NFTE IRELANDTHE NFTE BUSINESS PLAN

TEMPLATE

Introduction

Business name Logo Business slogan / statement

Student Profile 1Name

General description of student

Interests / Hobbies

Personal skills/qualifications – how will this make your business successful?

Student Profile 2Name

General description of student

Interests / Hobbies

Personal skills/qualifications – how will this make your business successful?

My Business IdeaWhat product / service I offer

Type of Business

How I got my idea

Market ResearchType of market research

Results from market research

Target customer profile

Competition Competitor Price Location Unique

Featuree.g.. Local shop/service

e.g. Nationwide shop/service

e.g. Online shop/service

My Business’ Competitive Advantage 1.

2.

Marketing PlanPromotion

MethodPromotion Place Target Consumer

(age, gender, location)

Cost

Monthly Sales Projections

MONTH

PROJECTED MONTHLY

UNIT SALESSeptOctNovDecJanFebMarAprMayJunJul

Aug

PROJECTED MONTHLY UNIT SALES

0

0.2

0.4

0.6

0.8

1

1.2

PROJECTED MONTHLY UNITSALES

How to complete graph:

1. Double click on graph

2. Add projected monthly unit sales

3. Click on “chart 1”

4. Click here

Budgeted Income and Expenditure (Optional)

Income Sept Oct Nov Dec Jan Feb Mar Total

= Total Income(A)

Expenditure

= Total expenditure(B)

Net Cash(A-B)

Opening Cash

Closing Cash

G Profit from One Unit (module 8)

What is your unit of sale?

Selling Price of one unit of sale €

Cost of producing one unit of sale €

Gross Profit per one unit of sale €

Fixed (ISAIDUROC) Costs per month

Utilities €

Salaries €

Advertising €

Insurances €

Interest on loan €

Rent €

TOTAL €

Break Even Units

What do you need to sell in one month to cover your basic costs?

Fixed Costs = Break Even

Gross profit per unit

Profit & Loss StatementTotal sales for the year a €

Less cost of sales b €

Gross profit a-b=c €

Less fixed costs / expenses d €

Profit before tax c-d=e €

Less tax & PRSI (25%) f

€

Net profit e-f=g

€

Comparison Sheet (optional)

Budgeted Actual Difference

Income

= Total Income

Expenditure

= Total expenditure

Personal Objectives & Goals

Business Goals

Educational Goals

Personal Goals

Corporate Social Responsibility Policy

Describe how your business will give back to the community or support a cause that you believe in.

• Thank you for taking the time to consider our Business:

• (Business Name, Logo, Slogan etc)