 thành viên
• 01 Giải Ba: Phần thưởng trị giá khoảng 15.000.000 VNĐ cho mỗi đội 4 thành viên
• 02 Giải Khuyến khích: Phần thưởng trị giá khoảng 10.000.000 VNĐ cho mỗi đội 4 thành viên
• 01 Giải People’s Choice: Giải thưởng trị giá khoảng 3.000.000 VNĐ cho mỗi đội 4 thành viên

📌THÔNG TIN CHI TIẾT VỀ CUỘC THI: XEM TẠI ĐÂY

📌thông tin liên hệ:.

• Email: [email protected]
• Website: rbpc.rmit.edu.vn/
• Facebook: facebook.com/rmit.rbpc

Shortlink: https://ivolunteer.vn/z/21781

Trong quá trình tổng hợp và chia sẻ thông tin, các tình nguyện viên/ cộng tác viên/ thành viên rất khó tránh khỏi thiếu sót. Rất mong được độc giả cảm thông và góp ý tích cực để giúp iVolunteer Vietnam ngày một hoàn thiện & phát triển.

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homestay đắk lắk

Quán ăn ngon đắk lắk, đặc sản đắk lắk, ăn gì đắk lắk, ở đâu đắk lắk, chơi gì đắk lắk, kinh nghiệm du lịch đắk lắk tự túc, kinh nghiệm du lịch đà nẵng, điểm du lịch đà nẵng, khách sạn đà nẵng, homestay đà nẵng, quán ăn ngon đà nẵng, ăn gì đà nẵng, ở đâu đà nẵng, chơi gì đà nẵng, kinh nghiệm du lịch đà nẵng tự túc, kinh nghiệm du lịch cao bằng, điểm du lịch cao bằng, khách sạn cao bằng, nhà nghỉ cao bằng, homestay cao bằng, đặc sản cao bằng, ăn gì cao bằng, ở đâu cao bằng, chơi gì cao bằng, kinh nghiệm du lịch cao bằng tự túc, kinh nghiệm du lịch cần thơ, điểm du lịch cần thơ, khách sạn cần thơ, nhà nghỉ cần thơ, homestay cần thơ, quán ăn ngon cần thơ, đặc sản cần thơ, ăn gì cần thơ, ở đâu cần thơ, chơi gì cần thơ, kinh nghiệm du lịch cần thơ tự túc, điểm du lịch cà mau, khách sạn cà mau, nhà nghỉ cà mau, homestay cà mau, quán ăn ngon cà mau, đặc sản cà mau, ăn gì cà mau, ở đâu cà mau, chơi gì cà mau, kinh nghiệm du lịch cà mau tự túc, điểm du lịch bình thuận, khách sạn bình thuận, nhà nghỉ bình thuận, homestay bình thuận, quán ăn ngon bình thuận, đặc sản bình thuận, ăn gì bình thuận, ở đâu bình thuận, chơi gì bình thuận, kinh nghiệm du lịch bình thuận tự túc, kinh nghiệm du lịch bình phước, điểm du lịch bình phước, khách sạn bình phước, nhà nghỉ bình phước, homestay bình phước, quán ăn ngon bình phước, đặc sản bình phước, ăn gì bình phước, ở đâu bình phước, chơi gì bình phước, kinh nghiệm du lịch bình phước tự túc, điểm du lịch bình định, khách sạn bình định, nhà nghỉ bình định, homestay bình định, đặc sản bình định, ăn gì bình định, ở đâu bình định, chơi gì bình định, kinh nghiệm du lịch bình định tự túc, kinh nghiệm du lịch bình dương, điểm du lịch bình dương, khách sạn bình dương, nhà nghỉ bình dương, homestay bình dương, quán ăn ngon bình dương, đặc sản bình dương, ăn gì bình dương, ở đâu bình dương, chơi gì bình dương, kinh nghiệm du lịch bình dương tự túc, kinh nghiệm du lịch bến tre, điểm du lịch bến tre, khách sạn bến tre, nhà nghỉ bến tre, homestay bến tre, quán ăn ngon bến tre, đặc sản bến tre, ăn gì bến tre, ở đâu bến tre, chơi gì bến tre, kinh nghiệm du lịch bến tre tự túc, điểm du lịch bắc ninh, khách sạn bắc ninh, nhà nghỉ bắc ninh, homestay bắc ninh, quán ăn ngon bắc ninh, ăn gì bắc ninh, ở đâu bắc ninh, chơi gì bắc ninh, kinh nghiệm du lịch bắc ninh tự túc, điểm du lịch bạc liêu, khách sạn bạc liêu, nhà nghỉ bạc liêu, homestay bạc liêu, quán ăn ngon bạc liêu, đặc sản bạc liêu, ăn gì bạc liêu, ở đâu bạc liêu, chơi gì bạc liêu, kinh nghiệm du lịch bạc liêu tự túc, điểm du lịch bắc kạn, khách sạn bắc kạn, nhà nghỉ bắc kạn, homestay bắc kạn, quán ăn ngon bắc kạn, đặc sản bắc kạn, ăn gì bắc kạn, ở đâu bắc kạn, chơi gì bắc kạn, kinh nghiệm du lịch bắc kạn tự túc, kinh nghiệm du lịch bắc giang, điểm du lịch bắc giang, khách sạn bắc giang, nhà nghỉ bắc giang, homestay bắc giang, quán ăn ngon bắc giang, đặc sản bắc giang, ăn gì bắc giang, ở đâu bắc giang, chơi gì bắc giang, kinh nghiệm du lịch bắc giang tự túc, kinh nghiệm du lịch bà rịa vũng tàu, điểm du lịch bà rịa vũng tàu, khách sạn bà rịa vũng tàu, nhà nghỉ bà rịa vũng tàu, homestay bà rịa vũng tàu, quán ăn ngon bà rịa vũng tàu, đặc sản bà rịa vũng tàu, ăn gì bà rịa vũng tàu, ở đâu bà rịa vũng tàu, chơi gì bà rịa vũng tàu, kinh nghiệm du lịch bà rịa vũng tàu tự túc, kinh nghiệm du lịch an giang, điểm du lịch an giang, khách sạn an giang, nhà nghỉ an giang, homestay an giang, đặc sản an giang, ăn gì an giang, ở đâu an giang, chơi gì an giang, kinh nghiệm du lịch an giang tự túc, đặt vé máy bay hà nội, cắm trại yên bái, cắm trại vĩnh phúc, cắm trại vĩnh long, cắm trại tuyên quang, cắm trại trà vinh, cắm trại tiền giang, cắm trại thừa thiên huế, cắm trại thanh hóa, cắm trại thái nguyên, cắm trại thái bình, cắm trại tây ninh, cắm trại sơn la, cắm trại sóc trăng, cắm trại sài gòn, cắm trại quảng trị, cắm trại quảng ninh, bài viết liên quan khác.

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RMIT students win top prize in national business plan competition for the fifth time in a row

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An RMIT Vietnam team of four undergraduate students are the winners of the first virtual HSBC Business Case Competition 2021 and will represent Vietnam in the Asia-Pacific round in late May.

The winning team, named The Extraordinary, includes RMIT School of Business and Management students Mai Hoang My Hao, Nguyen Truong Thinh, Do Nguyen Anh Thu, and Nguyen Hoang Hai.   

The team beat out 20 outstanding students of five teams to receive VND50 million in cash by creating solutions for an international social enterprise to refine its business model toward a plastic-free lifestyle. 

According to The Extraordinary, the solution not only helped the business to survive its initial stage of growth, but also laid the foundation for the social enterprise to amplify its contribution and impacts to the society, aligning its values with the United Nation's Sustainable Development Goal 12: Sustainable Consumption and Production.

With the new online competition format, the team spent six hours working in a group to devise a strategic solution and map out an implementation plan, which they presented and defended in front of a panel of judges comprised of business leaders and professionals.

Bachelor of Business (Economics and Finance) student and team member Mai Hoang My Hao revealed how their response to challenges helped the team become the winner. 

“Although the online format of the competition did pose a challenge, we were quite adaptable and comfortable thanks to our preparation and practice,” Hao said.

"We strongly believe that our resilience gave us a competitive advantage, as it enabled us to turn pressure into motivation during the competition.” 

The Extraordinary got together to brainstorm ideas, crack business cases, make slides and practice presentations during many midnight sessions four months before the competition.

“By practicing, our teamwork has improved significantly, thus enabling us to smoothen and enhance our communication as well as better understand each other,” said Bachelor of International Business student Nguyen Hoang Hai.

“What racks our brains the most is how to reach a consensus within a defined amount of time." 

RMIT Hanoi’s Gold team, meanwhile, won the third prize and VND20 million. The second runner-up was a team from a local university.

This year, the participants have had to adapt to a tougher reality and new challenges that the whole world is experiencing, given the COVID-19 pandemic. The competition also has the added advantage that it will allow Vietnamese students to highlight their ability to think creatively and develop new ideas and solutions while developing their business mindset. 

The international round of the HSBC/HKU Asia - Pacific Business Case Competition will gather teams from the top universities in Asia - Pacific and beyond. The winner will receive the prize of US$10,000.

HSBC Vietnam partnered with VietSeeds Foundation to organise the HSBC Business Case Competition in Vietnam, which is the local round of the HSBC/HKU Asia Pacific Business Case Competition. Since its start in Vietnam in 2016, the competition has used the business cases developed by the renowned Asia Case Research Center of the Faculty of Business and Economics, the University of Hong Kong (HKU), one of the region’s premier institutes.

Story:  Thuy Le

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• rmit students win top prize national business plan competition fourth year row

RMIT students win top prize in national business plan competition for the fourth year in a row

An RMIT Vietnam team of four undergraduate students are the winners of the first virtual HSBC Business Case Competition 2021 and will represent Vietnam in the Asia-Pacific round in late May.

Team The Extraordinary at RMIT’s Saigon South won top prize in HSBC Business Case Competition 2021

Team Gold at RMIT’s Hanoi City campus won third prize at the competition

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Mỹ duyên lê @ cuộc thi, [toàn quốc] cơ hội nhận giải thưởng trị giá 37,500,000 vnđ từ cuộc thi "rmit business plan competition" 2023 (miễn phí tham dự) [bài test thực tập sinh editor].

RMIT Business Plan Competition (RBPC) is an annual national competition which calls upon high school and university students to present innovative business ideas that disrupt traditional business models and tackle practical problems. Our vision and mission are to encourage young minds to pioneer digital solutions in five different areas that promote the sustainable development of our world.

Themed “Be Next: Embracing Digital Innovation, Building Sustainable Futures!”, the RMIT Business Plan Competition 2023 serves as a platform for brightest minds from university and high school across the nation to tackle real-world problems and reimagine a technologically advanced and sustainable future. By joining in the Competition, students are tasked with generating break-through business models/solutions that adopt new technology and challenge traditional business models to power a sustainable future.

5 Areas of Focus

• Innovating Sustainability in Tourism & Hospitality
• Sustainable Marketing Solutions for Consumer Financial Empowerment
• Supporting sustainability with disruptive technologies
• Change the way we move and revolutionise e-mobility in Vietnam!
• Financial Innovation Through Fintech, Blockchain, & AI

Deadline: 17 September 2023 

Fees:  Free

Application form:   Here

Eligibility:  High school and university students nationwide (Team 3-4 members)

Prizes:  Fascinating prizes (in-kind gifts only) with total value up to 100 million VND including:

• 01 First Prize: Prizes worth around VND 37,500,000 per team with 4 members
• 01 Second Prize: Prizes worth around VND 21,000,000 per team with 4 members
• 01 Third Prize: Prizes worth around VND 15,000,000 per team with 4 members
• 02 Encouragement Prizes: Prizes worth around VND 10,000,000 per team with 4 members
• 01 People’s Choice Prize: Prizes worth around VND 3,000,000 per team with 4 member

Further information:  Here

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Small Business Trends

How to create a business plan: examples & free template.

This is the ultimate guide to creating a comprehensive and effective plan to start a business . In today’s dynamic business landscape, having a well-crafted business plan is an important first step to securing funding, attracting partners, and navigating the challenges of entrepreneurship.

This guide has been designed to help you create a winning plan that stands out in the ever-evolving marketplace. U sing real-world examples and a free downloadable template, it will walk you through each step of the process.

Whether you’re a seasoned entrepreneur or launching your very first startup, the guide will give you the insights, tools, and confidence you need to create a solid foundation for your business.

Table of Contents

How to Write a Business Plan

Embarking on the journey of creating a successful business requires a solid foundation, and a well-crafted business plan is the cornerstone. Here is the process of writing a comprehensive business plan and the main parts of a winning business plan . From setting objectives to conducting market research, this guide will have everything you need.

Executive Summary

The Executive Summary serves as the gateway to your business plan, offering a snapshot of your venture’s core aspects. This section should captivate and inform, succinctly summarizing the essence of your plan.

It’s crucial to include a clear mission statement, a brief description of your primary products or services, an overview of your target market, and key financial projections or achievements.

Think of it as an elevator pitch in written form: it should be compelling enough to engage potential investors or stakeholders and provide them with a clear understanding of what your business is about, its goals, and why it’s a promising investment.

Example: EcoTech is a technology company specializing in eco-friendly and sustainable products designed to reduce energy consumption and minimize waste. Our mission is to create innovative solutions that contribute to a cleaner, greener environment.

Our target market includes environmentally conscious consumers and businesses seeking to reduce their carbon footprint. We project a 200% increase in revenue within the first three years of operation.

Overview and Business Objectives

In the Overview and Business Objectives section, outline your business’s core goals and the strategic approaches you plan to use to achieve them. This section should set forth clear, specific objectives that are attainable and time-bound, providing a roadmap for your business’s growth and success.

It’s important to detail how these objectives align with your company’s overall mission and vision. Discuss the milestones you aim to achieve and the timeframe you’ve set for these accomplishments.

This part of the plan demonstrates to investors and stakeholders your vision for growth and the practical steps you’ll take to get there.

Example: EcoTech’s primary objective is to become a market leader in sustainable technology products within the next five years. Our key objectives include:

• Introducing three new products within the first two years of operation.
• Achieving annual revenue growth of 30%.
• Expanding our customer base to over 10,000 clients by the end of the third year.

Company Description

The Company Description section is your opportunity to delve into the details of your business. Provide a comprehensive overview that includes your company’s history, its mission statement, and its vision for the future.

Highlight your unique selling proposition (USP) – what makes your business stand out in the market. Explain the problems your company solves and how it benefits your customers.

Include information about the company’s founders, their expertise, and why they are suited to lead the business to success. This section should paint a vivid picture of your business, its values, and its place in the industry.

Example: EcoTech is committed to developing cutting-edge sustainable technology products that benefit both the environment and our customers. Our unique combination of innovative solutions and eco-friendly design sets us apart from the competition. We envision a future where technology and sustainability go hand in hand, leading to a greener planet.

Define Your Target Market

Defining Your Target Market is critical for tailoring your business strategy effectively. This section should describe your ideal customer base in detail, including demographic information (such as age, gender, income level, and location) and psychographic data (like interests, values, and lifestyle).

Elucidate on the specific needs or pain points of your target audience and how your product or service addresses these. This information will help you know your target market and develop targeted marketing strategies.

Example: Our target market comprises environmentally conscious consumers and businesses looking for innovative solutions to reduce their carbon footprint. Our ideal customers are those who prioritize sustainability and are willing to invest in eco-friendly products.

Market Analysis

The Market Analysis section requires thorough research and a keen understanding of the industry. It involves examining the current trends within your industry, understanding the needs and preferences of your customers, and analyzing the strengths and weaknesses of your competitors.

This analysis will enable you to spot market opportunities and anticipate potential challenges. Include data and statistics to back up your claims, and use graphs or charts to illustrate market trends.

This section should demonstrate that you have a deep understanding of the market in which you operate and that your business is well-positioned to capitalize on its opportunities.

Example: The market for eco-friendly technology products has experienced significant growth in recent years, with an estimated annual growth rate of 10%. As consumers become increasingly aware of environmental issues, the demand for sustainable solutions continues to rise.

Our research indicates a gap in the market for high-quality, innovative eco-friendly technology products that cater to both individual and business clients.

SWOT Analysis

A SWOT analysis in your business plan offers a comprehensive examination of your company’s internal and external factors. By assessing Strengths, you showcase what your business does best and where your capabilities lie.

Weaknesses involve an honest introspection of areas where your business may be lacking or could improve. Opportunities can be external factors that your business could capitalize on, such as market gaps or emerging trends.

Threats include external challenges your business may face, like competition or market changes. This analysis is crucial for strategic planning, as it helps in recognizing and leveraging your strengths, addressing weaknesses, seizing opportunities, and preparing for potential threats.

Including a SWOT analysis demonstrates to stakeholders that you have a balanced and realistic understanding of your business in its operational context.

• Innovative and eco-friendly product offerings.
• Strong commitment to sustainability and environmental responsibility.
• Skilled and experienced team with expertise in technology and sustainability.

Weaknesses:

• Limited brand recognition compared to established competitors.
• Reliance on third-party manufacturers for product development.

Opportunities:

• Growing consumer interest in sustainable products.
• Partnerships with environmentally-focused organizations and influencers.
• Expansion into international markets.
• Intense competition from established technology companies.
• Regulatory changes could impact the sustainable technology market.

Competitive Analysis

In this section, you’ll analyze your competitors in-depth, examining their products, services, market positioning, and pricing strategies. Understanding your competition allows you to identify gaps in the market and tailor your offerings to outperform them.

By conducting a thorough competitive analysis, you can gain insights into your competitors’ strengths and weaknesses, enabling you to develop strategies to differentiate your business and gain a competitive advantage in the marketplace.

Example: Key competitors include:

GreenTech: A well-known brand offering eco-friendly technology products, but with a narrower focus on energy-saving devices.

EarthSolutions: A direct competitor specializing in sustainable technology, but with a limited product range and higher prices.

By offering a diverse product portfolio, competitive pricing, and continuous innovation, we believe we can capture a significant share of the growing sustainable technology market.

Organization and Management Team

Provide an overview of your company’s organizational structure, including key roles and responsibilities. Introduce your management team, highlighting their expertise and experience to demonstrate that your team is capable of executing the business plan successfully.

Showcasing your team’s background, skills, and accomplishments instills confidence in investors and other stakeholders, proving that your business has the leadership and talent necessary to achieve its objectives and manage growth effectively.

Example: EcoTech’s organizational structure comprises the following key roles: CEO, CTO, CFO, Sales Director, Marketing Director, and R&D Manager. Our management team has extensive experience in technology, sustainability, and business development, ensuring that we are well-equipped to execute our business plan successfully.

Products and Services Offered

Describe the products or services your business offers, focusing on their unique features and benefits. Explain how your offerings solve customer pain points and why they will choose your products or services over the competition.

This section should emphasize the value you provide to customers, demonstrating that your business has a deep understanding of customer needs and is well-positioned to deliver innovative solutions that address those needs and set your company apart from competitors.

Example: EcoTech offers a range of eco-friendly technology products, including energy-efficient lighting solutions, solar chargers, and smart home devices that optimize energy usage. Our products are designed to help customers reduce energy consumption, minimize waste, and contribute to a cleaner environment.

Marketing and Sales Strategy

In this section, articulate your comprehensive strategy for reaching your target market and driving sales. Detail the specific marketing channels you plan to use, such as social media, email marketing, SEO, or traditional advertising.

Describe the nature of your advertising campaigns and promotional activities, explaining how they will capture the attention of your target audience and convey the value of your products or services. Outline your sales strategy, including your sales process, team structure, and sales targets.

Discuss how these marketing and sales efforts will work together to attract and retain customers, generate leads, and ultimately contribute to achieving your business’s revenue goals.

This section is critical to convey to investors and stakeholders that you have a well-thought-out approach to market your business effectively and drive sales growth.

Example: Our marketing strategy includes digital advertising, content marketing, social media promotion, and influencer partnerships. We will also attend trade shows and conferences to showcase our products and connect with potential clients. Our sales strategy involves both direct sales and partnerships with retail stores, as well as online sales through our website and e-commerce platforms.

Logistics and Operations Plan

The Logistics and Operations Plan is a critical component that outlines the inner workings of your business. It encompasses the management of your supply chain, detailing how you acquire raw materials and manage vendor relationships.

Inventory control is another crucial aspect, where you explain strategies for inventory management to ensure efficiency and reduce wastage. The section should also describe your production processes, emphasizing scalability and adaptability to meet changing market demands.

Quality control measures are essential to maintain product standards and customer satisfaction. This plan assures investors and stakeholders of your operational competency and readiness to meet business demands.

Highlighting your commitment to operational efficiency and customer satisfaction underlines your business’s capability to maintain smooth, effective operations even as it scales.

Example: EcoTech partners with reliable third-party manufacturers to produce our eco-friendly technology products. Our operations involve maintaining strong relationships with suppliers, ensuring quality control, and managing inventory.

We also prioritize efficient distribution through various channels, including online platforms and retail partners, to deliver products to our customers in a timely manner.

Financial Projections Plan

In the Financial Projections Plan, lay out a clear and realistic financial future for your business. This should include detailed projections for revenue, costs, and profitability over the next three to five years.

Ground these projections in solid assumptions based on your market analysis, industry benchmarks, and realistic growth scenarios. Break down revenue streams and include an analysis of the cost of goods sold, operating expenses, and potential investments.

This section should also discuss your break-even analysis, cash flow projections, and any assumptions about external funding requirements.

By presenting a thorough and data-backed financial forecast, you instill confidence in potential investors and lenders, showcasing your business’s potential for profitability and financial stability.

This forward-looking financial plan is crucial for demonstrating that you have a firm grasp of the financial nuances of your business and are prepared to manage its financial health effectively.

Example: Over the next three years, we expect to see significant growth in revenue, driven by new product launches and market expansion. Our financial projections include:

• Year 1: $1.5 million in revenue, with a net profit of $200,000.
• Year 2: $3 million in revenue, with a net profit of $500,000.
• Year 3: $4.5 million in revenue, with a net profit of $1 million.

These projections are based on realistic market analysis, growth rates, and product pricing.

Income Statement

The income statement , also known as the profit and loss statement, provides a summary of your company’s revenues and expenses over a specified period. It helps you track your business’s financial performance and identify trends, ensuring you stay on track to achieve your financial goals.

Regularly reviewing and analyzing your income statement allows you to monitor the health of your business, evaluate the effectiveness of your strategies, and make data-driven decisions to optimize profitability and growth.

Example: The income statement for EcoTech’s first year of operation is as follows:

• Revenue: $1,500,000
• Cost of Goods Sold: $800,000
• Gross Profit: $700,000
• Operating Expenses: $450,000
• Net Income: $250,000

This statement highlights our company’s profitability and overall financial health during the first year of operation.

Cash Flow Statement

A cash flow statement is a crucial part of a financial business plan that shows the inflows and outflows of cash within your business. It helps you monitor your company’s liquidity, ensuring you have enough cash on hand to cover operating expenses, pay debts, and invest in growth opportunities.

By including a cash flow statement in your business plan, you demonstrate your ability to manage your company’s finances effectively.

Example:  The cash flow statement for EcoTech’s first year of operation is as follows:

Operating Activities:

• Depreciation: $10,000
• Changes in Working Capital: -$50,000
• Net Cash from Operating Activities: $210,000

Investing Activities:

•  Capital Expenditures: -$100,000
• Net Cash from Investing Activities: -$100,000

Financing Activities:

• Proceeds from Loans: $150,000
• Loan Repayments: -$50,000
• Net Cash from Financing Activities: $100,000
• Net Increase in Cash: $210,000

This statement demonstrates EcoTech’s ability to generate positive cash flow from operations, maintain sufficient liquidity, and invest in growth opportunities.

Tips on Writing a Business Plan

1. Be clear and concise: Keep your language simple and straightforward. Avoid jargon and overly technical terms. A clear and concise business plan is easier for investors and stakeholders to understand and demonstrates your ability to communicate effectively.

2. Conduct thorough research: Before writing your business plan, gather as much information as possible about your industry, competitors, and target market. Use reliable sources and industry reports to inform your analysis and make data-driven decisions.

3. Set realistic goals: Your business plan should outline achievable objectives that are specific, measurable, attainable, relevant, and time-bound (SMART). Setting realistic goals demonstrates your understanding of the market and increases the likelihood of success.

4. Focus on your unique selling proposition (USP): Clearly articulate what sets your business apart from the competition. Emphasize your USP throughout your business plan to showcase your company’s value and potential for success.

5. Be flexible and adaptable: A business plan is a living document that should evolve as your business grows and changes. Be prepared to update and revise your plan as you gather new information and learn from your experiences.

6. Use visuals to enhance understanding: Include charts, graphs, and other visuals to help convey complex data and ideas. Visuals can make your business plan more engaging and easier to digest, especially for those who prefer visual learning.

7. Seek feedback from trusted sources: Share your business plan with mentors, industry experts, or colleagues and ask for their feedback. Their insights can help you identify areas for improvement and strengthen your plan before presenting it to potential investors or partners.

FREE Business Plan Template

To help you get started on your business plan, we have created a template that includes all the essential components discussed in the “How to Write a Business Plan” section. This easy-to-use template will guide you through each step of the process, ensuring you don’t miss any critical details.

The template is divided into the following sections:

• Mission statement
• Business Overview
• Key products or services
• Target market
• Financial highlights
• Company goals
• Strategies to achieve goals
• Measurable, time-bound objectives
• Company History
• Mission and vision
• Unique selling proposition
• Demographics
• Psychographics
• Pain points
• Industry trends
• Customer needs
• Competitor strengths and weaknesses
• Opportunities
• Competitor products and services
• Market positioning
• Pricing strategies
• Organizational structure
• Key roles and responsibilities
• Management team backgrounds
• Product or service features
• Competitive advantages
• Marketing channels
• Advertising campaigns
• Promotional activities
• Sales strategies
• Supply chain management
• Inventory control
• Production processes
• Quality control measures
• Projected revenue
• Assumptions
• Cash inflows
• Cash outflows
• Net cash flow

What is a Business Plan?

A business plan is a strategic document that outlines an organization’s goals, objectives, and the steps required to achieve them. It serves as a roadmap as you start a business , guiding the company’s direction and growth while identifying potential obstacles and opportunities.

Typically, a business plan covers areas such as market analysis, financial projections, marketing strategies, and organizational structure. It not only helps in securing funding from investors and lenders but also provides clarity and focus to the management team.

A well-crafted business plan is a very important part of your business startup checklist because it fosters informed decision-making and long-term success.

Why You Should Write a Business Plan

Understanding the importance of a business plan in today’s competitive environment is crucial for entrepreneurs and business owners. Here are five compelling reasons to write a business plan:

• Attract Investors and Secure Funding : A well-written business plan demonstrates your venture’s potential and profitability, making it easier to attract investors and secure the necessary funding for growth and development. It provides a detailed overview of your business model, target market, financial projections, and growth strategies, instilling confidence in potential investors and lenders that your company is a worthy investment.
• Clarify Business Objectives and Strategies : Crafting a business plan forces you to think critically about your goals and the strategies you’ll employ to achieve them, providing a clear roadmap for success. This process helps you refine your vision and prioritize the most critical objectives, ensuring that your efforts are focused on achieving the desired results.
• Identify Potential Risks and Opportunities : Analyzing the market, competition, and industry trends within your business plan helps identify potential risks and uncover untapped opportunities for growth and expansion. This insight enables you to develop proactive strategies to mitigate risks and capitalize on opportunities, positioning your business for long-term success.
• Improve Decision-Making : A business plan serves as a reference point so you can make informed decisions that align with your company’s overall objectives and long-term vision. By consistently referring to your plan and adjusting it as needed, you can ensure that your business remains on track and adapts to changes in the market, industry, or internal operations.
• Foster Team Alignment and Communication : A shared business plan helps ensure that all team members are on the same page, promoting clear communication, collaboration, and a unified approach to achieving the company’s goals. By involving your team in the planning process and regularly reviewing the plan together, you can foster a sense of ownership, commitment, and accountability that drives success.

What are the Different Types of Business Plans?

In today’s fast-paced business world, having a well-structured roadmap is more important than ever. A traditional business plan provides a comprehensive overview of your company’s goals and strategies, helping you make informed decisions and achieve long-term success. There are various types of business plans, each designed to suit different needs and purposes. Let’s explore the main types:

• Startup Business Plan: Tailored for new ventures, a startup business plan outlines the company’s mission, objectives, target market, competition, marketing strategies, and financial projections. It helps entrepreneurs clarify their vision, secure funding from investors, and create a roadmap for their business’s future. Additionally, this plan identifies potential challenges and opportunities, which are crucial for making informed decisions and adapting to changing market conditions.
• Internal Business Plan: This type of plan is intended for internal use, focusing on strategies, milestones, deadlines, and resource allocation. It serves as a management tool for guiding the company’s growth, evaluating its progress, and ensuring that all departments are aligned with the overall vision. The internal business plan also helps identify areas of improvement, fosters collaboration among team members, and provides a reference point for measuring performance.
• Strategic Business Plan: A strategic business plan outlines long-term goals and the steps to achieve them, providing a clear roadmap for the company’s direction. It typically includes a SWOT analysis, market research, and competitive analysis. This plan allows businesses to align their resources with their objectives, anticipate changes in the market, and develop contingency plans. By focusing on the big picture, a strategic business plan fosters long-term success and stability.
• Feasibility Business Plan: This plan is designed to assess the viability of a business idea, examining factors such as market demand, competition, and financial projections. It is often used to decide whether or not to pursue a particular venture. By conducting a thorough feasibility analysis, entrepreneurs can avoid investing time and resources into an unviable business concept. This plan also helps refine the business idea, identify potential obstacles, and determine the necessary resources for success.
• Growth Business Plan: Also known as an expansion plan, a growth business plan focuses on strategies for scaling up an existing business. It includes market analysis, new product or service offerings, and financial projections to support expansion plans. This type of plan is essential for businesses looking to enter new markets, increase their customer base, or launch new products or services. By outlining clear growth strategies, the plan helps ensure that expansion efforts are well-coordinated and sustainable.
• Operational Business Plan: This type of plan outlines the company’s day-to-day operations, detailing the processes, procedures, and organizational structure. It is an essential tool for managing resources, streamlining workflows, and ensuring smooth operations. The operational business plan also helps identify inefficiencies, implement best practices, and establish a strong foundation for future growth. By providing a clear understanding of daily operations, this plan enables businesses to optimize their resources and enhance productivity.
• Lean Business Plan: A lean business plan is a simplified, agile version of a traditional plan, focusing on key elements such as value proposition, customer segments, revenue streams, and cost structure. It is perfect for startups looking for a flexible, adaptable planning approach. The lean business plan allows for rapid iteration and continuous improvement, enabling businesses to pivot and adapt to changing market conditions. This streamlined approach is particularly beneficial for businesses in fast-paced or uncertain industries.
• One-Page Business Plan: As the name suggests, a one-page business plan is a concise summary of your company’s key objectives, strategies, and milestones. It serves as a quick reference guide and is ideal for pitching to potential investors or partners. This plan helps keep teams focused on essential goals and priorities, fosters clear communication, and provides a snapshot of the company’s progress. While not as comprehensive as other plans, a one-page business plan is an effective tool for maintaining clarity and direction.
• Nonprofit Business Plan: Specifically designed for nonprofit organizations, this plan outlines the mission, goals, target audience, fundraising strategies, and budget allocation. It helps secure grants and donations while ensuring the organization stays on track with its objectives. The nonprofit business plan also helps attract volunteers, board members, and community support. By demonstrating the organization’s impact and plans for the future, this plan is essential for maintaining transparency, accountability, and long-term sustainability within the nonprofit sector.
• Franchise Business Plan: For entrepreneurs seeking to open a franchise, this type of plan focuses on the franchisor’s requirements, as well as the franchisee’s goals, strategies, and financial projections. It is crucial for securing a franchise agreement and ensuring the business’s success within the franchise system. This plan outlines the franchisee’s commitment to brand standards, marketing efforts, and operational procedures, while also addressing local market conditions and opportunities. By creating a solid franchise business plan, entrepreneurs can demonstrate their ability to effectively manage and grow their franchise, increasing the likelihood of a successful partnership with the franchisor.

Using Business Plan Software

Creating a comprehensive business plan can be intimidating, but business plan software can streamline the process and help you produce a professional document. These tools offer a number of benefits, including guided step-by-step instructions, financial projections, and industry-specific templates. Here are the top 5 business plan software options available to help you craft a great business plan.

1. LivePlan

LivePlan is a popular choice for its user-friendly interface and comprehensive features. It offers over 500 sample plans, financial forecasting tools, and the ability to track your progress against key performance indicators. With LivePlan, you can create visually appealing, professional business plans that will impress investors and stakeholders.

2. Upmetrics

Upmetrics provides a simple and intuitive platform for creating a well-structured business plan. It features customizable templates, financial forecasting tools, and collaboration capabilities, allowing you to work with team members and advisors. Upmetrics also offers a library of resources to guide you through the business planning process.

Bizplan is designed to simplify the business planning process with a drag-and-drop builder and modular sections. It offers financial forecasting tools, progress tracking, and a visually appealing interface. With Bizplan, you can create a business plan that is both easy to understand and visually engaging.

Enloop is a robust business plan software that automatically generates a tailored plan based on your inputs. It provides industry-specific templates, financial forecasting, and a unique performance score that updates as you make changes to your plan. Enloop also offers a free version, making it accessible for businesses on a budget.

5. Tarkenton GoSmallBiz

Developed by NFL Hall of Famer Fran Tarkenton, GoSmallBiz is tailored for small businesses and startups. It features a guided business plan builder, customizable templates, and financial projection tools. GoSmallBiz also offers additional resources, such as CRM tools and legal document templates, to support your business beyond the planning stage.

Business Plan FAQs

What is a good business plan.

A good business plan is a well-researched, clear, and concise document that outlines a company’s goals, strategies, target market, competitive advantages, and financial projections. It should be adaptable to change and provide a roadmap for achieving success.

What are the 3 main purposes of a business plan?

The three main purposes of a business plan are to guide the company’s strategy, attract investment, and evaluate performance against objectives. Here’s a closer look at each of these:

• It outlines the company’s purpose and core values to ensure that all activities align with its mission and vision.
• It provides an in-depth analysis of the market, including trends, customer needs, and competition, helping the company tailor its products and services to meet market demands.
• It defines the company’s marketing and sales strategies, guiding how the company will attract and retain customers.
• It describes the company’s organizational structure and management team, outlining roles and responsibilities to ensure effective operation and leadership.
• It sets measurable, time-bound objectives, allowing the company to plan its activities effectively and make strategic decisions to achieve these goals.
• It provides a comprehensive overview of the company and its business model, demonstrating its uniqueness and potential for success.
• It presents the company’s financial projections, showing its potential for profitability and return on investment.
• It demonstrates the company’s understanding of the market, including its target customers and competition, convincing investors that the company is capable of gaining a significant market share.
• It showcases the management team’s expertise and experience, instilling confidence in investors that the team is capable of executing the business plan successfully.
• It establishes clear, measurable objectives that serve as performance benchmarks.
• It provides a basis for regular performance reviews, allowing the company to monitor its progress and identify areas for improvement.
• It enables the company to assess the effectiveness of its strategies and make adjustments as needed to achieve its objectives.
• It helps the company identify potential risks and challenges, enabling it to develop contingency plans and manage risks effectively.
• It provides a mechanism for evaluating the company’s financial performance, including revenue, expenses, profitability, and cash flow.

Can I write a business plan by myself?

Yes, you can write a business plan by yourself, but it can be helpful to consult with mentors, colleagues, or industry experts to gather feedback and insights. There are also many creative business plan templates and business plan examples available online, including those above.

We also have examples for specific industries, including a using food truck business plan , salon business plan , farm business plan , daycare business plan , and restaurant business plan .

Is it possible to create a one-page business plan?

Yes, a one-page business plan is a condensed version that highlights the most essential elements, including the company’s mission, target market, unique selling proposition, and financial goals.

How long should a business plan be?

A typical business plan ranges from 20 to 50 pages, but the length may vary depending on the complexity and needs of the business.

What is a business plan outline?

A business plan outline is a structured framework that organizes the content of a business plan into sections, such as the executive summary, company description, market analysis, and financial projections.

What are the 5 most common business plan mistakes?

The five most common business plan mistakes include inadequate research, unrealistic financial projections, lack of focus on the unique selling proposition, poor organization and structure, and failure to update the plan as circumstances change.

What questions should be asked in a business plan?

A business plan should address questions such as: What problem does the business solve? Who is the specific target market ? What is the unique selling proposition? What are the company’s objectives? How will it achieve those objectives?

What’s the difference between a business plan and a strategic plan?

A business plan focuses on the overall vision, goals, and tactics of a company, while a strategic plan outlines the specific strategies, action steps, and performance measures necessary to achieve the company’s objectives.

How is business planning for a nonprofit different?

Nonprofit business planning focuses on the organization’s mission, social impact, and resource management, rather than profit generation. The financial section typically includes funding sources, expenses, and projected budgets for programs and operations.

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