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Business Plan | HomeBasedBusiness | Business Plans.com

A business plan is required when you apply for small business financing.


You will need a strong business plan to get
financing for any small business.

Content of a business plan

A business plan can be seen as a collection of sub-plans including a marketing plan, financial plan, production plan, and human resource plan.

Source: http://en.wikipedia.org/wiki/Business_plan

The business plan has many forms. There is however a format that is typical:

  • Executive summary
    • explains the basic business model
    • gives rationale for the strategy
  • Background
    • gives short history of company (unless it is a new company)
    • provides background details such as:
      • age of company
      • number of employees
      • annual sales figures
      • location of facilities
      • form of ownership including
        • sole proprietor
        • partnership
        • entrepreneurial startup
        • private corporate startup
        • publicly traded corporation
        • limited liability company
        • public utility
        • Non Profit Organization
    • background of key personnel including
      • owners
      • senior managers
      • head scientists and researchers
  • Marketing
    • the macroenvironment
    • the competitive environment
    • the industry
    • the customers priorities
    • product strategy
    • pricing strategy
    • promotion strategy
    • distribution strategy
  • Production and manufacturing
    • describe all processes
    • production facility requirements - size, layout, capacity, location
    • inventory requirements - raw materials inventory, finished goods inventory, warehouse space requirements
    • equipment requirements
    • supply chain requirements
    • fixed cost allocation
  • Finance
    • source of funds
    • existing loans and liabilities
    • projected sales and costs
    • break even analysis
    • expected return
    • monthly pro-forma cash flow statement
  • Human resources
    • assign responsibilities
    • training required
    • skills required
    • union issues
    • compensation
    • skills availability
    • new hiring

Specialized sections such as product research and development, legal strategies, marketing research, or inter-company collaborations, are added to deal with unique features or characteristics of the business or its markets.

This page is dedicated to

Business Plans for Home Based Business
and is not meant to be financial advice.

 

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Business Plan | HomeBasedBusiness | Business Plans.com