Let a professional business plan writer create your business plan
There is an old sang that goes, if you fail to plan the you plan to fail. Planning for the launch of a new business venture is one of the most important things you can do not only for the future of your business, but to also keep your personal sanity. Before you spend too much time thinking about your business, you need to sit down and think about yourself. Before writing a business plan you need to write a life plan. Where do you see yourself with this business? Do you have a family and if so, how are you going to manage your time? When is enough….enough?
Before you write a business or hire someone to write your business plan, you need to have a life plan
Once you have come up with your life plan, you can now start thinking about your business plan. When starting to plan for your business, first try to get a feel for your industry. For example, if you are starting a local coffee shop it would be in your best interest to have a few conversations with other business owners that own coffee shops in the area. Ask them questions on foot traffic, seasonal concerns, marketing, etc. Most small business owners want other small business owners to succeed.
When it comes to finally sitting down and writing your business plan you must include the basics.
Executive Summary
An executive summary is the first few pages of a full blown business plan. It pretty much sums up your business and the plan you have for your business in a nutshell. Keep it sweet and to the point.
Marketing Plan
In your marketing plan you are expressing to a bank or lender how you plan on generating revenue dollars. This very well could be one of the most important parts of your business plan. Discuss all marketing verticals in detail so lenders can clearly see how you plan on growing your business.
Financials
Make sure you have past financials if you have them , current financials, and forecasted financials. This will give the lender a nice idea on your personality as a small business owner and how fast you plan on growing.
Resumes
To be approved for a business loan today, a lending provider is going to want to see whom you have chosen to support you in your venture. All resumes of your management team need to be included.
Supporting Documents
If you have titles of incorporation, contract for leased office space, purchase orders for new contracts, include them in your business plan so lenders can clearly see that you are building a nice corporate foundation.
Exit Strategy
How do you plan on getting out of your business? Do you want to sell it, merge with another company, take it public? Come up with a strategy for the end of your time with your business.
Comments
Trackback