A Business Plan Example

Explain your proposed bookkeeping, invoicing, debt collections and other procedures you intend to use.

Commercial lenders and venture capitalists want to see a comprehensive business plan before financing a small business startup or expansion.

The Service Corps of Retired Executives (SCORE) estimates that about seven out of every 10 new businesses that hire employees will survive two years, but only half will still be in business after five years.It is crafted in order to ask for a loan to start a new company or expand an existing one, on the other hand, focuses primarily on the business’s ability to repay the loan on or ahead of schedule.These are just a couple of very different examples of the purpose of a business plan.The Financing section of your business plan details how much capital you’re willing to invest, how much more money you need, and how you plan to spend that money over the course of your business.Include projected net profit, projected turnover, expected loan repayment rate and profitability expectations.Equity investors want to know if dividends are available, the rate at which you expect to realize profits and the distribution or reinvestment of those profits.Retaining a certified public accountant helps ease investor concerns over financial matters.The business plan layout should visually draw the reader’s attention.Separate the information into categories with clear headings.Beating those odds means understanding how to run a business.The Operations section of your business plan details management structure, employee training, communication, production or sales methods and office procedures.

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