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03-01-2005, 03:34 PM
Business Plan Outline (Contact www.MotivatedEntrepreneur.com for all your needs)



The following outline of a typical business plan can serve as a guide. You can adapt it to your specific business. Breaking down the plan into several components helps make drafting it a more manageable task.



Introduction
Give a detailed description of the business and its goals.


Discuss the ownership of the business and the legal structure.


List the skills and experience you bring to the business.


Discuss the advantages you and your business have over your competitors.


Marketing
Discuss the products/services offered.


Identify the customer demand for your product/service.


Identify your market, its size and locations.


Explain how your product/service will be advertised and marketed.


Explain the pricing strategy.

Financial Management
Explain your source and the amount of initial equity capital.


Develop a monthly operating budget for the first year.


Develop an expected return on investment and monthly cash flow for the first year.


Provide projected income statements and balance sheets for a two*year period.


Discuss your break*even point.


Explain your personal balance sheet and method of compensation.


Discuss who will maintain your accounting records and how they will be kept.


Provide "what if" statements that address alternative approaches to any problem that may develop.



Operations

Explain how the business will be managed on a day*to*day basis.


Discuss hiring and personnel procedures.


Discuss insurance, lease or rent agreements, and issues pertinent to your business.


Account for the equipment necessary to produce your products or services.


Account for production and delivery of products and services.

Concluding Statement
Summarize your business goals and objectives and express your commitment to the success of your business.


Motivated Entrepreneur Consulting can help you develop all the tools necessary in order to prepare for successful operation of your business. Visit us today at www.MotivatedEntrepreneur.com

smartmom
01-21-2014, 10:45 AM
I wrote a couple of business plans and learned early on that this was not as easy as I thought it would be. I did a lot of research in my area of expertise and found out that this was much harder than putting together a school report. In writing a plan I learned the importance of even having a plan. Because I have something on paper, I can sort of look back at that plan to see if I am working on my goals. It also made me see all that is required to make my vision happen. In terms of how much money will it take. Also what type of supplies and services would I need to help me with this business. All of the questions are answered in a business plan. If I could have hired someone to do it I would have but I learned that there are templates available online to help people that wish to write their own.

SimplySidy
02-05-2014, 09:54 AM
Nice leads and headings no doubt. But unfortunately as #SmartMom has mentioned above, writing a great business plan (that is foolproof) is not as simple as you have made it look like. I had tried writing out a business plan in 2000 for a Computer Training Institute and this was when I realized that putting the things in words is difficult and more difficult is to get those words turn to reality. Anyways, the lesson I learned was - You should be 100% unbiased and realistic when tying to finding out the answers and should always have contingency or backup plans so that if the main plan fails you should have something to hang on to.

spc97t
02-19-2014, 03:40 PM
Business plans can be quite daunting, but a good business plan can get much-needed funding for a business. Anyone who fears not having enough writing skill to complete a well-written business plan may want to visit a local (or near-by) university for help with writing. A person can often secure such help at a university for either no fee or a small fee.

firelily99
02-27-2014, 01:44 PM
I have written several plans and chances are, after reading the comprehensive work by Guest, that I will actually do another one. hopefully this time I will be more satisfied with my latest plan. Guest did a wonderful job, hope that they come back again soon.

MahaKarthi
08-13-2015, 05:29 AM
The business plan samples can be easily got through online. The only difference is that you have to take only the appropriate steps that will suit your line of business because every business has a thin line of difference with respect to the strategy and implementation.

rvitsentzatou
08-13-2015, 05:58 AM
The business plan samples can be easily got through online. The only difference is that you have to take only the appropriate steps that will suit your line of business because every business has a thin line of difference with respect to the strategy and implementation.

I totally agree with this. There are so many templates available online, however the most important and difficult thing is how are you going to implement all theoretical parameters and build the appropriate strategy that fits in your business. Of course, this also depends on your marketing position.

natalia88
08-25-2015, 02:08 AM
This Thread helpful for new business man, i also learn more form this discussion.

Thanks

sbusinesscoach
10-01-2015, 06:06 AM
Great you have made it really good, but sometimes even after planning you can face some issues. You have given the right idea but sometimes its better to consult with a professional. As they can help on the size of team and cash flow for the business.

campbelljof
10-30-2015, 01:49 AM
I totally agree with this. There are so many templates available online, however the most important and difficult thing is how are you going to implement all theoretical parameters and build the appropriate strategy that fits in your business. Of course, this also depends on your marketing position.

I also agree with this

elisagrace
12-28-2015, 11:25 PM
Hi,
Great advice on business plan. Business plan is very important for the success of any business. This information will be really helpful for new entrepreneurs.
Thanks for the post!!

Cosmo Strategy
01-09-2016, 04:31 AM
Making Business plan is not much easy as u discussed above.it is tedious process and has to do many marketing research for that.providing Business Consulting Services (http://cosmostrategy.com/) from online template may fail as there is lack of research

Marketing Matters
01-09-2016, 09:35 AM
A good tool to help with planning is called XMind. It is software that can help with brainstorming and mapping out ideas. They do offer a paid and free version. I recommend giving it a try if you could use a little organization with your thoughts.

https://www.xmind.net/

donswift90
03-03-2016, 06:28 AM
Your business plan is your compass. It will help you map out a new course. We should know the purpose of writing the plan, how to write the business plan, hightlight the key elements and mose important... Your business plan is a live document. Itís something you'll want to use to pitch for funding, that you should update as you grow and as your business changes, and that you can use to inform and direct your decisions.

SimonMayers
07-22-2017, 03:28 AM
That's great, thanks for sharing the outline of a business plan. A business plan helps:
clarify my business idea
spot potential problems
set out my goals
measure my progress
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Dilan
10-26-2018, 10:00 AM
thank you for the good advice

Legion
10-26-2018, 02:05 PM
Business plans are good, and useful as they provide a clear mission and plan. But the most important thing is, and always will be, to take massive imperfect action. You can adjust a long the way.

Cheers guys,

Brownii
10-30-2018, 05:34 AM
Such articles appear pretty seldom. It's very useful. Thank you! Recently I found this topic https://blog.s-pro.io/how-to-make-sure-that-your-idea-will-work/. Here it's explained how to analyze your idea across the board. I believe it'd be helpful for all the beginners. After all, no harm in trying.

John G. Anai
11-01-2018, 12:26 AM
Its true, business plan is very important for any business. It must be proper. The success and failure of business, all depends upon the plan.

prixdaminl
11-22-2018, 02:45 AM
For any business to be successful, proper plan is very important. If plan is not write and it clearly a wastage of efforts because there are very chances to success of business.

fastincnow
12-03-2018, 05:04 AM
The first section should be a concise overview of your business plan. It should be short, and must be well written. Your goal is to draw readers in so they want to learn more about your company.
This high-level view of your business should explain who you are, how you operate and what your goals are.
Include details about suppliers, product or service costs, and the net revenue expected from the sale of those products or services. Consider adding pictures or diagrams.
Show your industry knowledge, and present conclusions based on thorough market research. Place detailed findings of any studies in an appendix.

WritingPaperSucks
12-12-2018, 04:35 PM
Such an interesting information, I will use your advices.

olivershap18
12-24-2018, 08:16 AM
Make a project plan. Do it on a big piece of paper or a white board - just make a time line and put in the pieces of the puzzle, and draw lines to show what has to be done first (""predecessors""). Think of all the things you need to do - start with product development because that's probably what you're thinking about most at a tactical level. Then change colors and do the same exercise with actually making the product and getting it into the hands of customers. Then change colors and do getting the message out (marketing, sales, PR). Add distribution here if that's part of the issue. If you don't know, then you need help - a partner, or read some books. Then change colors again and do the money. When do you need money (if not for you, then for costs like server hosting). And people, when do you need more hands because you can't do it all fast enough... and then where do those people go? How do you figure out facilities logistics (if any).

That's your first draft. You will probably need to go back and forth at LEAST two times as things you think of impact each other. Need to find a mentor and investor!My was was - Timur Artemev (https://www.biospace.com/article/releases/nyu-langone-medical-center-release-factor-preserves-dna-integrity-in-bacteria-despite-assault-from-antibiotics-/) (you should know him from medicine investment early)

Dilan
12-25-2018, 04:36 PM
Business plan is important for business

Tayra
12-26-2018, 03:47 AM
Business plan is really important if you want to have your own successful business. I wanted my own business before, but then I realized that it was too complicated. There are other, easier ways to make money. You have to wait a long time until your business starts to make a profit. I can say that my earnings is my hobby. I earn money at sports betting. It is really interesting. I analyze different matches in order to make successful bets. It helps to make me good money. There are various sites where you can bet. However, I use https://1xbit.com/en/ . It is the best site for this, and I really like those, what helps me to make money.

souravjns
12-28-2018, 02:33 AM
Thanks for your writing.

I want to start a business where I would have a website.

Should I make a page on my website about business plans? Should I announce my business plans to my upcoming clients?

krishna_vish
01-10-2019, 04:20 AM
A business Plan which one of my friends is having and she shared with me, honestly speaking, He is making an awesome amount of money.

He has a company named Beyond Enough.

Beyond Enough is the official ticketing partner of Imagica (https://www.beyondenough.in/entertainment), Essel World, Water Kingdom, and Wet N Joy. The reason for making huge profits is because the tickets are sold at discounts and at reasonable rates. Apart from that Beyond Enough also have a doorstep salon service named as Beyond Salon.

Source: https://www.beyondenough.in/entertainment

This business plan has been going extremely well.

TreverPill
01-11-2019, 08:34 AM
I can suggest you check in oxagile website.You can decide what software that can help you.Especially in the direction of ruby on rails development (https://www.oxagile.com/key-technologies/ruby-on-rails-development/).

Alexanderpitus
01-11-2019, 02:34 PM
Nice leads, will continue this step by step or need help for that?

Sheeran
01-16-2019, 08:35 AM
I want to start online pharmacy, is it good idea nowadays?

jjackevans
01-17-2019, 09:30 AM
I want to start online pharmacy, is it good idea nowadays?

Online pharmacy is not a bad idea but you must consider lot of things such as getting item to another state if they should be ordered for in a different state. When you are done with that then you plan very well. My idea is to sell supplements from Japan https://bio-japan.net/supplements/ I think they will be interesting for a lot of people.

dnagrowth
01-17-2019, 10:15 PM
Writing a business plan helps you to think more clearly about what you are doing and where you are doing.

It also help you stay organized and remain on track.

Business plan make sure that everyone in your team is aligned with the current and future plans for the business.

It is a valuable tool and serve as a successful bench marking tool.

Anglinia
02-07-2019, 12:36 AM
Writing a business plan will help you achieve your entrepreneurial goals and it help you to clear your aim.

Dilan
02-20-2019, 09:39 AM
Business plan is really important for your business if you want to be successful. You have to think all about details and trivia. I think that without special knowledge you will not be able to do this. You will need support. This support can be both human and technical. For example, you can hire a specialist on specific issues or use a variety of business related software applications. I can advise https://provalisresearch.com/ for you. It is a company that can provide you provide you with all the necessary programs for business analytics and business control.

Brownii
02-22-2019, 04:05 AM
Oh, writing a business plan is just a nightmare. For me all the writing tasks always seemed to be tough so I had to find the the best academic writing service at some point. This smart writing service (https://smartwritingservice.com) helped me a lot I must admit but I still suck at writing...

Sharmilarock
03-06-2019, 04:46 AM
This Thread helpful for new business man, i also learn more form this discussion.

Jason Davis
03-20-2019, 12:10 PM
A business plan is all conceptual until you start filling in the numbers and terms. The sections about your marketing plan and strategy are interesting to read, but they don't mean a thing if you can't justify your business with good figures on the bottom line. You do this in a distinct section of your business plan for financial forecasts and statements. The financial section of a business plan is one of the most essential components of the plan, as you will need it if you have any hope of winning over investors or obtaining a bank loan. Even if you don't need financing, you should compile a financial forecast in order to simply be successful in steering your business.

alexenderthomas
03-20-2019, 11:41 PM
In this way, here are seven stages for composing an ideal marketable strategy. Research, explore, inquire about. Decide the motivation behind your arrangement. Make an organization profile. Archive all parts of your business. Have a vital showcasing plan set up. 6. Make it versatile dependent on your gathering of people. Clarify why you give it a second thought.

Ellen Dares
06-04-2019, 04:38 AM
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