Business Plan Check List

Business Plan Check List-33
Management/Principals List Key Management Positions Identify the Individuals who are expected to fill each Position Summarize each person's Experience Summarize each person s Accomplishments Organizational Structure Describe the Organizational Structure [Chart] Outline the Primary Responsibilities of each Management Position Identify the Individuals who are expected to fill each Management Position Professional Consultants Identify each Consultant used by the Business [Attorney, CPA, etc.] Include Consultants at the Small Business Development Center Ownership & Boards Identify the Owners of the Business & Their Ownership Interest Identify any Board Members [Voting, Non-Voting, or Advisory] Discuss the Operational and/or Review Roles of any Boards Summarize Business Experience of Board Members GOALS AND STRATEGIES In this section, you need to identify the business goals, determine the keys to success, and address your future plans.

Management/Principals List Key Management Positions Identify the Individuals who are expected to fill each Position Summarize each person's Experience Summarize each person s Accomplishments Organizational Structure Describe the Organizational Structure [Chart] Outline the Primary Responsibilities of each Management Position Identify the Individuals who are expected to fill each Management Position Professional Consultants Identify each Consultant used by the Business [Attorney, CPA, etc.] Include Consultants at the Small Business Development Center Ownership & Boards Identify the Owners of the Business & Their Ownership Interest Identify any Board Members [Voting, Non-Voting, or Advisory] Discuss the Operational and/or Review Roles of any Boards Summarize Business Experience of Board Members GOALS AND STRATEGIES In this section, you need to identify the business goals, determine the keys to success, and address your future plans.

Keys to Success Detail the Risk Factors that are Critical to Success Discuss the Contingency Plans for Risk Mitigation [Sales Goals not be Reached, etc.] Future Plans Address any anticipated Future Changes in Business Strategies Summarize the Customer Profile for Future Target Markets Address how the Business will move into Future FINANCIAL ASSUMPTIONS In the introductory paragraph of this section, specify the Amount of the Request, the Breakdown of the Proceeds [Equipment, Marketing, Working Capital, etc.], the Type of Request [Loan, Investment, etc.], the Repayment Terms Requested, and any Investor Exit Strategy.

Beginning Balance Sheet Show the Beginning Balance Sheet Profit & Loss Detail the Sales & Sales Growth Assumptions Detail the Owners Compensation Show the 3-Year Summary Profit & Loss Statement [Investor Proposal = 5 Years] Balance Sheet Detail any Anticipated Major Changes from Beginning Balance Sheet [PP&E, Loans, Equity, etc.] Show the 3-Year Summary Balance Sheet [Investor Proposal = 5 Years] Cash Plan Detail Cash Sales Estimate Detail Credit Sales Estimate Detail Accounts Receivable Credit Terms, & Collection Days [Document Source] Discuss Days Inventory needed at all Times Detail Supplier Terms Detail New Borrowings Detail New Equity Infusions, Dividends, and/or Distributions Show the 3-Year Summary Cash Plan [Investor Proposal = 5 Years] APPENDICES The following is a list of items recommended for inclusion in the appendices: Monthly Balance Sheet Years 1, 2, 3, 4, & 5 Monthly Profit & Loss Years 1, 2, 3, 4, & 5 Monthly Cash Plan Years 1, 2, 3, 4, & 5 Breakeven Chart Equipment List Product Brochure Sample Advertising Customer Testimonials Owners Resume Industry/Market Research Information CONCLUSION Facts are supported with sufficient independent documentation.

Of all the skills sets needed to successfully operate a small business, the most important skill is the ability to profitably sell to customers who will pay.

So, present the experience and accomplishments of the management team in dollars generated and/or dollars saved.

When setting up a new business, there's a lot of information you need to consider.

The starting a business checklist will guide you through important steps, including: The checklist companion provides a handy list of the government agencies referenced in both checklists.

2013 Business Plan Competition Company Profile Company Name: Year Founded: Contact Name: Address: City State Zip: Target Market: Customer Problem: Email: p: f: URL: Industry: # Employees: More information Business Plan Guide for a Small Business A Business Plan is a written document that describes the path of your business venture.

It describes what you want to do and how you plan to do it, usually covering More information The Business Plan What is a Business Plan?

Competitive Advantage Identify the Competitive Advantages of the Business Identify the Competitive Disadvantages of the Business Discuss the Strategies for Improving the Competitive Position of the Business Pricing (Refer to the Pricing Products & Services Worksheet) Detail how the Business determines its Price [Mark-up, MSRP, Formulas, etc.] Detail any Discounts and/or Coupons Distribution Channels Describe the Manner in which the Products & Services are Delivered to the Customer Describe the Service Policies [In-Home, In-Shop, In-Office, In-Business, etc.] Promotional Plan Present the Strategies for Creating Awareness Cover the Strategies for Creating Purchase Pre-Disposition Present an Itemized Budget for Implementing the Strategies Explain The Sales Process [Prospect Identification, Lead Generation, Contact Method, Sales Cycle, Sales Goals Establishment, Tracking Systems, etc.] Feedback Describe the Process for Obtaining Customer Satisfaction Information [Comment Cards, Telephone Surveys, Mail Surveys, Surveys, etc] OPERATING PLAN In this section, you need to discuss the location, describe the facilities, detail the operating equipment, discuss the history and relationship with suppliers, present the personnel plan, and discuss the general operations.

Location: (Show the major competitors and the size of the target market within each geographic boundary on a map) Use a Map to Pinpoint the Location If Retail, provide a Drawing of the Building showing the Business and the other Tenants Summarize why the Location was Chosen Facility Describe the Facilities [Photographs] Summarize why the Facility was Chosen If Retail, provide Drawings or Photographs showing Store Interior Layout Provide a Summary of the Financial Terms of the Building Lease or Mortgage Operating Equipment Summarize the Nature of the Production Equipment Present the Production Capacity of the Equipment Provide an Equipment List [Include Current Market Value] Suppliers & Vendors Provide a Business History of the Critical Suppliers Identify any Critical Sub-Contractors Personnel Plan Identify the Personnel Requirements by Job Classification [# & $] Present the Production Capacity of the Personnel General Operations Detail Hours & Days of Operation MANAGEMENT, ORGANIZATION, AND OWNERSHIP In this section, you need to present the management team, discuss the organizational structure, detail the history and relationship of any professional consultants, detail the ownership interests, and discuss the duties of owners in the operation of the business.

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