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business plan

 
 
model's image

characteristics

country:
period:
type:
tool
role:
consultant and manager
activity:
design and plan
topic:
strategic management, technology & operations and finance & accounting
abstr. level:
organisation
perspective:
rational
status:
final
module:
classics I
comments:
1
 

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description:

A business plan provides a structure to deepen and strengthen a business idea or to develop in more detail the broad actions that have arisen during a strategic planning exercise. It helps to reveal gaps in available information. It forms the basis on which a business concept can be realised, a low-cost dry run for the real thing plus a communication tool for stakeholders.

 

Any business concept needs to address three key questions:

  1. what problem does the concept solve?
  2. what is the target market?
  3. how will the concept make money?

 

A new enterprise matures based on the quantity and quality of three ingredients:

  1. the business idea;
  2. management team;
  3. capital.

 

In later stages of the company, a business plan becomes a tool to help management to think about the strategic rather than the operational day-to-day side of the business. It allows management to measure progress and to evaluate assumptions underlying the business plan.

assets:

.xls file
sample financial model telco
  • ProvenModels
  • editor PM
  • version 0.3
  • 1 MB