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Key components of a business plan

IB Business Management • Unit 6

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💰 Financial forecasts

The financial section is what investors care about most. It shows whether the business can survive and grow.

  • Cash flow forecast — predicted cash coming in and going out each month
  • Projected profit and loss — expected revenue minus expected costs
  • Break-even analysis — how many units must be sold to cover costs
  • Start-up costs — one-off costs needed to launch
  • Sources of finance — loans, savings, investors, grants
Financial forecasts are educated guesses — they won't be perfectly accurate, but they show you've done your homework! 🧮

📣🏭 Marketing and operations

Marketing strategy section

  • Who is your target market?
  • What is your marketing mix (product, price, place, promotion)?
  • How will you compete with existing businesses?
  • What makes your product different (USP)?

Operations section

  • How will you produce the product or deliver the service?
  • Where will you operate (location)?
  • What equipment and technology do you need?
  • Who are your suppliers?

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