Elements of a Business Plan 1. Cover sheet 2. Executive summary (statement of the business purpose) 3. Table of contents 4. Body of the document A. Business 1. Description of business 2. Marketing 3. Competition 4. Operating procedures 5. Personnel 6. Business insurance B. Financial data 1. Loan applications 2. Capital equipment and supply list 3. Balance sheet 4. Breakeven analysis 5. Profit and loss statements 6. Three-year summary 7. Detail by month‚ first year 8. Detail by
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5‚995‚635.37 which states about 299.78% ROI without any substantial variation‚ due to the existence of antithesis relationship in between risk and return (because‚ here risk is at rock-bottom but the return is sky-rocketing). Mushroom Mavens‚ LLC (proposed) plans to produce and market mushrooms in Bangladesh‚ a country with a conducive climatic condition for the cultivation of mushrooms. In Bangladesh due to escalating population growth‚ land to man ratio is decreasing every year. As a result
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1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of time management
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What is "Small" Business? In addition to how a business is organized legally‚ size is also a way to classifying businesses. A small business is generally defined as any independently owned business with fewer than 500 employees that is not dominant in its industry. The Small Business Administration (SBA) is responsible for issuing the specific criteria that render a business a small business. These criteria vary widely by industry. As recently as 2010‚ in an effort to make more businesses eligible
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to structure a business. These types consist of sole proprietorships‚ partnerships‚ limited liability companies (LLC)‚ C corporations‚ and S corporations. When determining the type of structure to use‚ comparison of different factors such as liability to the owners‚ taxation‚ and management controls must be conducted. Sole Proprietorships The sole proprietorship has one owner that is completely liable for the actions of the company but has total control over all decisions. The profit or loss
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operates it for his or her own profit. unlimited liability; his or her total wealth—not merely the amount originally invested—can be taken to satisfy creditors. A partnership consists of two or more owners doing business together for profit. Partnerships account for about 10 percent of all businesses‚ and they are typically larger than sole proprietorships. In a general (or regular) partnership‚ all partners have unlimited liability‚ and each partner is legally liable for all of the debts
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examines the major forms of business ownership and identifies ways investors can become owners of existing businesses. I. Sole Proprietorship A sole proprietorship is a business owned by a single owner. The owner is called the sole proprietor. About 70 percent of all firms in the United States are organized as sole proprietorships. However‚ since most sole proprietorships are small‚ they generate less than 10 percent of all business revenue. A. Characteristics of Successful Sole Proprietors 1.
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employees. The owner is concerned about his personal liability should the company fall short of funds. In order to determine which entity best suits the company’s needs‚ we must first review all the risks and liabilities associated with production‚ sale‚ transport and storage of fireworks. ACME Fireworks has several options to choose from and‚ each has its own sets of pros and cons. These choices include such entities such as: a partnership‚ a corporation‚ or a limited liability company (LLC). Based
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overall benefits of a sole proprietorship are the flexibility and inexpensive way you can organize and control the company. The owner can create their own policy and procedures as long as they are with the parameters of the law. They receive all income generated by their business and can reinvest as they see fit. Disadvantages There are a few disadvantages sole owners can experience such as raising funds‚ use their own personal savings and acquiring debt through business loans. Obtaining and
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Sample Business Plan A: Service Business Webster BUSN 5000 Online Course ForeverYours Wedding Consultants From your engagement to your honeymoon… Create memories that will last FOREVER! Last Revised: January 23‚ 2009 This business plan is intended solely for informational purposes to assist you with a due-diligence investigation of this project. The information contained herein is believed to be reliable‚ but the management team makes no representations or warranties
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