Your Business, Inc.
A well-written business plan is a crucial ingredient in preparing for business success. Without a sound business plan, a firm merely drifts along without any real direction. Yet, entrepreneurs, who tend to be people of action, too often jump right into a business venture without taking time to prepare a written plan outlining the essence of the business.
You should begin by writing down the answer to the very basic question, "What business am I in?" This may sound elementary, but answering this question with thought and consideration will help you focus on the major purpose of the business, which leads to establishing goals and objectives. In turn, these serve as aids in creating strategies, policies, and procedures. Every small business should have policies concerning credit, customers, product lines, image, prices, advertising, and so on. It is important to plan in writing; otherwise, the planning function either is ignored altogether or is conducted too informally.
This template has all of the ingredients to produce an excellent business plan.
Key executives:Mr. James K. QuadrantMr. Isiah M. Gradient
978 Lakeside Drive113 Broughton Road
Hamilton, New York 13346Hamilton, New York 13346
(515) 555-5431(315) 555-6871
Business:Quadrant Surveying & Equipment Company
600 Madison Drive
Hamilton, New York 13346
Business size:$378,000 in billings in latest fiscal year. Qualify under SBA definition of a "small business."
Form of ownership:S Corporation
Loan purpose:To purchase 1 Zeiss total stage with data storage and transfer capabilities to improve the quantity and the quality of the surveying jobs performed for clients.
Mr. James K. Quadrant
978 Lakeside Drive
Hamilton, New York 13346
1974-presentQuadrant Surveying & Engineering Company, Hamilton, New York. Manager-Partner. Created business and continues to actively manage technical aspects of field operations. Supervised project managers of six field crews.
1970-1974Boise-Cascade Timber Co., Freeport, Maine. Survey project manager. Supervised field activities of a six-man survey crew. Planned weekly work schedules and monitored work quality.
1965-1970Hi-Tech Survey Co., Albany, New York Technician. Performed various surveying tasks as a part-time member of a field crew while attending college. Earned 80% of college expenses.
Education:Rensselaer Polytechnical Institute, Troy, New York Master of Science in Engineering Management. Grades in top 10% of class, GPR of 3.7/4.0.
1965-1969Rensselaer Polytechnical Institute, Troy, New York Bachelor of Science degree in Civil Engineering Graduated with honors.
References:Mr. Frank BolandMr. Jeff Anderson
President, Hi-Tech Survey Co.President, Sound Investment Co.
Troy, New York 12180Hamilton, New York 13346
(315) 555-1890(315) 555-3671
Ms. Sally LeGrand
Merrill, Lynch, Pierce, Fenner, and Smith
Portland, Maine 04111
Personal Financial Statement
Cash-Savings account$12.000 Notes payable$10.000
Keogh contributions31.000Total liabilities$57.000