Here, I've compiled some great information to help you put together this ultra important document. What is a business plan? A business plan is a formal document detailing everything about your business. Venture coach Stever Robbins writes in an article on Entrepreneur.
Every business model requires them, and it is only through them that companies generate Value Propositions and Revenues.
Key resources can be physical, financial, intellectual, or human. A microchip manufacturer needs capital-intensive production facilities, whereas a microchip designer depends more on human resources. Key resources can be owned or leased by the company, or acquired from key partners.
Key Resources can be categorized as follows: Physical Physical assets such as manufacturing facilities, buildings, vehicles, machines, systems, point-of-sales systems, and distribution networks come into this category. Large retailers like Wal-Mart and Amazon.
Intellectual Under intellectual resources come brands, proprietary knowledge, patents and copyrights, partnerships, and customer databases.
All are increasingly important components of a strong business model. Intellectual resources take time to engender and develop. Consumer goods companies like Nike and Sony rely heavily on their brands. Microsoft and Adobe depend on software and related intellectual property that is continually being developed.
Qualcomm, a supplier of chipsets for broadband mobile devices, built its business model around patented microchip designs that now earn the company substantial licensing fees.
Human All enterprises need human resources, but those resources are particularly prominent in knowledge-intensive and creative industries.
A pharmaceutical company relied heavily on human resources: Ericsson, the telecom manufacturer, will opt to borrow funds from banks and capital markets, for example, using those funds to provide vendor financing that in turn ensures orders are placed with Ericsson rather than with the competition.
Relevant Case Studies Google used customer data collected from search engines and its Analytics program to develop its Ad service. GlaxoSmithKline monetized unused internal assets as a patents pool on neglected tropical diseases. Amazon developed sophisticated technology which it then offered in cloud services.
Skype employed largely free resources to undercut telecom prices. EasyDiagnosis employed its medical knowledge to create an online medical diagnosis expert system. Aurora Health Care analyzed its medical records with business intelligence systems to offer a superior service.
What are key resources?An outline of your business's legal structure and management resources, including your internal management team, external management resources, and human resources needs. If the goal of your business plan is to get funding, it's wise to make sure that your management plan includes an advisory board as a management resource.
Key resources can be physical, financial, intellectual, or human.
A microchip manufacturer needs capital-intensive production facilities, whereas a microchip designer depends more on human resources. Key resources can be owned or leased by the company, or acquired from key partners. Jun 09, · How to Start a Physical Therapy Business.
Physical therapy practices are part of an ever-changing health sciences industry. Physical therapy has become one of the main ways that doctors help patients to overcome injury, regain mobility and learn proper body mechanics%().
Physical resources are the material assets that a business owns, including buildings, materials, manufacturing equipment and office furniture.
Physical resources can be sold if a business . Physical resources are the tangible resources that the business needs to maintain in order to carry out its activities.
an example of this is materials, premises etc. Technological resources are intangibles resources such as intellectual properties, accumulated skills and experience, software license and patent.
Resources may come from within the business including trained employees, protection and safety systems, communications equipment and other facilities owned or leased by the business. Other resources from external sources include public emergency services, .