Enter Your Name: Usiness LAN

BUSINESS PLAN
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SECTION 2: THE VISION AND THE PEOPLE
(Session 2): Describe convincingly that you are passionately committed to your new
business and have the realism to make inevitable hard choices.
THE PEOPLE
Work Experience Related to My Intended Business
(Session 2): Describe your work experience in the business you plan to start including a
list of your skills and knowledge, which will be required in your business.
Personal Background and Education Credentials

(Session 2): Describe yourself, including your education.
SECTION 3: COMMUNICATIONS
Computer and Communications Tools
(Session 3): Furnish a tabulation of each piece of equipment you intend to use including
a description and the budget for each. You can use the following as a guide.
Resource Requirements:
Communications
Enter a description and budget of all communications equipment.
Telephones
Enter a description and budget for all telephone equipment.
Pagers
Enter a description and budget for pagers.
Facsimile
Enter a description and budget for all fax equipment.
Computers
Enter a description and budget for all computer equipment.
Internet
Enter a description and budget for necessary Internet access and providers.
SECTION 4: ORGANIZATION
Business Organization
(Session 4): Explain the form of business organization you intend to use and why it is
best for your business.
Professional Consultants
(Session 4): List the names of your lawyer, accountant, insurance agent and any other
professionals.
SECTION 5: LICENSES, PERMITS AND BUSINESS NAMES
Due Diligence Procedures for Licenses, Permits and Business Names (Session 14):
List the following:
DBA: List the name you intend to do business as
Zoning: Indicate if the zoning if appropriate for your intended office location
Licenses: List the appropriate licenses you will need at the local, state, and federal level
Local:
State:
Federal:
Trademark: Indicate your trademark intentions if any exist
Sellers Permit: List any sellers permits that you may need
EIN: Indicate if you will obtain an employers identification number
SECTION 6: INSURANCE
Insurance
(Session 6): List the forms of insurance coverage including costs are anticipated.
SECTION 7: PREMISES
Location Criteria
(Session 7): Outline your location criteria.
 Space requirements
 Future requirements
 Site analysis study if needed (attach)
 Demographic study if needed (attach)
 Lease check-off list (attach)
 Estimated occupancy cost as a % of sales
 Zoning and use approvals
SECTION 8: ACCOUNTING AND CASH FLOW
Accounting
(Session 8): Furnish, as a separate exhibit of your starting balance sheet and projected
income statements for the first six months to one year.
Cash Flow Planning

(Session 8): Provide a separate exhibit of your one year cash flow analysis including
estimated sales, all costs and capital investments.
Provide a checklist of all expense items for input into your cash flow projection.
Analysis of Costs
(Session 8): What are all of my costs: fixed, variable, product, delivery, etc.
Internal Controls
(Session 8): Explain your: Intended internal controls and cash controls, check signing
policy, strategy for controlling shrinkage and dishonesty and control of incoming
merchandise.
SECTION 9: FINANCING
Financing Strategy
(Session 9): Provide a chart or spreadsheet showing all of the sources of your start-up
capital. Explain any government assistance or loan guarantee programs you intend to
apply for.
If your business is for use with potential lenders, include a cash flow projection and
projected income statements to show sources of repayment of loans. Be conservative in
your forecasts.
List your sources of referrals to lending institutions. (Your accountant, etc.)

SECTION 10: E-COMMERCE
E-Commerce Plans
(Session 10): Describe in detail how you plan to use the Internet in marketing your
product or service.
E-Commerce Budgeting
(Session 10): Provide a detailed breakdown of the costs involved in creating, operating
and maintaining your e-commerce activities.
E-Commerce Competition
(Session 10): Describe how your best competitors utilize e-commerce and your strategy to
improve on their practices.
SECTION 11: ACQUISITIONS
Due Diligence Procedures for Acquisitions
(Session 11): List the following:
Your consulting team: Attorney, accountant, banker, broker, etc.
Verification of seller’s revenues: how you plan to authenticate.
Sellers records to be inspected: Financial statements, income tax returns, sales backlog,
cash deposit records, utility bills, accounts payable and receivable, backlog, financial
comparisons of similar businesses, etc.
Inspections and approval of leases and contracts.
Appraisals, as appropriate.
If a franchise, interview with randomly selected franchisees.
Finance plan for acquisitions: include sources including seller financing.
Market conditions.
Value of goodwill.
Method of purchase: stock, assets, etc.

SECTION 12: MARKETING
Marketing Plan
(Session 12): Describe your overall marketing and sales strategy including how you plan
to get and retain customers.
Advertising and Promotion Plans

(Session 12): Describe your plans and budgets for advertising and promotions.
Purchasing and Inventory Control

(Session 12): See “how to buy” checklist.
Training Policies
(Session 12): Describe your plans for hiring and training your sales associates.
The Competition
(Session 12): Describe your strongest competitors and how you intend to compete.
How I Plan to Take Advantage of Competitors Weak Points

(Session 12): List your competitor's shortcomings and how you can capitalize on them.
SECTION 13: GROWTH PROGRAM
Expansion
(Session 13): Describe your growth: You might include development of profitable pilot
operation, sources of financing, cash flow, accounting system in place, incentive
compensation plan for managers, benefits package and policies, economics of scale.
Handling Major Problems

(Session 13): Describe scenarios of adverse conditions and how you intend to respond to
them. For example, how you would plan to handle a 25% reduction in sales, or new
competitions, etc.
Prepare a cash flow projection based on lowered expectations and show how and where
you would reduce costs to maintain liquidity.
SECTION 14: INTERNATIONAL TRADE
Due Diligence Procedures for International Trade(Session 13):
List the following:
Export Counseling: List your sources of counseling including your export legal counsel.
Export Readiness: Describe the economic reasons and justification for your plans.
Outline the personnel, budget and procedures you plan to implement.
Agent/distributor Agreement: Provide a draft of your agent/distributor agreement and

the agents/distributors you are considering to do business with.
Analysis of Competitive Considerations: Explain the due diligence resources to be

used in the evaluation opportunities including appropriateness for your business.
Evaluation of Country Risk: Explain the resources to be used in the evaluation of

country risk (is the country in good standing?) including potential sources of financing.
Describe your plans to insure protection of your intellectual property rights.
Describe your marketing and advertising plans.
Evaluate potential problems regarding product adaptation to standards and

measurements.
Describe the licensing requirements for export or import of the product or service you
plan to market in international trade.

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BUSINESS PLAN

ENTER YOUR BUSINESS NAME

Enter today's date

Personal Background and Education Credentials

DBA: List the name you intend to do business as

Trademark: Indicate your trademark intentions if any exist

EIN: Indicate if you will obtain an employers identification number

Cash Flow Planning

List your sources of referrals to lending institutions. (Your accountant, etc.)

Your consulting team: Attorney, accountant, banker, broker, etc.

Verification of seller’s revenues: how you plan to authenticate.

Inspections and approval of leases and contracts.

If a franchise, interview with randomly selected franchisees.

Finance plan for acquisitions: include sources including seller financing.

Method of purchase: stock, assets, etc.

Advertising and Promotion Plans

Purchasing and Inventory Control

How I Plan to Take Advantage of Competitors Weak Points

Handling Major Problems

Agent/distributor Agreement: Provide a draft of your agent/distributor agreement and

Analysis of Competitive Considerations: Explain the due diligence resources to be

Evaluation of Country Risk: Explain the resources to be used in the evaluation of

Describe your plans to insure protection of your intellectual property rights.

Describe your marketing and advertising plans.

Evaluate potential problems regarding product adaptation to standards and

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