Purpose Of Business Planning

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Include current and future funding requirements, how that funding will be used and long range strategies that impact funding request.

Any factors which directly impact your ability to repay your loan should be included, such as acquisitions, sale of the business in future or a buyout.

Starting your own business is not for the faint of heart. With a 50% chance of failure, individuals starting a small ...

Establishing a franchise business gives you the advantage of working for yourself and at the same time, having access to the resources and know-how of the franchisor.

There are several essential elements of a good business plan according to the U. Although this is the first section readers will see, it should be the last section of your business plan written.

The executive summary is an overview of the entire business plan and will either capture the readers attention or make them lose interest before reading any further.

Proprietary and confidential information may be part of the appendix and as such should not be easily accessed by all individuals requesting your business plan.

Creditors may need access to this information, therefore it should be available on an as-needed basis.

Your business plan will detail all aspects of your business operations from marketing to organization and management.

This document not only helps owners see where the business is headed, it is also required by most lenders and potential investors. Focus on the following nine elements when drafting a business plan for your small business.

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