Yet, the most overlooked step to starting a successful business is creating a business plan. Your business plan provides a map of the future.
It is a key tool in discovery, process, and strategic planning. By creating a business plan, you are writing the narrative of your small business and will be able to clearly share your vision with potential investors, new employees and suppliers. We suggest completing each section of the business plan after you complete the correlating session in the course.
This business plan is a universal model suitable for all types of business, which you can customize to fit your circumstances. MOBI provides leading topics, questions and suggestions in each section to guide you. On the cover page replace the MOBI spark with your own logo and provide your business name, personal name and date. Complete each section using the suggestions and questions as guidance. You can type directly over the provided content or delete it as you complete it. Business Plan Presentation Plan About you complete your business plan, be sure that key stakeholders review it.
Business plans are not static; they will change as your business and the business environment changes around you. Describe your customer profile and why customers want or need your product click service.
Explain the unique qualities or circumstances concerning your product or service that will enable you to maintain profitable pricing. Describe convincingly that you are passionately committed to your new business and have the realism to make inevitable hard choices.
Describe your work experience in the business you plan to start including a list of your skills and knowledge, which will be required in your business. Describe your considerations for selecting your home business and include: How do you plan to market and sell your goods or services. Are there any read article legal restrictions to using your home for a business?
For example, special zoning or licensing restrictions? Describe if the business will be a part-time or full-time activity for you. Be specific about how many hours you will be able to commit to the business and when? If business is part-time describe your conflict of interest policy and how you will separate your outside job responsibilities from your home-based business responsibilities. Describe the personnel and partners who will be involved in operating the business including any family members.
Describe their participation and responsibilities. Provide a chart or spreadsheet showing all of the sources of your start-up capital. Explain any government assistance or loan guarantee programs you intend to apply for.
Prepare a cash flow projection and pro forma income statement. If applicable, show how funds will be used to repay lenders. Be conservative in your forecasts. Explain the form of business organization you intend to use and why it is best for your business. List the names of your lawyer, accountant, insurance agent and any other professionals. Business Plan Presentation Plan About a comprehensive list of all licenses Business Plan Presentation Plan About permits you will need to do business in your area.
List the business insurance policies you intend to buy to support your business. Estimate the cost of the Book Report On Oliver Twist Essay. Include any other risk management strategies you intend to utilize.
Provide a list of the primary Business Plan Presentation Plan About of communication with clients, customers, employees, and professional support. Estimate the equipment, specialized software, and the ongoing annual cost of the communication methods. Your list should include mobile telephones, computers, tablets, cellular network access, and internet access with estimated data transfer requirements. Describe how the business or franchise is connected to the vision you outlined in section 2.
Interview other franchisees and competitors. Make the case that the market is strong enough to support your acquisition. Prepare a plan for the acquisition. The plan should include the following: Describe the read article of capital for the acquisition and the form of the acquisition equity as opposed to assets.
Prepare a list of your needs and preferences for a new location, including an estimate of future requirements. Furnish, as a separate exhibit of your starting balance article source and projected income statements for the first six months to one year.
Provide a separate exhibit of your one year cash flow analysis including estimated sales, all costs and Business Plan Presentation Plan About investments. Intended internal controls and cash controls, check signing policy, strategy for controlling shrinkage and dishonesty and Business Plan Presentation Plan About of incoming merchandise. Describe in detail how you plan to use the Internet in marketing your product or service. Provide a detailed breakdown of the costs involved in creating, operating and maintaining your e-commerce activities.
Describe how your best competitors utilize e-commerce and your strategy to improve on their practices. Research and identify the key 3 rd party E-commerce sites that you will list your product or service on. What markets do they serve? What is your expectation of sales? Identify the key social media platforms you will use to drive traffic to your online store and how you plan to engage your customers.
Describe your overall marketing and sales strategy including how you plan to get and retain customers. Include a copy of the job application form and describe the screening procedures you intend to use. Identify the labor attorney who will be advising you on employee matters.
You might include the development of profitable pilot operation, sources of financing, cash flow, an accounting system in place, incentive compensation plan for managers, benefits package and policies, the economics of scale. Describe scenarios of adverse conditions and how you intend to respond to them. Prepare a cash flow projection based on lowered expectations and show how and where you would reduce costs to maintain liquidity.
The sections will stay separated by page breaks so that your document is well-formatted. Describe your product or service. Targeted Market and Customers Session 1: Is the market for your product or service go here or shrinking?
Pricing Power Session 1: Personal Background and Education Credentials Session 2: Describe yourself, including your education. Your experience in the business?
Why will the business work as a home-based business? Your competition in this business.
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Your expectations regarding growth and why. Conflict of interest management Session 3: Operating personnel Session 3: List your sources of referrals to lending institutions. Professional Consultants Session 5: List what licenses you will require to go into business. Your list should include the following: Name under which you intend to do business DBA Limitations on use of property in your area e.
International and national intellectual property protection through trademark, copyright, and patents. A list of the documents and records you will inspect: A list of professionals who will assist you in the process: A review of licenses, permits, and certifications.
A timeline for the acquisition. Identify alternative locations for purchase or lease. Site criteria analysis MOBI template 2.
The Metolius Agency graphic design business plan web plan summary. The Metolius Agency is a graphics design and visual communications firm concentrating on corporate. This article is part of our “Business Startup Guide” – a curated list of our articles that will get you up and running in no time! Milestones The Milestones. Cambridge Strategy Group marketing strategy business plan financial plan. Cambridge Strategy Group provides targeted marketing and management services to small. Enhance a business plan with step by step guides regarding marketing, finance, investments, and how to plan articles.
Demographic study of the area, if needed. Lease check-off list 4. Estimated annual cost of occupancy as a percent of sales.
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Cash Flow Planning Session Provide a checklist of all expense items for input into your cash flow projection. Analysis of Costs Session What are all of my costs: Internal Controls Session E-Commerce Budgeting Session E-Commerce Competition Session E-Commerce Platforms Session Social Media Session