Business Plan Done by Khamis Alameri and Mohammed Yasser 10/c Executive Summary • An executive summary (or management summary) is a short document or section of a document produced for business purposes . • It’s important because It usually contains a brief statement of the problem or proposal covered in the major document(s), background information, concise analysis and main conclusions. Mission and vision statement • A Mission Statement defines the company's business, its objectives and its approach to reach those objectives. A Vision Statement describes the desired future position of the company. • Its important because its focuses on today and what an organization does to achieve it. Both are vital in directing goals. Company overview • A company overview provides the reader of your business plan with basic background information about your company. • so its important because they have an understanding of what you do, who the management team is and what customers your business serves. Product and service plan • The products and services section of your business plan outlines your product or service . The products and services section of your business plan outlines your product or service, why it's needed by your market, and how it will compete with other businesses selling the same or similar products and services. • Its important because Your product and services section should include: Future products or services you plan to offer . Marketing plan • A marketing plan is the advertising strategy that a business will implement to sell its product or service. • The marketing plan will help determine who the target market is, how best to reach them, at what price point the product or service should be sold, and how the company will measure its efforts. Management Plan • A management plan describes how an organization or business is run . • Writing a management plan allows you to formalize your management structure and operations. It also ensures that everyone is on the same page and that your goals will be accomplished. Operating plan • An operation plan is an extremely detail-oriented plan that clearly defines how a team or department contributes to reaching company goals • It outlines the daily tasks required for running a business. Financial plan • A financial plan is a document containing a person's current money situation and longterm monetary goals, as well as strategies to achieve those goals • Its important because its Setting a budget is relatively easy; it is more difficult to stick to it! However, having the discipline to take the time and care to record and reconcile your expenditure in some way is what counts.