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You agree that the papers written by BookMyEssay. Academic Writing Services. Get a Free Quote. Attach Files. July 16, by Sia Benett General. What is a Business Plan? Even the professional business plan writers like BookMyEssay have business plan examples in these key versions: Shortened Business Plan : These plans are made by keeping specific purpose and recipient in mind. So it is important to figure out what to keep and what not to keep in the plan to make the cut.
So, this is the shorter version of the normal business plan. It is normally pages long. It includes an executive summary, financials, the information on the person to whom the plan is being pitched. In-Depth Business Plan : As the name suggests, it gives the recipient the in and out about your business. This business plan is very important when you want to seek funds, attract employees, or trying to work with professionals, or simply act as a guide. Operational Business Plan : This business plan is generated for internal purposes only.
It is not distributed to anybody except the employees and professionals working on the behalf of the company. An operational business plan focuses on the goals, vision, mission of the company so that all the departments stay aligned. Previous post. Next post. Get Guaranteed Higher Grades.
Let's chat. We Write For Following Countries. It is a key tool in discovery, process, and strategic planning. By creating a business plan, you are writing the narrative of your small business and will be able to clearly share your vision with potential investors, new employees and suppliers. We suggest completing each section of the business plan after you complete the correlating session in the course. This business plan is a universal model suitable for all types of business, which you can customize to fit your circumstances.
MOBI provides leading topics, questions and suggestions in each section to guide you. On the cover page replace the MOBI spark with your own logo and provide your business name, personal name and date. Complete each section using the suggestions and questions as guidance. You can type directly over the provided content or delete it as you complete it. Once you complete your business plan, be sure that key stakeholders review it.
Business plans are not static; they will change as your business and the business environment changes around you. Session 1 : Describe your customer profile and why customers want or need your product or service. Session 1 : Explain the unique qualities or circumstances concerning your product or service that will enable you to maintain profitable pricing.
Session 2 : Describe convincingly that you are passionately committed to your new business and have the realism to make inevitable hard choices. Session 2 : Describe your work experience in the business you plan to start including a list of your skills and knowledge, which will be required in your business. Why is a home-based or freelance business the right choice for you? Session 3 : Characteristics of your home-based or freelance business: 1. What are the benefits of operating your business at home or on a freelance basis?
What characteristics of your business make it a good home-based business? What kind of business insurance is available to you for limiting your liability? Where will you get it? See Session 7: Business Insurance for more information. Are there any applicable legal restrictions to using your home for a business? For example, special zoning or HOA restrictions? The home-based and freelance business readiness template. Session 3 : Have you completed the readiness template? What items do you have yet to complete?
Session 3 : Will your new business have a website or a web store? How will you create them? Session 3 : Do you plan to use social media to market your new business? Which platforms e. Facebook, Instagram will you use? What is your budget for this marketing effort? Maintaining a work-life balance. Session 3 : How will you maintain a work-life balance with your home-based or freelance business?
How many hours per week will you commit to the business? Will you have established work hours dedicated to your business? Will you set weekly or monthly goals? Session 4 : Provide a chart or spreadsheet showing all of the sources of your start-up capital. Explain any government assistance or loan guarantee programs you intend to apply for. Prepare a cash flow projection and pro forma income statement. If applicable, show how funds will be used to repay lenders.
Be conservative in your forecasts. Session 5 : Explain the form of business organization you intend to use and why it is best for your business. Session 5 : List the names of your lawyer, accountant, insurance agent and any other professionals. Make a comprehensive list of all licenses and permits you will need to do business in your area. List the business insurance policies you intend to buy to support your business.
Estimate the cost of the insurance. Include any other risk management strategies you intend to utilize. Provide a list of the primary means of communication with clients, customers, employees, and professional support. Consider, review and evaluate the best communication tools, online resources, and equipment that will be best for your business. Estimate the equipment, resources and tools on and offline , and the ongoing annual cost of the communication methods including cellular network access, and internet access.
Describe how the business or franchise is connected to the vision you outlined in Section 2. Investigate the marketplace. Interview other franchisees and competitors. Make the case that the market is strong enough to support your acquisition. Prepare a plan for the acquisition. The plan should include the following:. Describe the source of capital for the acquisition and the form of the acquisition equity as opposed to assets. Prepare a list of your needs and preferences for a new location, including an estimate of future requirements.
Session 11 : Furnish, as a separate exhibit of your starting balance sheet and projected income statements for the first six months to one year. Session 11 : Provide a separate exhibit of your one year cash flow analysis including estimated sales, all costs and capital investments. Session 11 : Explain your: Intended internal controls and cash controls, check signing policy, strategy for controlling shrinkage and dishonesty and control of incoming merchandise.
Session 12 : Describe in detail how you plan to sell your products or services online.