learnings of the week(business plan)

This week we just have a series of activities about the conditional statements. But I learned more about making a business plan but our business plan is not yet finished!!!♥♥♥

Step1
Organize the information for your business plan. Include information on your company, product or service, customers, market, competition and potential risk.
Step2
Write an executive summary. This is the first section of the plan–—a 2-page description of all the elements covered in more detail later.
Step3
Describe your company. Spell out the purpose of your business. Talk about the skills you and your management team have.
Step4
Explain your product or service. Detail how you will make or provide it. Analyze the costs associated with this process. List your supply sources.
Step5
Talk about the market you're entering. Discuss general trends in the industry. Include details about the market segment you are pursuing, the niche you are targeting and your target customer; provide demographics on your potential customers and explain their buying habits. Analyze your competition.
Step6
Describe your marketing plan. Explain how you will generate sales through advertising, promotion and public relations. Estimate all costs conservatively.
Step7
Detail your yearly revenue projections and your expenses.