thinkbigacademics business plan · market plan – review provided links to get an idea. 3....
TRANSCRIPT
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Ken BIG Blake
BLAKE INVESTMENT GROUP - BIG LLC
THINKBIGACADEMICS BUSINESS PLAN
TEMPLATE
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This simple document is used to help you with forming the business
plan banks and sponsors will review pre-financing consideration.
We recommend keeping it short, to the point and following the simple
step by step format for a quick and easy business plan.
All business plans have similar components and seem daunting for the
novice business owner. We are providing links to help assist you with
the areas we have received the most questions from.
There are three points that we will cover more in detail but once
understood will seem simple. The four templates before this one
helped a lot in getting you here as you will see.
1. Executive Summary – Taken from mission statement & services
offered.
2. Market Plan – Review provided links to get an idea.
3. Financial Plan – We have created a template that covers this and
provides a neat explainable summation.
A business plan can be a strategic manual reviewing most challenges
you will be faced with before funding. (52weekBIZsuccess.com)
The first section of the template has a couple of business plan examples
to review.
If you think this template has been helpful drop by my website and
share some appreciation.
www.kenBIGblake.com/appreciation
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Business Plan Examples
Complete Sample Business Plan – Click Here
Coffee Shop Example – Click Here
Events Planning Example – Click Here
Restaurant Business Example – Click Here
Cannabis Business Example – Click Here
Ecommerce Business Example – Click Here
Wedding Planner Business Example – Click Here
Business Plan Examples End
The next sixteen pages are for you to gather your thoughts with your
Business Plan until you can get it down to what feels right.
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WHAT IS YOUR Business Plan!
I. Cover Page
A. Name of company
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B. Company address ____________________________________________________________________________
C. Company phone numbers and email
D. Logo
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E. Names, titles, and addresses of owners ____________________________________________________________________________
F. Month and year the plan was completed
G. Indicate that the plan is "Confidential"
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II.Table of Contents A. List each section with page numbers, along with all attachments, illustrations and maps.
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III.Executive Summary
A. Brief, one-page summary that represents the various sections of the business plan.
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IV. Description of the Business
A. What does the business do? ____________________________________________
B. Who will the primary customer group(s) be? ___________________________________
C. What geographic market does your business serve? If an existing business:__________ ____________________________________________________________________________
D. What is the history of the business? _________________________________________
E. How will your management improve the business? _____________________________
F. What changes do you plan to make? ________________________________________
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V. The Market Plan A. Description of industry
1. Background of industry 2. Current and future industry trends 3. Business fit in industry
B. Your Market 1. Customer profile and target market 2. Description (socio-economic, demographic, geographic) of market area 3. Size of market 4. Market potential 5. Market trends
C. Competition 1. Direct Competition - These are businesses that are in the same market area and offer
the same product, such as two restaurants or a movie theater and a video rental store.
2. Indirect Competition - These are the businesses that are in the same market area, but offer an alternative to your business, such as a movie theater and a sports arena
3. Evaluation of Competition - Describe their strengths, weaknesses, size, age, status.
4. Competitive Advantage - Compare your business to the competitors and how each is similar and different Then describe how your business will offer a unique product or service that will gain and maintain your market share.
D. What are the strategies to reach your target markets?
1. Market Positioning 2. Marketing Tactics 3. Packaging 4. Pricing 5. Promotion 6. Distribution 7. Advertising 8. Public Relations 9. Customer Service
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V. Management Structure and Organization
A. Legal form of ownership
B. Describe your Organizational Structure, and who does what (include a chart if necessary)
C. Management and Personnel
1. Describe your management team.
2. How does your background and business experience help you in this business?
3. Identify their strengths and weaknesses.
4. What will be their duties and responsibilities?
5. Clearly list their job descriptions.
6. Will you have to train people, and at what cost?
7. Are there additional resources or advisors?
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VI. Business Operations
A. Location 1. What is your business address?
2. Why did you choose that location?
3. Will the building be owned or leased?
4. What are the terms and length of the lease contract?
5. What renovations will be needed and at what cost?
6. Describe the neighborhood (improving, stable, deteriorating)
B. Licenses and Permits
1. Is your business name registered with the Secretary of State and Local County Recorder of Deeds?
2. How will you be impacted by local zoning ordinances?
3. What other licenses or permits will you be required to obtain?
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VII. Risk Management
A. How will you recover if your business fails?
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B. How will you repay any business debts if your business fails?
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C. What types of insurance will your business need?
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VIII. Exit Strategy
A. How are you planning to get out of your business?
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B. Are you building a business to sell?
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C. Are you building a business to pass on to your heirs?
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IX. Action Plan
A. Create a three-year action plan with a timeline listing milestones for the company
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X. Financial Plan
A. Start-up investment requirements
1. Start-up costs
2. Business needs / capital equipment list / existing equipment
3. Source and use of funds statement
B. Cash Flow Projections
1. Monthly Estimate of revenue and expenses.
2. Assumptions - Basis for where the numbers come from in the estimates.
3. Break-even Analysis - when do sales revenues cover expenses
C. For Existing Businesses
1. Balance Sheet, dated within 90 days.
2. Tax returns for the prior 3 years.
3. Income Statement, dated within 90 days.
4. 5-year projections
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D. For New Businesses
1. 5-year projections for new business
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NOTES:
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