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OfflineChwyn
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Registered: 08/21/16
Posts: 1,238
Last seen: 1 year, 16 days
Writing a business plan
    #26012794 - 05/25/19 01:49 PM (4 years, 9 months ago)

Just wondering if anyone has written up a presentable business plan before? Here soon I will try to get a loan for a warehouse type building for mycological endeavors. I always disliked writing reports so Im having a difficult time putting my vision on paper. Just wondering if anyone here had experience.


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OfflineHigh Night Expanse
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Registered: 11/07/18
Posts: 330
Last seen: 1 year, 8 months
Re: Writing a business plan [Re: Chwyn] * 1
    #26012949 - 05/25/19 03:23 PM (4 years, 9 months ago)

Awesome avatar pic! You may want to try looking up bussiness plans online and change the table of contents to fit your bussiness then fill it in with relevant content.

No need to reinvent it all.

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OfflinegeokillsA
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Registered: 05/08/01
Posts: 23,563
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Last seen: 1 day, 16 hours
Re: Writing a business plan [Re: Chwyn] * 4
    #26012964 - 05/25/19 03:33 PM (4 years, 9 months ago)

Yes, and it can be a very time consuming process, particularly when it comes to sales and profit forecasting.  High Night Expanse is correct that there are plenty of templates available online that you can cherry pick to draw up your own plan.  For the sake of discussion, here's what I'd say...

Start with your Executive Summary, a concise paragraph that clearly explains the business, including its basic structure, owners, location and what purpose it will serve.

Follow up with a paragraph on Keys to Success.  Highlight a few aspects of your plan that will contribute toward its long term success.

Identify your Target Market Segments.  This specifies who is going to be buying your product and what your various distribution channels may be.

Detail the company structure (corporation/LLC/etc), its owners, their credentials (education/experience) and how their skills will work together to support the business in a section on Company Ownership & Management.

Make a Start-up Summary that lists all of the items, permits and/or licensing you will need to begin operation.

That's the easy stuff...

Then you need to work on Market Segmentation & Industry Analysis including Competition and Marketing Strategy, Sales Forecasting, Milestone Achievements & Forecasting, Website Strategy, Personnel Plan, Break-Even Analysis, Projected Profit & Loss and Projected Cash Flow.  These things will require you to gain a deep understanding of other businesses that are already competing in your sector, and then to extrapolate the data for your own operation.


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