Monday, May 19, 2008

Example structure business plan

All plans must include at least the elements listed below, and perhaps other sections depending on the type of industry.

* Summary
* Company History
* Products and services Overview
* Unique Selling Proposition and competitive advantages
* The Market
* Operations
* Leadership and management profiles, including professional
* Professional Support
* The risks and threats assessment
* Financial forecasts including key assumptions
* The annexes

The collection of information for all sections is long and sometimes difficult. The business of your local library is always a good place to start research. Ask your friendly librarian on how to search for market research reports, and how to investigate competitors.

If you're not familiar with the software spreadsheet, the construction of necessary financial forecast represents a significant obstacle. You have 2 choices:

Paying someone to put all or part of the plan together for you, or a small investment in some software business planning.

The advantage of using a professional, you receive the benefits of their experience, combined with a professional-looking.

The drawback is that it will not be easy to make changes and, more importantly, because you do not have been so involved in its preparation, you will not be as familiar with its contents as you perhaps should be. Be sure to learn the content.

The benefits of investing in companies planning software, you save time and money on a professional who put the plan together for you.

You'll be able to take advantage of thousands of professional advisors past, and users, the software company in product development. You can not take your worries to have a spreadsheet skills or your lack of confidence in building a comprehensive financial model, the software takes care of that for you.

For less than the cost of having a professional to submit the plan together, you can produce a professional document, but more importantly continually update your plan new information. This means that you will always have a first class plan ready to present to banks or investors at any time.

Palo Alto Software produce Plan Pro, which I note is also promoted by the British bank Barclays PLC Clearlybusiness through their subsidiary. They did not want what underlies the promotion of a product like this without giving it a thorough trial.