Anatomy of a Business Plan Summary (Term Paper Sample)
1. In case of Profit Organizations / Anatomy of a Business Plan – Linda Pinson – 7th. Edition – Chapter 1: Business Plan Considerations 2. In case of Nonprofit Organizations / Anatomy of a Business Plan – Linda Pinson – 7th. Edition – Chapter 1: Business Plan Considerations and Chapter 9 Business Planning for a Nonprofit 1. Executive Summary of the Reading 2. Key concepts that you got from the reading: 3. Insights from this reading to your Business Plan (What and how can you apply this reading to your Business Idea?)
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Business Plan Analysis
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Business Plan Analysis
Executive Summary
Linda Pinson's book, "anatomy of a business plan,” exposes entrepreneurs to better positions of analyzing business strategies and policies of creating business environments. In chapter one, Pinson (2008) illustrates the essence of business considerations; the research aims at developing well-written business plans that suit both existing and new businesses. According to chapter one, a well-structured business plan provides lenders and investors with proper documentation responsible for outsourcing funding from outside domain companies. Pinson (2008) highlights that the research’s finding aims at responding to the needs of business plans, functions of lenders/inventors, effective development of business plans, writing of exit strategy, development financial assumptions, and non-profit planning among organizations.
Chapter nine addresses the concerns of business plans in non-profit organizations. Pinson (2008) stresses the significance of non-profit organizations in solving societal problems; the issue is explored by determining the differences in business plans among profit and non-profit-based organizations. Chapter nine's research findings focus on exposing entrepreneurs to the critical understanding of business plan development areas. Financial, organizational, and marketing plans, supporting documents, and executive summaries are the main issues of the business plan addressed in chapter nine.
Important Concepts
I have gained vital concepts from Pinson's work; however, the benefits of non-profit organizations have increased my understanding of such companies' types and functioning worldwide. Moreover, I learned that the qualifications of becoming a non-profit organization are guaranteed only if companies are in the form of coalitions, unincorporated associations, community-based, and trustworthy corporations. On the contrary, chapter one has improved my understanding of strategic business planning by incorporating t
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