Whats A Business Plan

Whats A Business Plan-86
According to the SBA, the tone should be enthusiastic and upbeat.Its purpose is to give the reader an idea of what the business is about and make the reader want to learn more by reading the full plan.

According to the SBA, the tone should be enthusiastic and upbeat.Its purpose is to give the reader an idea of what the business is about and make the reader want to learn more by reading the full plan.He also describes the management structure of the bistro by providing an organizational chart and giving a brief description of key management positions and the people that will fill them.

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Let's follow Linus as he develops the business plan for his new bistro to see how it's done.

The first section of the plan Linus works on is the business description and vision.

This will include the type of cuisine, the basic menu and wine list, any specialties, and other services, such as a bar, party hosting, and catering.

Linus will explain how his cuisine will be supreme and take the market by storm.

He also includes a copy of the menu and photographs of the dishes.

He adds some photographs of the business location and the space he is leasing, along with a copy of the lease.He'll include a mission statement for his bistro as well as a discussion of the key people involved in running it.Linus' next step is to define the market he wishes to pursue.He also knows a picture is worth a thousand words, so he refers his readers to the appendix where they can see photos of the dishes prepared from his menu.In the next section of his business plan, Linus discusses the organization and management of his bistro.In this lesson, you'll learn the basics of writing a business plan for a new start-up. Linus knows that starting a solid business is like creating a solid menu - it requires planning.And one of the first steps Linus needs to take in starting his bistro is to develop a solid business plan.He provides an estimate of the start-up costs for the business, after consulting with an accountant and some restaurant owners that were willing to share their insights.He also included a set of standard financial statements, including a projected balance sheet, projected income statement, and projected cash flow statement. Since he will also be seeking bank financing and knows the bank will require his personal guaranty, he includes his personal financial statement and income tax returns for the past year.As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more.Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

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