What is a business plan?
A business plan is a formal written document that outlines the strategic, financial and operational goals of an organization. It typically contains five main sections:
- Executive Summary
- Business Description
- Company Ownership
- Organization & Management Team
- Operation Overview/Business Model
Why is it important?
A business plan can provide you with a structured method for planning and evaluating your future. It may help to strengthen the case that you are making when seeking funding or expanding into new markets, as well as providing guidance on how much capital you will need.
What should you include?
Writing a business plan involves two key elements: writing the plan and then assessing it afterward. You should begin by thinking about your company’s mission statement; this will act as your guide throughout the entire process.
Think about how to structure your business model through market research considering all aspects such as what products or services are offered, what prices they are sold/delivered, and who is buying them (your target customers).
Next comes opportunity identification asking yourself whether there are gaps in current provision that you could fill with new ideas or innovations.
Once these steps have been completed successfully, outline some strategies for implementation, e.g., which markets would be targeted first, etc.). Finally, you should try to forecast what your business might look like in the future.
What is a case study?
A case study typically describes an individual experience or problem that has been solved, focusing on how particular events led to the person finding a solution. It can be used as part of formal research methods when studying motivation theories, for example, which focus on why people behave in specific ways when confronted with given stimuli (e.g., pressurized sales situations).
In this way, it differs from experimental testing procedures by being more descriptive than analytical. The primary purpose of writing a case study is often simply educational rather than investigative/analytical, e.g., providing insights into decision making, organizational behavior, and leadership styles, etc.
Why is it important?
Case studies are typically used as teaching aids in business schools and universities; they can also be helpful for CEOs or other senior managers who want to learn about the experiences of others, e.g., how their peers dealt with similar challenges.
Such knowledge may help them make better-informed decisions when faced with similar situations themselves (and thus avoid repeating mistakes). One other critical use of case studies is that they allow organizations/businesses to test out new ideas before implementing them on a larger scale.
This makes sense because one single example will always represent only a tiny slice of reality (even if you were able to study thousands), so there’s little point in rolling out new initiatives until you’ve tested them out first.
What should you include?
Writing a case study isn’t something that can be done overnight; there is no set formula. It takes time to show all the necessary details (e.g., decision-making process, reasons behind decisions, etc.)
There are several steps involved in writing one: research – this includes identifying key stakeholders as well as those who might have an interest in its findings, e.g., investors or regulators; planning what will go into your report/how it will be structured (and how long); reporting – including describing events chronologically plus explanations of why particular actions were taken at particular times, then finally analysis which involves explaining patterns or trends and making judgments about the findings.
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More Writing Tips
Drafting an outline for your paper is a vital part of writing any academic assignment it will help you keep on track, ensuring that all sections are covered equally (as well as showing how they link together).
You should start by thinking of what main points/topics should be included in each section; then write these down hierarchically with headings, e.g., Introduction -> Methods -> Findings, etc.).
Next, think about which information belongs under each heading – this can be done by asking yourself questions such as “What do I want my readers to know after reading this section?” Once you have answered them, go back through your paper and add in the necessary facts/evidence; then you can begin to write.
The primary purpose of writing a case study is often simply educational rather than investigative/analytical e.g., providing insights into decision making, organizational behavior, and leadership styles etc.
– it takes time to show all the necessary details (e.g., decision-making process, reasons behind decisions, etc.); there are several steps involved: research – planning what will go into your report/how it will be structured (and how long) – reporting – including describing events chronologically plus explanations of why particular actions were taken at particular times – analysis which involves explaining patterns or trends and making judgments about the findings;
– Draft, an outline for your paper, is a vital part of writing any academic assignment – it will help you keep on track.
Format of a business plan
The first step to writing a business plan is creating the outline. There are many different ways of doing this, but it’s important to make sure that your ideas are organized in some way before you start laying them on paper or computer screen.
A good place to start might be with key words and phrases for all the major sections of your plan: name one section “Mission Statement” and another called “Goals.” Make sure these terms can help guide your research at any time during the process.
Start your research. First, ask yourself what you want to accomplish with your business plan. This will help you track down the information that’s relevant and important in each section of a business plan.
Once you know this goal, it becomes much easier to find reliable sources for information related to your topic.
One way is by conducting online searches using different search engines like Google or Bing; another option is going directly through an academic website such as EBSCOhost or ProQuest if there are articles about what you’re looking for specifically. Make sure that whatever source material you use is from a reputable publisher. For example, peer-reviewed journals published by academic societies will generally have more authoritative articles than websites written just for general audiences.
Finally, book chapters and books are written by recognized experts in the field are also good sources for business plan information. Visit us at 9papers.com for your business plan and case study help