The three situations are:
a) No manufacturing involved: If the new venture does not include any manufacturing function, say it’s a trading firm or a service provider, then this section will stand eliminated from the plan.
b) Partial manufacturing: If some or all the manufacturing process is to be subcontracted or outsourced, then the production plan should describe:
i) Name and location of subcontractor(s)
ii) Reasons for their selection
iii) Cost and time involved
iv) Any contracts that have been completed etc. In such cases, a clear mention of what entrepreneur intends to do himself and what he plans to get it done from outside is required.
c) Complete Manufacturing: If the manufacturing is to be carried out in whole by the entrepreneur, he/she will need to describe:
i) the physical plant layout,
ii) the machinery and equipment required to perform the manufacturing operations,
iii) raw materials and suppliers names, addresses, terms and conditions,
