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Write A Bplan
Writing a
business plan is one of the most important aspects of
starting a business in today's every changing environment.
Why is writing a
business plan so important?
This is the question
you will need to ask yourself over and over again. And once
you come up with the answer that is right for your home
based business, you will be ready to get started...
Starting a business
in today's ever changing environment is a challenge in
itself. So many entrepreneurs are jumping into business
ownership without first planning their new venture. The
importance of planning your business cannot be over
emphasized.
By taking an unbiased
look at your business, you can identify areas of weaknesses
and strengths that you might otherwise overlook. Planning
can mean the difference between your business being
successful or your business being a failure.
The idea of a plan is to help keep you
mentally focused. In a sense it is sort of like a goal.
You write it down, follow it and make changes and updates as
needed.
This is so that you can keep everything in proper
perspective, because without a step by step business
plan, there is no way you can keep your business running
successfully, unless
you are just a super lucky person…
What are the chances of that being
true? Not Much.
Writing A business plan is simply the process you'll
use to organize your business goals and strategies. It
is a written expression of your business ideas. And, it
also provides information needed for others to evaluate your
business. A thorough business plan can help if you are
seeking assistance from a financial lender.
It will let the lender know that you are serious, and also
let them know that you are working and planning for your
business to ultimately be successful.
There are several organizations that
offer free or low cost
assistance in preparing a
business plan:
Local University
Outreach Center
Local University Extension Office
Small Business Development Center
Service Corps of Retired Executives (SCORE)
Women Business Center
Most cities have these or similar organizations. Look in
your local white pages or contact your local government
office for help locating them.
When it comes to
preparing your business plan, you are going to organize it
to fit your particular (business) circumstances. A business
plan should be one of the first things a start up or new
business should do before you get too involved in your
business. It is best to plan it before you start it.
The things you are going to need to
include in your business plan are as follows:
Cover Sheet
This page should include your company name, contact
information, company logo, company trademark and your
copyright notice.
Table of Contents
Should be one page and
it should give details of the content of your business plan.
Executive Summary
This is summing up the purpose or a brief statement or
account covering the substance or main points of your
business.
What type of business is it?
What is your product or service?
State your company's goals.
State your company's objectives.
What is your business history?
Mission Statement
This is the description of your business. In about a
paragraph or less you mention your reason for being in
existence.
Marketing Plan
This is how you plan to
market your business. You will need to explain:
How will your company differ from your competitors?
Who your customers are?
Who is your market?
Is it wholesale or retail?
How long will this market need your product?
What are the characteristics of your average customer?
What are the environmental factors of your business?
Who is your competition?
What competitive advantage do you have over your
competitors?
What is the best way you plan to sell your product or
service?
How will you sell your product or service?
How will you promote and market your product or service?
Product or Service
These are the products or
services your business supply to your customers.
Operations
This is how you plan to actually run the day-to-day
operations, bills and customer service of your business.
Who are the employees of your business?
What are their credentials?
How does the business make money?
How do you price your product or service?
Describe what inventory, raw materials and supplies the
business uses.
List your supplies and supplier.
How easy or difficult is it to obtain supplies?
Are their prices steady and dependable?
Information On Your Business
This is general information about your business formation.
What is your form (sole proprietorship, partnership,
Limited Liability Company or Corporation)?
State all of your business licenses.
State your business zoning requirements.
State your business insurance requirements.
Have your building codes been complied with?
Have health codes been complied with?
Describe any other laws and regulations that affect your
business.
List trademarks, patents, licenses and copyrights that
should be checked for legality.
Financial Plan
This is how and where you plan to get money to get your
business started and running.
How will you finance your business?
How will you manage your finances?
Describe what needs to be financed.
Where will your finances come from?
Financial Statement
This is a financial report that includes:
Balance sheet
Income statement
Accounts Receivable
Accounts Payable
Debt Schedule
Reconciliation of net worth
This should be included for new and existing businesses,
project the following financial statement for the next three
years (monthly for the 1st year, annually for 2nd
and the 3rd).
Operating (Or Income)
Statement
This should include an explanation of sales, expenses and
profits.
Balance Sheet
Reconciliation of Net Worth
Cash Flow with Explanation
Break-Even Analysis
Appendices
Include testimonials
from present and potential customers research clips
miscellaneous charts ad graph.
Your Business Plan should convey your businesses over all
goals. It should also entail the core values of this
business. It should be written in a manner to help your
business succeed today, tomorrow and in the far future.
So What Are The Steps To Get Started Writing Your Business Plan?
TLManage.com has put together a three fold process to help you get
your business plan written in an expedient amount of time.
The first fold of the process is to work on and complete the
TLManage.com Business
Plan Work Shop. This is a printable worksheet that will ensure that you
keep notes and write your plan correctly.
The second fold of the process is to review the
TLManagecom Sample
Business Plan. This plan will help you write your Business Plan
in the correct manner.
The third fold of the process is to review the
TLManage.com Business
Plan Checklist, it will make sure you have not forgotten anything that should be
included in your business plan.
After you have completed the
TLManage.com Three Fold Business Plan
Process, you will be ready to write your business plan to help
you succeed in business in today's ever changing tough business environment.
Click here»» Writing A
Business Plan
Writing a
business plan is one of the most important aspects
of starting a business in
today's every changing environment.
Why is writing a business plan so
important? The first fold...
Click here»» Business Plan
Sample
This Sample Business Plan will help you
write your business plan in the correct manner. You will get to see
what a business plan really looks like. And also see how it can help you. The second fold...
Click here»»
Business
Plan Checklist
Business
Plan Checklist, will make sure you have not forgotten anything that should be
included in you business plan.
The third fold...
How To Write A Business Plan…
Made Easy
Everything banks, lenders and the SBA look for! Produce your business plan
quickly and easily... For entrepreneurs and
small-business owners.
Find
Out More...
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