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Usually, banks and venture capital firms make the existence of a viable business plan a prerequisite to the investment of funds in a business. It should also provide at least an overview of the industry of which the business will be a part, and how it will distinguish itself from its potential competitors.
Financial Projections A complete business plan must also include a set of financial projections for the business. These forward-looking projected financial statements are often called pro-forma financial statements or simply the " pro-formas.
In a business plan, a business owner projects revenues and expenses for a certain period of time, and describes operational activity and costs related to the business. Practical Considerations The idea behind putting together a business plan is to enable owners to have a more defined picture of potential costs and drawbacks to certain business decisions and to help them modify their structures accordingly before implementing these ideas.
It also allows owners to project what type of financing will be required to get the businesses up and running. The length of the business plan will vary greatly from business-to-business, but in general, all of the required information should fit into a to page document.
If there are crucial elements of the business plan that take up a lot of space, such as applications for patents, they should be referenced in the main plan and included as appendices. If there are any especially interesting aspects of the business, they should be highlighted, and used to attract financing.
For example, Tesla Motors Inc. A business plan is not meant to be a static document. As the business grows and evolves, so should its business plan.
An annual review of the plan allows an entrepreneur to update it when taking evolving involving markets into consideration, and it also provides an opportunity to look back and see what has been achieved and what has not.Watch video · General Electric announces it will cut its dividend in half as part of a broader corporate restructuring.
It plans a renewed focus on health care, aviation and energy. General Electric is laying off sales staff and other employees in its software division; New Chief Executive John Flannery is expected to announce on Monday a plan . Oct 01, · General Electric, mired in a deep slump, has ousted CEO John Flannery after barely a year on the job.
Premiere Electric electrical contractor business plan executive summary. Premiere Electric installs high-end security, data transfer, and communications systems. Premiere Electric electrical contractor business plan executive summary. Premiere Electric installs high-end security, data transfer, and communications systems/5(37).
DEDICATED DIGITAL RESOURCES AT EACH BUSINESS. Appointing Chief Digital Officers in each business who report jointly to the business CEO & to GE’s Chief Digital Officer and who have digital resources focused on each phase of the product life cycle.