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Create A Business Plan:
Writing A Business
Plan:
Writing a business plan should be thought of as creating a
blueprint for success for your business. An effective business
plan tells a great story, weaving an exciting plot that captivates
the reader. You want 10 to 40 pages of brilliant strategies
and dazzling statistics.
This gives a guide for your management team to follow and
effectively communicates the company direction to your staff.
The business plan provides a considered and logical framework
within which a company can develop and pursue its strategies
over the next 3-5 years.
If you are trying to obtain financing for a business startup
or growing your existing business, it is even more important
to have a professionally written plan. This is a very important
document that often serves as the company's first introduction
to investors. Local banks can tell you what they look for
in a plan, and an accountant can help you prepare necessary
financial statements. Eagle can act as your business startup
consultant and help you thru the process.
A the document should be 50 pages or less. It needs to be
written in a concise and focused manner. Appropriate color
graphics and an attractive cover always set a positive tone.
Usually, less is more. Utilize charts, graphs, tables, and
pictures to convey information.
Planning
Process:
The planning process will not be intimidating if you
keep these points in mind:
- Planning ahead for your new business can mean the difference
between success and failure.
- Use an informal plan consisting of three to six pages
to convince relatives and friends to back your venture.
Be sure to cover the first eight points cited below.
- To approach bankers, individual investors, and venture
capitalists, prepare a more formal written business plan.
It shouldn't be longer than 40 pages and should be organized
as follows:
- Executive Summary. A two-page, succinct explanation
of your business and its activities, with an overview
of your key objectives and business goals.
- Business Description. Describes your perception
of the company. How will your business grow and profit?
- The Market and Competition. Largest section.
Honestly acknowledges competition and describes how
your company will differ from other providers.
- The Product or Service. Describes the core
of your business.
- Selling. Explains how you will access the marketplace.
Will you advertise, attend trade shows, establish a
Web site?
- Management and Personnel. Explains how you
will staff and manage your business. It includes one-paragraph
profiles or biographies-of yourself, partners, and any
other key managers.
- Financial Data. Contains the balance sheet,
profit-and-loss statement, break-even chart, and cash
flow analysis.
- Investment. Based on the cash flow, it includes
what the investor will receive as a return.
- Appendices. Includes testimonials from potential
customers, research clips, miscellaneous charts and
graphs.
Create
A Successful Business Plan:
To create a successful business plan, consider these
three questions:
- Which type of business plan (informal, less than 10 pages,
or more formal, up to 40 pages) is most appropriate for
you? Why?
- Outline the sections of your plan (see list above). How
long should each be?
- Identify areas that require more work on your part, as
well as areas that you are ready to put into writing.
Eagle
Business Solutions can help you grow your small business!
Need help with your plan? Would you like more information
about our Business Plan service?
Contact us by e-mail to set up
a meeting. The initial meeting is free so we can best understand
your needs and you can get to know us and how we work.
Need
writing help? WhiteSmoke's ALL-IN-ONE writing solution. SPECIAL
PROMOTION: 25% Discount! CLICK HERE 
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