08 Sep, 2017

Frozen Yogurt Business Plan

A Business Plan is a very important tool in any business and especially for a start up business. Below we shall outline how a Business Plan for a frozen yogurt business should look like. The Business Plan for a frozen yogurt business should contain the following sections: The table of Contents The Introduction The Fact Sheet Business Objectives The Market Analysis of the Competition Functions of the Management The personnel The timetable for development agenda Principals’ profiles General Financial Information INTRODUCTION The introduction outlines the purpose of the business plan .It should be kept short and concise without being ambiguous. It might include information such as the reason why that particular location was chosen and a general overview of locating the business in that location. EXECUTIVE SUMMARY The executive summary is in effect a brief summed down description of the business plan. Some of the important details in the summary are: A description of the business premises-this should indicate whether the premises will be leased or a self owned construction. The sources of revenues-this will include all the sources that the business proposes to raise their capital from such as owner’s contribution, loans etc The location of the promises and its advantages-a brief description of the demographics of the area and how they are projected to impact on the business. The business customers –a description of where the business hopes to get its target customers from Management of the business-a description of the duties of the managers and how they will handle functions such as staffing Project cost- this should indicate the overall projected cost for starting the business and the sources for financing for the business. THE FACT SHEET The fact sheet primarily provides financial information such as requested loan amount ,amount of cash invested, the type of business, the location of the business, the floor size of the premises, the annual rent, the projected sales for the first year, the break-even sales, the collateral available for the loan band the name and addresses of the principals. THE OBJECTIVES OF THE BUSINESS This section should include a detailed description of the business ,its mission statements and what it hopes to achieve. THE MARKET This section should provide details on the target market for the business, their demographics and their locations. COMPETITIVE ANALYSIS This section lists all possible competitors in the proposed business operation and what measures they plan to put in place to cope with this.