CREATING/UPDATING A BUSINESS PLAN
A business plan is a kind of vision of a company, how the company is going to realize its main goals, how it is going to generate profit and how it plans to create value and deliver it to the customer at an acceptable price.
The business plan includes a detailed description of the business specification, the company’s products, potential and existing customers, takes into account the necessary resources, potential revenues and costs accordingly.
Establishing a business plan/model is a necessary and main component in the process of establishing a company, and then it is important to periodically review, develop and adjust it to the current reality.
What does the Loialte Strategy service include?
- A detailed description of the business and an overview of local and international analogues
- Analysis of the target market on which the sale of the products of this particular business is intended
- Review existing or potential competitors and identify key strengths and weaknesses
- Overview of operations/process management issues
- Marketing and sales plan, which will describe all the activities that should contribute to the delivery and sales of the product to customers
- Analysis of costs associated with starting a business/new business line
- Compiling/updating a financial model detailing the company’s current/planned revenues, costs, profitability, etc.
- Establishing minimum product specifications for product testing