|The Business Plan for
> Looking for angel investors?
> Need to get your start-up going fast
and build business?
You need a business plan.
What is a business plan? A business plan
should be a document containing all your ideas based on the opportunity
that you see in a specific sector, translated into how this opportunity
could render you dollars and cents.
The business plan might be a lengthy detailed
document, outlining the future performance of your business for
the next five years; this is usually a minimum requirement if you
need to finance your business, or it might be a simpler document,
undertaking basic analyses to pinpoint opportunities and threats,
strengths and weaknesses, action plans that need to be implemented,
critical steps and timing that will play an important role in your
business, key success factors and problem areas.
Whatever your circumstance, you will need
some form of planning to guide you.
We have prepared countless business plans
over the last two decades. Here is a short list of what your business
plan should contain. A note of caution: remember what Eisenhower
said, “ The plan is nothing, planning is everything”
The business plan is but a document, and the important fact still
remains, that you have to build your business on sound business
fundamentals. Your business model has to be right. You have to be
right for the business; the business has to be right for you.
Below is a list of what a good business plan
should include with brief descriptions:
1. The Executive Summary
• Where do we want to go?
• What is the business going to do?
2. Company Description
• Type of company
• Company history
• Key personnel
3. Industry Analysis and Trends
• Economic analysis
• Industry analysis
• Market analysis
4. Target Market
• Who are you going to sell to?
• Who is the competition?
• How do you compare to the competition?
6. Strategic Position and Assessment
• The strategy
• The Risk
7. Marketing Plan & Sales Strategy
• How will you sell your product or service?
8. Operations Plan
• How is the company going to operate
• Critical success factors
9. Technology Plan
• What technological requirements do you have and how will
you fulfill these?
10. Management & Organizational
• Leadership of the firm
• Company structure and systems
11. Development, Milestones, Timing
• Key performance indicators and milestones
12. The Financials
• Detailed month by month financial forecast for the first
year, and annual forecast for the next three to five years
If you need to prepare a business plan or
need to gather information about your business plan, we advise you
to talk with a business adviser or management consultant who can
walk you through and assess the business basics as well as the layout
and presentation of your plan.
If you would like to learn more about business
plans please call us at the number below or contact us by email.
(If you would like to receive a copy of this white paper please
Management Consulting LLC
168, 344 Grove Street, Jersey City, NJ 07302
915 - 9850, Fax: (201) - 915 - 9851