There are millions of pages written about how to write a Business Plan. Bookstores and e-books are full of expert techniques. For me, I always like to start with a standard outline. Then, start filling it in and expanding the ideas. Almost like fill in the blanks with the basics and then refine for perfection. This is also the time when you have to THINK BIG! How do you want your business to run? What is the purpose, the heart and soul of the company? What are the long term goals? Let’s get started with these 10 basic components: 1. Cover Page 2. Table of Contents 3. Executive Summary 4. Company Summary 5. Market Analysis 6. Product or Service Description 7. Marketing and Sales Plans 8. Operations and Management Plans 9. Financial Plans 10. Appendix That’s it. Ten sections, easy to put together and yet CRITICAL FOR A PROFITABLE BUSINESS!!! …more
Tag: Accounting
Find the Numbers that Drive Your Business
Financial Statements. I hope you’re not shaking your head with dread when I mention this topic. I know it’s not always exciting to review the numbers, but keeping an eye on the bottom line is key to maximizing profits. If you read and follow these 3 Financial Statements, you can …more
