Use our cash flow template to get your numbers in line to apply for start up capital!
You may need to tailor your plan to the target audience You may want the plan to 'sell' the business. For example, to your bank manager or investors. Specific issues such as the directors' personal track records may need to be addressed.
Ask the intended recipient first. Content of a business plan Base the plan on detailed information where possible. But do not include all the detail in the plan.
Leave the detail for business plan finance template keep or marketing plans. Keep the plan short Focus on what the reader needs to know. Cut out any waffle.
Make sure there are no spelling mistakes. Detailed business plans are often quickly shelved, because they are difficult to use on an ongoing basis. Include any detailed information you need in an appendix For example, you might want: Base your business plan on reality, or it may be counterproductive Over-optimistic sales forecasts can lead to increased overheads followed by a cash flow crisis and drastic cost cutting, all of which can seriously damage morale.
Be realistic, even if you are selling the business to a third party. Financiers, business partners and employees will see through over-optimistic plans that ignore weaknesses or threats. Management credibility can be damaged.
Make the plan professional Put a cover on it. Include a contents page, with page and section numbering.
Start with an executive summary. This summarises the key points, starting with the purpose of the business plan. Use charts, if helpful. Even if the plan is for internal use only, write it as if it were aimed at an outsider Include company or product literature as an appendix.
Give details about the history and current status of the business. Review the plan Read through the plan from your target reader's point of view. For example, try to imagine the impression the plan will make on your bank manager.
What might go wrong e. Concentrate on the executive summary. People often make provisional judgements based on the executive summary.
Only then do they read the rest of the plan to confirm their decision. Show the plan to friends and expert advisers and ask for comments.
Which parts did they not understand or find unconvincing? Business and products Explain the history of the business When did it start trading and what progress has it made to date? Who owned the business originally? What is the current ownership structure?
What are its disadvantages and how will you address these? What are the planned developments? Explain any key features of the industry For example, any special regulations, whether the industry is dominated by a few large companies or any major changes in technology.
Market and competition Describe the market in which you sell Highlight the segments of the market in which you compete. What are the key characteristics of customers in each segment? How large is each market segment? What is your market share?
What are the important trends, such as market growth or changing tastes? Explain the reasons behind the trend. What are the key drivers affecting each important market segment?A Business Plan is not simply a description of your business. It includes market analysis, marketing strategies, financial goals, funding and liability information, and company structure details.
It's at the end of your business plan, but the financial plan section is the section that determines whether or not your business idea is viable, and is a key component in determining whether or not your plan is going to be able to attract any investment in your business idea..
Basically, the financial plan section consists of three financial statements, the income statement, the cash flow. A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope. Small Business Budget Template. If you run a small business or are self-employed, use this small business budget template to track and manage your finances.
This basic budget planner has one sheet for tracking income sources, one for expense types, and another for cash transactions. Easily track monthly income and expenses and calculate total profits. It's at the end of your business plan, but the financial plan section is the section that determines whether or not your business idea is viable, and is a key component in determining whether or not your plan is going to be able to attract any investment in your business idea.
Basically, the financial plan section consists of three financial statements, the income statement, the cash flow projection and the balance . Learn what's needed to prepare an emergency management plan.
Read our guide on emergency management planning, and then download our free emergency management template to get started.