subject: Business Plan Outline - An Example [print this page] Author: Frank I Locust Author: Frank I Locust
When it comes time to obtain a loan for your company so you can expand operations, your bank will require a standard business plan for them to consider the loan. Perhaps, you have only been in business for a few years, and you never did get around to writing a business plan before things took off. Youve managed without working capital this long, but you simply cannot grow without working funds. A standard business plan sounds like a long process, and in truth it does take some time to prepare, but by following the outline below, the process can be simplified. The order does not matter as much as being detailed as possible in the content that you provide. Lenders are looking to understand your business in its specifics, so cross the ts and dot the is as you fill out the following. Executive Summary: Although this will be the beginning of your standard business plan for your prospective lenders, write it last once you have filled out all the rest of the content. Company Description: Here you will write out how the company was established, its history and what the plans were at startup. Product or Service: What will you be providing to your consumer base? What benefits will your products or services provide your clients? Market Analysis: Do your homework on your target market. Who are they and how do you plan to reach out to them? What do they need from you and how will you provide a service or product that will benefit them? Strategy and Implementation: How do you plan to make the business work? For established businesses, how have you tracked success and what are your future goals? Management Scenario: Who is your management team and what are their functions? Financial Analysis: Current Profit and Loss sheets, Cash Flow tables and quarterly Financial Reports will build the fiscal image of your business. About the Author:
Find It Local 411 is a web based online community resource for the Michiana region of the United States (Northwest Indiana & Southwest Michigan). Finditlocal411.com serves the area by providing local business listings, classifieds, events and business advice and consults on their blog.
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