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How to write a business plan?
Created On: 29/06/2009  - in Business Plan Writers  - Comments  (24)

Business plan writing is not rocket science. All you need to do is to make sure that it has those ten components that a good business plan features. Those ten components are:

1. Executive Summary
2. Company Description
3. Industry Analysis
4. Target Customers
5. Competitor Analysis
6. Marketing Plan
7. Operational Plan
8. Management Strength
9. Financial Plan
10. Appendix
 
Executive Summary:

It provides a summary of the entire business plan and sheds lights on key points that are raised by investors. Normally, it takes one page but depending on the size of business plan, it can reach up to 4 pages.... read more

 
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How to come up with solid financial projections?
Created On: 04/09/2009  - in Financial Plan Writer  - Comments  (15)

Whether you are expanding your business or starting a new business, writing a business plan is very important. Business plan contains all the relevant information about your business venture, in which financial projection is one of the most important sections.

Financial projection includes financial statements such as income statements, balance sheets, and cash flow statements and it is necessary that financial statements must follow Generally Accepted Accounting Standards (GAAP). By the business plan reader, financial projection section will be greatly analyzed.
Here are some tips for crafting solid financial projections:

Get easy with worksheets: For all financial projections, worksheet software is the starting point. There are number of special software packages available that help you with financial projection in which Microsoft Excel is the most common. These worksheets or spreadsheets offer elasticity and allow you to adjust assumptions as per your desire. These spreadsheets software are helpful in many ways but on the other hand, they do not write the description part of the plan for you, so you will not get satisfactory result by using computer program in developing your business plan. ... read more

 
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Tips for Writing An Executive Summary for a Business Plan
Created On: 08/09/2009  - in Business Plan Tips  - Comments  (31)

The beginning of a proper business plan is executive summary. Executive summary is mostly written at the end of the business plan, which highlights the contents of the whole business plan. It saves the reader’s time; as most readers don’t have enough time to read the whole business plan, they just look at the executive summary and get familiarized with what is written in the whole plan. Executive summary is the most common section of a business plan; it should be not more than a page or two.

An executive summary of your business plan must include a concise summary about: A description of your company including your products and/or services, mission statement, your business’s management, the market and your customer, marketing and sales strategy, your competitors, your business’s operations, and in the last, financial projections and plans.... read more
 
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Restaurant Business Plan
Created On: 08/09/2009  - in Small Business Guide  - Comments  (34)

A restaurant business plan is a crucial document for anyone who is planning to start a restaurant business. A restaurant business plan is as important as having a good recipe. Your restaurant business plan must contain all the necessary details which will help the investors to know how your restaurant will be successful in the competitive restaurant industry. A restaurant business plan must be made for two purposes: First is to attract investors and lenders, and second is to know the nuts and bolts of starting a restaurant business in proper manner.

Your restaurant business plan must contain the following key components: An executive summary, business overview, location, business concept, sample menu, layouts and design, market strategy, competitive analysis, industry assessment, marketing strategy, operational plans, management team, financial projections and many more sections, which will guide you to start a restaurant business. ... read more
 
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Fatal Mistakes to Avoid When Writing a Business Plan
Created On: 11/09/2009  - in Business Plan Writers  - Comments  (25)

Business plan is the most crucial document for your business enterprise. While writing a business plan, you can often make mistakes. If you are a startup business and seeking funds, these mistakes can be very costly. Following are few of the key mistakes commonly committed by entrepreneurs when they write a business plan:

Inadequate Research: Proper research is very important when writing a business plan. Most business plan writers start writing business plan without proper research that will not help them to gain investment and will lead their business towards failure. Make sure to research properly into market trends, potential market, market growth, financials and other areas, so that your business plan may not fail and it will be up-to-date and accurate. ... read more
 
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Business Plan Presentation - What do Investors Want to See?
Created On: 16/09/2009  - in Business Plan Tips  - Comments  (40)

A business plan serves as a guide for your successful business launch and operation and helps you to generate capital. It shows investors and lenders that the owner has all the capabilities to run the business and they can invest in your business without hesitation.

Business plan is a road map to success. Business plan is different from product plan. It must contain a detail description of your company, why you want to start this business; your market analysis, competition, etc., while a product plan only contains description about your product and services.

After developing a business plan, you have to present it to potential investors. It is necessary that your business plan presentation... read more

 
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Measure Your Business Plan Results
Created On: 16/09/2009  - in Small Business Guide  - Comments  (29)


Business plan
 
is a vital document that is made with lot of efforts. It is not written to stay in the shelf and to get covered with dust. Business plans are not consistent; entrepreneurs can change them according to the changing trends of the business world. Business world is changing constantly, that is why it is important to make crucial changes from time to time. Entrepreneur is a person who has his eye on every changing trend of business world and he wants his business to be successful at any cost, so he can make necessary adjustments in his business plan anytime.

Corrections, reviews and revisions are being implemented by those business entrepreneurs who were unable to foresee the economic crisis, endangering their business. ... read more

 
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