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Writing a business plan

The term business plan has become very popular in the last decade. Bankers, investors, and venture capitalist want to see one before making any investment decision. Experienced business people encourage aspiring entrepreneurs to write their own business plan. While a business plan is good advice, having the business person write it by his/herself isn't a sound decision. Writing a business plan forces the principals to think about all aspects of their new venture. A solid business plan may require up to 200 hours of researching and writing before the plan is polished. A plan written by one person will focus on the area of passion that person has, (product, marketing or financial management), and be weak in the areas that person does not like to do. The Plan needs to be produced by the management team discussed above. The names of the team members in charge of product, marketing, and finance need to be identified and their resumes included. The outline below describes the major sections of a typical business plan:

 Major sections of a business plan

  • Executive Summary (to be written last)
  • The company and its overall strategy
  • The market and competitions
  • Marketing strategy
  • Design and development plans
  • Manufacturing and operations plan
  • Management team
  • Overall schedule
  • Critical risks and problems
  • The financial plan
  • Proposed company offering
  • Financial exhibits
  • Appendices

Capabilities

To date, we have assisted 74 clients with 51 successful project. Of those, we have assisted in opening 9 new businesses; 45 businesses expanded, diversified or retained; 34 jobs have been created by successful projects; and 104 jobs have been retained by successful projects.

We are capable of helping you by:

  • Writing a business plan
  • Locating financing
  • Exploring markets
  • Reduce red tape
  • Network for those in your field
  • Find vendors and suppliers
  • Grantwriting
  • Training
  • Website Link

 


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Last modified: 12/10/09