A professional business plan is
necessary when you want to start your own small business. There are
many reasons that not only banks but also investors require such a
document and this is to evaluate your objection for success,
financial proposals and operation guide for your new small business.
Business plans commonly have three
major sections plus the coversheet, table of content and an executive
summary. Your business plan should be in length according to your
small business. If it takes you numerous pages to explain the aspect
of your small business then so be it but keep in mind that people do
get tired of reading page after page of documents, try to decrease
the wording within your business plan as much as possible.
The following is some helpful
suggestions as you construct your professional business plan:
How many pages should my loan request
be?
Your small loan request should be ten
pages or less with adding in the attachments. If you are seeking a
small business loan, keep in mind that most formal lenders will
accept a summary sheet along with the loan application. You will
usually need three years of income as well as tax records for small
loans.
The business plan cover page
This page is solely for identifying
your business from the others. Include your business name, logo,
contact information, address, and the names of principals.
The business plan executive summary
This is nothing more than a summary of
the rest of the plan. It should be placed first within the business
plan but it placed last within the business plan. This page is what
investors and banks will most definitely read your business plans
turns into a sales proposal when presented to other people for
investment purposes.
Do not forget your supporting documents
Supporting documents are very
important. Ensure that you attach copies of these to the business
plan. These will be documents will prove your points on many topics
within the business plan. Also include any professional licenses you
might have, contracts, resume?s, leases or even company brochure?s
you might have created for the business you want to start.
Promotional material is always a good addition as well.
Hiring a professional to construct your
business plan
Let us face it; starting a small
business can be very demanding as well as stressful. If you do not
want to deal with the actual writing of a business plan to present to
possible investors then look into hiring a professional strategic
consultant to perform this for you. Keep in mind this will cost
sometimes large fees and most strategic consultants charge by the
hours. Make sure you examine the contract carefully while reading
the small print.
Vaurn James is the Owner of http://SuccessRoute.biz.
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