Business Plan
Checklist
A well prepared business plan serves several purposes
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It helps the owner of a new business determine the feasibility and
desirability of pursuing the steps necessary to start a business
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It is an important sales tool for raising capital from outside
investors
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It forms the basis of a more detailed operational plan and becomes
an important management tool for monitoring the growth of the firm and
charting future directions.
Following is a general approach that you can use as a foundation.
However, you should tailor your plan to meet the specific circumstances of
your business, emphasizing its strengths and addressing the potential
problems and challenges to be faced.
The summary should concisely describe the key elements of the business
plan. For the firm seeking financing, the summary should convince the
lender or venture capitalist that it is worthwhile to review the plan in
detail. The summary should briefly cover at least the following:
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Name of the business
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Business location and floor plan description
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Discussion of the product, market and competition
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Expertise of the management team
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Summary of financial projections
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Amount of financial assistance requested (if applicable)
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Form of and purpose for the financial assistance (if applicable)
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Purpose for undertaking the project (if financial assistance is
sought)
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Business goals.
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