Craft Business Plan

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The craft business plan resources below will help you to get started writing your own business plan.

Sample Business Plan Outline
This sample business plan outline plan will provide a guideline to show the sections that are typically included in a business plan.

Executive Summary
The foundation of your craft business plan, it sums up the nature of the business. The executive summary should allow the reader to develop a basic understanding of your business.

The Company
This section provides basic information about the company including: company history if it's not a startup, evolution of the product or service concept, the current status of the company and future strategies.

Industry and Target Market Analysis
The target market analysis includes your assessment of your current target market and other customer groups that you may pursue, the competition and your marketing efforts. It provides evidence that your target market is interested in your product or service.

Strategic Opportunities and Risk Analysis
This section describes ways in which your company is meaningfully different from competitors. It provides an honest assessment of your risks to help reduce potential threats to your business' success.

Marketing Plan and Sales Strategy
Here you'll explain how you will reach your customers and sell to them.

Operations
This section covers issues that are essential to the success of your business, provide a competitive advantage and/or help you to overcome a problem inherent in your business.

Management Team
This section can be crucial if you are applying for funding because many potential backers put a lot of weight on the quality of the team that is guiding the business. If your business plan will be use internally as a map to guide the development of the company, this section can provide you with an opportunity to honestly assess the strengths and weaknesses of the individuals who are guiding your business.

Company Development and Milestones
In this section, you will indicate the milestones the business has achieved to date, your immediate and long term for the company and the strategies you will use to reach these goals.

Finances
This section includes cash flow projections, profit and loss statements and balance sheets. There are standard formats for these reports, and it's generally inadvisable to deviate from the traditional accounting formats.

Business Research Resources
These business research resources will help you find business statistics and research to help you plan and develop your business effectively.

The Successful Business Plan book review
The Successful Business Plan: Secrets and Strategies by Rhonda Abrams is an extremely thorough and easy to understand guide to writing a business plan.

 
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