Reflection Paper

----Business plan

各位外贸rmit 中澳合作专业的学弟学妹们，help yourself~但是百度币还是要收的！

这个老师不会认真看，但是也都别抄成一样的！仅供借鉴哦！

Introduction

Compared with courses merely based on theoretical knowledge, the course form of business planning was varied and the class atmosphere was more vivid. Numbers of interesting stories were told in class, deepening our understanding of the content of the course. The teacher of this course was fairly humorous, giving a bright touch to the course.

Before taking this course, I only knew the literal meaning of business planning and had no idea of what on earth a business plan involves. The course taught me some techniques such as Porter’s five elemental forces, Ohmae’s strategic three Cs, AIDA model and SWOT analysis, in analyzing the business plan of a certain company. I think these analytical techniques are practical and will lay a solid foundation for making a right investment in the future.

The content of the course

The content of the course put more emphasis on the utility. It was divided into several chapters, which involves external environment, market analysis, market planning and forecasting, operation strategy, management team and organizational structure, financial planning and risk analysis. Each chapter is an indispensable part of a business plan.

The business plan should mainly introduce the company’s present status, its current needs, its expected future, the specific business objectives of the company, the return on investment projections and development strategies.

Among all these factors in a business plan, I think the projection of return on investment has the closest contact with us in the future. We should make judgment whether the projection is accurate and decide whether to make a certain investment. In addition, the opportunity evaluation is also of great use. It can give the investor a brief but comprehensive impression of the potential sales of the product or service. 4 ‘Fundamental anchors’ is introduced in the evaluation, which involves four judgment standards. The first standard judges whether a product or service creates or adds significant value to a customer or end-user. The second judges whether a product solves a significant problem or meet a significant want or need. The third judges whether a product has robust market, money-making characteristic and sustainable value. And the last standard judges whether a product or service is in good fit with the founders and management team.

The task of the course

The course has two major tasks, one of which is the individual homework while the other is the group homework.

Considering the individual homework, the students were required to select one of the six

sample business plans and conduct analysis of it. The analysis mainly focused on three parts which refer to the plan’s marketing strategy, operating strategy and financial strategy. This individual homework can do great benefit to us. Not only can we deepen our understanding of the content and structure of the business plan, but also can we realize the deficiency in the sample business plan and avoid the recommitment of the same error in our group homework. I think the individual homework will lay a solid foundation for the perfection of the group homework.

The group homework of the course gave us a chance to stimulate our imagination, designing our own product or service. The students were required to form a group, establishing a visual company, designing a new product or service and making a business plan of it. In the process of completing the group homework, I put the theoretical knowledge learnt in class into practice and in the meanwhile deepen my understanding of the knowledge. I got to know which part should be covered in a business plan to make it more comprehensive. In addition, during the process, the group members communicate with each other, brainstorming and listening to other group members’ idea. I think the experience provided by this course is valuable in college and worth being treasured.

Conclusion

Maybe in the future, we will come into the situation of making a business plan for a corporation, then the theoretical knowledge learnt in class and the experience accumulated in doing homework may make it a comparatively easier job for you.

In addition, you can know the requirement of a business plan. When making an investment in the future, we can have the comparatively greater chance of making profit because of the better command of the conditions of the company.

All in all, I enjoy this course because of its unique teaching mode, which creates a lively learning environment and improves the learning efficiency of students, and because of its utility. However, I think the pressure of this course is comparatively heavier, especially the essays. The deadlines of the individual essay as well as the group essay concentrate in the same period of time, which burden our students heavily. I strongly recommend that the

deadlines of these two essays should be dispersed. That will also promote the quality of essay to a large extend.

第二篇：英文商业计划书模板business plan for established business

Business Plan for an Established Business

This business plan consists of a narrative and several financial spreadsheets. The

narrative template is the body of the business plan. It contains more than 150 questions divided into several sections. Work through the sections in any order you like, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your business. When you are finished writing your first draft, you will have a collection of small essays on the various topics of the business plan. Then you will want to edit them into a flowing narrative.

The real value of doing a business plan is not having the finished product in hand; rather, the value lies in the process of research and thinking about your business in a systematic way. The act of planning helps you to think things through thoroughly, to study and research when you are not sure of the facts, and to look at your ideas critically. It takes time, but avoids costly, perhaps disastrous, mistakes later.

The business plan narrative is a generic model suitable for all types of businesses.

However, you should modify it to suit your particular circumstances. Before you begin, review the section titled Refining the Plan, found at the end of the business plan. It suggests emphasizing certain areas, depending upon your type of business

(manufacturing, retail, service, etc.). It also has tips for fine‐tuning your plan to make an effective presentation to investors or bankers. If this is why you are writing your plan, pay particular attention to your writing style. You will be judged by the quality and appearance of your work as well as your ideas.

It typically takes several weeks to complete a good plan. Most of that time is spent in research and rethinking your ideas and assumptions. But then, that is the value of the process. So make time to do the job properly. Those who do never regret the effort. And finally, be sure to keep detailed notes on your sources of information and on the assumptions underlying your financial data.

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Business Plan OWNERS

Business name:

Address:

Telephone:

Fax:

E‐mail: Your Business Name Address Line 1 Address Line 2 City, ST ZIP Code (555) 555‐0100 (555) 555‐0101 someone@example.com

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Table of Contents Table of Contents ............................................................................................................. 3 Executive Summary ......................................................................................................... 4

General Company Description ...................................................................................... 5

Products and Services...................................................................................................... 6

Marketing Plan ................................................................................................................. 7

Operational Plan ............................................................................................................ 15

Management and Organization ................................................................................... 20

Personal Financial Statement ....................................................................................... 21

Financial History and Analysis.................................................................................... 22

Financial Plan ................................................................................................................. 23

Appendices ..................................................................................................................... 25

Refining the Plan ............................................................................................................ 26

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Write this section last!

Executive Summary We suggest that you make it two pages or less.

Include everything that you would cover in a five‐minute interview.

Explain the fundamentals of the business: What is your product, who are your customers, who are the owners, and what do you think the future holds for your business and your industry?

Make it enthusiastic, professional, complete, and concise.

If you are applying for a loan, state clearly how much you want, precisely how you are going to use it, and how the money will make your business more profitable, thereby ensuring repayment.

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General Company Description Mission statement: Many companies have a brief mission statement, usually 30 words or fewer, explaining their reason for being and their guiding principles. If you have a mission statement, this is a good place to put it in the plan, followed by company goals and objectives and business philosophy.

What business are you in? What do you do?

What is your target market? (Explain briefly here, because you will do a more thorough explanation in the Marketing Plan section.)

Describe your industry. Is it a growth industry? What changes do you foresee in your industry, and how is your company poised to take advantage of them?

Now give a detailed description of the business:

Form of ownership: Sole proprietor, partnership, corporation, or limited liability corporation (LLC)?

Company history: Years in business, previous owners, successes, failures, lessons learned, reputation in community, sales and profit history, number of employees, and events that affected success. Discuss significant past problems and how you solved and survived them.

Most important strengths and core competencies: What factors will make the company succeed? What are your major competitive strengths? What strengths do you personally bring to the business?

Significant challenges the company faces now and in the near future: If you are asking for funding, go on to explain how the new capital will help you meet these challenges.

Long term: What are your plans for the future of the business? Growth? If so, at what rate and how will you achieve it?

Are you developing strategies for continued growth, increased production,

diversification, or eventual sale of the business? What are your time frames for these?

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Products and Services

Describe in depth your products and services. (Technical specifications, drawings, photos, sales brochures, and other bulky items belong in the Appendices.) What factors give you competitive advantages or disadvantages? For example, the level of quality, or unique or proprietary features. What is the pricing, fee, or leasing structure of your products and services?

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Marketing Plan Notes on Preparation:

Market research: Why?

You spend so much time on marketing‐related matters — customers, competitors,

pricing, promotion, and advertising — that it is natural to assume that you have little to learn. However, every small business can benefit from doing market research to make sure it is on track. Use the business planning process as your opportunity to uncover data and to question your marketing efforts. It will be time well spent.

Market research: How?

There are two kinds of market research: primary and secondary.

Secondary research means using published information such as industry profiles, trade journals, newspapers, magazines, census data, and demographic profiles. This type of information is available from public libraries, industry associations, chambers of commerce, vendors who sell to your industry, and government agencies.

Start with your local library. Most librarians are pleased to guide you through their business data collection. You will be amazed at what is there. There are more online sources than you could possibly use. Your chamber of commerce has good information on the local area. Trade associations and trade publications often have excellent industry‐specific data.

Primary market research means gathering your own data. For example, you could do your own traffic count at a proposed location, use the yellow pages to identify competitors, and do surveys or focus group interviews to learn about consumer

preferences. Professional market research can be very costly, but there are many books that show small business owners how to do effective research.

In your marketing plan, be as specific as possible; give statistics, numbers, and sources. The marketing plan will be the basis, later on, of the all‐important sales projection.

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The Marketing Plan:

Economics ? Facts about your industry ? Total size of your market ? Percentage share of the market you have. (This is important only if you are a major factor in the market.) ? Current demand in target market ? Growth history

? Trends in target market — growth trends, trends in consumer preferences, and trends in product development

? Growth potential and opportunity for a business of your size

? What barriers to entry keep potential new competitors from flooding into your market?

????High capital costs

????High production costs

????High marketing costs

????Consumer acceptance/brand recognition

????Training/skills

????Unique technology/patents

????Unions

????Shipping costs

????Tariff barriers/quotas

? How could the following affect your company?

????Change in technology

????Government regulations

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????Changing economy

????Change in your industry

Products In the Products and Services section, you described your products and services as you see them. Now describe them from your customers’ point of view. Features and Benefits

List all your major products or services.

For each product or service, describe the most important features. That is, what does the product do? What is special about it?

Now, for each product or service, describe its benefits. That is, what does the product do for the customer?

Note the differences between features and benefits, and think about them. For example, a house gives shelter and lasts a long time; those are its features. Its benefits include pride of ownership, financial security, providing for the family, and inclusion in a neighborhood. You build features into your product so you can sell the benefits. What after‐sale services are supplied? For example: delivery, warranty,

service contracts, support, follow‐up, or refund policy.

Customers

Identify your customers, their characteristics, and their geographic locations; that is, demographics.

The description will be completely different depending on whether you sell to other businesses or directly to consumers. If you sell a consumer product, but sell it through a channel of distributors, wholesalers, and retailers, you must carefully analyze both the end user and the intermediary businesses to which you sell.

You may have more than one customer group. Identify the most important groups. Then, for each consumer group, construct a demographic profile:

? Age

? Gender

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? Location

? Income level

? Social class/occupation

? Education

? Other

For business customers, the demographic factors might be:

? Industry (or portion of an industry)

? Location

? Size of firm

? Quality/technology/price preferences

? Other

Competition

What products and companies compete with you? List your major competitors, including their names and addresses.

Do they compete with you across the board, just for certain products, certain customers, or in certain locations?

Use the following table to compare your company with your three most important competitors.

In the first column are key competitive factors. Because these vary with each market, you may want to customize the list of factors.

In the cell labeled ?Me,? state honestly how you think you stack up in customers? minds. Then decide whether you think this factor is a strength or a weakness for you. If you find it hard to analyze yourself this way, enlist some disinterested party to assess you. This can be a real eye‐opener.

Now analyze each major competitor. In a few words, state how you think they stack up.

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In the last column, estimate how important each competitive factor is to the customer. 1 = critical; 5 = not very important.

Table 1: Competitive Analysis

FACTOR Products Price QualitySelection Service ReliabilityStability ExpertiseCompany reputation LocationMe

WeaknessCompetitor A

Competitor B

Competitor C

Importance to customer

Appearance Sales method Credit policies

Advertising Image

After you finish the competitive matrix, write a short paragraph stating your competitive advantages and disadvantages.

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Niche

Now that you have systematically analyzed your industry, your product, your customers, and the competition, you should have a clear picture of where your company fits into the world.

In one short paragraph, define your niche, your unique corner of the market.

Marketing Strategy

Now outline a marketing strategy that is consistent with your niche.

Promotion: How do you get the word out to customers?

Advertising: What media do you use, why, and how often? Has your advertising been effective? How can you tell?

Do you use other methods, such as trade shows, catalogs, dealer incentives, word of mouth, and network of friends or professionals?

If you have identifiable repeat customers, do you have a systematic contact plan? Why this mix and not some other?

Promotional Budget How much will you spend on the items listed above? Should you consider spending less on some promotional activities and more on others? Pricing

What is your pricing strategy? For most small businesses, having the lowest prices is not a good strategy. Usually you will do better to have average prices and compete on quality and service. Does your pricing strategy fit with what was revealed in your competitive analysis?

Compare your prices with those of your competition. Are they higher, lower, the same? Why?

How important is price as a competitive factor?

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What are your payment and customer credit policies?

Location You will describe your physical location in the Operational Plan section of your business plan. Here in the Marketing Plan section, analyze your location as it affects your customers.

If customers come to your place of business:

? Is it convenient? Parking? Interior spaces? Not out of the way?

? Is it consistent with your image?

? Is it what customers want and expect?

Where is the competition located? Is it better for you to be near them (like car dealers or fast‐food restaurants) or distant (like convenience food stores)?

Distribution Channels

How do you sell your products or services?

? Retail

? Direct (mail order, World Wide Web, catalog)

? Wholesale

? Your own sales force

? Agents

? Independent reps

Has your marketing strategy proven effective?

Do you need to make any changes or additions to current strategies?

Sales Forecast

Now that you have described your products, services, customers, markets, and

marketing plans in detail, it is time to attach some numbers to your plan. Use a to prepare a month‐by‐month projection. Base the forecast on your

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historical sales, the marketing strategies that you have just described, your market research, and industry data, if available.

You may want to do two forecasts: 1) a ?best guess,? which is what you really expect, and 2) a ?worst case? low estimate that you are confident you can reach no matter what happens.

Remember to keep notes on your research and your assumptions as you build this sales forecast and all subsequent spreadsheets in the plan. Relate the forecast to your sales history, explaining the major differences between past and projected sales. This is critical if you are going to present it to funding sources.

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Operational Plan

Explain the daily operation of the business, its location, equipment, people, processes, and surrounding environment.

Production

How and where do you produce your products or services?

Explain your methods of:

? Production techniques and costs

? Quality control ? Customer service ? Inventory control ? Product development Location

Describe the locations of production, sales, storage areas, and buildings. Do you lease or own your premises?

Describe access to your buildings (walk in, parking, freeway, airport, railroad, and shipping).

What are your business hours? If you are trying to get an expansion loan, include a drawing or layout of your proposed facility. Legal Environment

Describe the following:

? Licensing and bonding requirements

? Permits

? Health, workplace, or environmental regulations

? Special regulations covering your industry or profession

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? Zoning or building code requirements

? Insurance coverage

? Trademarks, copyrights, or patents (pending, existing, or purchased)

Personnel

? Number of employees

? Type of labor (skilled, unskilled, professional)

? Where do you find new employees?

? Quality of existing staff

? Pay structure

? Training methods and requirements

? New hiring in the coming year?

? Who does which tasks?

? Are schedules and procedures in place?

? Do you have written job descriptions for employees? If not, take time to write

some. Written job descriptions really help internal communications with employees.

? Do you use contract workers as well as employees?

Inventory

? What kind of inventory do you keep: raw materials, supplies, finished goods? ? Average value in stock; that is, what is your inventory investment?

? Rate of turnover and how it compares with industry averages?

? Seasonal buildups?

? Lead time for ordering?

Suppliers

Note the following information about your suppliers:

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Their names and addresses.

Type and amount of inventory furnished.

Credit and delivery policies.

History and reliability. Do you expect shortages or short‐term delivery problems? Are supply costs steady or fluctuating? If fluctuating, how do you deal with changing costs? Should you be searching out new sources of supply, or are you satisfied with present suppliers?

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Credit Policies

Do you sell on credit? If so, do you really need to? Is it customary in your industry and expected by your clientele?

Do you carefully monitor your payables (what you owe to vendors) to take advantage of discounts and to keep your credit rating good?

You need to carefully manage both the credit you extend and the credit you receive. Managing Your Accounts Receivable

If you do extend credit, what are your policies about who gets credit and how much? How do you check the creditworthiness of new applicants?

What terms will you offer your customers; that is, how much credit and when is payment due?

Do you offer prompt payment discounts? (It is best to do this only if it is usual and customary in your industry.) Do you know what it costs you to extend credit? This includes both the cost of capital tied up in receivables and the cost of bad debts. Have you built the costs into your prices?

You should do an aging at least monthly to track how much of your money is tied up in credit given to customers and to alert you to slow payment problems. A receivables aging looks like the following table.

Table 2: Accounts Receivable Aging Accounts receivableaging TotalCurrent30 Days60 Days90 DaysOver 90 Days Collecting from delinquent customers is no fun. You need a set policy and you need to follow it.

When do you make a phone call?

When do you send a letter?

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When do you get your attorney to threaten?

Managing Your Accounts Payable

You should also age your accounts payable (what you owe to your suppliers). Use this format.

Table 3: Accounts Payable Aging

TotalAccounts payable

aging Current30 Days60 Days90 DaysOver 90 Days This helps you plan whom to pay and when. Paying too early depletes your cash, but paying late can cost you valuable discounts and damage your credit. (Hint: If you know you will be late making a payment, call the creditor before the due date. It tends to relax them.)

Are prompt payment discounts offered by your proposed vendors? Do you always take

them?

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Management and Organization Who manages the business on a day‐to‐day basis? What experience does that person bring to the business? What special or distinctive competencies?

Is there a plan for continuation of the business if this person is lost or incapacitated? If you have more than 10 employees, prepare an organizational chart showing the management hierarchy and who is responsible for key functions. Include position descriptions for key employees.

Professional and Advisory Support

List the following:

? Board of directors and management advisory board

? Attorney

? Accountant

? Insurance agent

? Banker

? Consultants

? Mentors and key advisors

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Personal Financial Statement Owners often have to draw on personal assets to finance the business. This will show you what is available. Bankers and investors usually want this information as well. They will ask owners to cosign or personally guarantee any business loans. Document your assumptions, notes, definitions, and any special financial situation. Include details of notes, securities, contracts, etc. on the bottom of a personal financial spreadsheet. Include one such spreadsheet for each principal.

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Financial History and Analysis A solid analysis of the past must precede any serious attempt to forecast the future. A

will allow you to put a great deal of financial information from other statements on a single page for ease of comprehension and analysis. You may also enter industry average ratios for comparison.

In the Appendices, put year‐end balance sheets, operating statements, and business income tax returns for the past three years, plus your most current balance sheet and operating statement.

Debt Schedule

This table gives in‐depth information that the financial statements themselves do not usually provide. Include a debt schedule in the following format for each note payable on your most recent balance sheet.

Table 4: Debt Schedule

To whom

payable Original

amount Original

date Present

balance Rate of

interest Maturity

date Monthly

payment Security Current/past due

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Financial Plan

The financial plan consists of a 12‐month profit and loss projection, a four‐year profit and loss projection (optional), a cash‐flow projection, a projected balance sheet, and a breakeven calculation.

Together, these spreadsheets constitute a reasonable estimate of your company?s financial future. More important, however, the process of thinking through the financial plan will improve your insight into the inner financial workings of your company.

Explain the major assumptions used to estimate company income and expenses. Your sales projection should come from an annual sales forecast. Pay special attention to areas where historical performance varies markedly from your projections.

(Optional)

The 12‐month projection is the heart of your financial plan. However, this worksheet is for those who want to carry their forecasts beyond the first year. It is expected of those seeking venture capital. Bankers pay more attention to the 12‐month projection.

Of course, keep notes of your key assumptions, especially about things you expect to change dramatically over the years. Projected Cash Flow

The is just a forward look at your checking account.

For each item, determine when you actually expect to receive cash (for sales) or when you will actually have to write a check (for expense items). Your cash flow will show you whether your working capital is adequate. Clearly if your cash on hand goes negative, you will need more. It will also show when and how much you need to borrow.

Explain your major assumptions, especially those that make the cash flow differ from a profit and loss statement, such as:

? If you make a sale in month 1, when do you actually collect the cash?

? When you buy inventory or materials, do you pay in advance, upon delivery, or

much later?

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? How will this affect cash flow?

? Are some expenses payable in advance?

? Are there irregular expenses, equipment purchase, or inventory buildup that

should be budgeted?

And of course, depreciation does not appear at all because you never write a check for it.

Projected Balance Sheet

This is an estimate of what the balance sheet will look like at the end of the

12‐month period covered in your projections.

In the business plan section related to your , state the

assumptions that you used for all major changes between your last historical balance sheet and the projection.

Breakeven Analysis

A determines the sales volume, at a given price, that is required to recover total costs.

Expressed as a formula, breakeven is as follows.

Breakeven sales

Fixed costs = 1‐ Variable costs (Where fixed costs are expressed in dollars, but variable costs are expressed as a percentage of total sales.)

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Appendices Include details and studies used in your business plan; for example: ? Brochures and advertising materials

? Industry studies

? Blueprints and plans

? Maps and photos of location

? Magazine or other articles

? Detailed lists of equipment owned or to be purchased

? Copies of leases and contracts

? Letters of support from future customers

? Any other materials needed to support the assumptions in this plan ? Market research studies

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Refining the Plan

The generic business plan presented above should be modified to suit your specific type of business and the audience for which the plan is written.

For Raising Capital

For Bankers

Bankers want assurance of orderly repayment. If you intend to use this plan to present to lenders, include:

? Amount of loan.

? How you will use the funds.

? What will this accomplish (how will it make the business stronger)?

? Requested repayment terms (number of years to repay). You will probably not

have much negotiating room on interest rate, but you may be able to negotiate a longer repayment term, which will help cash flow.

? Collateral offered, and a list of all existing liens against the collateral.

For Investors

Investors have a different perspective from bankers. They are looking for dramatic growth, and they expect to share in the rewards. Include the following in the plan that you present to potential investors:

Funds needed short term

Funds needed in two to five years

How the company will use the funds, and what this will accomplish for growth Estimated return on investment

Exit strategy for investors (buyback, sale, or IPO)

Percentage of ownership that you will give up to investors

Milestones or conditions that you will accept

Financial reporting that you will provide

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Involvement of investors on the board or in management

Refine Your Plan for the Type of Business

Manufacturing

? Present production levels

? Present levels of direct production costs and indirect (overhead) costs

? Gross profit margin, overall and for each product line

? Possible production efficiency increases

? Production‐capacity limits of existing physical plant

? Production capacity of expanded plant (if expansion is planned)

? Production‐capacity limits of existing equipment

? Production capacity of new equipment (if new equipment is planned)

? Prices per product line

? Purchasing and inventory management procedures

? Anticipated modifications or improvements to existing products

? New products under development or anticipated

Service Businesses

Service businesses sell intangible products. They are usually more flexible than other types of business, but they also have higher labor costs and generally very little in fixed assets.

? Prices

? Methods used to set prices

? System of production management

? Quality control procedures

? Standard or accepted industry quality standards

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? How do you measure labor productivity?

? What percentage of total available hours do you bill to customers?

? Breakeven billable hours

? Percentage of work subcontracted to other firms

? Profit on subcontracting?

? Credit, payment, and collections policies and procedures

? Strategy for keeping client base

? Strategy for attracting new clients

High‐Tech Companies

? Economic outlook for the industry

? Does your company have information systems in place to manage rapidly changing prices, costs, and markets?

? Is your company on the cutting edge with its products and services?

? What is the status of R&D? And what is required to bring the product or service

to market and to keep the company competitive?

? How does the company:

????Protect intellectual property?

????Avoid technological obsolescence?

????Supply necessary capital?

????Retain key personnel?

If your company is not yet profitable or perhaps does not yet even have sales, you must do longer‐term financial forecasts to show when profit take‐off will occur. And your assumptions must be well documented and well argued.

Retail Business

? Company image

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? Pricing: Explain mark‐up policies. Prices should be profitable, competitive,

and in accord with the company image.

? Inventory:

????Selection and price should be consistent with company image.

????Calculate your annual inventory turnover rate. Compare this to the

industry average for your type of store.

? Customer service policies: These should be competitive and in accord with the

company image.

? Location: Does it give the exposure you need? Is it convenient for customers? Is it consistent with company image?

? Promotion: What methods do you use and what do they cost? Do they project a

consistent company image?

? Credit: Do you extend credit to customers? If yes, do you really need to, and do

you factor the cost into prices?