business plan what is it and why you might need it but not for what you might think

RECORD EVERTHING YOU DO  THAT RELATES TO YOUR BUSINESS PERIOD.

THIS IS A BUSINESS PLAN NO MORE NO LESS:

your idea here

Example: i want to create a system that can operate without me to create money for me

that it you then form the business around that one idea

List of what you will add as you go:

Executive Summary:

basicly what you add last for instance

your idea here

Example: i want to create a system that can operate without me to create money for me

of course it is a little more complacated than that but not by much

General Company Description:

general idea of what you want

your idea here

Example: i want to create a system that can operate without me to create money for me

Products and Services:

what are you selling/servicing

your idea here

Example: i want to create a system that can operate without me to create money for me

now for the example that could be the system or it could be the product the system sells to make money IE niche that i use

Marketing Plan:

your idea here

Example: i want to create a system that can operate without me to create money for me

how are you going to market it that

how much

to whom are you going to market that

just some question to get you started

Operational Plan:

how does the system work

for me we have already covered this but too recap:

1. theme

2.niche

3.sub-niche

4.develop outline of product do not build a single product (this is where i am now)

5. test system

6.roll out if the test works (this is also where you use this to tell others what to do)

Management and Organization:

Management:

who is on your team and later on who do you hire

Organization:

DONT let anyone one tell you must be organized this way or that way right now my Organization looks like this:

MUST:

Business:

Business:

Business plan:

develop marketing

Research and development:

form a shell so I can get a idea of what the product should look like

That it is it perfect nope will it evolve yep

Personal Financial Statement:

DO NOT BE AFRAID OF THIS

All this is a honest look at where you are Financial if you are afried that when someone looks at this and says NO you can not have the money YOU should ask why if they say well look at this you are not the best person to handle money.

THROW them for a loop and say you are right what if i hire a outside firm to handle the money? The lender is in the business of making money I DONT CARE if it is your parents, husband, wife, investor etc you show them that you are ready to make this work and that they can at lest trust you then you should have no problem.

Startup Expenses and Capitalization

basically i already did this back when i was building the niche to find the cost of the product i was thinking about but lets see

business:

Example: not real

website:$10

call center: $10

price to make product: $1000/by how many people you think you might sell too

support for website: $10 a month

total: $130 a month lets say

then where are you going to get the money

job

selling something

collateral (this is big but i dont want to go into it now)

Financial Plan:

Where the above is the startup of expances and money this is where do you go from there

if the business requires you to spend $130 a month how much is that in a year and what other expances are there

what about the money where else is it going and when will the money start flowing back to the lender and you

THIS is important for the long term health of your business

Appendices:

basicly what in your plan did you need to get outside information you can put that there this is where your terms go that might be something someone unfermailer with your business may not understand.

Refining the Plan

Do this when you get done with something put it in appendices and Executive Summary that it and basicly you want to do something every day nothing big just something small.

Maybe it is:

Calling a master of your niche up

Calling your comutions up (although several people in a closed system would not like that)

reading books

watching DVD’s

whatever

here is the link where you can get a free business plan

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2 responses to “business plan what is it and why you might need it but not for what you might think

  1. Nice blog! I was wandering if you knew of any resoucres that teach the slide guitar?

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