Import from Microsoft Excel If you already have financial data in Microsoft Excel, you can easily import it and link it to your forecast. You can name, format, and include these tables as part of your plan.
Find environmental programs and resources that could help improve your business. E-business strategy Effectively using information technology is an important part of managing a business. In this section, you should chart for business plan how you plan to use internet technologies to reach customers, manage your business, and reduce costs.
You should include information about: Discover some of the many ways you can use information communications technologies to your advantage. Financial forecasts and other information This section of your business plan essentially turns your plans into numbers.
As part of any business plan, you will need to provide financial projections for your business. Your forecasts should run for the next 3 to 5 years.
However, the first 12 months' forecasts should have the most detail, including assumptions both in terms of costs and revenues, so investors can clearly see the thinking behind your numbers.
As you put your plans down on paper, remember the importance of thinking objectively. Analyzing your venture from three points of view — optimistic, pessimistic, and realistic — can give you a solid idea of what to expect as you move forward.
Your financial forecasts should include: Include working capital, salaries and sales. How much capital do you need, if you are seeking external funding? What security can you offer to lenders? How do you plan to repay any borrowings? What are your sources of revenue and income?
Your forecasts should cover a range of scenarios, and you should include the contingency plans you've developed to offset any risks. You can also review benchmarks and averages for your type of business and discuss your business' position. Find out how your business measures up to others in your industry with this benchmarking tool.
Early planning will give you the opportunity to consider all of your options, including strategies that may take time to implement. For example, if you plan on passing your business on to your children, you'll need sufficient time to train them and integrate them into your business.
As you prepare your exit strategy, you will want to ask yourself the following questions: When do I want to leave my business? What do I want to do with my business? Options include selling it, passing it on to a family member, or closing the business and liquidating its assets.
How will I determine the value of my business? How much money will I require to lead a comfortable life after exiting my business?
Once you considered your options and set objectives, it's time to add an exit strategy to your business plan. Although you may not be exiting your business for some time, a solid strategy will be a roadmap to your future goals.
Find the right strategy for selling your business or handing it over to someone else. Additional resources You'll want to thoroughly review your plan once it's done.
Try to avoid using jargon — the person reading your plan may not understand your businesses as well as you do. You can ask friends, family, associates, and mentors to review it. Don't be afraid to seek advice from professionals such as lawyers and accountants.
You may also want to consider hiring a professional proofreader to check for errors.
Remember, your business plan represents your business, so you want it to be as professional as possible.Accounting > Chart of Accounts. Chart of Accounts. The chart of accounts is a listing of all the accounts in the general ledger, each account accompanied by .
Help at every step. Our business planning expert, Tim Berry, provides advice and guidance at every stage of your plan. Business Plan Pro takes the guesswork out of writing a business plan.
Nov 12, · How to Write a Business Plan. Creating a business plan will help you achieve your entrepreneurial goals. A clear and compelling business plan provides you with a guide for building a successful enterprise focused on achieving your personal.
This chart is licensed under a Creative Commons Attribution-NoDerivatives International License. (Revised January 21, - alphabetnyc.com). Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get.
The business plan is the key ingredient for a successful business and is often ignored. This session shows you how to create an individualized business plan, and provides the tools to make it easy. The primary value of your business plan will be to create a written outline that evaluates all aspects.