Starting my own small business: a training module - unesdoc - Unesco

Unit 13My business planIn this unit, explain that all that has been learnt in the previous units will build intoa business plan.A business plan is a summary of what the business intends to sell, the resources itneeds and how it expects to acquire them, who will manage the business and whatprofits may be expected.It is required in order to: obtain permission from the local authority or the Chamber of Commerce to setup the business convince funding institutions to provide finance rent a space for business premises convince business partners to supply materials or services, etc.The business plan should consist of the following components:title page (name proposed for the business, entrepreneur’s name, contact addressand other co-ordinates)summary of business objectivestable of contentsstructure of the proposed businessintended product or service that is to be soldmarketing plan (based on a simple market survey)financial plananticipated returnsother supporting documents, such as letters of recommendation, certificates ofeducation and training, community service documents, etc. Ask participants to form several small groups and ask each group to prepare abusiness plan.27