What is a business plan?
The primary value of your business plan is the creation of a written plan to evaluate all aspects of the economic viability of your business venture including a description and analysis of your business prospects.
Since this course is divided into the twelve most important aspects to consider when starting a business, your business plan you can follow this same format. In this section and in each of the following includes an outline business plan covering each subject. Taken together, will have an initial model for its general plan.
The business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business.
Often this step is omitted, but we make it easy by providing a format to structure your plan as you progress through this course.
Business plans can vary considerably. Libraries and bookstores have books devoted to business plan formats. However, this course is a place to start. You can rely on him to design a plan that's right for your particular business.
should be aware that employers are reluctant writing your business plan. Therefore, it is recommended that you complete each segment of the plan as you progress through this course. We will facilitate the task by providing sample plans for businesses of goods and services and also an attractive blank form that you can download onto MS Word and customize.
Why should develop a business plan?
Your business plan will be useful in several ways. We give some reasons why should not overlook this valuable tool.
First, define and focus your objective using appropriate information and analysis.
You can use it as a selling tool in dealing with important relationships including your lenders, investors and banks.
can use the plan to solicit opinions and advice from other people, including those that operate in the commercial field that interests you, who will provide invaluable advice. Too often, entrepreneurs forge "My Way!" Without benefit of input from experts, they could save a lot of wear. "My Way" is a great song, but in practice can result in unnecessary complications.
Your business plan can uncover omissions and / or weaknesses of their process planning.
What to avoid in your business plan. Limit its future projections, the long term. (Long term means more than a year.) It is better to set short-term objectives and modify the plan as your business progresses. Often the long-term planning becomes meaningless because the reality of his business, which may be different from your initial concept. Avoid
optimism. To do this, be extremely conservative in predicting capital requirements, timelines, sales and profits. Few business plans correctly anticipate how much money and time will be required.
Do not forget to determine what are their strategies in the event of business adversities. Use language
simple to explain the problems. Elabórelo so easy to read and understand.
not rely entirely on the uniqueness of your business or even a patented invention. Success comes to those who start businesses with great economics and not necessarily great inventions.
Business Plan Format: a systematic evaluation of all factors essential to the purposes and objectives of your business
Here are some suggested topics you can tailor your plan:
Vision Statement: It is a concise outline of the aims and objectives of your business.
People: Without a doubt, the most important ingredient for success is yourself. Focus on how you apply your previous experience to his new business. Prepare a resume of his and every person involved in starting the business. Be factual and avoid hype. This part of your business plan will be read very carefully by those who will interact with you, including lenders, investors and suppliers. Templates for preparing resumes are available in your library, Kinko's, bookstores and the Internet under "resumes."
however, can not pretend to be someone who is not. If you do not have the ability to perform a key function, include this information in its business plan. For example, if you lack the ability to train staff, explain how to compensate for this deficiency. You can add a partner to your plan (which is discussed in Section 4) or plan to hire key people who possess the skills that you have not. Include biographies of all potential managers.
Your business profile: Define and describe the business you have in mind and how it intends to do exactly. Try to stay focused on the specialized market you intend to serve.
Economic assessment: Provide a complete assessment of the economic environment in which your business. Explain how your business will be appropriate for agencies regulators and the population we treat. If applicable, provide demographic studies and traffic flow data normally available commercial in local planning departments. Test
cash flow, including cash flow a year that will incorporate your capital requirements (see Lesson No. 7 ). Include an assessment of what might go wrong and how to handle problems.
Include your marketing plan and expansion. See
useful government websites, such as the Small Business Administration (SBA). See "Resources" on the homepage of this website.
Six Steps to a Great Business Plan
The entrepreneurs often have difficulty writing out business plans. This discipline will help in many ways, so do not skip this planning tool! To make it easier, here are six steps to guide you in structuring a worthwhile plan:
Enter your basic business concept.
Gather all the information you can on the feasibility and the specifics of your business concept.
Focus and refine your concept based on the data it has collected. Outline the
your specific business. The use of a "What, where, why, how" can be useful.
Put your plan into a compelling form so that not only give you insights and direction, but at the same time become a valuable tool for managing business relationships are very important to you.
Review the sample plans we furnish and download the blank format to a MS Word document. Fill it out as you progress through the course.
sure your plan includes the following necessary factors that give rise to a successful business
A solid concept business. The most common mistake that entrepreneurs make is not picking the right business to start. The best way to learn about your prospective business is to work for someone else in that business before beginning your own. Can be a huge difference between a good business concept and reality.
Understand your market. A good way to check that the market is known as a test market your product or service before you begin. Think you have a great kite that will capture the imagination of kite fliers in the world? Then, make some of them and try to sell them first hand. Industry
strong, growing and stable. Remember that some of the great inventions of all time, like airplanes and automobiles, not result in economic benefit to many who tried to exploit these great advances. For example, the cumulative earnings of all airlines since Wilber Wright flew that first plane are less than zero (the losses of the airlines have been greater than their profits.) Success comes to those who find businesses with great economics and not necessarily great inventions or advances to mankind. Administration
capable. Find people you like and admire, have good ethical values, skills and are smarter than you. Plan to hire people who have the skills that you lack. Define your ability unique and seek out others who turn your weaknesses into strengths.
adequate financial control. Learn later the importance of training in accounting, computer software and cash flow management. Most employers do not have accounting backgrounds and must go back to school to acquire such knowledge. You bet your savings in a game where you do not know how to keep score? People mistakenly do it in business.
consistent business focus. If you think of specific products or services, find that specialists will outperform non-specialists. Focus on something you can do so well that he is not subject to competing with someone with a lower price.
Business Plan for Sessions 1 and 2: company profile, vision and people.
This is the time to review the sample plans we have provided. This will help to shape their own plan. For some tips on information to include, see the examples of business plans:
Sample business plan (product): Widget Corporation
http://www.myownbusiness.org/espanol/ s2/multimedia/all_product.doc
Sample business plan (Service): Smith E-Commerce Consulting
http://www.myownbusiness.org/espanol/s2/multimedia/all_service.html
can now build your business plan. If you have not yet selected a business, you can choose to practice. Remember that provided attractive individual templates for business plans in each session that you can download as Microsoft Word documents or Web pages for printing. Start now!
Section 1: Business Profile
http://www.myownbusiness.org/espanol/s2/multimedia/section1.doc
Section 2: The Vision and the People
http://www.myownbusiness.org/espanol/s2/multimedia/section2.doc
Instructions for Completing business plan template:
Each box has a permanent title in CAPITAL LETTERS.
Below each title is a sentence that begins with "Enter ...". This will suggest information to insert. The boxes will enlarge as needed, so use all the space you need.
After completing each box, delete the sentences beginning "Insert ...". This will leave only the permanent title of the box and the information you have entered.
We suggest that you complete all sections of the business plan as you proceed through the course.
The template for all sessions, from 1 to 12, can also be downloaded as a single document:
Section 1-12: All
http://www.myownbusiness.org/ espanol/s2/multimedia/all.doc
Include sufficient research findings and background material. Make it interesting to include information Generally, your biography, charts, demographics and research material. When you are finished organizing the business plan, print and assemble the 12 sections.
Many other business plan formats in libraries, bookstores and software.
The primary value of your business plan is the creation of a written plan to evaluate all aspects of the economic viability of your business venture including a description and analysis of your business prospects.
Since this course is divided into the twelve most important aspects to consider when starting a business, your business plan you can follow this same format. In this section and in each of the following includes an outline business plan covering each subject. Taken together, will have an initial model for its general plan.
The business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business.
Often this step is omitted, but we make it easy by providing a format to structure your plan as you progress through this course.
Business plans can vary considerably. Libraries and bookstores have books devoted to business plan formats. However, this course is a place to start. You can rely on him to design a plan that's right for your particular business.
should be aware that employers are reluctant writing your business plan. Therefore, it is recommended that you complete each segment of the plan as you progress through this course. We will facilitate the task by providing sample plans for businesses of goods and services and also an attractive blank form that you can download onto MS Word and customize.
Why should develop a business plan?
Your business plan will be useful in several ways. We give some reasons why should not overlook this valuable tool.
First, define and focus your objective using appropriate information and analysis.
You can use it as a selling tool in dealing with important relationships including your lenders, investors and banks.
can use the plan to solicit opinions and advice from other people, including those that operate in the commercial field that interests you, who will provide invaluable advice. Too often, entrepreneurs forge "My Way!" Without benefit of input from experts, they could save a lot of wear. "My Way" is a great song, but in practice can result in unnecessary complications.
Your business plan can uncover omissions and / or weaknesses of their process planning.
What to avoid in your business plan. Limit its future projections, the long term. (Long term means more than a year.) It is better to set short-term objectives and modify the plan as your business progresses. Often the long-term planning becomes meaningless because the reality of his business, which may be different from your initial concept. Avoid
optimism. To do this, be extremely conservative in predicting capital requirements, timelines, sales and profits. Few business plans correctly anticipate how much money and time will be required.
Do not forget to determine what are their strategies in the event of business adversities. Use language
simple to explain the problems. Elabórelo so easy to read and understand.
not rely entirely on the uniqueness of your business or even a patented invention. Success comes to those who start businesses with great economics and not necessarily great inventions.
Business Plan Format: a systematic evaluation of all factors essential to the purposes and objectives of your business
Here are some suggested topics you can tailor your plan:
Vision Statement: It is a concise outline of the aims and objectives of your business.
People: Without a doubt, the most important ingredient for success is yourself. Focus on how you apply your previous experience to his new business. Prepare a resume of his and every person involved in starting the business. Be factual and avoid hype. This part of your business plan will be read very carefully by those who will interact with you, including lenders, investors and suppliers. Templates for preparing resumes are available in your library, Kinko's, bookstores and the Internet under "resumes."
however, can not pretend to be someone who is not. If you do not have the ability to perform a key function, include this information in its business plan. For example, if you lack the ability to train staff, explain how to compensate for this deficiency. You can add a partner to your plan (which is discussed in Section 4) or plan to hire key people who possess the skills that you have not. Include biographies of all potential managers.
Your business profile: Define and describe the business you have in mind and how it intends to do exactly. Try to stay focused on the specialized market you intend to serve.
Economic assessment: Provide a complete assessment of the economic environment in which your business. Explain how your business will be appropriate for agencies regulators and the population we treat. If applicable, provide demographic studies and traffic flow data normally available commercial in local planning departments. Test
cash flow, including cash flow a year that will incorporate your capital requirements (see Lesson No. 7 ). Include an assessment of what might go wrong and how to handle problems.
Include your marketing plan and expansion. See
useful government websites, such as the Small Business Administration (SBA). See "Resources" on the homepage of this website.
Six Steps to a Great Business Plan
The entrepreneurs often have difficulty writing out business plans. This discipline will help in many ways, so do not skip this planning tool! To make it easier, here are six steps to guide you in structuring a worthwhile plan:
Enter your basic business concept.
Gather all the information you can on the feasibility and the specifics of your business concept.
Focus and refine your concept based on the data it has collected. Outline the
your specific business. The use of a "What, where, why, how" can be useful.
Put your plan into a compelling form so that not only give you insights and direction, but at the same time become a valuable tool for managing business relationships are very important to you.
Review the sample plans we furnish and download the blank format to a MS Word document. Fill it out as you progress through the course.
sure your plan includes the following necessary factors that give rise to a successful business
A solid concept business. The most common mistake that entrepreneurs make is not picking the right business to start. The best way to learn about your prospective business is to work for someone else in that business before beginning your own. Can be a huge difference between a good business concept and reality.
Understand your market. A good way to check that the market is known as a test market your product or service before you begin. Think you have a great kite that will capture the imagination of kite fliers in the world? Then, make some of them and try to sell them first hand. Industry
strong, growing and stable. Remember that some of the great inventions of all time, like airplanes and automobiles, not result in economic benefit to many who tried to exploit these great advances. For example, the cumulative earnings of all airlines since Wilber Wright flew that first plane are less than zero (the losses of the airlines have been greater than their profits.) Success comes to those who find businesses with great economics and not necessarily great inventions or advances to mankind. Administration
capable. Find people you like and admire, have good ethical values, skills and are smarter than you. Plan to hire people who have the skills that you lack. Define your ability unique and seek out others who turn your weaknesses into strengths.
adequate financial control. Learn later the importance of training in accounting, computer software and cash flow management. Most employers do not have accounting backgrounds and must go back to school to acquire such knowledge. You bet your savings in a game where you do not know how to keep score? People mistakenly do it in business.
consistent business focus. If you think of specific products or services, find that specialists will outperform non-specialists. Focus on something you can do so well that he is not subject to competing with someone with a lower price.
Business Plan for Sessions 1 and 2: company profile, vision and people.
This is the time to review the sample plans we have provided. This will help to shape their own plan. For some tips on information to include, see the examples of business plans:
Sample business plan (product): Widget Corporation
http://www.myownbusiness.org/espanol/ s2/multimedia/all_product.doc
Sample business plan (Service): Smith E-Commerce Consulting
http://www.myownbusiness.org/espanol/s2/multimedia/all_service.html
can now build your business plan. If you have not yet selected a business, you can choose to practice. Remember that provided attractive individual templates for business plans in each session that you can download as Microsoft Word documents or Web pages for printing. Start now!
Section 1: Business Profile
http://www.myownbusiness.org/espanol/s2/multimedia/section1.doc
Section 2: The Vision and the People
http://www.myownbusiness.org/espanol/s2/multimedia/section2.doc
Instructions for Completing business plan template:
Each box has a permanent title in CAPITAL LETTERS.
Below each title is a sentence that begins with "Enter ...". This will suggest information to insert. The boxes will enlarge as needed, so use all the space you need.
After completing each box, delete the sentences beginning "Insert ...". This will leave only the permanent title of the box and the information you have entered.
We suggest that you complete all sections of the business plan as you proceed through the course.
The template for all sessions, from 1 to 12, can also be downloaded as a single document:
Section 1-12: All
http://www.myownbusiness.org/ espanol/s2/multimedia/all.doc
Include sufficient research findings and background material. Make it interesting to include information Generally, your biography, charts, demographics and research material. When you are finished organizing the business plan, print and assemble the 12 sections.
Many other business plan formats in libraries, bookstores and software.
MY OWN BUSINESS
http://www.myownbusiness.org/espanol/
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