No matter what kind of business you have or want to have, you must create a business plan. Remember, if you fail to plan . . . you plan to fail.
Other resources include:
*daily video series that will guide you step by step through creating a plan
*daily articles explaining each step of the business planning process
* book on creating a winning plan
* private consultations on plan creation
Check out all of our resources and then create your plan. If you need help along the way, get in touch with us. Call us at (484) 381-0532 or send an email to janeanedavis@jamesdavisandassociates.com. We look forward to working with you.
Business Plan Part One: Introductory Matters
A business plan is a tool for gathering all the important information about running your business and your financial condition all in one place.
Most people think of business plans only when they are seeking financial assistance from outsiders.
However, a well-done plan will help you run your business on a day-to-day basis according to a preset, well thought out, and organized plan.
Even in times of unexpected crisis, your plan is a great tool, to keep you focused, on track, and mindful of the big picture you have set for your business.
Business Plan Part Two: Personnel
In this section, the organization of your business will be detailed.
This is where you describe how many people work for the company.
In every organization, there is a certain amount of people and a certain type of people who are needed to carry out each job.
Be sure to provide detailed job descriptions and the qualifications required for each position.
Use this section to discuss training and advancement programs in your organization.
Business Plan Part Three: Marketing
This major section of your plan will describe the market your business competes in and your strategy for competing.
When filling in this section, be as complete and accurate as possible. Also, be sure to keep your goals in mind as you proceed with your business.
The marketing information section of your plan is composed of a great number of sections. These sections are closely related in many ways. Be sure to carefully complete each subsection.
Business Plan Part Four: Finances
The financial information section of the plan is where you set out the financial aspects of your business.
In this section, start-up businesses will include start-up costs and a description of how the loan will be used.
This section will provide the reader with a clear picture of your profits and losses, cash flow, and other relevant financial information.
This is where you will put your balance sheet, income statement, and other related documents.
Business Plan Part Five: Financial Projections
In the financial projections section of the plan, you share financial predictions based upon your business’ current financial performance.
In order for these projections aka forecasts, to make sense, you share the information about your business and industry that support your projections.
We can help!
If you need help completing your plan or need it reviewed before you release it to the world, we can help.
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Feel free to call/text us at 484 351 0532 or email us at janeanedavis@jamesdavisandassociates.com . We look forward to speaking with you and to working with you.
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