Monthly Archives: August 2013

Create a Business Plan Quick Method Plan

startup businessBusiness plan or business plan is a vital element in business. On the one hand, some people argue that the business plan absolutely must be made ​​before the business opens. On the other hand, there are some groups that do not require a business plan and even tend to ignore it. Regardless of the debate, the business plan has an important function, which provides a general overview of the investors and lenders about the business that we do.

Every business plan has a distinctive structure that is determined by the needs of capital accumulation and certain types of businesses. In the following description will explain how and what should be included in a business plan according to the method of quick plan as summarized from explanations of Mike P. McKeever. This method is relatively easy to apply for novice entrepreneurs because it can be arranged in a single day.

Keep in mind that many people do not have enough time to examine all parts of your business plan. They tend to make the initial decision whether to lend you capital or invest in your project based on the first impression they get after reading a summary of your business plan. Others may be read in full, especially if your business plan summary to make them interested. So make a sentence with the strong points in the initial paragraphs briefly. Why concise? Because you can expose more detail in later sections. Two rules to remember in creating a business plan, namely: a brief and specific.

The elements of a business plan according to the method of quick plan:

* TITLE PAGE

This section contains the title. The title should be brief and to the point so easily understood in a single read. Usually the title page containing the name of the business, the business plan period of time, the name of the main leaders / founders, name of the person who becomes the reader’s business plan, and the date of the presentation (if presented in the form of presentation).

* SUMMARY

Summary of business plan to present the basic points and fundamentals. Ideally, this section contains a statement about the overall amount of money or capital that you currently need / are looking for. Here you have to give information about who you are, what you want to do, how much amount of money / capital you need, and how much profit you expect to be generated.

* TABLE OF CONTENTS

Contents contain the name / title of each section business plan. Contents vary according to the type of business that is becoming a topic in the business plan.

* PROBLEM

The problem has a special function, which provides information on the vision, motivation and focus. Although the problem is a short part of the business plan, it should include important information about the problems faced brief and concise. Do the brainstorming, writing answers to all 5W – WHO (whom), what (what), where (where), when (when), and why (why).

* DESCRIPTION OF BUSINESS

A description of the business generally provides an overview of the company / business by providing the most relevant information and show in every aspect of the business. Here, try to keep it brief and concise in writing. What should be written? Write a brief history of the company, the role of business in the present, an overview of the industry, your business position in the industry, put a little statistical data is, how your company develops, specify the destination and give emphasis on the most important goals as well as provide an explanation of how readers of your business plan can be actively involved in making them.

* ACHIEVEMENT BUSINESS

As the name implies, this section provides information on all the accomplishments that you have achieved business. Achievement can include awards, international caliber clients, and so on.

* PROJECTED REVENUE SALES

Perform projection based on the concealment of the volume of business that you would expect, not on how much you needed order to generate profit. If your estimate is too high, your business will not have enough capital. Conversely, if too low, you will not be ready or able to handle all business affairs that come your way. The easiest way is projecting sales revenue by finding sales revenue per year divided vast store / business location in units of square feet. Then multiply that number by the estimated floor space required to produce estimates of sales revenue per year you. For example, a business showing sales per square foot per year as much as $ 2 million. If you have 2,000 square feet of floor space, your estimated annual sales revenue to (USD 2 million times 2,000 square feet). Your estimates should take into consideration all the things that make you different from the store / other business.

* PROFIT AND LOSS PROJECTION

This section is a projection of the amount of sales and profits you will earn. It is also a key pillar of your business plan. In general, here you give an estimate of how much money / capital you need and how much capital will be spent for some future period.

* CAPITAL EXPENDITURE PLAN

This section contains all the things you should buy before you begin operating your business and generate sales revenue. including initial inventory, supplies, business licenses, saving attempt to rent a place, and so on.

* CASH FLOW PROJECTION

Start with the amount of profit (or loss) you earn a monthly profit and loss projections. Then do the customization of every month with a monthly income to give an account of the time difference in raising and spending money.

* APPENDIX

Include financial statements at least two years earlier (if your business is a result of business expansion), a copy of the proposed lease agreement, a copy of the bidding for the construction work required, plans for the construction work, resumes employees who hold important positions, the list of items to be purchased as initial inventory, business logo image, a copy of a newspaper article or other publications that relate to your business. Arrange in good order and add a table of contents for the appendix.

All this brief explanation can be deepened by searching for more complete references in various books on the preparation of a good business plan. Want to start a business in the early 2011? Prepare your business plan now!

Creating an Effective Business Plan

business plan4In making a business plan, a person or a team usually performs brainstorming. In this activity, issued to all ideas are then collected and selected the most likely to be implemented. In this brainstorming power needed exploration of free, unrestricted consideration of cost or ability. But sometimes it has sparked debate, because the contents of a person’s brain is different from the others. So that our understanding may not necessarily be understood by others. For that, we need a language that is easily understood by the delivery of a lot of people.

In starting a business, as we know, there should be careful planning. Before starting to prepare a business plan, we need to know the information related. This is important, because in running the business, we have to have a guide. Moreover, if in the future we will be dealing with a lot of other parties, such as investors or the bank. All the things we did and presented in front of investors should refer to the guidelines. The business plan is the key success of our communication with investors. As a communication tool, the business plan to determine whether our efforts are worthy or not worthy of support.

In the business plan, it may be idealistic. However, do not forget that the most important thing we need to show where the strength of our business, that the business in which we live has a promising future. Use language that reached the ears of investors. The language is a language that can be referred to ‘seduce’ investors or banks. We need to realize that business is not just simply a matter of cost-benefit. Investors want to know that our business prospects, the risk trade-offs that can be measured and predicted.

However, a business plan is not only made ​​plans to aimed at investors. The business plan is important to guide ourselves in doing all business plans and implementation, so that each implementation can be focused, on track, accountable, measured, and evaluated again. Especially for the kind of creative effort relatively new idea. Such efforts have the concept of risk shifting. In the process, there will be a lot of interference of various parties who want this and that. The interests of many parties may be disturbing key concepts. This is where the business plan useful, ie, as a tool to maintain movement corridors effort. It is a challenge for young entrepreneurs, which is to explain to all parties so that they have the same perspective as we have.

A business plan should be mature, focused, yet simple and easy to understand others. To make it, here are some tips that you need to apply:

  • The business plan should be easy to understand, has one purpose, and reached quickly.
  • Use a few sentences, not only short but also efficient.
  • Have a clear purpose, just convey facts and ideas that are relevant.
  • Attractive, easy to understand, and use images and graphs.
  • Use simple words and arranged with an interactive model of conversation or communication.
  • Bringing the feel optimistic and positive.
  • Directing the reader’s decision, asserted in good faith, and demonstrate knowledge and skills.
  • Avoid making statements that are not supported by the facts.
  • It is based on objective and real data and accurate source of quality information