Business Plan Roadmap

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	Business Plan Roadmap

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Business Plan By Palo Alto Software, Inc.

The best way to show bankers, venture capitalists and angel investors that you are worthy of financial support is to show them a great business plan. Make sure that your plan is clear, focused and realistic. Then show them that you have the tools, talent and team to make it happen. Your business plan is like your calling card, it will get you in the door where you'll have to convince investors and loan officers that you can put your plan into action.

Business Plan as a Road Map:

Once you have raised the money to start or expand your business, your plan will serve as a road map for your business. It is not a static document that you write once and put away. You will reference it often, making sure you stay focused and on track and meet milestones. It will change and develop as your business evolves.

What Is a Business Plan?		Do I Need a Business Plan?
A business plan should prove that your business will generate enough revenue to cover your expenses and make a satisfactory return for bankers or investors. Business Plan Pro. 1. Executive Summary—features the highlights of your plan and sells your idea in two pages or less. 2. Company Summary—a factual description of your company, ownership and history. 3. Products (or Services or both)—describes your products and/or services and how they stand out from competitive products and services. 4. Market Analysis—provides a summary of your typical customers, competitive landscape, market size and expected market growth. 5. Strategy and Implementation—describes how you will sell your product, how you will put your plan into action and establishes milestones. 6. Management Summary— provides background on the management team, their experiences and key accomplishments. 7. Financial Plan—contains key financials including sales, cash flow and profits.		Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a comprehensive business plan that is well thought out and contains sound business reasoning. If you are approaching a banker for a loan for a start-up business, your loan officer may suggest a Small Business Administration (SBA) loan, which will require a business plan. If you have an existing business and are approaching a bank for capital to expand the business, they often will not require a business plan, but they may look more favorably on your application if you have one. Reasons for Writing a Business Plan: Support a loan application Raise equity funding Define and fix objectives and programs to achieve those objectives Create regular business review and course correction Define a new business Define agreements between partners Set a value on a business for sale or legal purposes Evaluate a new product line, promotion, or expansion.

What Makes a Business Plan Successful?

A well thought out idea

Clear and concise writing

A clear and logical structure

Illustrates management's ability to make the business a success

Shows profitability

You Can Hire a Professional

A professional consultant will create the business plan for you, but you still have to be prepared to think through your business and understand the underlying concepts in your business idea. You will have to work closely with the consultant to ensure that a good plan that accurately represents your business or business idea is developed.

Or Buy a Book

There are many good books on the market that will help you to understand what needs to go into a good business plan.

Or Use Business Planning Software!!!

A good business planning software package will provide you with an outline for a well-developed, objective-based and professional business plan.

Software packages will remove the problem of starting from scratch by structuring your plan for you.

The software should ask you the right questions that will pull out the most important underlying concepts within your business idea. Find out more with Business Plan Pro.