HTML Preview Sample Startup Business Plan for Restaurant page number 1.


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Business Plan for a Startup Business
Thebusinessplanconsistsofanarrativeandseveralfinancialworksheets.Thenarrative
templateisthebodyofthebusinessplan.Itcontainsmorethan150questionsdivided
intoseveralsections.Workthroughthesectionsinanyorderthatyoulike,exceptfor
theExecutiveSummary,whichshouldbedonelast.Skipanyquestionsthatdonotapply
toyourtypeofbusiness.Whenyouarefinishedwritingyourfirstdraft,you’llhavea
collectionofsmallessaysonthevarioustopicsofthebusinessplan.Thenyou’llwantto
editthemintoasmoothflowingnarrative.
Therealvalueofcreatingabusinessplanisnotinhavingthefinishedproductinhand;
rather,thevalueliesintheprocessofresearchingandthinkingaboutyourbusinessina
systematicway.Theactofplanninghelpsyoutothinkthingsthroughthoroughly,
studyandresearchifyouarenotsureofthefacts,andlookatyourideascritically.It
takestimenow,butavoidscostly,perhapsdisastrous,mistakeslater.
Thisbusinessplanisagenericmodelsuitableforalltypesofbusinesses.However,you
shouldmodifyittosuityourparticularcircumstances.Beforeyoubegin,reviewthe
sectiontitledRefiningthePlan,foundattheend.Itsuggestsemphasizingcertainareas
dependinguponyourtypeofbusiness(manufacturing,retail,service,etc.).Italsohas
tipsforfinetuningyourplantomakeaneffectivepresentationtoinvestorsorbankers.
Ifthisiswhyyou’recreatingyourplan,payparticularattentiontoyourwritingstyle.
Youwillbejudgedbythequalityandappearanceofyourworkaswellasbyyour
ideas.
Ittypicallytakesseveralweekstocompleteagoodplan.Mostofthattimeisspentin
researchandrethinkingyourideasandassumptions.Butthen,that’sthe
valueofthe
process.Somaketimetodothejobproperly.Thosewhodoneverregrettheeffort.And
finally,besuretokeepdetailednotesonyoursourcesofinformationandonthe
assumptionsunderlyingyourfinancialdata.
Ifyouneedassistancewithyourbusinessplan,contactthe
SCOREofficeinyourareato
setupabusinesscounselingappointmentwithaSCOREvolunteerorsendyourplan
forreviewtoaSCOREcounseloratwww.score.org.Call18006340245togetthe
contactinformationfortheSCOREofficeclosesttoyou.
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If it really was a no–brainer to make it on your own in business there’d be millions of no–brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Nobody would be left to round out the workforce and execute the business plan. | Bill Rancic