INSTRUCTIONS
FOR THOSE NEEDING HELP WITH A BUSINESS PLAN.
UPLOAD TO US
THE FOLLOWING INFORMATION.
This form should be completed by you and
provides a fill in form for the sample expenses. Only fill in those costs that apply to your
business and add any others that are not listed and do apply to your business. Do some homework to obtain these costs. For
example, speak to an insurance broker, real estate agent, accountant, lawyer
and any other suppliers or service providers you may be dealing with.
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This form
describes the written section of the plan.
Only use those sections that apply to you. Avoid redundancy. Use MS Word or similar program to make it
easy to upload to us. Brevity and to the
point is essential.
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This form is required
by banks and certain lenders. Your
personal net worth is examined to determine if your personal guarantee of
re-payment of loan is viable. Even if
your business is a Corp. or LLC, they will require the personal guarantees of
the shareholders. Do not upload this information to us at this stage.
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Substitute
existing numbers to conform to your business.
Use for each service or product to sell.
This sheet applies to four categories.
If more are needed let us know and we will provide a sheet to
accommodate your situation.
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SHORT FORM OF BUSINESS
PLAN
For a very
simple plan use this form as an example, for text only. Financials as suggested above are still
required.
FOR SAMPLE
PLANS TO FIND SIMILAR TO YOUR OWN, DO A SEARCH AT WWW.BPLANS.COM
DO NOT COPY
BUT USE AN EXAMPLE.
WE WILL
COMPLETE FINANCIALS AFTER YOU UPLOAD THE INFORMATION REQUIRED ABOVE TO US.
BUSINESS PLAN OUTLINE - READ FIRST
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Business
Planning & Financial Statements Template Gallery
BUSINESS PLAN OUTLINE - READ FIRST
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Business
Planning & Financial Statements Template Gallery
For a more expanded choice of templates
What Entrepreneurs Call 'Sweat Equity' the IRS Calls 'Taxable'
Does Your Business Plan
Answer These 6 Questions?
Top 10 Questions Every Business Plan Should Answer
What Entrepreneurs Call 'Sweat Equity' the IRS Calls 'Taxable'
Does Your Business Plan
Answer These 6 Questions?
1) What is the need that your business exists to satisfy?
Every business exists because of some noticeable opportunity
that you have discovered within the market. So you must clearly define the need
and/or problem you are solving with this business.
2) How will your business satisfy the need?
Introduce and describe the business itself. Consider
including a mission or vision statement with objectives detailing how the
business satisfies the need in the market.
3) How does your company differentiate itself?
Describe your business model and competitive advantage. This
will help you to outline how the business will sustain its position within the
market.
4) Who will be the key players in the business?
Name the management team, board and advisers to the
business. Highlight their expertise and experiences.
5) How big is the market you are entering?
Only after understanding the industry you are entering – its
size, attractiveness and profit potential – can you truly justify the
opportunity.
6) Who will you be targeting as customers?
Narrowing down your target customer will help enhance and
define your marketing strategy.
7) What will be your most effective marketing and
promotional strategies?
Once you’ve identified your target client, you’ll need to
develop and implement a strategy on how best to reach them (e.g. PPC,
television, radio, social, etc). And this in large part will be influenced by
where your target client consumes information.
8) What are the economics of your business?
Define your revenue streams including pricing structure,
costs, margins and expenses.
9) How much money is required to get your business started
and generating revenue?
Identify needed capital requirements by determining where
your business stands today, and what is needed in order to move forward. Also, if you are in need of outside funding,
what will be the sources and uses of funds requested.
10) What needs to happen to break-even?
Play around with financial projections and forecasts to
determine the volume of sales needed to cover your expenses and to become
profitable. Include monthly breakdowns
for the first two years.
Whether your objective is to find an investor, get a
business loan or just improve the way you run your business, your business plan
must answer these key questions.
Remember, there is no right or wrong answer, but addressing these
questions will help you build a roadmap for your business. And, of course, the better the map, the
greater the likelihood that you’ll reach your destination!
