Business,Planning,What,product business, insurance Business Planning
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
1. What product or service will your company provide, andwhat need does it fill?2. Why will your target market purchase from you?3. How will you reach your target market?4. Where will you get the financial resources for start-upand operations? Awell-developed business plan is more than a road map. It serves to define the business concisely,identifies goals and milestones and a desired timeline in which to reach them,and serves as a resume for "selling" your business to banks andinvestors. The mostimportant component of a business plan is the financial report. A financialreport should include at the least 3 components: an income statement, a balancesheet, and a cash flow analysis. Theincome statement is a summary of a company's profit and loss over a certainperiod, usually a year, but for a fledgling company, the time may beshorter. It serves to track all theincome and expenses of the operation; where expenses can be or should bereduced, and where weak points in the business may be. For example: is the phone bill excessiveA balance sheetserves as a snapshot of the company at any given point in time and shows thekind of assets, liabilities, and ownership position of the investors within thecompany. A cash flow analysis shows how the company generated andused cash for a period of time. The cashflow analysis shows three types of activities, operating activities, investingactivities, and financing activities. When writing your business plan make sure you know youraudience. Typically your audience iseither going to be directed at what is known as 'angels'; e.g. Mom and Dad orwealthy investors that become personally involved in fledgling business. If you are directing your business plan tothe Bank of Mom and Dad or to a wealthy family friend then your business planprobably doesn't have to be as perfect as if you were submitting your proposalto a formal bank.The second type of audience that your business plan couldbe directed at are venture capitalists. This is were you need to make sure all of your i's are dotted and t'scrossed. Venture capitalism is allabout taking a risk and getting a high return from it, so the only way to attractinvestors in this market is to persuade them with a top-notch businessplan. Whatever you decide to do for your business, the criticalfirst step of a business plan will set the tone and provide a solid platformfrom which you can grow and hopefully succeed.
Business,Planning,What,product