Business Plan Development for the Young Professional
|
|
- Arthur Gardner
- 8 years ago
- Views:
Transcription
1 Business Plan Development for the Young Professional Valdosta State University Small Business Development Center Ruby Riesinger Area Director/Business Consultant
2 Beginning Notes The business plan is a road map on an entrepreneurial journey. The plan should be written using the 3 rd person figure of speech. The plan must be realistic, credible, and compelling. The plan communicates the company s readiness and professionalism.
3 5 Ways to Ruin a Plan 1. Failure to consider outside influences: competition, industry trends, economic environment. 2. Lack of market research: over-estimating market size; failure to define target market. 3. Unsubstantiated and/or unrealistic financial assumptions. 4. Unprofessional appearance of plan: illogical format; spelling & grammar errors. 5. Lack of understanding plan.
4 Business Plan has 3 Sections 1. Narrative pages, concise, using headlines, graphs, and bullets. 2. Financial Projections 3. Appendix Based on facts & research; justify all the numbers. Management resumes, market research and data sources, floor plan, sample marketing materials, contracts, historical financials, personal financial statements, tax returns.
5 Key Elements of Narrative Section 1. Executive Summary 2. Company 3. Management 4. Operations 5. Target Market 6. Marketing Plan 7. Competition
6 Executive Summary Concise explanation of business: product, services, company. Management Team: short bios of key managers. Target Market: market size; market need; demographic profile. Marketing Plan: how will company penetrate market and retain customers? Competition: indirect and direct competitors. Competitive Advantage: what your company does better/different from competition. Financial Highlights.
7 Can you explain your business idea in the time it takes to get from the lobby to the fifth floor? Elevator Pitch
8 The Company Date of Formation. Legal Structure. Office Location. History and Accomplishments, if applicable. Competitive Advantage: describe industry and how your company is uniquely qualified to succeed. Provide examples: superior management; proprietary technology; outstanding systems.
9 Management Description of key team members. Owners/Manager s Experience present with entrepreneurial perspective. Who will be responsible for each functional area of the business? Outside resources Attorney, Banker, CPA (ABC s). Advisory Board use to fill in management gaps.
10 Management Personnel Start-up personnel needs. How will you find these people? Skills and training. Compensation. Consider including a staffing worksheet: 1)job roles; 2) # of employees in each role; 3)pay rate/range.
11 Operations How will products/services be produced or obtained? How will service be provided to the customer after the sale? List key suppliers. Discuss inventory and bookkeeping system.
12 Target Market Define target market: Who they are. For example: single, college educated professional woman, aged 35-50, with annual income levels from $50,000 and above. Where they are. Provide details about the geographic area you are going to serve. For example: Neighborhood? City? Region? Country? Size of market. # of those potential customers is large enough to sustain your business. What they want. Those potential customers value what you offer and are ready to buy.
13 Target Market Market Research: validate that a market exists for your product and/or service. (Utilize primary and secondary research methods.) Demographic Information: include demographic data (maps, reports, charts) and discuss how this information supports your business strategy. Market Trends: highlight trends in your industry that reflect positively on your business strategy.
14 Marketing The Four P s Product and Services Price Promotion Place
15 Marketing Product and Services Describe each product line Product features Product benefits
16 Marketing Price What is your pricing strategy? Is your pricing consistent with your product? How does your pricing compare to the competition? Why will customers pay your price?
17 Marketing Promotion Advertising: print, internet, TV, radio Public Relations Direct Mail Sales Promotions
18 Marketing Place/Distribution How will you deliver your product to the customer? What is the primary distribution method? What other distribution methods are offered?
19 Marketing Place/Distribution Does the business address enhance desired perception? Is the facility owned or leased? Any build-outs or improvements needed? Describe property, surrounding area, and why this is a good location for the business.
20 Competition Direct competitors. Indirect competitors. Competitive Advantage (particularly with respect to direct competitors ). Avoid statements such as There is no competition.
21 Financial Projection Objectives of the financial plan: 1. Establish profit potential of business given reasonable assumptions. 2. Determine capital needs of how it will be used. 3. Demonstrate that the business can generate cash to operate and repay loans.
22 Steps in Financial Projections 1. Estimate sales by month. 2. Calculate gross profit percentage by product line. 3. Determine amount of inventory. 4. Determine average collection period. 5. Determine how fast vendors must be paid.
23 Steps in Financial Projections 6. Estimate fixed asset requirements by month. 7. List repayment schedule for existing loans. 8. Estimate any start-up, one-time, or unusual expenses. 9. Estimate fixed expenses by month.
24 Financial Projection Statements Income Statement Balance Sheet Cash Flow
25 Income Statement Includes revenues & cost of sales. Includes selling, general & administrative expenses. Some cash outflows are not included, i.e. principal payments on loans. Not all expenses are cash outflows, i.e. depreciation.
26 Estimating Sales Talk with vendors. Check out industry averages or competitors. Estimate by product category. Estimate annual sales broken down into monthly expectations don t forget about seasonal fluctuations. Estimate average daily sales or traffic.
27 How to Estimate Expenses Quotes Insurance Property and Casualty General Liability Business Interruption Health
28 Labor Estimates 112 hours/week *4.3 weeks/month*$8/hour = $ /month
29 Sample Income Statement Projection Sales $100,000 Cost of Goods Sold $50,000 Gross Margin $50,000 SG&A ($30,000) Interest ($6,000) Depreciation ($2,000) Net Profit before Taxes $12,000
30 Balance Sheet Includes what the business owns (assets), what the business owes (liabilities), and book value of the business (equity).
31 Balance Sheet Assets Cash 5,000 Inventory 5,000 Furniture 1,000 Equipment 5,000 Improvements 10,000 Total Assets $26,000 Liabilities Acct. Payable 7,500 Bank Loan 10,000 Owner Equity Retained Earnings 8,500 Total L&OE $26,000
32 Cash Flow Projections The most important of all the projected financial statements. Business owners must have a fundamental understanding of what cash flow is an how cash flow works. CAUTION: Failure to adequately understand cash flow can be fatal to a business.
33 Cash Flow Projections Includes all cash coming into the business. Includes all cash leaving the business. Obviously, a business cannot operate in the absence of cash. Must be included as part of monthly and annual projections.
34 Financial Plan Income Statement answers: How much profit will the business make? When will the profits be made? Balance Sheet answers: How much of a business do owners own? How much do creditors own? Can funds be borrowed? Cash Flow Statement answers: When does a business begin to cash flow? How much cash will the business generate?
35 Financial Plan Caution: It is important that the owner have ownership of the financial projections. Projections should be prepared and presented on a monthly basis for the first three years. Understand the impact of any business cycle!
36 Sources of Money Total Project Cost: How much is needed? Equity Injection: How much will the owner invest?
37 Sources and Uses of Funds Sources Investment $8,500 Bank Loan 10,000 Trade Credit 7,500 TOTAL $26,000 Uses Improvements $10,000 Furniture & Equipment 6,000 Working Capital 10,000 TOTAL $26,000
38 Appendix Management resumes, job descriptions, and professional certifications. Personal tax returns. Personal financial statements. Resume. Personal credit report. Important legal documents: copies of leases, business licenses, contracts, and others. Letters of intent.
39 Appendix Company specific profiles: financial, trends, competitive intelligence, management team. Industry overview: financials, market size, companies, trends, trade associations. Market research: competitive landscape, market share, statistics, consumer data. Demographics: populations, spending, lifestyles income, business data relevant to target market. Literature: articles on relevant business topics.
40 Compelling Solutions by the SBDC Financial Projections Valuation Components Business Assessments Business Plan Overviews Operational Policies International Trade Acquisition Federal and State Regulation Compliance Strategic Planning Loan Packaging Procurement Sources of Capital Succession Planning Investor Presentations Certifications Cash Flow Analyses Marketing Plans and Research Consulting sessions are free of charge and scheduled by appointments.
41 Questions???
42 Thank You!! Ruby C. Riesinger, MBA Area Director/Business Consultant Valdosta State University Small Business Development Center
Title Writing A Business Plan
Title Writing A Business Plan This A Business is where Plan the helps Paragraph you evaluate Should the Startasdfa feasibility of a new business idea in an objective, critical, and unemotional way. It
More informationWriting a Business Plan
Writing a Business Plan Small Business Development Center Georgia State University 404-651-3550 web: www.gsu.edu/sbdc Writing a Business Plan Georgia State SBDC 1 Why Write a Business Plan? A Business
More informationBusiness Plan Guidelines
Business Plan Guidelines The following Business Plan Format checklist is meant as a guideline only listing the most important sections of the business plan in the order in which they will likely appear
More informationWHY WRITE A BUSINESS PLAN?
KANSAS SMALL BUSINESS DEVELOPMENT CENTER PITTSBURG STATE UNIVERSITY PITTSBURG, KS 66762 PHONE: 620 235 4920; FAX: 620 235 4919 e mail: ksbdc@pittstate.edu WHY WRITE A BUSINESS PLAN? A business plan is
More informationBUSINESS PLAN GUIDELINES START MY OWN BUSINESS
BUSINESS PLAN GUIDELINES START MY OWN BUSINESS 1. Cover Page and Table of Contents The cover page of your business plan should include contact information such as your name, the name of your business,
More informationBusiness Plan Outline
Business Plan Outline Submitted To: The Community Development Transportation Lending Services, Inc., CDTLS Insert your Business Logo Here (if you have one) Insert Your Business Name Here Phone Number Here
More informationHow to Write a Business Plan
How to Write a Business Plan Small Business Development Center (SBDC) A well-written comprehensive business plan forms the basis for the success of any business venture. The business plan is a written
More informationBusiness Plan Guide for a Small Business
Business Plan Guide for a Small Business A Business Plan is a written document that describes the path of your business venture. It describes what you want to do and how you plan to do it, usually covering
More informationI. Executive Summary. II. The Business and its Product/Services
Business Plan Outline UW Oshkosh Small Business Development Center Tel. 1-800-232-8939 (In Oshkosh, (920) 424-1453) Web Site: www.wisconsinsbdc.org/oshkosh There are a variety of styles and formats used
More informationA PRACTICAL GUIDE TO WRITING A BUSINESS PLAN
A PRACTICAL GUIDE TO WRITING A BUSINESS PLAN Louisiana Small Business Development Center At Southeastern Louisiana University 1514 Martens Drive Hammond, LA 70401 Phone: (985) 549-3831 Fax: (985) 549-2127
More informationBusiness Plans & Financial Statements
Business Plans & Financial Statements Prepared by Dr. Merle Rhoades, Director Small Business Development Center Morgan Community College Agritourism Spring, 2008 BUSINESS PLANS A tool to lead you down
More informationHow to Write an Effective Business Plan
How to Write an Effective Business Plan A good business plan is an invaluable tool for any business owner, whether you are just starting your new enterprise, expanding or changing strategic direction.
More informationPLANNING FOR SUCCESS P a g e 0
PLANNING FOR SUCCESS P a g e 0 PLANNING FOR SUCCESS P a g e 1 Planning for Success: Your Guide to Preparing a Business and Marketing Plan This guide is designed to help you put together a comprehensive,
More informationWhat is a business plan?
What is a business plan? A business plan is the presentation of an idea for a new business. When a person (or group) is planning to open a business, there is a great deal of research that must be done
More informationTAKING THE MYSTERY OUT OF FINANCE
TAKING THE MYSTERY OUT OF FINANCE Presented By: Eva Brown, Director of Access to Capital 312 853 3477 x 560 OBJECTIVES Determine how much money you need to start/expand your business. Determine your ability
More informationBusiness Plan Template
Business Plan Template Why have a Business Plan? The real value of your business plan is to empower you in a systematic way to comprehend the dynamics of your business. It enables you to review your business
More informationBusiness Plan Template
Staunton Creative Community Fund 10 Byers Street, Staunton, VA 24401 540-213-0333 www.stauntonfund.com courtney@stauntonfund.com Business Plan Template So you have an amazing, innovative idea for a new
More informationBUSINESS PLAN TEMPLATE
PARRY SOUND AREA COMMUNITY BUSINESS & DEVELOPMENT CENTRE INC. A Community Futures Development Corporation 1A Church Street, Parry Sound, ON P2A 1Y2 Telephone: (705)746-4455 Toll Free: 1-888-746-4455 Fax:
More informationHow To Prepare A Business Plan
How To Prepare A Business Plan A Step By Step Guide North Central Development P.O. Box 1208 Thompson, Manitoba R8N 1P1 Phone: 204 677 1490 Toll Free: 1 888 847 7878 Fax: 204 778 5672 E mail: ncd@northcentraldevelopment.ca
More informationThe Basics of Accounting ACCT 201
The Basics of Accounting ACCT 201 Content Accounting definition Accounting equation Accounting elements Asset, Liabilities, & Equity Transactions Accounts Receivable vs Accounts Payable Retained Earnings
More informationKey points to remember when using this template:
Writing a business plan is hard work. One professional estimates it s as hard as writing a novel. To assist you in preparing your plan, we ve prepared the following Business Plan Questionnaire. Please
More informationTom Serwatka, Business Advisor MV Small Business Development Center SUNY Institute of Technology serwatt@sunyit.edu 315-792-7557
Tom Serwatka, Business Advisor MV Small Business Development Center SUNY Institute of Technology serwatt@sunyit.edu 315-792-7557 1 Objectives of Presentation To walk you through the steps needed to create
More informationFinancial Plan. A) Estimated One-Time Financial Requirements. Part One
Financial Plan The Financial Plan is perhaps one of the most important components of your Business Plan (see Business Plan Handout). Not only is it essential if you are seeking external financing it is
More informationIpx!up!hfu!uif Dsfeju!zpv!Eftfswf
Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,
More informationBusiness Plan Guide. NYS Small Business Development Center. Small Business Development Center. Farmingdale State College
NYS Small Business Development Center Farmingdale State College Business Plan Guide Small Business Development Center The SBDC is a program supported by the U.S. Small business administration and extended
More informationChapter 9 E-Commerce: Digital Markets, Digital Goods
1 Chapter 9 E-Commerce: Digital Markets, Digital Goods LEARNING TRACK #: 2: BUILD BUSINESS PLAN There are lots of different ways to lay out a business plan. The sample
More informationBUSINESS NEEDS ASSESSMENT
BUSINESS NEEDS ASSESSMENT Client Name: Phone Number: Client Number: Date Conducted: LEGAL FORM OF OWNERSHIP Under what form of ownership is the firm now operating? If more than one owner exists, does a
More informationPerformance Review for Electricity Now
Performance Review for Electricity Now For the period ending 03/31/2008 Provided By Mark Dashkewytch 780-963-5783 Report prepared for: Electricity Now Industry: 23821 - Electrical Contractors Revenue:
More informationBUSINESS PLAN (NAME OF COMPANY) (ADDRESS) (ADDRESS) (PHONE NUMBER) Established : (Date) Contact person: (Name); (Position)
(Logo if available) BUSINESS PLAN (NAME OF COMPANY) (ADDRESS) (ADDRESS) (PHONE NUMBER) Established : (Date) Contact person: (Name); (Position) (Date of Application) (Copy of copies distributed) This business
More informationIt s Time to Write Your Business Plan By Jim Mulligan
It s Time to Write Your Business Plan By Jim Mulligan If you re looking to start a business, the thought of developing a business plan might seem daunting. Some even question the value of spending time
More informationBusiness Plan Workbook
Business Plan Workbook Developed by the staff of the Niagara County Community College Small Business Development Center 3111 Saunders Settlement Rd Sanborn, NY 14132 7162102515 www.niagarasbdc.org Call
More informationBUSINESS PLAN TEMPLATE MANUFACTURING
BUSINESS PLAN TEMPLATE MANUFACTURING COVER SHEET (This highlights how you can be contacted. numbers and email addresses listed are operational.) Ensure that telephone 1. Identify the Business 2. Identify
More informationThe Business Plan. What financial information do I need to include? You should obtain and be prepared to reference:
The Business Plan What is a Business Plan? The Business Plan is a clearly written analysis of your company. It explains the industry in which you compete, your company s goals & objectives, and your plan
More informationThe Nature of Accounting Systems
Basic Accounting & Budgeting February 4, 2009 The Nature of Accounting Systems Accounting is the process of recording, classifying, summarizing, reporting and interpreting information about the economic
More informationBusiness Plan Outline
Business Plan Outline This document is designed to: 1. Describe what a business plan is 2. Include thought-provoking questions that will help you design a plan that for your business to layout a blueprint
More information===============================
Business Plan Pages: 09 Work Al. Izzi / 131 Ellison Street / Paterson / 973-754-8695 / Correo Electronico izzaji@aol.com =============================== Cover Sheet Business Plan Begin the Plan with a
More informationFinancing Entrepreneurial Ventures Part 1 Financial Plan & Statements
Financing Entrepreneurial Ventures Part 1 Financial Plan & Statements Barbara Peitsch Program Director, Univ. of Michigan Peter Scott Professor of Entrepreneurship/Consultant August 2015 Economic Empowerment
More informationBusiness Planning Guide. Inventing new ways to succeed by planning your way to success
Business Planning Guide Inventing new ways to succeed by planning your way to success Why should I create a Business Plan? Develops a rational, critical examination of the business project The finished
More informationU.S. SMALL BUSINESS ADMINISTRATION 8(a) BUSINESS PLAN SBA STATEMENT ON REPRESENTATIVES AND FEES
U.S. SMALL BUSINESS ADMINISTRATION 8(a) BUSINESS PLAN OMB Approval No.: 3245-0331 Expiration Date: 08/31/2007 NAME OF COMPANY: ADDRESS OF COMPANY: CONTACT PERSON: TELEPHONE NO.: SBA STATEMENT ON REPRESENTATIVES
More informationHow to Create a Business Plan
How to Create a Business Plan A formal business plan is important. It is needed when obtaining financing; serves as a guide for the policies, strategies, and tactics needed for running your business; can
More informationBusiness Plan Outline
Business Plan Outline This document is a supplement to practicepro's managing the finances of your practice booklet. It reviews the steps you can take to better manage the finances of your practice, and
More informationBUILDING A BUSINESS PLAN
BUILDING A BUSINESS PLAN Northern Savings Commercial Services Whether your business is just starting out or you re ready for a change, Northern Savings Commercial Services is an ideal partner and can provide
More informationIntroduction to Accounting
Introduction to Accounting Text File Slide 1 Introduction to Accounting Welcome to SBA s online training course, Introduction to Accounting. This program is a product of the agency s Small Business Training
More informationBusiness Plan Outline
Business Plan Outline www./business-plan/ Why do I need a business plan? The business plan is a key component for a successful business. A plan is vital because it: Provides an organized system for researching
More informationInsufficient Cash On Hand A Frequent Reason For Needing A Business Loan
Insufficient Cash On Hand A Frequent Reason For Needing A Business Loan 2 Cash flow is cash into or out of a business When cash inflows exceed cash outflows, it is generally indicative of good financial
More informationSmall-business owners who need
BUSINESS PLANS ARE MORE IMPORTANT NOW THAN EVER Jenni Jeras 1 Small-business owners who need financing are smart to do their homework, and that includes creating a comprehensive business plan. Lenders
More information13:11. Statement of Cash Flows. Chapter. Illustration. Statement of Cash Flows- summary. Overview
Overview Statement of Cash Flows Chapter 23 BECAUSE of the SCF, users of the financial statements get the best of both worlds! SCF bridges the gap created by paper income resulting from applying an accrual
More informationFinancial. Management FOR A SMALL BUSINESS
Financial Management FOR A SMALL BUSINESS 1 Agenda Welcome, Pre-Test, Agenda, and Learning Objectives Benefits of Financial Management Budgeting Bookkeeping Financial Statements Business Financing Key
More informationIowa Small Business Loan Support Program Application
ISBLSP Eligibility Requirements: The Borrower represents that: (a) The Borrower is an entity with 500 or less employees; the loan proceeds must be used for a business purpose. A business purpose includes,
More informationHow To Get A Loan For A Startup Business
Helping Your Prospective Businesses Get the Funding They Need Connie Edwards Reminders Connie Edwards Business Consultant Small Business Development Center Savannah, Georgia cedwards@georgiasbdc.org 912-651-3200
More informationDeveloping Business Plans and Funding Proposals
The best source of information and training on Aboriginal finance and management The Aboriginal Finance and Management Capacity Development Series Developing Business Plans and Funding Proposals A Practical
More informationDeveloping Financial Statements
New York StartUP! Business Plan Competition Developing Financial Statements Presented by Paisley Demby, CEO PBN Consulting, LLC www.pbnconsulting.com 1 Invitation to Tweet #2015NYStartUp PaisleyDemby Contents
More informationSMALL BUSINESS PLANNER
SMALL BUSINESS PLANNER As a business owner, you will spend a great deal of time considering your business, how it will look in the beginning and how it will look in the future. Writing a business plan
More informationOUTLINE OF A BUSINESS PLAN PLAN SUMMARY
APPENDIX B OUTLINE OF A BUSINESS PLAN A business plan is a description of your proposed or existing business and should include information on the business' products or services, markets, marketing strategies,
More information4321 Queen Street, Niagara Falls, ON L2E 2K9 905.356.7521 x 5004 biz@niagarafalls.ca. Business Plan Guide. Overview
4321 Queen Street, Niagara Falls, ON L2E 2K9 905.356.7521 x 5004 biz@niagarafalls.ca Business Plan Guide Overview A business plan is used for more than just securing financing it is a key document that
More informationBusiness Plan Template
A BUSINESS PLAN IS NOT REQUIRED FOR PM s YOUTH BUSINESS LOAN SCHEME. HOWEVER, SMEDA RECOMMENDS ALL POTENTIAL ENTREPRENEURS TO PREPARE IT TO UNDERSTAND THE PROFIT POTENTIAL OF ANY PROJECT. Business Plan
More informationBusiness Plan for a Startup Business
Page 1 of 31 Business Plan for a Startup Business The business plan consists of a narrative and several financial worksheets. The narrative template is the body of the business plan. It contains more than
More informationENTREPRENEURIAL FINANCE: Strategy Valuation and Deal Structure
ENTREPRENEURIAL FINANCE: Strategy Valuation and Deal Structure Chapter 7. Methods of Financial Forecasting: Integrated Financial Modeling Questions and Problems 1. The cash cycle is the time between when
More informationBusiness Plan Guide. 4. What are the advantages and disadvantages of the legal form you have chosen?
Business Plan Guide Name: Company Name: Department: Address: Phone: E-Mail: Description of business 1. What exactly is your product or service? Be specific. 2. Why do you want to start or expand your own
More informationCHAPTER 2 REVIEW OF THE ACCOUNTING PROCESS. Lecture Outline
CHAPTER 2 REVIEW OF THE ACCOUNTING PROCESS Overview Chapter 1 explained that the primary means of conveying financial information to investors, creditors, and other external users is through financial
More informationBusiness Plan Template Telling the story of your business
Business Plan Template Telling the story of your business Business focus: Retention driven 1 Business Plan Template Introduction The big day is here! You are about to begin the writing of your business
More informationSMALL BUSINESS DEVELOPMENT CENTER RM. 032
SMALL BUSINESS DEVELOPMENT CENTER RM. 032 FINANCING THROUGH COMMERCIAL BANKS Revised January, 2013 Adapted from: National Federation of Independent Business report Steps to Small Business Financing Jeffrey
More informationEssential Guide for Business Plan Creation Basic 12 step guide for executing a successful Business Plan
Essential Guide for Business Plan Creation Basic 12 step guide for executing a successful Business Plan EBP Business Plan Designer Written by Matthew Parfitt EBP International Sales Executive The Essential
More informationBUSINESS PLAN GUIDE. SCORE 2000 Commerce Way Bozeman, Montana 59715 www.scorebozeman.org
BUSINESS PLAN GUIDE SCORE 2000 Commerce Way Bozeman, Montana 59715 www.scorebozeman.org Montana WBC, SBDC and SCORE are funded in part through a Cooperative Agreement with the U.S. Small Business Administration
More informationLearning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.
0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting
More informationBusiness Planning: Some General Considerations
Business Planning: Some General Considerations Barriers to Business Success The US Bank reported in August 2003 their top reasons why businesses fail or do not reach their top potential. The percentage
More informationBusiness Planning Worksheets
Business Planning Worksheets Copyright 2003-2010 Lamar University SBDC Table of Contents Introductory Section... 1 Cover Sheet... 1 Executive Summary... 1 Narrative Section... 2 Description of the Business...
More informationAPPENDIX Business Description Current Position of Company Financing Request
APPENDIX SAMPLE BUSINESS PLAN Introduction Business Description A brief description of your business; product type, industry and target market and competitive position as compared to your rivals Current
More informationIn this chapter, we build on the basic knowledge of how businesses
03-Seidman.qxd 5/15/04 11:52 AM Page 41 3 An Introduction to Business Financial Statements In this chapter, we build on the basic knowledge of how businesses are financed by looking at how firms organize
More informationFunding Your Business
Page 12 County of Bucks Community Services Division Lynn T. Bush, Executive Director and County Chief Clerk Community and Business Development Department Vitor A. Vicente, Director Neshaminy Manor Center
More informationPlease NOTE This example report is for a manufacturing company; however, we can address a similar report for any industry sector.
Please NOTE This example report is for a manufacturing company; however, we can address a similar report for any industry sector. Performance Review For the period ended 12/31/2013 Provided By Holbrook
More informationCASH FLOW STATEMENT (AND FINANCIAL STATEMENT)
CASH FLOW STATEMENT (AND FINANCIAL STATEMENT) - At the most fundamental level, firms do two different things: (i) They generate cash (ii) They spend it. Cash is generated by selling a product, an asset
More informationThe Basic Framework of Budgeting
Master Budgeting 1 The Basic Framework of Budgeting A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of
More informationBUSINESS PLAN OUTLINE
BUSINESS PLAN OUTLINE I. NARRATIVE 1. Cover Sheet Name of business, owner(s), address, phone and fax numbers, web site address. 2. Table of Contents The Table of Contents outlines each section and where
More informationForecasting Financial Requirements
CHAPTER OUTLINE Spotlight: Planning for Growth (http://www.builtny.com) 1 The Purpose and Need for Financial Forecasting Describe the purpose and need for financial forecasting. Purpose of pro forma financial
More informationTable of Contents: (Optional)
The Importance of a Business Plan Developing a business plan is the first step to a successful business. This guide will provide an outline in organizing your effort to gather and evaluate information
More informationBusiness Plan. Your Business Name
Business Plan Your Business Name Owners Address City, ST ZIP Code Telephone Fax E-Mail Date: Page 2 II. Executive Summary Write this section last. We suggest that you make it one page long; two pages max.
More informationPerformance Review. Sample Company
Performance Review Sample Company For the period ended 12/31/2017 Provided By Page 1 / 18 This report is designed to assist you in your business' development. Below you will find your overall ranking,
More informationSTATEMENT OF CASH FLOWS AND WORKING CAPITAL ANALYSIS
C H A P T E R 1 0 STATEMENT OF CASH FLOWS AND WORKING CAPITAL ANALYSIS I N T R O D U C T I O N Historically, profit-oriented businesses have used the accrual basis of accounting in which the income statement,
More informationSouth Eastern Economic Development SEED Corporation
South Eastern Economic Development SEED Corporation 80 Dean Street (Route 44), Taunton, MA 02780 SEED is a non profit finance corporation certified and accredited by the U.S. Small Business Administration
More informationModel is used to calculate Financial Statements on a Quarterly Basis for a One Year period. Model provides the ability to:
ADDITIONAL REFERENCES AND FINANCIAL MODELS: For more information about financial statements and terms refer to e book, How to Read Financial Statements. Advanced financial models providing 5 year projections
More informationBusiness Plan Workbook
Business Plan Workbook TABLE OF CONTENTS 1.0 OVERVIEW... 3 2.0 DESCRIPTION OF THE BUSINESS... 5 3.0 OWNERSHIP & MANAGEMENT... 7 4.0 MARKET & INDUSTRY OVERVIEW... 8 5.0 MARKETING PLAN & STRATEGY... 11 6.0
More informationBUSINESS PLAN TEMPLATE
iplanner.net Small Business Plans Online BUSINESS PLAN TEMPLATE For a start-up company 18/01/2012 12:33:19(GMT) Executive Summary... 3 Business Overview... 3 Products and Services... 3 Sales Forecast...
More informationUnderstanding A Firm s Financial Statements
CHAPTER OUTLINE Spotlight: J&S Construction Company (http://www.jsconstruction.com) 1 The Lemonade Kids Financial statement (accounting statements) reports of a firm s financial performance and resources,
More informationBusiness Plan Planning Service Financial Analyses and Projections
Business Plan Planning Service Financial Analyses and Projections Financials Included With Every Ceo Resource Plan These are the financial analyses and projections that are included with all plans developed
More informationComponents Of A Business Plan
1 Components Of A Business Plan Cover Page Table of Contents Statement of Purpose Description of the Business Competition Market Strategy Location Management Personnel Application and Expected Effect of
More informationBUYING OR SELLING A BUSINESS: A CHECKLIST FOR SUCCESSFULLY NEGOTIATING PRICE
BUYING OR SELLING A BUSINESS: A CHECKLIST FOR SUCCESSFULLY NEGOTIATING PRICE Phil Thompson Business Lawyer, Corporate Counsel www.thompsonlaw.ca A COMMON GOAL AND COMMON UNDERSTANDINGS Agreed: Our common
More informationFinancial Terms & Calculations
Financial Terms & Calculations So much about business and its management requires knowledge and information as to financial measurements. Unfortunately these key terms and ratios are often misunderstood
More informationFREQUENTLY ASKED QUESTIONS
FREQUENTLY ASKED QUESTIONS 1. Do I have what it takes to own/manage a small business? You will be your own most important asset, so an objective appraisal of your strengths and weaknesses is essential.
More informationBUSINESS PLAN OUTLINE
I - BUISNESS PLAN OUTLINE INTRODUCTION TO THE BUSINESS PLAN & CONCEPT Before starting a new business or expanding an existing business, you should develop a Business Plan. The Business Plan will serve
More informationFinancial Statements and Ratios: Notes
Financial Statements and Ratios: Notes 1. Uses of the income statement for evaluation Investors use the income statement to help judge their return on investment and creditors (lenders) use it to help
More informationFILL-IN-THE-BLANKS BUSINESS PLAN OUTLINE
FILL-IN-THE-BLANKS BUSINESS PLAN OUTLINE TABLE OF CONTENTS I. EXECUTIVE SUMMARY QUESTION Statement of Purpose 1 Legal Structure 2 Owners 3 Location 4 Business Concept 5 Mission Statement 6 Vision Statement
More informationNew York StartUP! 2013 Business Plan Competition Company Profile
New York StartUP! 2013 Business Plan Competition Company Profile Company Name: Year Founded: Contact Name: Address: City State Zip: Target Market: Customer Problem: Email: p: f: URL: Industry: # Employees:
More informationYour business plan. helping you with your business planning and forecasting. Name of business. Date when completed
Your business plan helping you with your business planning and forecasting Name of business Date when completed Please read the following notes before completing the form. (You may wish to talk to an accountant
More informationAccounts Payable are the total amounts your business owes its suppliers for goods and services purchased.
Accounts Payable are the total amounts your business owes its suppliers for goods and services purchased. Accounts Receivable are the total amounts customers owe your business for goods or services sold
More informationModule 2: Preparing for Capital Venture Financing Financial Forecasting Methods TABLE OF CONTENTS
Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods 1.0 FINANCIAL FORECASTING METHODS 1.01 Introduction
More informationHow to Assess Your Financial Planning and Loan Proposals By BizMove Management Training Institute
How to Assess Your Financial Planning and Loan Proposals By BizMove Management Training Institute Other free books by BizMove that may interest you: Free starting a business books Free management skills
More informationSmall Business Entrepreneurship Lesson Objectives
Small Business Entrepreneurship Lesson Unit 1: OVERVIEW OF SMALL BUSINESS ENTREPRENEURSHIP What Is Entrepreneurship? Define and list examples of entrepreneurs. Explain the difference between a product-based
More informationBreakeven Analysis. Breakeven for Services.
Dollars and Sense Introduction Your dream is to operate a profitable business and make a good living. Before you open, however, you want some indication that your business will be profitable, if not immediately
More informationAccounting Practice Questions
Accounting Practice Questions 1) The fundamental accounting equation states that: a) assets = liabilities + owner s equity b) assets = liabilities + drawings c) assets = liabilities + net income d) assets
More information