How To Plan A Business

How To Plan A Business-18
Get Started on your business plan by downloading Small Business BC’s Business Plan Template and Cashflow Forecasting Tool.Download Now No matter what stage of business, or what problem you face, Small Business BC offers a range of seminars and one-on-one advisory sessions to suit any business.

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Make it brief, "hard hitting" and highly focused on achievement. Like a resume – only more interesting – management team biographies increase the credibility of your executive summary and all projections that follow.

If you are a one-person management team, be sure to emphasize all your skills.

Learning how to write an effective five year business plan helps you manage better and improves your chances of receiving the loans or investment dollars you need to succeed.

You should thoroughly understand business plan components and your company to complete a winning blueprint for success.

These will be the benchmarks for your five-year business plan Prepare an executive summary.

This section outlines your goals, objectives, strategies and your expertise in achieving the results you project.

The industry overview is your opportunity to demonstrate the viability of your business by discussing the size and growth of your industry, the key markets within your industry, how your customers will buy your products or services, and which markets you’ll be targeting.

Here you describe your target market segments, your competition, how you’ll differentiate your products or services, and your products’ or services’ unique selling proposition (USP).

You’ll need to show three years’ worth of projected financial statements, including income statements, pro-forma balance sheets, and monthly cash flow and annual cash flow statements.

Summarize each statement into a few easy-to-understand sentences and put these in a cover page for the statements.

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