Sunday 25 May 2008
What Goes Into Your Home Business Plan
What Goes Into Your Home Business Plan
Every business plan should contain certain basic information. Also, it’s helpful to arrange this information in a logical order. This is where the outline comes in. It’s a recipe for business plan success, containing not only information about your business, but also documents that you have to include with the plan. Using an outline also helps with organization. The order of items in the list makes sense to loan officers and other sources of capital.
A cover sheet is the first element of an easy money group business plan to make an important first impression. The first view of your business plan is the cover sheet, and it’s the first thing the loan officers and others will see. Make sure it’s typed and well laid out.
On the cover sheet, include the name of your company, its address, and the business’ phone number. If the business has an email or Internet address, put it in as well. Also include your name as owner.
You may consider numbering each copy so you can keep track of how many easy money group plans are floating around. You should also include a date on the cover sheet. This is important if you revise the plan later. A date on the plan helps you distinguish between older and newer versions.
Write a one-page general statement about why you wrote the plan. Generally the statement is your objective of raising start-up capital or a loan for expansion. Be specific about the dollar amount you’re trying to raise.
Create a table of contents. To help the lender see how your plan is organized, write a table of contents listing each part of the plan and the appendixes. Include page numbers so readers can find their way around easily.
Add an executive summary. You may sometimes see this called a summary description. It’s a brief sentence or two about each of the other parts of the business plan. This is your attention grabber, just like a snappy newspaper headline. Make sure it’s well written so that they’ll want to read on. The executive summary for the easy money group is often the first thing that loan officers and investors read. Unless it’s of interest to them, it’s also the last thing they’ll read in your plan. It must be complete enough to describe who you are, what you want and why they should give it to you.
Include a business description to contain a description of your business. This part of your business plan should contain all the essentials in the opening of any well-written news article. It should contain the who, what, where, when, and why of your business by restating your company name and address from the cover page, stating when your business was formed or that it is being formed, discussing the legal angles of the business, and describing your business.
Include a sentence about the legal organization of your business. Also mention any licenses or permits your business needs. State whether the business is independent, a takeover, a franchise, a business opportunity, or network marketing.Labels: business plan, home business, home business plan
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