It is a fact that open economies do not have enough resources to meet the high demand of goods for their citizens. That is the reason why not only the national government but also private institutions import from other countries to make sure the demand is met and the supply of goods is replenished on a regular basis. You may also see business plan outline with examples.
If you’re planning to export or even import goods for your business, then you first need to create a business plan. Listed below are some import/export business plan examples which will be handy for your business.
Listed below are the tips when creating a business plan. Take note that the tips provided below are not only for an import/export business plan but for other types of business plans as well.
A business plan is mostly created with the purpose of investment. A business plan is not formulated just to be read by the individuals within the company. The actual contents of a business plan contains confidential industry and competitor information, in which these information are presented to investors, who will be aiming to invest in the company.
It is crucial that an executive summary should be well-written as possible investors will not be reading the entire business plan. Unfortunately, investors don’t have the time to read the entire plan, so make sure important details are laid out in the executive summary. Aside from placing their focus on the executive summary, they will also be browsing through the marketing and finance sections as important information can also be found here.
One of the key subsections of a business plan is the marketing plan. This subsection of a business plan is one of the most important as it does not only tackle the advertising and promotion strategies of the business but also introduces and analyzes the product and how it benefits customers.
As previously mentioned, marketing begins with the general analysis of the product before manufacturing even begins. There are numerous analysis tools available which are also being used by different companies around the world. Just choose which ones are applicable to your business.
The marketing plan is not only limited to product analysis but general information such as product specification should also be listed to provide clear and specific information for investors.
Another key subsection of a simple business plan is the finance or financial forecasts plan. Some investors decide to take a further look at financial forecasts compared to the executive summary and general marketing plan. This is because investors are looking at gaining something from their investment, and not just the initial funds they invested in the company.
Financial forecasts are not usually short-term forecasts, but long-term—typically in a span of three to five years. Normally, investment is not recovered after one year, especially for large businesses with a large number of assets. As long as there is an upward trend of revenues and profits in the forecasts and external factors are analyzed, then the investor will be considering to invest. You may also see business plan guidelines examples.
Probably the most forgotten tip not only for a general business plan but all types of business documents as well. Constantly reviewing and revising the business plan is necessary for it to be effective. You never know if there are additional data or information that need to be included in the business plan that will be vital for investors in their decision to invest in your business or not.
Never rush in creating the basic business plan, unless you and your team have been slacking off and delaying to create the business plan. Additionally, a final review or revision should pass through the management team since they are in a better position to analyze the business plan.
Germany is the top automobile and vehicle parts exporter in the world, thanks to its top-quality and classic homemade brands such as BMW, Audi, Mercedes-Benz, and Porsche. On the other side of the coin, the United States is the world’s top importer of automobiles as well as vehicle parts. You may also see network marketing business plan examples.
Hong Kong is the world’s top exporter of integrated circuits while China is the word’s top importer.
China is the world’s top exporter of consumer products such as computers, telephone products, and broadcasting equipment. China is the home of brands such as Lenovo, ASUS, Acer, Haier, Hasee, Xiaomi, ZTE, and Alcatel, to name a few. The USA meanwhile is the top importer for all three products. You may also like bookkeeping business plan examples.
The USA is the world’s top exporter and importer of refined petroleum. Exxon Mobil and Chevron, two of the biggest gas companies in the world are US-based. On the other hand, Russia is the world’s top exporter of crude petroleum while China is the world’s top importer. Gazprom, LukOil, and Rosneft are all based in Russia. You may also check out hotel business plan examples.
Minerals and exquisite items such as gold, diamonds, and jewelry are exported most by Switzerland, India, and China respectively. The top importers are Switzerland, the United States, and Hong Kong respectively.
France is the world’s biggest aircraft manufacturer, with China being the world’s top importer. Airbus (commercial aircrafts) and Dassault Aviation (military aircrafts) both hail from France.
We hope you found this article to be informative as you will be creating your own import/export business plan.