Business Plan 3,500 to 4,000 words on Transportation and Logistics Field
of Business Entrepreneurship: A Real-World Approach by Abrams Key Assignment Draft Write a detailed outline (like the one below) of your business plan (Transportation and Logistics).
Organization is important. Outlines will vary based on the type of venture. A basic outline of the proposed business plan would include the following: • Cover Page o Name of the business o Address and phone number o Issue date of plan • Table of Contents • Executive Summary o Company information o Market opportunity o Financial data • Company o Background o Business form o Reason for the firm’s establishment • Environmental Analysis o Economic o Competitive o Legal o Political o Cultural o Technological • Products or Services o Different from those currently on the market o Other uses for the product o Drawings or photos, if appropriate o Patents or trademarks o Competitive advantage o Potential for growth o Manage the product or service through the product life cycle o Expand the product line or develop related products • Management Team o Technical skills o Business skills o Experience o Compensation o Training o Professional assistance • Time Line o Outline interrelationship and timing of major events planned for your venture o Timing of objectives should be realistic and attainable • Benefits to the Community o Economic development o Community development o Human development • Exit Strategy (How and how long before you and your investors will exit the business and get back your investments?) o Who will succeed you in the business? o Will the business be sold? • Financial Plan o Sources and uses of capital (initial and projected) o 3-year projections of: Cash flow statements Balance sheets Profit and loss statements o Breakeven analysis o Conclusions and important points: Discussion of how much equity and how much debt are included Highest amount of cash needed Expected payback period for loans
