business plan should outline the goals of your business and specify
how you plan to achieve those goals. Always review your plan with
a trusted associate, before you approach prospective lenders. Once
you feel comfortable with its content, make an appointment to review
the plan with your lender.
following outline is intended to guide you through the business
planning process. Broken down into six areas, the outline
sets forth the information you’ll need to include in your
business plan. Keep in mind that business plans are flexible
documents that change as your business grows.
Company’s Name, Address, Phone, Fax and E-mail
objective (typically to secure funding to start the
description of your business.
background, including all relevant skills and experience.
on the products and services you will provide.
products or services.
estimated customer demand.
market, including size and locations.
advertising and marketing strategy.
source and amount of initial equity capital.
operating budget for the first year, broken down monthly.
expected return on your investment (often known as ROI).
estimated cash flow for the first year, broken down
income statements and balance sheets for your first
method of personal compensation.
accounting methods and a description of who will keep
the books and any relevant experience.
if” scenarios that outline alternative approaches to
of your day-to-day management strategy.
of your hiring and personnel procedures.
of insurance, lease or rent agreements, and other related
your equipment needs.
of procedures for production and delivery of your products
of your objective, specifying the amount of funds you
of the mission of your business.
expression of your commitment.