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Amy
Joined: Mon Sep 13, 2010 12:01 am Posts: 10 Location: UK
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Business Plan Format
Hello, Here are some suggested topics you can tailor into your plan:
* A Vision Statement: This will be a concise outline of your business purpose and goals.
* The People: By far, the most important ingredient for your success will be yourself. Focus on how your prior experiences will be applicable to your new business. Prepare a résumé of yourself and one for each person who will be involved with you in starting the business. Be factual and avoid hype. This part of your Business Plan will be read very carefully by those with whom you will be having relationships, including lenders, investors and vendors. Templates for preparing résumés are available in your library, Kinko's, bookstores and the Internet under "résumés."
However, you cannot be someone who you are not. If you lack the ability to perform a key function, include this in your business plan. For example, if you lack the ability to train staff, include an explanation how you will compensate for this deficiency. You could add a partner to your plan (discussed in Section 4) or plan to hire key people who will provide skills you don't have. Include biographies of all your intended management. * Your Business Profile: Define and describe your intended business and exactly how you plan to go about it. Try to stay focused on the specialized market you intend to serve.
* Economic Assessment: Provide a complete assessment of the economic environment in which your business will become a part. Explain how your business will be appropriate for the regulatory agencies and demographics with which you will be dealing. If appropriate, provide demographic studies and traffic flow data normally available from local planning departments.
* Cash flow assessment: Include a one-year cash flow that will incorporate your capital requirements (covered in Session 8). Include your assessment of what could go wrong and how you would plan to handle problems.
* Include your marketing plan and expansion plans.
* Refer to helpful government Web sites such as the Small Business Administration. See "Resources" on the home page of this Web site.
Thank you Amy
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Mon Sep 13, 2010 3:14 pm |
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Amery
Joined: Mon Sep 13, 2010 5:48 pm Posts: 9 Location: uk
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Re: Business Plan Format
Hi
Company Purpose
* Define the company/business in a single declarative sentence.
Problem
* Describe the pain of the customer (or the customer’s customer). * Outline how the customer addresses the issue today.
Solution
* Demonstrate your company’s value proposition to make the customer’s life better. * Show where your product physically sits. * Provide use cases.
Why Now
* Set-up the historical evolution of your category. * Define recent trends that make your solution possible.
Market Size
* Identify/profile the customer you cater to. * Calculate the TAM (top down), SAM (bottoms up) and SOM.
Thanks
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Mon Sep 13, 2010 6:00 pm |
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Lisa3447
Joined: Tue Sep 14, 2010 2:30 pm Posts: 3 Location: UK
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Re: Business Plan Format
Hello,
If you do need a standard business plan to seek funding — as opposed to a plan-as-you-go approach for running your business, which I describe below — there are predictable contents of a standard business plan outline.
Thank you lisa
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Tue Sep 14, 2010 2:56 pm |
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