Ideas Home Biz Kits Entrepreneurs Biz Opportunities Mom Life Cafe Cities
Featured Advertisers
Featured Advertisers
Become a KinderSigns Instructor
No Royalties. Certification, Marketing Tools,
Hand Outs & Curriculum
Looking for a work at home JOB?
Check out the new Bizymoms job bank! New jobs added daily!
Event Planner Career Kit is Live!
Sign up for our Event Planner newsletter to Learn More about this great business!
See Your Featured Ad Here
Click here to see your ad on this page! Or Find other advertising options.

A Winning Business Plan

Submitted by neilbest

Using sample business plans and their structure, along with studying as many business plan examples as you can, will provide you with the necessary framework to consider your business from every possible angle.

Starting or running your business without a business plan is akin to being a human without a skeleton!

Not only will using a sample structure highlight any areas you haven't fully thought through, but it will also provide you with a good idea of what makes a good business plan, and what doesn't.

The importance of your business plan as a motivational factor in running or starting your business cannot be underestimated. You will find that your commitment continues to build as you collect information, research and write each section.

Your business plan should always accompany requests for Small Business Loans , and lenders or any kind of angel investor will simply refuse to consider your business proposal without one.

Lenders and investors want to see your plan with the aim of satisfying key questions before they make their decision to grant funding or not.

Once you’ve commenced trading your small business plan will act as a steak in the ground, and help you measure where you expected to be against where you actually are. It will help you take corrective action as necessary.
Sample Business Plan Structure

All plans should include at least the elements listed below, and perhaps additional sections depending on the type of industry.

Executive Summary

Company Background

Products or Service Overview

Unique Selling Proposition and competitive advantages

The Marketplace

Operations

Leadership and management profiles including professional competencies

Professional Support

Risks and Threats assessment

Financial forecasts including key assumptions

Relevant appendices

Collecting the information for all the sections is time consuming and sometimes difficult. The business section of your local library is always a good place to start research. Ask your friendly librarian about how to look up market research reports, and how to investigate competitors.

If you are not familiar with spreadsheet software, constructing the necessary financial forecasts represents a significant hurdle. You have 2 choices:

Pay someone to put part or all of the plan together for you, or a small investment in some business planning software.

The advantage of using a professional is you will receive the benefits of their experience, combined with a professional looking plan.

The disadvantage is that it won’t be easy to make changes, and more importantly, because you will not have been as involved in its preparation, you won’t be as familiar with its contents as you should be. Make sure to learn the contents well.

One final tip though, remember it’s the quality of the information you put into it that determines what comes out.

About the Author
Neil Best has over 15 years experience in business finance. For successfully funded business plan examples, and more useful business finance tips and advice , visit Small Business Finance Tips

Back To Page Top   I   Back To Category  I    Back To Home
Getting started
The Benefits of Home Based Business
Business Mission Of Marketing Plan
A Home Based Business Requires Hard Work!
Selecting a Right Home Based Business
Earn Extra Income While Work At Home
Internet Protect Privacy Rules
Elements Of A Business Plan
Writing Strategic Business Plan
Work At Home Jobs For Moms
A Winning Business Plan
Home Business Tips
Growing Your Small Business
Small Business Owner
Keys To Business Success
Business Leadership
Achieving Sales Goals
Start An Online Business
A Home Business Mentor
Operating A Successful Business
How To Finance The Small Business
Basics For Starting Online Business
How To Start A Home Business
Fairures Of Business
Home Business Resources
Improving Self Confidence
Legitimate Home Based Business
Starting a New Home Business - Top 5 Mis takes
Get Creative With Child Care While Working From Home
Tips to Grow Your Business
Why Home Businesses Fail ?
Roadmap to Online Success - One Hour a Day, Five Days a Week
Is A Home Based Business Right for Me?
Planning Is The Most Important Part Of Starting A Home Business
Loath the Rat Race? Ditch your job.. 7 Benefits of Being a Home-Based Entrepreneur
Starting a New Home Business
Want Fast Business Success? Set Your Goals... Part II
Want Fast Business Success? Set Your Goals... Part III
Work At Home Benefits
Ask Yourself: Is Working at Home For You?
Home Business: Success Starts in the Mind
Online Business Tips
How To Name Your Business
Starting Up A Home Based Business
Steps To Write A Business Plan
Business Ethics Questions
Benefits of Owning a Home Base Business
Steps To Internet Home Based Business
Ideas To Get Motivated
Self Employment Information
Ideal Business Attitudes
Make Money From Home
Benefits Of Being Your Own Boss
Part Time Jobs With Benefits
Achieving Success
Writing A Business Plan
Start Work At Home
Choosing A Business Name
So Thankful To Be A Work At Home Mom: My Story
New and Popular Kits
Tutor Monster
Is the Tutoring Business for you?
ExpertVA
Are you a Virtual Assistant by nature?
Candy Wrapper
Is Candy Wrapping the best business fit for you?
GET FREE BUSINESS IDEAS NEWSLETTER
 
Copyright © 1997-2007 Bizymoms™. All rights reserved. Please view our Privacy Policy & Content Disclaimer.