H-F-L-Team: Writing A Business PlanCopyright © Douglas Miller Hundred-Fold-Life
http://www.ClixGo.comThe business plan is the guide to your business. It is a blue print to achieving your Hundred-Fold-life. According to experts, the business plan is one of the most important tools when it comes to setting up a new business or expanding an old business. People who formulated business plans before they start their business generally have higher rates of success as compared to those people who just jump into a business opportunity without really bothering to find out what they are up against.
Writing business plan is not really as mind boggling as building a rocket ship that will travel to Mars in just a few days. In fact, anybody who is inclined into business can come up with his or her own simplified business plan. As long as the entrepreneur knows what he or she wants and have some ideas on how he or she will achieve his or her goal, he or she can already come up a simplified business plan.
What should the business plan contain?
A business plan should include an executive summary which give a very short description the content of the business plan, a description of the company and its operations, the market analysis, the strategies of implementing the business, a profile of the management team and a detailed financial plan. A comprehensive business plan could reach up to several pages. In fact, business plans for big companies and organizations could well reach over a hundred pages depending on the complexities of its operations and other factors. Note that big business that are operating several plants all over the country need to create a plan that will encompass the operations of the all the segments of the business so normally these companies will have some voluminous documents as part of their business plan.
Business Plan for the new Home Business Owner.
Start simple. Define your goals. Make them measurable. You maybe not writing them for investors, but for yourself. They are just as important if your were writing them for a large corporation.
You are the most important shareholder that you know. But you must have the attitude that you are writing them for thousands of shareholders.
Define your work schedule. Define your goals. Define how you will achieve them.
Review them often. Check if you are on target.
The Financial Plan
According to experts, the financial plan is one of the most important parts of the business plan. Under the financial plan, the expenses for business operations, the cash flow, sales and other financial aspects of the business will be presented. The figures in the financial plan will be based on sound assumptions. When we say sound assumptions, we mean that the figures that are used in the projected financial statements are results of extensive research and price analysis.
Investors will most likely go directly to the financial plan when reading to through the business plan and the business strategies. These parts of the document will tell them how profitable the business can be and what are the possible improvements that can be introduced to make the business more profitable. From the financial plan, the investors can already gauge as to whether or not the business is worth their money or not. In most cases, if the financial plan is not properly laid out or if the financial plan is bloated, the investors will shy away from the business.
Don’t skip this step. It is a must do to achieving your Hundred-Fold-Life.
About the Author:Douglas Miller is a retired Fire Service Captain now making a living working at home. His company Hundred-Fold-Life is not just a name but also belief.-----------------------------------------------------------------
To find the best home based business ideas and
opportunities so you can work at home visit:
http://www.ClixGo.com-----------------------------------------------------------------
Recommended:
Plug-In Profit Site - Complete Money Making Site Setup FREE!
Psst!...Have you Heard the Buzz? 
...
Plus five resource CDs and one audio CD with additional lessons,
examples, audio interviews, and articles, as well as timesaving software and
invaluable resource files.
