Business Plans

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					Business Plans
“For Everyday Use”
What’s the #1 reason for small
business failures?
What’s the #1 reason for small
business failures?
• Lack of planning
What’s the #1 reason for small
business failures?
• Lack of planning

• How much time should you spend
 planning?
   What’s the #1 reason for small
       business failures?

• Lack of planning

• How much time should you spend
 planning?

• Plan to succeed
Why is a business plan important?
Why is a business plan important?

• It is your blueprint to success
Why is a business plan important?


• It is your blueprint to success

• It is one of your most important company
  documents
Why is a business plan important?


• It is your blueprint to success

• It is one of your most important company
  documents

• You cannot obtain a business loan without
  a business plan
Make your business plan a work in progress
The Yale Study
           The Yale Study

• 3 percent planned

• 97 percent did not plan
            The Yale Study

• 3 percent of the class

• Owned 97 percent of the assets
 Business plans help you to …



• Focus on your goals

• Reach your destination
             Example of Goal
• Make all goals measurable

• Example: To earn $120,00 in 2006

• You need to earn $10,000 per month or $2,500
  per week

• Monitor, Monitor, Monitor …
  Sample Abaca Business Plan

• Table of Contents
• Executive Summary
• Company Profile
• Industry Analysis
• Competitive Analysis
• Site Analysis
Management Structure
• Marketing Strategies/Marketing Plan
• Loan Package
• Financial
  – Income and Expense Statements
  – Cash Flow Statement
  – Balance Sheet
• Appendix
  – Contracts
  – Lease
  – Copies of your business licenses
  – Articles of Incorporation
  – Details of “Use of Loan Funds”
  – Other
      Product Life Cycle


• Introductory Phase
• Growth
• Maturity Phase
• Decline
      Become A Great Thinker


• Stu Leonard
• Timex
• Best Products & Service Merchandise
• Toys R Us
• Wal-Mart
  Evolution Occurs in Business


• Peoples Drug Stores

• CVS

• Walgreen
Don’t Let Anyone Steal Your Dream

• Sylvester Stallone

• Col. Saunders

• Walt Disney
The Rule of Seven

				
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posted:9/14/2012
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