Where Can You Find the Best Business Plan Layout?

October 23rd, 2011 by admin No comments »

Creating a business plan is one important step for success; putting that plan into a readable business layout is step two and is almost as important. Many business plans are used to obtain financing from outside sources. A professional looking plan is an indicator of the confidence and competence of the business managers who present the plan to potential investors.

This financial business model demonstrates in words what the business will attempt to do and the layout makes everything more understandable than pages of words strung together. A typical business layout follows an educational format with a cover sheet, contents, and details. If this plan is to be assembled and used on the Internet it is essential to include visual clarity as part of the project.

Writing should be done in short paragraphs for computer use and easy of reading online. There is a temptation to include fancy graphics and images but only essentials should be used and kept to a minimum so the reader will focus on the information. Use bullet lists and indented points for added emphasis and clarity. Using lists and block indentation can help lend some graphic quality to the written document and helps to make reading easier. Go easy on colors and bold type; do not overuse different font capability.

Choose an overall style that fits your type of business. A scientific venture should have a different look than a recreational business layout. If items are long and detailed, small print or contain graphic images simply include them as separate attachments online or in an appendix if printed. Online business plans can include the above items via links within the document or in footnotes. There are business layout software programs than can be used online or for print documents.

9 Basic Components Of A Great Business Plan

October 23rd, 2011 by admin No comments »

A business plan doesn’t have to include fancy charts or perfect sentences to be effective. It can be as simple as something drawn up on the back of a cocktail napkin or as complex as a 100-page document.

In either case, the business plan should contain the following nine basic components.

1. A brief description of the business, the industry, and trends within the industry

You don’t have to conduct hundreds of hours of research to come up this. Simply focus on what your business does, what industry it operates in, and what the major trends are within that industry that could positively or negatively impact your business.

2. A mission statement

Short and sweet, this should include something about your top products or services, the people or businesses you’re targeting, and the primary goals and values of your business. Here’s an example for an upscale hair salon: At Hair Affair, we offer beautiful hair care and styles for those who work or live downtown. When creating a new look or enhancing a familiar one, we are committed to building clients’ self-confidence and ensuring their satisfaction.

3. A bio of the owners, advisors, managers, and/or investors in the company

Don’t go crazy here. Just include the names of the key players and a sentence or two about their skills and management experience. Later on, if need be, you can attach résumés to the business plan.

4. A brief description of the day-to-day operations of the company

Describe how work will flow in and out of your business. If applicable, describe the key vendors/suppliers you’ll rely on, the products and supplies you’ll purchase from them, and the payment terms you’ll set up with them and your customers or clients.

5. Start-up costs

Show much it will take to get the business off the ground and to reach breakeven. Don’t merely quote a big number, break it down into smaller categories of expenses, and detail how you’ll come up with that money. For a simple start-up cost worksheet, visit www.simplebizplanning.com/forms.htm and download the free form that takes you through typical start-up costs, item by item.

6. Cash flow

Include a simple spreadsheet that shows how money will flow in and out of your business. Project out at least one to three years (any further, and the figures tend to be wild guesses). For an easy-to-use cash flow worksheet, visit www.simplebizplanning.com/forms.htm and download the free form.

7. A brief description of what makes your product or service unique

Describe what makes your business stand out in the marketplace. Demonstrate what you offer that differentiates your product or service from the competition.

8. An analysis of competitors

Include a short blurb on your top direct competitors, outline their strengths and weaknesses and show how you stack up against them.

9. Marketing plan and strategy

Sketch out the price points you’ve chosen, the types of marketing you’ll use to connect with potential customers and clients, and your overall strategy for bringing in and retaining business. Be as specific as you can here. » Read more: 9 Basic Components Of A Great Business Plan