Daegan Smith

Your Perfect Business Plan

Free small business plan information to help you get started...

Everything here is is to help you write your perfect busines plan.

Free small business plan information to help you get started...

If you plan on receiving third party financing for you home business then creating a small business plan is something that you absolutely must do. Most people starting small businesses do not write out a business plan and from a academic standpoint this is large mistake.

Your business plan is in essence the backbone of your business.

You are going to need to create one especially if you plan on receiving a small business start up loan or grant. No investor will take your request for money seriously unless you can show them a viable business plan. I know you dont know where to start, but dont worry It should not be too tough of a task after reviewing the information found here.

You have two options when creating a small business plan: you can hire a professional to write one out for you or you can create a free small business plan by writing it yourself.

Your small business plan can be simple, all it must do is describe what your business is and where you want it go in the future.

Essential parts of a small business plan:

Title Page:

On this page you include the name of your business, your businesss address, phone number, email address, website URL, and of course your name as well as an other business owner

On the title page you should also include a one page statement explaining why you created your business plan (e.i. why you need money to start for your small business)

Table of contents:

Summary

A sentence or two about each section of your business plan to grab the attention of your potential investors.

Business Description

This section contains the who, what, when, where, why, and how of your small business. Give your companies physical location information, when your business was formed, what type of legal entity your business is formed under, and a brief description of your product or service.

Product or Service Rendered

Explain how your business operates and be as specific as possible.

Your Plan

How are you going to market your product or service? Who are you going to market your product to? Who is your existing competition? Answer these questions in this section of your small business plan.

Day to Day Operational Requirements

What will you do on a day to day basis in your business? What type of equipment will you need? Answer these questions in this section of your small business plan.

Personnel

Who will be the people directly involved in your business? What will they do? If you are going to run a home business you may be the only person directly involved in your business. Explain your role, your background, and what you will have to do to run your business successfully.

Financial Data

To your potential investors this is the MOST important part of your small business plan.

The information that you must include in this section is as follows

• Projected start up cost: How much money are you going to need to get your business started and what are you going to be spending that money on.
• Projected income statement: How much revenue do you expect to produce in your business start up phase?
• Expected profit and loss: Self explanatory
• Projected monthly cash flow: Your cash flow is how much money you earn minus how much you spend.
• Your personal financial statement: Self explanatory
• Supporting Docs: In this section you will want to include any supporting information required for the success of your home business and anything else that directly adds as perspective to your start up plans.

Source: Free Articles from ArticlesFactory.com

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