Tuesday, March 18, 2008
Monday, March 17, 2008
The Business Plan Blog had a great explanation of the executive summary so I recommend you read that to get a good idea on what you should have in it.
Wednesday, March 12, 2008
The Bootstrapper Blog has a listing of 100 Blogs that could be of interest to you. It is a very comprehensive list and you should find something that will work for you. Also, even if you run a small retail business or something like that, often times the advice given to freelances work for the small business owner so go ahead and take a look.
Tuesday, March 11, 2008
Monday, March 10, 2008
The final section of the business plan (although not the last part you finish), is the appendix. This is the reference section of your business plan and what it contains depends on your needs.
The SBA website has a complete list of items that you may or may not need in your appendix.
Wednesday, March 05, 2008
Tuesday, March 04, 2008
Monday, March 03, 2008
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So what is the next section of your business plan?
It is your financial statements. We have already discussed the different business financial statements but to recap you have the Profit and Loss Statement, Balance Sheet and the all important Cash Flow.
If your business has been in operation you will want to include previous financial statements going back 3 to 5 years.
Now if you are just starting your business you will want to have estimates for the first five years. You will want to insure that the financial statements match what you are requesting from your investors because they will be going over these numbers with a fine tooth comb.
Next we have the appendix then we go back to the first section of the business plan but the last done and that is the executive summary.