Explain the advertisement methods that your business will use to capture its target market. Define the strategies that your business will use to retain its customers, as well as generate referral business. Include price points and expenses that will generate from these strategies.
Include information on the expenses that pertain to each, such as mortgage or lease payments, utilities and equipment warranties. Provide details about your business legal requirements, such as permits, zoning compliances and environmental regulations.
Explain how your business completes its operations, maintains quality, controls inventory, develop products and services customers. List the responsibilities and functions of your executive and senior employees. List the number of employees that your company maintains and identify each department. Create an organizational chart for an easy visual reference. Identify the pay rates for each employee, along with the training methods and requirements for each employee.
Identify any vacate positions and include information on the pay ranges for those positions. Provide information on your business finances. Complete a personal financial statement for each owner of your business. Provide a balance sheet, income statement and cash flow statement for your business. Include a five-year projection if your company seeks to include long-term goals and projections.
Complete an executive summary for your business plan. Create a table of contents and an appendix for the plan. Generate the table of contents so that it references the exact pages to where each section begins. Include supporting documents in the appendix, such as receipts, tax returns and accounts payable schedules.
Label each supporting document accordingly and organize the documents so that they are organized in the order in which they are referenced. Writing professionally since , Charmayne Smith focuses on corporate materials such as training manuals, business plans, grant applications and technical manuals.
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Business acquisitions, franchise purchases and newly developed products are just some of the events that might prompt an existing business to create a business plan. Existing businesses use the business plan to monitor their expenses, define their strategies and benchmark their progress.
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