Introduction: Think about your approach to
writing other formal reports—
what requirements were
Develop your writing style to meet the expectations
for writing a formal business plan.
Know the format expectations for a formal
Major parts of a comprehensive business plan:
Sample cover page
Name of Business
MGT253 – Owning & Operating a Small
Sample table of Contents
Table of Contents
I. Executive Summary 1
II. Marketing Plan 2
• Target Market Analysis 2
• Competitive Analysis 3
• Location Analysis 4
• Price Determination 5
• Marketing Approach 5
III. Operational Plan 6
• Management Audit 6
• Employee Relations 7
• Operational Controls 8
IV. Financial Plan 9
V. Strategic Plan 10
Page Format guide
[1-1/2 inches from top of page]
[2 blank lines]
Provide an introductory paragraph to each major section of your
business plan. These will probably be: Marketing Plan, Management
Plan, Financial Plan, and maybe Strategic Plan.
[2 blank lines]
[1 blank line]
The sub-headings help the reader move through the plan, so use them
as needed. Your headings and sub-headings could be a font-size
larger than your text body. This sample is using 14-point type for the
body and 16-point for the headings—which are also bold. The body
will be typed in single-spaced format, using 12- to 14-point type.
[1 space between paragraphs]
When your content is drawn from resources, you should include the
relevant pages from those resources and reference them in a
parenthetical note (see Appendix A). All your appendices will be
together at the end of your plan. The page numbers will not continue,
but each appendix will be labeled A, B, C, etc. You could type a cover
page at the beginning of that section, and you will always label each
appendix as shown on the next page of this description.
When you reach the end of a major section, just stop there (mid-page)
and start the new section (Management Plan or…) as shown above.
Appendix format guides
[1-1/2 inches dow n, same font as prior headings]
You may want to have an introductory paragraph (as in other
sections) to describe the significance of the appendix. But, in any
case, your appendix should be clearly marked regarding the
significance of the content. In other words, emphasize which part of
the appendix display is important to your business plan content. See
In the above sample, I’ve copied a MapQuest image by:
1. Locate your business address in Mapquest.com.
2. Scroll up and enter business type (your competitors), and search.
3. Scroll down to center the map (which now has competitors located),
and press ―print screen‖ key (upper-right portion of keyboard).
4. When print screen dialog box appears, click on ―Save screen‖, then
identify where you want to save it and the file name you wish to use.
Copying Mapquest Image, continued.
5. Open a blank Word document and select ―Insert‖ from the top menu
bar, click on ―Picture‖, and choose your saved map.
6. First, note the names, of the list of competitors on the list that
appears on the left-hand side of the page.
7. Second, click on the image, then click on ―Format‖ from the top
menu bar. Locate the ―Crop‖ feature (toward to right-end of selection
8. Locate the corner markers on the image and move inward to
eliminate excess from the map. Click on area outside map, then click
on the map to move corners to size the map to desired point, and
center the image.
9. Click on ―Insert‖ from the menu bar, then ―Shapes‖, choose the
circle, and click on the image to stretch the circle around your
business location to the desired radius (showing your market reach).
10. Locate the ―fill‖ icon and choose ―no fill‖.
11. Then, right-click on the image, choose ―copy‖ and then ―paste‖ as
many times as you have competitors noted on the map.
12. Move the circles to represent each competitor’s market reach.
13. Use left-arrow to locate cursor to left of image, and type the
Appendix title line and your initial paragraph that introduces the map.
14. Once you are satisfied with the look of the Appendix (size of font,
etc.), print the document.
In any case, do not print the entire web-page (with all the garbage)
and include it in your plan. Your appendix should look clean and
Appendix format guides
In another example, as before, you will want to highlight the parts of the
document or table that are important for your business plan documentation.
This can be done by using a yellow highlight or a box drawn around the
selected paragraph of a journal article (referenced in your business plan).
Your library has many news services on-line, so it is relatively easy to copy
text to a Word document, as I have done below:
For Some Small Businesses, Recession Is Good News
By Stacy Perman
The current economic picture is certainly a gloomy one, with massive layoffs,
bankruptcies, the collapse of financial institutions, and a severe credit crunch.
But the recession has also injected life into a slew of small businesses that are
thriving either in spite of or because of the economic downturn, giving new
relevance to the old adage that one man's misfortune is another's opportunity.
Among those businesses that are thriving are pawn shops and thrift stores,
which have traditionally catered to those in tight financial straits and which
have historically seen an uptick during economic slumps. They're reporting
higher volumes of business and even a broadening of their customer bases
among those who have recently found themselves with greatly diminished
stock portfolios or among the unemployed. "More people are trying resale than
may have done before," says Adele Meyer, executive director of the National
Association for Resale & Thrift Shops, a trade association based in St. Clair
Shores, Mich. "And once people shop resale they realize what value and quality
they're getting for the price. They become hooked, and this becomes their way
of shopping." Now, many thrift stores are finding that their inventories are
running especially low: Business is booming, and goods for resale aren't being
replenished as fast or as easily.
Comprehensive Business Plan Guidelines
Your business plan is very important to your success. It represents your ―road map‖
toward a successful venture. Without it, you will wander, and risk entering uncharted territory.
These guidelines do not address every aspect of every possible business plan. You should consider more
questions than are posed for each section—be sure to ask them—your success depends on the
completeness of your planning process. A haphazard attempt will yield less than satisfactory results.
Each numbered section below (I, II, III, etc.) should be a page heading (see sample), while other lettered
items will probably be one to three pages long—depending on the depth of coverage desired.
I. Title Page
The title page should contain the following items, double-spaced, horizontally centered, and positioned just
above the center of the page: business name, address, phone number, and owner’s (name(s).
II. Table of Contents
The Table of Contents should list the title of each section of the document and indicate the page number
where each is located. It should also list specific support items (appendices) by name. This page will
be done last, since it requires the entire document as input. It allows the reader to quickly locate
III. Business Concept or Executive Summary
The Business Concept, or Executive Summary, should be a one-page explanation of what your
business is and its competitive advantage. Provide a clear description of the industry in which
you are competing and a precise explanation of your business’ unique qualities that set your
venture apart from others that are competing for the same customers.
• Describe your primary industry (e.g. video store would be in entertainment industry)
• What is the projected growth potential (percentage) for the industry in 5 years? 10 years?
• What external factors (economic, social/cultural, legal, technological) will influence this trend?
Specific Business Description:
• What makes your product/service unique from its secondary (industry) competition?
• What is the growth potential for your specific business in 5 years? 10 years? (percent or dollars)
• What characteristics describe the nature of the ongoing trend? (causes continued success)
• What internal factors (personal skills, product/service features) will enhance your market entry?
Vision and Mission :
This section should also contain your vision and mission statements.
IV. Marketing Plan
This section should contain a narrative description of these factors:
A. Product/Service Description
• What needs/benefits are sought by your customers?
• Specifically, how does your product/service meet those needs/benefits?
• How is your product/service unique from the competition?
• What customer services do you provide to support the central product/service?
B. Target Market
• What needs/benefits are sought by your customers that your product/service satisfies?
• When, and under what circumstances, does your customer buy your product or service?
• Describe the volume and frequency of your customer’s purchases.
• Based on available data, what is the expected volume of your target market?
• Of that target market, what is the projected volume of actual paying customers?
•Will your product/service be sold to retail customers or other businesses?
It is important for you to develop a clear mental picture of your ideal customer. Use the following
descriptors to the best of your knowledge. The first set is for end-users. The second set is for business
If selling to retail customers, describe them using the following factors:
•goals and aspirations.
If you intend to provide a product or service to another business, your description will include:
•Priority placed on purchasing your product
•Projected image of the business
•Markets that the business services
•Trade organizations and memberships
•Trade publications read by their managers
A description of your competition should answer the following questions:
•Who are your major competitors?
•Why are they successful?
•What substitutes are there for your product?
•What impact to these substitutes have on your sales?
•What distinctive differences separate you from your competitors?
•Why should customers leave your competitors to choose your product?
•What market share do you expect to get? Why?
D. Location Analysis
Describe your business location and how it will enhance the sale of your product or service. Your
description should answer the following questions: (Note: adjust questions to adapt to home -based)
•Where do you intercept your customer (physical location, website, phonebook, other) ?
•What strategic advantages do you have at this interception location?
•Is there opportunity for expansion?
•What are the neighboring businesses?
•Do they complement or detract from yours?
•Are building renovations needed? If so, at what cost?
•What is the zoning classification? And, is it consistent with your venture?
•Is the neighborhood stable, changing, improving, deteriorating? How?
•How is customer access, parking, etc.?
(NOTE; Include in the appendix a photograph of the building, a drawing of the immediate area showing
road access and identity of adjoining businesses, and a drawing of the floor plan of your business.)
E. Price Determination
A description of the price structure for your product or service will answer the following questions:
•Describe how your price structure will result in a profit margin (Income minus fixed and variable costs)
•Describe how the price of your product compares to the relative value seen by the customer.
•How does your price compare with the competition’s price?
•Why will customers pay your price?
•What image will be projected by this price?
•What special advantages do your customers get that is included in the price?
•Will you offer credit terms? What will they be?
F. Marketing Approach
A description of your marketing effort should answer the following questions:
•What are the preliminary or test market results, if any?
•Where (or from whom) do your customers seek information about purchasing your product or service?
•How will your image be clearly and consistently conveyed to potential buyers?
•Which media are most suitable to intercept your target customer?
•How will you evaluate the effectiveness of each advertising and promotional effort?
•What publicity and public relations methods will you use?
•How will a sales staff be used? Evaluated?
V. Management Plan or Operational Plan
This section contains a description of who will run the business and how they will do it, including
A. Management Team
Your description of how the business will be managed will answer the following questions:
• What business management background do you have?
• How will that experience help drive the business?
• How is the education and/or experience of key people related to this type of business venture?
• What legal form will you use—corporation, partnership, proprietorship, etc.?
• Who does what? Who reports to whom?
• What other resources are needed, and who will provide them (accountant, lawyer, etc.)?
(NOTE: Include in the appendix the resumes of key personnel.)
B. Employee Relations
Your description of your methods for hiring, training, and communicating with your staff will answer
the following questions:
• What are your personnel needs now? In the future?
• What skills will be required?
• How will you go about hiring and training?
• What salary and benefits will be provided?
• How will you determine and communicate wage increases to employees?
• What personnel policies will be provided to your employees?
C. Operational Controls
Your description of the kinds of management systems and how they will be used will answer these
•What are the major functions that must be done in your business in order to survive?
•Outline the key functions that make-up the core of your business. (if missing, will cause failure)
•What is your production capacity?
•What operating advantages do you have? How will you capitalize on them?
•What elements are critical to your success? How will you make sure they are available?
•What will be the key indicators of success?
•How will you monitor these factors?
•What hazards do you anticipate for your business? What protection and/or alternate plans do you
•What policies will you establish for the operation of your business?
VI. Financial Plan
A description of how your business will be financed and how you will maintain a sound financial
condition will answer the following questions:
A. Current Funding Requirements
•How much money will be needed to start your business?
•What will be the sources of start-up capital (debt, equity, etc.)?
•What business and personal assets will be pledged as collateral?
B. Use of Funds
•How will the money be spent (working capital, debt retirement, capital expenditures, acquisitions,
•How will borrowed funds make your business more profitable?
C. Long-range Financial Strategies
• How will you liquidate your investors’/lenders’ position?
• What terms of repayment are feasible?
• What backup plan will be used if repayment cannot be accomplished as planned?
To support this section, several financial statements will be required as appendices, such as the
• Personal financial statement for the owner (not required of management students)
• Business start-up costs
• Proforma cash flow analysis (expected for next year)
• Balance sheets (actual for previous two years, projected for next year)
• Income statement (actual for previous two years, projected for next year)
• Capital equipment list
VII. Strategic Plan
It is important to include a description of where you want your venture to be in the next few years and
how you intend to achieve your goals. This strategic plan should focus on years two through five,
and include descriptions of the following items:
• Strengths and weaknesses within your organization
• Opportunities available to your business (and your competitors)
• Threats impeding your business progress (and your competitors).
• Strategies that use the previous four factors to enhance business performance
Using the preceding four factors, you should describe strategies that use your strengths to take advantage
of opportunities and overcome threats; and strategies to reduce weaknesses and avoid the threats to your
business. The strategies should identify intermediate goals (yearly) and the marketing, management, and
financial resources to be used to achieve these goals.
To support the text of this plan, you should provide substantial documentation of claims made in your writing.
Here is a list of potential items:
•Market research data
•News articles about industry trends
•Map of trading area
•Site map (showing access, parking)
•Picture of business location
•Floor plan of building
•Advertising samples See sample plan for Lemon Delight
•Resumes of key people
•Capital equipment list
•Cash flow statement
Sample business plan
This sample plan is intended to demonstrate the appropriate writing style for a business
plan. Keep in mind that it is written more concisely than your plan in order to provide you a
quick study and because the business itself will be simplistic. Your business venture will
require more substance and therefore will have more volume—especially the Appendices.
The business plan example will be a lemonade stand that
caters to three middle-school markets. The plan is written, as
much as possible, in response to the questions posed in the
business plan guidelines provided in this course. These
guidelines here have been used by many entrepreneurs to
successfully acquire business loans and establish an
operational baseline for their venture. These guidelines are
reprinted in the Arizona Department of Commerce Small
Business Book (Entrepreneur’s Encyclopedia). This
publication is an excellent resource for small business
guidance and research because it includes up-to-date
resources to assist any business operation.
To acquire the Small Business Book, simply call the Arizona Department of Commerce’s
Business Connection at (602) 280-1480. In addition to the book, they will provide an incredible
supply of other resources—just ask for anything.
Writing a business plan is telling a story
about your business vision—in detail.
Use the information already acquired in
your “blue sheet” assignments to form the
structure—then fill-in the gaps.
1433 E. Link Street
Mesa, AZ 85202
Table of Contents
Executive Summary 1
Marketing Plan 2
•Target Market 2
•Competitive Analysis 2
•Location Analysis 3
•Price Determination 6
•Marketing Approach 6
Operational Plan 6
•Management Audit 6
•Employee Relations 6
•Operational Controls 7
Financial Plan 8
Strategic Plan (not included in sample)
The Lemon Delight lemonade stand is established to provide after school
refreshment required by middle-school children. Initially, it will provide only
two items: lemonade and chocolate chip cookies to satisfy consumer needs.
The Lemon Delight lemonade stand will be the choice of discriminating 10- to
12-year-old children in the Kyrene Middle-school neighborhood. It will
provide refreshing drink, tasty homemade cookies, and a place for friends to
gather. It’s financial success, based on increased demand, has stimulated
the establishment of three branch locations at nearby middle-schools and
managed by responsible 12-year-olds.
The Lemon Delight lemonade stand will be successful through the use of
fresh ingredients, grandma Christian’s prize-winning recipes, convenient store
hours immediately after school, and regimented production methods to
ensure consistent product quality. Personnel will be trained to provide
customers with respect and represent the business with a clean, professional
image. They will be rewarded for their efforts through a profit-sharing plan.
Current sales projections indicate that the business will sell 3,900 orders of
lemonade and cookies per week. This volume should produce an annual
income of $2,925 during a fiscal year that extends from mid-August through
May. The established price-structure is lower than existing commercial
cookie establishments because of lower overhead.
Our unique blend of personal service by contemporary-aged sales personnel,
fresh home-made cookies and lemonade made from real lemons, and stand
locations adjacent to the school grounds will sustain a good profit margin.
This portion of the plan will focus on an analysis of Lemon Delight’s
target market and competition in that market. It will also identify the
important factors relating to the choice of location, price structure for the
product, and the approach that the business will use to attract target
Target Market Analysis
Lemon Delight’s target market consists of children in grades four
through six that attend middle-school in the Kyrene School District.
Survey results (see Appendix A) indicate that 83% of the 984-student
population of three target schools will actively seek a snack consisting
of cookies and lemonade at least one day per week. It has been
determined that the optimum hours for the stand will be from 3:00 p.m.
to 4:30 p.m., immediately after classes are dismissed for the day.
Based on available data, 20% of the total market of 550 students in
Middle-school #1 will seek one serving (1 lemonade & 2 cookies) one
day per week. This will produce a customer traffic volume of
approximately 110 students per week (440 per month).
The target customer profile will be primarily male, age 10 to 12. They
have an active interest in sports, like to socialize with fellow classmates,
and have an average allowance of $5 per week. They live in an upper-
middle-class community and have relatively flexible time to return home
after school either by use of bicycles or skateboards.
The immediate area around the school is devoid of direct competition.
However, within three blocks to the East, a Circle K provides packaged
cookies and soft drink choices. Within four blocks to the South is a
Safeway grocery store that provides individual cookies, packaged
Competitive Analysis, continued.
cookies, and soft drinks. Occasionally, there are stand-alone lemonade
stands that will provide a similar venue to Lemon Delight, however, their
product quality varies widely and their presence is too inconsistent to be a
competitive threat. Aside from these commercial choices, many children
acquire these products when they arrive home from school.
Circle K and Safeway provide a convenient, consistent product at affordable
prices and are on the homeward route for many students. They have a
recognizable name and extensive product line from which to choose. It is
determined that they will, collectively, take away approximately 10% of our
Lemon Delight’s competitive advantage lies in the fresh-made, natural
ingredients that are used in the manufacture of its products. The immediacy
of the business’ location to the school grounds and the engaging personality
of the staff provides a more inviting meeting place than competitors can offer.,
Also no competitor offers home-made lemonade nor the immediate venue for
camaraderie., the market share for Lemon Delight is 90% of the expected
A key ingredient to Lemon Delight’s success is its prime location. Located at
the corner of First Street and Messina, it is on the most prominent corner of
the middle-school yard—where most of the target market naturally
congregates. It has a spacious, grassy area, and four permanent benches
adjacent to the food cart location. This is a strategic location because it
catches the target prior to their travel home, and while they are still in direct
contact with their school friends (see Appendix G, Location Map).
Since the school is located in a primarily residential neighborhood, there are
few other businesses to complement or detract from the business image. In
the adjoining block, just Northwest of Lemon Delight’s location, is a YMCA.
This business has a wholesome quality and an image that attracts target
customers to the business area.
Location Analysis, continued.
Since the business is new, the physical assets are in good shape with no
immediate renovations expected. The food-cart/counter is sturdy and
provides space for storage of paper goods and transport of fresh lemonade
and cookies each day (see Appendix F, picture of cart).
The food-cart business is licensed with the City of Phoenix with a permit to
locate on city right-of-way property in zone 2. Management of Lemon
Delight has an agreement with the school administration that allows the
business of operate as long as there is no evidence of negative behavior on
school grounds as a result of its presence there. (See Appendix G, school
Students who ride their bicycles leave them in the school bike racks until
ready to go home. Students who are on-foot are under the supervision of
crossing-guards (that are on-duty during the entire time Lemon Delight is
open for business) as they walk across the street to head to their homes.
Since Lemon Delight’s target consumers are on a limited budget, price is an
important part of the marketing effort. Each serving of lemonade (8 oz.)
costs eight cents, each pair of cookies costs nine cents, and overhead costs
are approximately six cents per serving. A modest retail price of 75 cents
would yield a 52-cent profit on each transaction.
A similar purchase at Circle K or Safeway has a retail cost of $XX. Even
though there is less variety of product, the favorable price differential for
Lemon Delight’s products will attract many customers. The management at
Lemon Delight also offers special incentives for regular purchase. All sales
will be cash—no credit accepted.
The results of a survey administered to 265 students as they were leaving
school indicated that 53 students (20%) would purchase a snack of two
cookies and a lemonade at least one day per week after school. The 20%
factor was then applied to the entire school population of 550 students. 4
Marketing approach, continued
Clearly, word-of-mouth promotion of Lemon Delight’s products is the most
common source of business. To promote this, periodic efforts include a
―Bring a friend, get a cookie‖ campaign to familiarize new people to the
business. Since the image of the business focuses on ―fresh and friendly‖,
cookies are stored in air-tight clear-glass containers and the clerks are
trained to exhibit customer-friendly attitudes at all times.
To assist the word-of-mouth efforts by our loyal customers, flyers will be
used to communicate up-coming specials. The school administration has
graciously allowed the distribution of flyers in school in exchange for a
contribution to the PTA of 10% of any special event profits (see Appendix J,
Advertising Flyer, and Appendix H, School Agreement).
Daily sales totals are examined for buying trends, and analyzed for every
special campaign to determine its effectiveness. Sales staff is evaluated on
daily sales volume and customer comments. Personnel who exceed
expected volumes are provided a 25% profit-sharing bonus.
The operational plan for Lemon Delight will identify the qualities of the
management team and show how they drive the business and describe the
personnel policies. It will also explain how the operational controls will
enhance the efficiency and profitability of the business.
The management of Lemon Delight is comprised of one person—Rod
Christian. He is the sole proprietor and assumes the entire responsibility for
the operation of this business venture—including purchase of materials, care
of the cart, managing funds, and design/delivery of marketing efforts..
His management and leadership experience includes fourth-grade class
president, a lead role in the fifth-grade class play, and presently captain of the
soccer team. He acquires bookkeeping guidance from his father, who owns a
business, and acquires kitchen guidance from his mother. This background
effectively drives this business because it has provided leadership, cooking,
and administrative qualities that are necessary for this business to survive.
The business is organized as a sole proprietorship, and as such, will be under
the total control of Mr. Christian. Guidance for the technical aspects of the
business will be acquired from his parents, and sales activities will be aided
by qualified students. The books will be simple—no accountant will be
needed (see Appendix K, Management Resume).
He is supported by two employees with alternating work schedules of two
days one week and three days the next. If one person cannot be to work, the
other is on call to serve as a ready replacement as needed. Both will work
special events that draw larger customer numbers (see Appendix I, Employee
Skills required to be a member of the sales team will include an engaging 6
personality, ability to count and make change, and neat appearance.
Employee Relations, continued
The process for hiring will be informally accomplished by approaching potential
candidates (primarily 7 th grade girls) and inquiring about their availability to
work. They will be paid a salary of $6 per hour and profit-sharing plan for
special events which should be enough to attract top-notch candidates, keep
them to avoid retraining time, and encourage good performance.
While only two people are needed at start-up, if the venture is successful,
expansion to two other target schools will involve the recruitment of four more
individuals. An evaluation and incentive plan will encourage top-end
performance and profit-sharing for good performers (see Appendix I, Employee
The maximum capacity of Lemon Delight will be 65 servings per day (1-1/2 hour
window after school). This will be possible because the cookies will already be
packaged in small paper bags for easy retrieval. Preparation for each day’s
business will be done prior to going to school in the morning and product will be
organized in the lemonade cart and ready to go.
Key to the success of the business is: reliable service, high-quality products,
friendly sales people, competitive pricing, and accurate accounting. These
factors are detailed on checklists to assure that all preparatory steps are
accomplished. Sales staff is trained and coached as needed to assure
consistent service delivery.
Anticipated hazards that could negatively affect the business could include rain.
If rain is anticipated, the owner’s father has a golf umbrella that is large enough
to protect the cart and immediate selling area. However, rain is sure to slow the
sales for days it occurs. To avoid losing too many sales, ―rainy-day specials‖
would provide incentives for students to still stop and purchase.
Policies for the operation of the business include: no credit—only cash, no
rowdy behavior in the immediate area, customers are to be treated with respect,
and the area will be kept clean—no trash anywhere.
This financial plan will show the immediate needs to run the business, the
contribution to this effort by the principle owners, and the impact of our
unusual business cycle (no sales during summer months). It will also show
the long-range strategies for financial success.
Current Funding Requirements:
The start-up requirements to establish Lemonade Delight is minimal. The
fixed capital costs for the business will require $20 for a cooler, $25 for
equipment (see Appendix D, Start-up Costs). Working capital needs will be
$10 for initial advertising, $100 for food vendor license, and $10 reserve cash.
The start-up capital requirements total $165.
The owner’s equity contribution will be $40; drawn from accumulated personal
savings. Remaining funds will be acquired through loans to the business from
the owner’s parents. The lending agreement calls for total interest and
principle payments of $15 per month at a 5% interest rate.
Since expected return on investment (ROI) for the business is projected to be
17%, the loans will contribute to business profitability because they allow the
acquisition of needed equipment at an interest rate that provides 12% leverage
on the borrowed funds (see Appendix C, Income Statement).
The projected business cycle identifies three months (June, July and August)
where cash flow will be zero because school will be out of session. The owner
will, however, open the stand on special occasions as appropriate. (see
Appendix E, Cash Flow Projection).
Long-range Financial Strategies:
Because the demand for Lemon Delight is expected to grow rapidly, the
business intends to expand to two other locations; one in January and one in
March. This will require an additional $50 for equipment. This expansion
effort will be funded from the accumulation of profits during the first months 8
operation (see Appendix C, Income Statement).
This sample plan will not include copies of the
appropriate appendices, but at this point it
would be appropriate to include:
A Marketing study questionnaire and results
B Start-up costs and/or Capital Equipment list
C Income Statement
D Balance Sheet
E Cash Flow Projection
F Picture of physical location
G Drawing showing streets, access,
neighboring businesses, traffic flow, etc.
H Permission contract with the school principal
I Employee manual
J. Advertising samples
K. Resume of Management