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Executive summary
You will have to decide, perhaps with your accountant whether labor, operational overheads, funding or other costs that may be directly related to producing your product should be included in the cost of goods figure. As the business plan concept being recommended is following the KISS principle, (Keep It Simple), separating the various overhead cost factors avoids complex allowances and allocation which can be beneficial for a commencing business with an initial business plan. When established, the more sophisticated accounting and allocating procedures would justifiably be installed.
Your business plan should cover at least 3 years of operation. The first 12 months should be seen on at least a monthly basis, perhaps weekly depending on the type of enterprise. The second year of operation may be seen on a quarterly forecast basis with the third year as a total. As you progress with your venture, a new 12 month plan will be made for year two, replacing the initial Quarterly Plan. Ad of course you will be able to compare first year result with original second year estimate to celebrate or revise. The planning process becomes a convenient valuable moving window for your enterprise. Now, let’s look at examples of business plan using the format and concepts that have been presented.
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An opening exists for the supply of a range of pottery and ceramic dinnerware products to the specially restaurant and middle to upper income level domestic markets. The major sources of dinnerware product tend to supply either the volume, package low cost market with porcelain, glass or stoneware products while the distinguished named in chinaware are expensive and directed towards the upper income domestic and top end food services markets.