Business Plan Preparation
The business plan should be a comprehensive plan, which is the result of in-depth planning by the organization and management. It should realistically forecast market demand, customer base, competition, and economic conditions. The plan must reflect sound banking principles and demonstrate realistic assessment of risk in light of economic and competitive conditions in the market to be served.
It includes
- Description of Business
- Marketing Plan
- Product Strategy
- Market Analysis
- Economic Component
- Competitive Analysis
- Management Plan — Directors and Officers
- Records, Systems, and Controls
- Financial Management Plan
- Monitoring and Revising the Plan
- Alternative Business Strategy
- Financial Projections