Business Plans
Constructing a Business Plan
A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organisation or team attempting to reach those goals.
Your business plan is simply a resume for your proposed business. Its primary importance is that your business plan becomes your calling card. When you talk to a property manager about leasing space for your business, or you are meeting with a potential lender or investor, your business plan will outline whom you are and what your company purpose is.
The process of developing your business plan will require you to focus on exactly what you are trying to achieve, precisely where you want to be going, and exactly how you plan to get there. It will force you to detail the many expenses involved to open your business, the projected sales and monthly expenses of actual operation, and the volume of business you will need to generate to meet your obligations.