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The_Secret_To_Locating_Startup_Capital___An_Internet_Business_Plan

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					Title:
The Secret To Locating Startup Capital : An Internet Business Plan


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583


Summary:
Any individual thinking of starting his or her own business is going to need the funds to get off the ground.
Procuring funds can be difficult, as financial institutions and investors want to know where there money is
going to be put to use and whether the business they invest in has potential. Obtaining loans and funding
isn't guaranteed, but having a business plan to show potential investors is a good way to increase the
chances.


The business plan serves a few basic purp...



Keywords:
work at home, works at home, home business, business opportunity, home based business, job listings



Article Body:
Any individual thinking of starting his or her own business is going to need the funds to get off the ground.
Procuring funds can be difficult, as financial institutions and investors want to know where there money is
going to be put to use and whether the business they invest in has potential. Obtaining loans and funding
isn't guaranteed, but having a business plan to show potential investors is a good way to increase the
chances.


The business plan serves a few basic purposes. It serves as an internal document for your company, helping
you to maintain your focus and work toward your goals. It also serves as an introduction to your company.
The most important function of the business plan, for those just starting out, is that of a marketing tool. The
business plan can convince investors that your company is a worthwhile investment.


The specifics of your business plan will vary according to your industry and your personal style. However,
there are certain key elements that should be included in every plan. The most important elements are,
perhaps, the "Four P's": Product - What you are planning to sell; Price - How much you will sell it for; Place
- Where you will sell it; and Promotion - How you are going to market it. It is also crucial that your business
have written vision and mission statements. The difference between the two is subtle but important. A vision
statement can be seen as an overall goal towards which the company will strive, and often begins with the
words "To Be." The mission statement can be seen as the practical means of achieving the vision.


It is extremely important that your business plan include a financial section. Utilizing available software
options, it is possible for a new business owner with no background in finance to write this section himself.
However, for right-brained people, it can be the most difficult section. It is always a good idea to have this
section reviewed by an accountant. In this section, you will utilize a variety of tables to show the expected
profits and losses of the business over time. Be sure to take into account seasonal fluctuations, such as the
increase in retail sales during the Christmas shopping season.


There is a wealth of information available on the internet to help you write your business plan step by step.
It is important to remember the purpose of a business plan, which in this case is to help you obtain funding.
In a sense, you must justify the existence of your company in its business plan. Investors want to know
whether they can expect a return on their investment, and they will look to your business plan to find that
out.


It should go without saying that you should never attempt to pad the numbers in your business plan. Savvy
investors will see through the charade, and you will not only fail to receive money from them, but you could
find yourself blacklisted, unable to secure funding from any source. At the same time, investors recognize
that your projections are merely an educated guess, so if you are careful to be as accurate as possible, there
is no need to worry.


While funding is never guaranteed, a solid, well-crafted business plan will go a long way toward convincing
investors that your business idea is sound. Reasonable estimates of your current and future financial picture,
coupled with a fine-tuned vision, should eventually lead you to the capital that you require.




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posted:7/23/2011
language:English
pages:2