How to Create a Business Plan
How to create a business plan the easy way. Free business plan creator tool, Step by step outline plus free templates. Creating a business plan is essential to your success as a business owner. Banks and lending institutions require them as a part of establishing a business bank account and to get loans if you need them.
How to Create a Business Plan
Idea, Plan, Action, Success. (2018)
There are several ways you can create a business plan. You can create one from scratch, if you know the basic elements of a business plan, you can use a business plan outline (see below), use a business plan template or use the SBA business plan creator tool.
Why You Need a Business plan:
When starting a new business there must be a plan. Creating a business plan gives you a clear idea of what your objectives are and how you will achieve them.
How often you should update your Business plan:
A good plan should be updated, at least, every six months.
Use a business plan template or create your own
The easiest way to create your own business plan is using Google docs. You can either use a business plan template if you get to confused on what goes where or if you are too busy to create a business plan. The Business Plan Creator Tool
The Small Business Administration has just released a new tool that will help you create a business plan You may wish to create your own personal more impressive business plan that stands out from the rest:
How to Create a personal Business Plan
The Breakdown of a basic business plan:
The Basic Outline
Description of the business-Answer the Who, what, where, when and why's about your business
Detail by quarters for the second and third year
Documents that should be included in your business plan
Mission statement Vision statement Executive summary Start Up summary.
Summarize how you plan to Start your business
Why You Need a Business plan:
When starting a new business there must be a plan. Creating a business plan gives you a clear idea of what your objectives are and how you will achieve them.
How often you should update your Business plan:
A good plan should be updated, at least, every six months.
Use a business plan template or create your own
The easiest way to create your own business plan is using Google docs. You can either use a business plan template if you get to confused on what goes where or if you are too busy to create a business plan. The Business Plan Creator Tool
The Small Business Administration has just released a new tool that will help you create a business plan You may wish to create your own personal more impressive business plan that stands out from the rest:
How to Create a personal Business Plan
The Breakdown of a basic business plan:
The Basic Outline
- Cover sheet
- Executive summary (Purpose of the business statement
- Table of contents
- Body of the document
Description of the business-Answer the Who, what, where, when and why's about your business
- Marketing-What type of advertising do you plan to use
- Competition-What competitors are in your area
- Operating procedures
- Personnel-Employees that are or will be working for you.
- Business Insurance
- Loan applications
- Capital equipment and supply list
- Balance sheet
- Breakeven analysis
- Profit and loss statements
- Three-year summary
Detail by quarters for the second and third year
- Assumptions upon which projections were based
- Pro-forma cash flow
- Tax returns of principals (partners) for the last three years, include personal financial statements. (all banks have these forms).
- Franchise contract and all supporting documents provided by the franchisor
- Proposed lease or purchase agreements for building space
- Licenses and other legal documents
- Letters of intent from suppliers and other business arrangements
Documents that should be included in your business plan
Mission statement Vision statement Executive summary Start Up summary.
Summarize how you plan to Start your business
- Management summary
- Objectives
- Marketing Analysis
- Risk Management plan
- Products (Goods and services) you produce
- Products you plan to produce (SBA,2012).
Featured Video: How to Write a Business Plan To Start Your Own Business
Best Business Plan Templates
Don't have time to figure out how to format your business plan? Use a template-quick and easy.
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Find out what the basic elements of a business plan are here:
Starting your own business just got easier! Check out these ten easy to do steps that will get you owning and operating your own business!
Find your business niche! Make your business stand out among the competition!
Why you need a Market Analysis for your business.
Find out why you should develop an Investor Pitch
Still not sure if you need a business plan? Find out what a business plan is and why you must have one:
Defining your business-in detail
Starting your own business just got easier! Check out these ten easy to do steps that will get you owning and operating your own business!
Find your business niche! Make your business stand out among the competition!
Why you need a Market Analysis for your business.
Find out why you should develop an Investor Pitch
Still not sure if you need a business plan? Find out what a business plan is and why you must have one:
Defining your business-in detail
Memory Verse
Do not withhold good from those to whom it is due, when it is in your power to do it. Do not say to your neighbor, “Go, and come back, and tomorrow I will give it,” when you have it with you. Prov. 3:27-28
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Contact Us: [email protected]/Contact Owner: [email protected]
Home/Privacy Policy/ Mission statement/Terms of Use/Disclaimer/Become a Member/How to Start Your Own Business/Marketing Your Business/How to Use Social Media for Business/How to Get Business Loans/How to Get Business Grants/Other Websites by Rev. Penny Dean. This website created by Rev. Penny Dean
Contact Us: [email protected]/Contact Owner: [email protected]
References:
1. How To Write a Business Plan To Start Your Own Business. (2018). YouTube. Retrieved 18 August 2018, from https://www.youtube.com/watch?v=Fqch5OrUPvA
2. Image on Pixabay - Idea, Plan, Action, Success. (2018). Pixabay.com. Retrieved 18 August 2018, from https://pixabay.com/en/idea-plan-action-success-concept-1855598/
1. How To Write a Business Plan To Start Your Own Business. (2018). YouTube. Retrieved 18 August 2018, from https://www.youtube.com/watch?v=Fqch5OrUPvA
2. Image on Pixabay - Idea, Plan, Action, Success. (2018). Pixabay.com. Retrieved 18 August 2018, from https://pixabay.com/en/idea-plan-action-success-concept-1855598/
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