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Basic Business Plan Look

Basic Business Plan Look

The collection of ideas and facts needed for your business can take the maximum time; however, you are also learning more about the industry. You will start to arrange the information because it leads the reader from point to point in a plausible order.

As you build on each area, you will see what is top-notch and relevant. I have read many business plans and have given you an essential business plan outline below. Most bankers and venture capitalist will expect to see your road map in this arrangement. Remember, the more difficult to understand your business, the more facts will be appropriate and much more highly detailed. As the reader goes over your business plan, they will want to see certain items. These parts contain cover sheet, statement of purpose, and table of contents. The statement of purpose might be the most distinguished because it gives an overview and basic principles to the plan; sometimes, this is usually the first part read. I like the meat and potatoes of the plan to be branched into two sections; the financials and description of business. You will need to introduce the applicable documents to verify your information. As you describe your business, be sure to explain what the business is, why it will succeed, and how it all works. Be sure to include all the financial information because capital is always my biggest component.

The business plan is the significant step to get your business up and running. It may seem like a daunting burden, but certainly accomplishable. I am currently looking for some sample business plans, so check back often over at Free Business Help Center.

Business Plan Format

COVER SHEET – Name of business, names of principals, address and phone number of business.
STATEMENT OF PURPOSE
TABLE OF CONTENTS
I. THE BUSINESS
A. Description of the Business
B. Market
C. Competition
D. Operations
E. Location(s)
F. Management
G. Personnel
H. Application & Expected Effect of Loan/Investment
I. Development Schedule
J. Summary
II. FINANCIAL DATA
A. Sources and Applications of Funding
B. Capital Equipment List
C. Balance Sheet
D. Break-even Analysis
E. Income Projections (Profit and Loss Statements)
1. Three-year Summary
2. Detail by Month (First Year)
3. Detail by Quarter (Second and Third Years)
4. Notes of Explanation
F. Pro-Forma Cash Flow
1. Three-year Summary
2. Detail by Month (First Year)v
3. Detail by Quarter (Second and Third Years)
4. Notes of Explanation
G. Historical Financial Reports for Existing Business
1. Balance Sheets for Past Three Years
2. Income Statements for Past Three Years
3. Tax Returns
III. SUPPORTING DOCUMENTS
Personal resumes, job descriptions, personal financial statements, credit reports, letters of reference, letters of intent, copies of leases, contracts, legal documents, and anything else relevant to the plan.

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