Please follow the entire note and the key element from the business plan template.
The business plan that I want to do is gym fitness centre.
BUSINESS PLAN Assessment - Complete Evaluation of Each Component
1. Executive Summary
2. Description of the Business - Key Elements
a. What type of business will you have?
b. What products or services will you sell?
c. Why does it promise to be successful?
d. What is the growth potential?
e. How is it unique?
3. Marketing - Key Elements
a. Who will be your customers? (target market)
b. How big is the market? (number of customers)
c. Who will be your competitors?
d. How are their businesses prospering?
e. How will you promote sales?
f. What market share will you want?
g. Do you have a pricing strategy?
h. What advertising and promotional strategy will you use?
4. Operations - Key Elements
a. Have you identified a specific location?
b. Have you outlined the advantages of this location?
c. Any zoning regulations or tax considerations?
d. Will there be access to transportation?
e. Will your suppliers be conveniently located?
5. Management - Key Elements
a. Who will manage the business?
b. What qualifications do you have?
c. How many employees will you have?
d. What will they do?
e. How much will you pay your employees and what type of benefits will you offer them?
f. What consultants or specialists will you use?
g. What legal form of ownership will you have?
h. What regulations will affect your business?
6. Financial - Key Elements
a. What is your total expected business income for the first year? Quarterly for the next two years?
b. What is your expected monthly cash flow during the first year?
c. Have you included a method of paying yourself?
d. What sales volume will you need to make a profit during the three years?
e. What will be the break-even point?
f. What are your projected assets, liabilities, and net worth?
g. What are your total financial needs?
h. What are your funding sources?
7. Critical Risks - Key Elements
a. What potential problems have you identified?
b. Have you calculated the risks?
c. What alternative courses of action exist?
8. Harvest Strategy - Key Elements
a. Have you planned for the orderly transfer of the venture assets if ownership of the business is passed to this corporation?
b. Is there a continuity of business strategy for an orderly transition?
9. Milestone Schedule - Key Elements
a. How have you set your objectives?
b. Have you set deadlines for each stage of your growth?
10. Appendix - Key Elements
a. Have you included any documents, drawings, agreements, or other materials needed to support the plan?
b. Are there any names of references, advisors, or technical sources you should include? include?
c. Are there any other supporting documents?
Detailed Question: 2000 words.
Attachment:- Business plan assessment template.rar