Business Plan Calculators
Sample Cash Flow in Excel - Must be created to fit your business.
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Video Advice on Creating a Business Plan - You don't need to buy product sold here. Follow the advice and use MS Word and Excel Spreadsheet. The Sample Cash Flow shown above if done properly, is sufficient for the financials. Have your CPA review the plan and work with the tax consequences. We help clients greatly with business plan creation. An appointment is required.
Services are free and confidential.
Video Advice on Creating a Business Plan - You don't need to buy product sold here. Follow the advice and use MS Word and Excel Spreadsheet. The Sample Cash Flow shown above if done properly, is sufficient for the financials. Have your CPA review the plan and work with the tax consequences. We help clients greatly with business plan creation. An appointment is required.
Services are free and confidential.
4 Key Items Your Have in Your Plan
- A complete description of your company that reader will fully understand.
- A financial model. Start-up costs. Financial Assumptions – Your $$$ investment and the amount you need to borrow or get from investors.
- What are your milestones. Stepping stones to success.
- Why are you uniquely qualified to succeed.
SCORE offers a wealth of templates for your use.
Here is the link for Business Plan Templates.
New Features in Excel 2013 video
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SPREADSHEETS FOR BUSINESS DECISIONS
Business
Planning & Financial Statements Template Gallery
May 22, 2014
How to write a mission statement in 5 easy steps
by Tim Berry
How do you make sure your company's mission statement isn't a stereotypically awful one? Over the decades I've spent reading, writing, and evaluating business plans, I've come up with a process for developing a useful mission statement, and it boils down to five steps. Read more »
Why introverts make great
entrepreneurs
by Brian Eckert
Most people wouldn't assume introverts are the type to thrive in the fast-paced, aggressive business world. This thinking, however, is quickly changing. Read more »
6 reasons your business will fail (and how to avoid them)
by Mike Kamo
Only half of new businesses survive for the first five years, and only one-third of new businesses are able to survive for 10 years. What gives? Well, the businesses that aren't making it are failing for six avoidable reasons.Read more »
by Brian Eckert
Most people wouldn't assume introverts are the type to thrive in the fast-paced, aggressive business world. This thinking, however, is quickly changing. Read more »
6 reasons your business will fail (and how to avoid them)
by Mike Kamo
Only half of new businesses survive for the first five years, and only one-third of new businesses are able to survive for 10 years. What gives? Well, the businesses that aren't making it are failing for six avoidable reasons.Read more »
If there's anything I can do for you, just let me know @MommyCEO.
All the best, Sabrina Parsons
CEO, Palo Alto Software
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All the best, Sabrina Parsons
CEO, Palo Alto Software
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SIMPLE BUSINESS PLAN Outline/Overview
A less complicated format for a
business plan. The key focus of any business plan is the existence of a
market and how the company will attract that market for revenue generation.
The marketing section of the plan validates the existence of a core
market and quantifies the revenue generation. Without this you have
nothing.
The KIS (Keep it Simple) Business
Plan
I. Executive Summary Keep
It Short!
One and a half pages, emphasizing your professional (as well as other principals in the business), the business concept, products, customer base, marketing, approach, competition and past (if any) or projected (realistic) sales income. What contingencies do you have if the plan fails?
One and a half pages, emphasizing your professional (as well as other principals in the business), the business concept, products, customer base, marketing, approach, competition and past (if any) or projected (realistic) sales income. What contingencies do you have if the plan fails?
State how much money you need to
borrow ( if any)? How much money is being put up by principals and/or
others? What is the role of the others in the business? What is
your collateral and its appraised market value? How do you plan to pay
back the loan?
II. Business Profile
One page that states: Legal
structure of the business (e.g., proprietorship, subchapter, S. corporation,
etc.) as well as the educational and professional backgrounds of management and
principal stakeholders. Brief history of the company (if any) and /or related
history of principals. List the company banker, accountant, and legal
counsel, industry, or government regulations that impact your operation.
Include an organization chart ( on separate page, if necessary).
Write a primary objective that is
both quantitative and qualitative and can be reasonably accomplished in a given
time frame, What makes the product/service desirable? Develop strategies that
cover the four P’s of marketing above. Market analysis should cover both sales
and industry market potential in both dollars and volume. Describe, in some
detail, the features and benefits of the product/service, competitors and
customers. Sales forecasts or revenue should be conservative. and tied
closely to available resources and justifiable.
IV. Financial Statements
Start-Up costs: licenses,
equipment, inventory, remodeling, deposits, etc. SHow a break-even
analysis: how many units must be sold to cover fixed and variable costs.
Current personal balance sheet should show: assets, liabilities, and net worth.
Include past personal/business income statements for the past three
years. Produce pro-forma income statments: anticipateed sales, expenses,
and net profit or loss projected over the next three years. Pro-forma
balance sheets should cover: anticipated assets, liabilities and net worth of
business.
“WHEN COMPLETED WE WILL REVIEW YOUR BUSINESS PLAN DRAFT AND WE WILL HELP YOU COMPLETE IT
