Sample Business Plan Template Page 2
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4Proposal/Business Need
Clearly define what you are proposing or the need of your business.
For example, “ABC Business needs a term loan of $500,000 to purchase replacement
equipment for our operation”.
Benefit/Solution
Explain how the proposal will affect your business and operations.
For example, “The replacement equipment will allow us to increase sales by 20% to
$1,000,000 for the year. It will also allow us to reduce our expenses by 15% within the
first 8 months, resulting in a projected net profit of $400,000 for the year.”
Business Profile
Type of Business
o
Summarize what business you are in
o
Ex.) Dairy Farmer, Sawmill Operation, Contract Hog operation, Crops, etc.
Production and Market Summary
o
Define the specifics of your operation and summarize what is your
market?
o
Ex.) Dairy – cow numbers, type of cows, average lbs./day/year, price per
CWT, where you sell milk
o
Ex.) Sawmill – board feet/year, source of logs, market for lumber
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Ex.) Contract Hogs – integrator used, number of buildings, animals per
building
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Ex.) Crops – acres of each crop grown, contract price, average yield per
acre, who you contract with/sell crops to
Business Objectives – what are your business objectives in the
coming years?
o
Objective 1
Goals set to accomplish objective
o
Objective 2
Goals set to accomplish objective
Management/Labor Summary
o
Describe the ownership structure (Partnership, LLC, S-Corporation,
Proprietorship)
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