5 Year Business Plan

Several people have recently asked me to assist them with writing a 5 year business plan. Rather than trying to explain the concept multiple times.  I decided to write a short blog on the process.  Below you will find the outline to a 5 year business plan with my own personal notes and thoughts on the subject.

1.  Executive Summery                                                                        

      Venture Description

        Product or Service

        Start up cost

        Price and Profits 

2.  Vision and Mission Statement                                                  

        Company Values

        Mission statement

        Vision

        Code of Ethics

        Objectives and Goals

        Quality Assurance

3.  Company Overview                                                                       

        Product

        Stage of Development

        Production

        Quality Assurance

4.  Product and Service Plan-----------------------------------------------

5.  Marketing Plan                                                                               

        Description of the Market

        Target Market

        Customer Benefits

        Growth Potential of the Industry

        Industry and Market trends

        Market Penetration Projections and Strategies

        Competition profile and Analysis 

        Advertising and Promotional Plan

        Sales Plan

        

6.  Ownership and Management Plan                                                

       Geographic Location and Facilities

        Production

        Purchasing and Inventory management

        Quality Assurance Plan

        Accounts Control

        Risk Management

        Crime Prevention

7.  Operating Plan                                                                      

8.  Financial Plan & Assumption                                                     

        Three Year Assumption

                Sales Estimate and Financing

                  Price, Sales and Profitability Analysis

                  Cost of Product/Service

                  Required Taxes and Fees:

                Gross Margin

                  Financial Projections

9.  Growth Plan                                                                             

         New Offerings to Market

         Capital Requirements

          Personal Requirements

          Exit Strategies

This is a brief overview of what is required for a 5 year business plan.  I will go into detail over the coming weeks for each section