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Business Plan Examples

Articles for "financing plans"

How To Write A Good Business Plan Following Easy Steps

A business plan is used to provide guidance for a new or existing business. It is used to outline company goals and strategies, and also provide a blueprint of marketing and financing plans. It provides important information on how to run a company until it reaches its goal.

Usually, investors and lenders want to see a business plan before considering providing an investment capital or a business loan. These people need to know what goals you have set for your company and how you intend to accomplish those. They use business plans to evaluate a business and decide determine whether or not to provide financial backing. A company backed by a strong business plan is a better investment or loan risk than one with a poorly created plan.

==> Click here to learn how to write great business plan!

When creating a business plan, you should research every aspect of your business. You’ll need to become thoroughly knowledgeable about your product or service and daily operations of your company.

When you write a business plan you need to follow a certain format. Your business plan should consist of the following elements:

Write an executive summary. This is one of the most important sections of a business plan. The executive summary should include information about your company, mission statement, summary about the product or service you offer, description of your competitors, revenue and cash requirement. It is an overview of the entire plan.

Provide your company description. Include your company name and address as well as other contact information. Also include the legal structure of your business. Briefly state the purpose of your company and discuss your customer service philosophy.

Describe the products or services you offer or plan to offer. If you have products to sell, include information pertaining to the manufacture of those products. If you offer services describe what kind of services they are.

Provide a detailed description of your target market. Include geographic location and demographics of your primary target market, as well as your target market’s needs. Also discuss your plans for development and distribution, and more.

Provide financial details. This includes financial statements, such an income statement, balance sheet and cash flow statement. An accountant can help you prepare financial statements or you can visit the U.S. Small Business for help.

Introduce your team of managers. Provide information about the management of your business. Describe who runs the business on a day-to-day basis. Discuss your management team’s educations, certifications, experiences, skills that relate to running the business profitably. Do not hesitate to include information about any impressive credentials achieved by your management team.

After writing your business plan, make sure you carefully read through it and correct any typographical errors and grammatical mistakes. You can have someone else go through it also to be sure everything looks good.

==> Click here to learn how to write great business plan!

If you need help with creating a business plan there are many excellent resources on the Internet that you can use. Business plan templates provide step-by-step instructions for preparing business plans. You may consider using these templates to help you quickly create effective business plans.

Peter

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