Let's Start!

What kind of business are you thinking of starting?
Partnership or Sole Proprietorship?
Enter your business idea:
What are your goals for your business? What do you want out of this business: money, experience, or something else?
What are you going to call your business?

The Business Plan

What product will you be selling?
Who will buy your product?
Customer Types Ages Where do they live Reasons for Buying Can Customers Afford What You Will Sell?
When will you be selling your products?

You will need to be available to sell your products or have people (staff) that can do it for you. Also consider when the best time of the year will be to sell your product. It probably wouldn't be a good idea to sell lemonade in January!

Where will you be selling your products?

Think of your products and your customers, where is the best place to be located in order to bring the two together. Also, always keep in mind that you may need to pay to be located in certain areas.

Who is involved in the business and what will each person do?

Who will be the person in charge? This person will have to have knowledge about all aspects of the business. This is generally the person who owns the business. They can be called the President, Proprietor or Owner.

Who is involved in the business and what will each person do?

Who will keep track of the money, do the banking and make sure you have enough money to buy your products (inventory)?

Who is involved in the business and what will each person do?

Who will be in chage of promotions/advertising? This person will find different ways of telling people about your business and attracting new customers to your business.

Who is involved in the business and what will each person do?

Who will be in charge of making sure you have enough products or items to sell and that you don't run out of supplies unexpectedly?

Who is involved in the business and what will each person do?

Who is going to sell your products?

Operations

List all the products you intend to sell

Describe what you are going to sell, who is creating it or who will be serving your customers and where you got the products.

Location

Description of your location and the tasks that will need to be completed up to and on sale day.

Location

Describe what your location will look like and what things you will need at the location to run your business properly.

Where will you run your business?
List the tasks needed to be done up to and on sale day
Task (Thing to do) To be done by when To be done by whom
Marketing
Customer Profile
Customer Type Why would they buy your product/service? Approximate Number of Potential Customers
Potential Market Size
Customer Type Approximate Number of Potential Customers
Pricing Strategy
Promotion
Customer Types Message(s), or what and how will you say it How will you get the message out? (Flyers, posters, signs) When will this be done?

Financial Plan

Start up costs
Item Amount When Needed
Can you raise the amount of money needed?
Projected Cash Flow
Item Amount
Does the net cash (Cash IN minus Cash OUT) you expect to bring in meet your cash goals? Are you making enough money?

Net Cash = the money you get to keep. Are you getting enough, if not, what can you do to change that?

Cash Record/Sales Record
CASH IN From Where? CASH IN Amount CASH OUT Reason CASH OUT Amount Balance Date
Inventory Record: Goods (pre-manufactured if you buy your products)
Date Item # Recieved # Sold Ending Balance
Inventory Record: Parts & Goods made by us (if you make your products)
Date Item # Recieved # Made By Us Ending Balance
Comparing Actual Cash Flow to Projected Cash Flow
Item Projected Amount (copied from Projected Cashflow table) Actual Amount Difference in Amount (+ or -)
Executive Summary