According to Robert Krummer, Jr., chairman of First Business Bank in Los Angeles, "The business plan is a necessity. If the person who wants to start a small business can't put a business plan together, he or she is in trouble.”

A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. It is comprised of various pieces of information about your company. An outline of a typical business plan follows.

1.0 Executive Summary - Key summary page that every lender and investor turn to first.
2.0 Financial Summary - An overview of the financial picture of the company.
3.0 Company - The mission and business opportunity with a brief description of the history of the company.
4.0 Services & Products - Description and pictures of key products and services.
5.0 Market - Analysis of competition, target market and key buying patterns.
6.0 Industry - Detailed look at the industry and the competitive advantage the company has over the competition
7.0 Strategy& Implementation - The key strategy for success in the business with budget and revenue analysis.
8.0 Management - An overview of the key personnel involved in implementing the plan.
9.0 Risk Assessment - A description of the risk factors involved in the business.
10.0 Capitalization Plan - A use of proceeds and summary of how any capital raised will be used.
11.0 Business Projections - A 3 or 5 year projected financial outlook with benchmarks and analysis.
12.0 Sales - Forecasted look at sales and expenses for the first 12 months.
13.0 Net Income - A projected net income statement and break-even analysis for 1 or 3
years by quarter and monthly.
14.0 Cash Flow - Projected 12 month Cash Flow Statement.
15.0 Balance Sheet - Projected balance sheet at various times in the plan.
16.0 References

By developing the proper plan for your business you will set yourself apart from the many businesses that fail each year.

How can we help you in the process?

Business Credit Services LLC has a team of professional business plan writers who develop full-length investor ready business plans, complete with financial analysis, charts and full color images. Each plan is designed specifically for each client’s needs.

To help you and our staff better develop your plan, we provide a
Free Business Plan Questioner.