Are you ready to be your own boss?
Posted on August 28, 2008
Many of us will often consider this concept, especially when considering a career change. However, few of us will act on this impulse and fewer still will see it through. For the folks who intend to “see it” through completing a detailed business plan is an important first step.
When building a house, the blue print is what will get you started and help you stay on course. The blue print that will assist you in purchasing a new or existing business will be your business plan.
Currently, as Director of Sales & Marketing for ShipOnSite, Inc and as a former commercial lending officer, I will provide some guidance as to the contents of the business plan. Certainly, there are plenty of resources available that provide general advice and specific recommendations with regards to preparing a professional business plan.
Here are a few suggestions on what to include within the content of the Business Plan:
Executive Summary: business opportunity, description and loan request
Company Background: history, objectives and ownership
Services/Product line: description, comparisons and delivery
Industry: profile, size, market growth, competition
Marketing Plan: pricing, competitive advantage, distribution channels
Operating Plan: location, facility, equipment, suppliers/vendors
Management: principals, structure
Goals: keys to success, future plans
Financial Assumptions/
Projections: balance sheet, income/expense
» Filed Under Business Opportunity
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