Small BusinessSmall Business Loans NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. We adhere to strict standards of editorial integrity.
Capital equipment and supplylist C. Pro-forma cash flow -Follow guidelines for letter E. Supporting Documents -Tax returns of principals for last three years -Personal financial statement all banks have these forms -In the case of a franchised business, a copy offranchise contract and all supporting documents provided by the franchisor -Copyof proposed lease of purchase agreement for building space -Copyof licenses and other legal documents -Copyof resumes of all principals U.
This is an excellent question to ask. And, one that many newand potential small business owners should ask, but oftentimes don't ask. The body of the business plan can be divided into four distinct sections: Addendato the business plan should includethe executive summary, supporting documents and financial projections.
Description of the business In this section, providea detailed description ofyour business. An excellent question to ask yourself is: Remember, however, that as youdevelop your business plan, you may have to modify or revise your initial questions.
The business description section is divided into three primary sections.
Section 1 actually describes your business, Section 2 the product or service you will be offering and Section 3 the location of your business, and why this location is desirable some franchisors assist in site selection. When describing your business, generallyyou should explain: Legalities - business form: What licenses or permits you will need.
What your product or service is. Is it a newindependent business, a takeover, an expansion, a franchise? Why your business will be profitable. What are the growth opportunities?
How will franchising impact on growth opportunities? When your business will be open days, hours? What you have learned about your kind of business from outside sources trade suppliers, bankers, other franchiseowners, franchisor, publications.
A cover sheet goes before the description.
It includes the name, address and telephone number of the business and the names of all principals. In the description of your business, U.
Emphasize any special features that you feel will appeal to customers and explain how and why these features are appealing. The description of your business should clearly identify goals and objectives and it should clarify why you are, or why youwant to be, in business.
Successful business owners know or at least have an idea of what their customers want or expect from them. This typeof anticipation canbe helpful in building customer satisfaction and loyalty. And, it certainlyis a good strategy for beating the competition or retaining your competitiveness.
How your product or service will benefit the customer. What is different about the product or service your business is offering.
The Location The locationof your business can play a decisive role in its success or failure. Your location should be built around your customers, it should be accessible and it should provide a sense of security.
Consider these questions when addressing this section of your business plan: What are your location needs? What kind of space will you need? Why is the area desirable? Is it easily accessible? Is public transportation available?sba gov business plan the best sample srmvision.com outline pdf small planning Allanrich.
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“SBA loans are a good idea if a small business owner did not qualify for a traditional bank business loan and they have a specific use for the funds that will help the business grow, says.
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THE BUSINESS PLAN ROAD MAP TO SUCCESS WORKBOOK Training Module - 2 Workshop Objectives U.S. SMALL BUSINESS ADMINISTRATION 2 BUSINESS PLAN OUTLINE Below is an outline for a business plan. Use this model as a guide when developing the A. Loan applications B. Capital equipment and supply list.
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