This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners. A simple example would be travelers on a long stretch of rural highway need a place to stop and get a quality meal at a reasonable price.
Personal Resumes Include resumes for owners and management. Liquidity Analysis net working capital, current ratio, quick ratio Profitability Analysis gross profit margin, 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 relationship of components in a single financial statement Horizontal financial statement analysis percentage analysis of the increases and decreases in the items on comparative financial statement Business Financial History This is a summary of financial information about your company from its start to the present.
Credit Reports Business and personal from suppliers or wholesalers, credit bureaus, and banks. Security Address security in terms of inventory control and theft of information online and off. Cover Business plan contains Serves as the title page of your business plan Name, address, and phone number of the company.
Externally focused plans target goals that are important to external stakeholders, particularly financial stakeholders. Talk about the stage of development your company has reached and major accomplishments or milestones.
Include legal agreements, utilities forecasts, etc. Measure your projections against what actually happens in your company. Factors driving industry growth should be emphasized. This is a key section if you are seeking funding. Tell How you intend to disperse the loan funds. Summary of Financial Needs needed only if you are seeking financing This is an outline giving the following information: Financial documents are the records used to show past, current, and projected finances.
This section of the business plan is the quantitative interpretation of everything you stated in the organizational and marketing plans. Having a significantly better solution makes the sales process easier. Success comes from identifying a critical, urgent customer need and providing a solution that is significantly better than any others available to the customer.
A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation.
Management Team Prior business success is considered a reliable indicator of future success. It should be no more than 30 to 40 pages in length, excluding supporting documents.
Many times a separate revenue spreadsheet is presented, with detailed forecasts for each product or service and the assumptions used to create the financial models. Once the steps are selected, estimate the financial and human resources needed to accomplish each step. It is of prime interest to the lender and shows how you intend to repay your loan.
It is a moving picture showing what has happened in your business and is an excellent tool for assessing your business. Operational plans describe the goals of an internal organization, working group or department. The most common supporting documents are: What system will you set up for daily accounting?
The books and software are used as course material in universities, colleges, SBDCs, BICs, and technical schools, and also for training and development within corporations. The business plan contains plan also discusses the most viable customer groups, and why they were chosen. Describe your services List future products or services you plan to provide.
A company driven by technological innovation needs different leadership than one driven by customer service. Table of Contents Quick reference to major topics covered in your plan Executive Summary The executive summary is the abstract of your business plan.
It is the blueprint of your business and will provide you with the tools to analyze your operation and implement changes that will increase your sales and, ultimately, your profitability. Financial Statement Analysis In this section you will use your income statements and balance sheets to develop a study of relationships and comparisons of: Balance Sheet Shows the condition of the business as of a fixed date.
Who will you retain for an attorney?Start studying Chapter 6 The Business Plan. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Subpart —The Small Business Subcontracting Program “Master subcontracting plan” means a subcontracting plan that contains all the required elements of an individual subcontracting plan, except goals, and may be incorporated into individual subcontracting plans, provided the master subcontracting plan has been approved.
Aug 20, · What is a business plan? In its simplest form, a business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve those goals. In this article, I’ll explore the sections of a business plan, as well as/5().
This article possibly contains original research. and attractive to someone who is unfamiliar with the business. Writing a good business plan can’t guarantee success, but it can go a long way toward reducing the odds of failure." Presentation.
The executive summary contains highlights of your full business plan. business plan 2 image by pablo from killarney10mile.com Related Articles. 1 Prepare an Executive Summary of a Business Plan. Business plan outline based on Anatomy of a Business Plan and Automate Your Business Plan, used for bank and SBA loan applications.
If your business is new and has not yet begun operations: Contains: (1) Assets, (2) Liabilities and (3) Net Worth.Download