Business Plan Points

Business Plan Points-83
In this section, you'll need to lay out your financial projections for your company. Close your business plan with a pitch for funding, and list any supporting data, graphs and charts that bolster your pitch.If your company is already up and running, list any income statements and cash flow numbers for the past several years, if possible. Make it clear what you're looking for financially from financiers - equity, a partnership or a loan.Include a brief history of your company and mention any top-level talent you have aboard to get your company off the ground. What will your company produce and how will it benefit customers?

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In it, you'll go into more detail on what your company does and what solutions to brings to the marketplace. What is the leading marketplace product or service and what are you doing to improve on the leading products or services? Who has ownership of the company and at what percentage?

In this section, it's time to get specific and detail what product or services you're developing and what customers you're targeting. Financing companies want to work with differentiators, and they'll want to know what separates your business from the pack. How will your company operate (i.e., as a partnership or as a corporation, primarily) and who will be the key decision makers? These are the primary questions you'll need to answer in the company organization section of your business plan.

Here's a quick overview of the step–by–step process we guide entrepreneurs through when they sign up for Live Plan.

Detail exactly what problem you are solving for your customers.

The goal here is to explain what your company does and why it will be successful.

Business Plan Points

Include a company mission statement (i.e., what your ultimate goal is as a business, in just a sentence or two.) This section leads off the main portion of your business plan.

Once you've attracted their attention, then follow up with the more detailed, traditional business plan.

This opening section kick starts your business plan and briefly outlines the key points of your plan.

Provide a ballpark estimate of the funding you need and make it clear whether you're open to a negotiation.

A company that knows how much money it needs will be taken as a serious one, and will be treated as such by funders and financiers.

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