Saturday, March 2, 2019

small business plan

small business plan


Where to Find Hundreds of Business Plan Examples - Small Business Trends

Posted: 08 Feb 2019 12:00 AM PST

Whether you want to create the next unicorn startup or lay the groundwork for a successful and sustainable business, the process starts with your business plan.

Every business plan should include the following elements:

  • Executive Summary: Start off with an overview of your company's purpose and goals, and why you believe it will be successful.
  • Company Overview and Objectives: Now you can take a deep dive into the problem your company wants to solve, how it will do so, and any competitive advantages it has.
  • Market Opportunities: This is the evaluation of your target market, target audience, market trends, and competition.
  • Marketing and Sales: Explain how you plan to grow and market your company.
  • Management Team and Operations: Here's where you explain who will lead your company and how it will be structured.
  • Financial Analysis: Include forecasted expenditures, income, cash flow, etc. Break your projections down by quarter or month. If your business is already running, include things like your balance sheet, income statement, cash-flow statement, operating budget, etc.
  • Funding Request: If you're going after funding, explain how much you'll need and what you'll need it for, in detail. Clarify how far in terms of months or years this funding will carry you. Don't forget to include how you plan to pay back this debt down the road.
  • Appendix: This is where you include supporting materials such as résumé?s, images, credit history, patents, permits, licenses, letters of reference, etc.

While knowing what to include is incredibly helpful, what can be even more helpful is seeing some examples of actual business plans.

Examples can give you the inspiration you need as you start writing your own business plan.



Sites with Business Plan Examples

Here are my favorite resources that showcase really good business plans.

1. Bplans

At Bplans, you'll find more than 500 business-plan samples tailored to specific industries, including:

  • Online and offline retail stores
  • Services
  • Medical and health care
  • Restaurants, cafés, and bakeries
  • Pet services
  • Consulting
  • Beauty salons and day spas
  • Manufacturing
  • And many more

2. LivePlan

LivePlan is another place you can find some inspiration to write your own business plan.

It has hundreds of examples across industries.

It also have 10 professionally designed themes that you can use to make your business plan look extra polished.

3. ACCA Global

ACCA Global has three downloadable, fictional business plans.

You'll find one for an airport café, another for a stone-importing business, and a third for a fuel-efficiency business.

4. U.S. Small Business Administration

The U.S. Small Business Administration offers a complete guide to business plans, as well as a deep dive into the difference between a traditional business plan and a lean-startup business plan.

Discover a traditional business plan for a consulting firm, and a lean-startup business plan for a toy company.

The U.S. Small Business Administration also connects you with free business-plan counselors if you need further guidance.

5. Shopify

There's only one sample business plan here, but it's a good one.

Shopify created a sample business plan for a fictional organic denim and apparel company, and it's definitely worth a look.

Now that you've got some ideas and inspiration, you can make a unique business plan for your company by communicating your unique vision for your product, your target audience, and your go-to-market strategy.

Image: Depositphotos.com

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The Best Small Business Plan In 2019 - INQUIRER.net

Posted: 07 Feb 2019 12:00 AM PST

Did you just have a realization this 2019 about starting a business?  In all likelihood, you already have your startup idea but you're gonna need a small business plan for it to make it work successfully and well, according to plan.

If you're questioning yourself "does it really matter to have a small business plan when starting a business", we've got you covered.  Worry not as we explain the why's and how's of having the best small business plan in 2019 below.

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What is a small business plan?

In the simplest sense, a small business plan is a paper that summarizes the essence of your business, products and services; the potential market(s) you are targeting; the business goals and objectives you have set and how you will reach those points.

Aside from a financial plan and a marketing plan, a business plan is one of the most important things you will have to prepare when it comes to starting a business.  This is because your business plan will be the one pulling all three schemes together, integrating components from your financial plan and your marketing plan into a comprehensive outline.

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A practical business plan is actually a working document that can take in different shapes and function more as a pliable action-planning tool than a structured concrete document.  In other words, you can think of it as a layout or an outline that will steer your business from point to point which is from the start up period through foundation and after a period of time, business growth.

Why do you need it in starting a business?

Starting a business needs a lot of things but having a small business plan is really a must, although whatever your reasons are, these may vary by the kind of business you are kicking off and how you have the intention to utilize your business plan.

If you're still unsure as to why you need a small business plan in starting a business, here are some reasons that may be in relation to you:

  • A business plan can give important background knowledge on your business, strategy and culture to workers, including managers and staff, as your business expands.
  • A business plan is necessary if you are going to make a formal application for a bank loan, offer a bid for your business to investors or accommodate in a business partner.
  • A good small business plan not only traces the point of your beginning and points where you wish to be but also helps you distinguish the certain measures you ought to put into action to get there.
  • The monetary segment of your business plan can be the baseline of the budget of your business and a handy tool for handling cash flow on a monthly timeline.
  • You will not have the ability to be able to truly qualify your business idea without understanding the market you are targeting, analyzing the competition and running a feasibility analysis — all are parts of a small business plan.

What does a small business plan include?

There are a lot of different types of small business plans, all depending on whatever you need to focus on when starting your business as each of them have different objectives and goals set for business growth.

At a minimum, you'll need a streamlined business plan that focuses on:

  • Vision
    • What are you creating?
    • How will your business look in a year, in three years and in five years?
  • Mission Statement
    • What is the purpose of your business?
    • What are your reasons in starting a business?
  • Objectives
    • What are your business goals?
    • Are the goals you've set for your business considered SMART (specific, measurable, attainable, relevant, time-based) goals?
    • What is your way of measuring success when attaining your goals?
  • Strategies
    • How, what and where?
    • How are you going to shape up your small business?
    • What product or service will you be selling?  What do you think is your USP (unique selling proposition)?
    • Where will you sell it?  Which market are you targeting?
  • Startup Capital
    • How much do you need to launch?
  • Expenses
    • What will it cost monthly to keep your business running after launching it, in three months, in six months and in one year?
  • Action Plan
    • What are the particular action elements and tasks you need to finish now?
    • What are your subsequent milestones?
    • What will you be needing to be accomplished by those completed milestones in order to meet your goals?
  • Projected Income
    • What do you expect to earn? Researching will be a great help.

There are different types of templates available online when you're searching the web to cater to anything that your small business plan needs so feel free to mix and match and basically tweak the outline we've given above.  In the end, by focusing only on the important elements listed above, you can get down to figuring out your business much more productively from point A to point B and so on and so forth.

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