Cibc Business Plan Thesis Dissertation Database
Your forecasts should run for the next 3 to 5 years.
However, the first 12 months' forecasts should have the most detail, including assumptions both in terms of costs and revenues, so investors can clearly see your thinking behind the numbers.
You may want to include information about: Effectively using information technology is an important part of managing a business.
In this section, you should outline how you plan to use internet technologies to reach customers, manage your business, and reduce costs.
Keep in mind that solid market research is the backbone of an effective marketing strategy.
You will want to back up your statements with facts — explain how you reached your conclusions and include statistics from reliable sources.
This important summary should: You will want to describe your business concept, competitive advantage, legal structure (e.g.
You may want to include: Don't underestimate the importance of this part of your plan.
You should include information about: This section of your business plan essentially turns your plans into numbers.
As part of any business plan, you will need to provide financial projections for your business.
Implementing good environmental and social practices is good business — it can give you a competitive advantage and help foster goodwill toward your business.
In this section you should discuss ways in which your business honours ethical values and respects people, your community, and the environment.
Banks and other lenders understand that businesses will encounter difficulties at some point, and want to know how you will deal with these challenges.