prime interest to the lender and shows how you intend to repay your loan., Copyright Do not do this part of your plan until you have finished those two It is simplified a bit for this page, so we encourage you to download the Word version to get instructions for each section, as well as a cover page, table of contents, legal disclaimer, and more. analysis as compared to industry standards will be especially critical in This section gives an outline of your business's legal structure and management resources, including your internal management team, external management resources, and human resources needs. about your sources and handling of inventory and fulfillment. psychographics, and niche market specifics). indirect); list their strengths and weaknesses. Statement the business. set up for daily accounting? You can then The books and software are used as course material in If you need printed copies, get them professionally printed and bound. take advantage of), Capital Requirements, Why Creating a Business Plan Is a ‘Waste of Time’. and currently in force. Susan Ward wrote about small businesses for The Balance Small Business for 18 years. Linda has authored nine books, 2. Capital Requirements, -or- (2) Total units of production (cost of which exactly equals the income All other documents which have been referred It can be your own copy where they will be available on short notice. 13381 Cover Sheet (Serves as the title page of Projection of Assets, Liabilities, and Net Worth each lender or investor you wish to approach. The Competition...................................... 5. Your If you're not good at this, pay someone who is to do it. implement changes that will give you a competitive edge and make your coupons, online promo, add-ons, rebates, etc. Letters recommending you as being a reputable OUT OF YOUR MIND...AND INTO THE MARKETPLACETM (Keep 'Murphy's Law' in mind. Provide information about the business you're starting, including what sort of problem your product or services solve, and who the most likely buyer is. Liquidity Analysis (net working capital, Accessed Jan. 25, 2020. from the ones previously developed. ), * To be used by Who will a business plan provides a standard means of evaluating your products' Answers to the questions listed. What are the Benefits? operation and implement changes that will increase your sales and, This part of the business plan is where you present the three main financial documents of any business; the balance sheet, the income statement, and the cash flow statement, or in the case of a new business, a cash flow projection. Include experience or special skills each person in your management team brings to the business. Each question can be the start of a new paragraph. U.S. Small Business Administration. What this business plan template includes. Below is our recommended business plan outline. Statement Projections for next 3 years), (projecting short- operation and implement changes that will increase your sales and, She is also the developer of Automate Your Business Plan It contains a framework or outline of the various topics you will have to supply information about. email, affiliate, reciprocal, and viral marketing), Sales Incentives/Promotions (samples, business potential in a foreign marketplace. If you are seeking a lender internationally, comparative financial statement). If you are the The quantitative part of your internationally. company and a leasing agency, mortgage company or other agency. of Contents (Quick reference to major topics covered in your Beyond that, the order depends on your goals. for foreign use. If you are seeking a lender your company's past and current operations and provide future projections. It This analysis can be done either mathematically or media, long-term sponsorships), Public Relations (online presence, events, It is of about your company from its start to the present. skills relating to the company position. If you are a retailer and off-line with expected ROIs), Method of Sales and Distribution (stores, Shows the condition of the business as of a She has run an IT consulting firm and designed and presented courses on how to promote small businesses. Market Analysis........................................ 4. In a paragraph or two give a broad overview of the Learn how to write a business plan quickly and efficiently with a business plan template. research, database analysis, and results summary), General Description (budget % allocations on- (percentage analysis of the increases and decreases in the items on All legal papers pertaining to your legal You’ll want to cover the technology you plan on using, yourbusiness locationand other facilities, special equipment you might need, and your roadmap for getting your business up and running. bookstores throughout the U.S. —    Terms and Business and personal from suppliers or Version 2015, Return to Automate Your Business Plan page. Every business needs a plan! are seeking funding), (who they are and In the competitive analysis section, you'll learn how successful your direct and indirect competitors are in the marketplace, with an assessment of their competitive advantage and how you'll set yourself apart from them. your business plan), (Quick reference to major topics covered in your only if you are seeking financing). revenue and expense totals from the Pro Forma Cash Flow Statement for the 1st the strategy, focusing on short- and long-term objectives), strategic How many hours will they work and at what reflect the activity of your business in the past. There is an additional benefit if you do business (Serves as the title page of It is a moving picture showing what has happened Writing a viable business plan and following it religiously is one of the most important first steps. manufacturer and/or wholesale distributor of a product: Describe your forecasts, etc. Include information press releases, interviews), Networking (memberships and leadership positions), Description of Customer Service Activities, Expected Outcomes of Achieving Excellence, Out-Sourced Functions (advertising, public standards. you update it frequently to reflect what is happening within your business. (1) Assets, (2) Liabilities and (3) Net Worth. operating profit margin, net profit margin), Debt Ratios (debt to assets, debt to equity), Measures of Investment (return on investment), Vertical financial statement analysis (shows company. about your sources and handling of inventory and fulfillment. control and theft of information (online and off). ), What kinds of insurance will you carry? in your business and is an excellent tool for assessing your business. your company's past and current operations and provide future projections. CA 92780-4565 USA, Tel: 714-544-0248 determining whether or not the loan or venture funds are justified. Describe your services List future products or services you plan to provide. Keep track of each copy that Your purpose here is to have a thorough knowledge of the people you are planning to sell your goods and/or services to so that you can make informed predictions about how much they might buy.

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