Types of Production
This includes all kinds of extractive industries such as agriculture, mining and fishing. Secondary Production
This includes manufacturing such as assembling, refining and construction (building) industries. Tertiary Production
This includes all kinds of service industries such as transportation, communication and tourism.
Features of a Business Plan
A business plan is a document outlining the goals of a business and the strategies to achieve these goals. It is mainly prepared by new businesses or by ones making major changes.
1. Superiority of Products And Services
For a company to grow and succeed, it has to be offering its customers products and services that have clear, demonstrable--even obvious--superiority to what is available from its competitors. Show the problem the customer has that you will be solving. It must be a significant problem or difficulty that the customer is anxious to solve very soon. Describe a customer using your product or service and how it benefits him--save money, save time, improve his quality of life, health, or the productivity of his business. This is sometimes called the “wow factor” in a business plan--superiority compelling enough to convince the reader that your business represents an outstanding opportunity. 2. Marketing Plan
A thorough discussion of the marketing strategies you intend to deploy should be a central focus of the plan. Be specific about the means you will use to reach your target customers and the message you are going to present to the marketplace to convert prospects into paying customers. You must show the reader that you and your management team truly understand how to get out there and sell in a tough and competitive world. Without the right combination of message and means of delivering the message, even truly superior products have trouble gaining traction in the marketplace. If you can show the reader that you already have customers...
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