Unit 1, Task 3- business plans and models

 A business plan presents a business’ strategy and expected performance.

Establishing how you will achieve your business goals.

The business plan maps out the current situation of a business, the future goals and what they need to achieve the goals.

Presenting to investors before you start your business, how they will make money.

- Current status of business, 

- Future vision; showing creative and commercial vision together.

- Values, 

- Product/services; what you will be providing customer with, how they fulfil your vision.

- Management and Team; why your qualified to run the business, plans to expand?

- Market; who are the customers, will they want products? Research into this.

- Industry and competition; research into gaps in market etc.

- Operations; how business will run (premises, supplies, tools, transport, security/ insurance, legal)

- Finance and funding; pricing etc.

A business model is used to achieve and build their value. This includes describing the business, the type of customer, what benefits the business has and how the company can deliver these benefits to the customer. 

A business model is a mechanism that the company can use to generate profit. 

A sustainable business model is a model that generates profit for all the stakeholders without depleting the resources it relies on. Without a sustainable business model, the social resources that it relies on won’t exist in a few months and therefore will not have support to create profits. The aim is to quickly and efficiently generate profit and keep the business running like this long-term.