Also, many have wonderful ideas but don't know how to finance it and they are faced on how to developed a business plan that No Banks would resist
After brainstorming on an idea or vision, it has to pass through the Business plan Development process, whereby you provide specific information on a business idea to the entrepreneur, investors and financial Institutions.
Follow the step by step outlined in this content and be sure of presenting a Bankable Business Plan
INTRODUCTION TO BUSINESS PLAN
A Business Plan is a comprehensive and technically written planning document which clearly describes the objective of an existing or proposed business applying for financial assistance. The plan ootlines what and how and from where the resouces are needed.
A document of direction for the proposed business outlining the various assets to be purchased and strategies to start and sustain it
A document that describes an organizations current status and plans for several years into the future. It generally projects future opportunities for the organization and maps the financial, operations, marketing, and organizational strategies that will enable the organization to achieve its goals.
WHAT DOES A BUSINESS PLAN DOES
Project future opportunities for the business
Identify markets
Identify customers
Maps the marketing strategies
Maps the operational strategies
Maps the organizational and management strategies
Projects expenditures and financies required
Project revenue and cost over a specific period of time
CONTENT OF A BUSINESS PLAN
Table of contents
Executive Summary
General Overview of the Business
Marketing Plan
Operational/ Production plan
Management and Organization Plan
Personal Financial Statememt
Startup Expenses and Capitalization
Financial Plan
Others
Appendices
FRONT PAGE OF A BUSINESS PLAN
Business Plan
For
- Owners
- Your Business Name
- Address line1
- Address line 2
- City, Zip code
- Telephone
- Fax
TO BE CONTINUED IN SERIES TWO
