Business Plan Template (Page 6 of 18) in pdf

Manufacturing

Does your business manufacture any products? If so, describe your facilities and any special machinery

or equipment.

Without revealing any proprietary information, describe the manufacturing procedure.

If not already covered in the Products and Services section, describe how will you sell the products you

manufacture—Directly to the public? Through a wholesaler or distributor? Other?

How will you transport your products to market?

Management

How will your background or experience help you to make this business a success? How active will you

be and what areas of management will you delegate to others?

Describe any other people who will be/are managing your business, including the following:

What are their qualifications and background? (Resumes can be included in an Appendix.)

What are their strengths or areas of expertise that support the success of your business?

What are their responsibilities and are those clearly defined (particularly important in partnership

agreements)?

What skills does your management team lack that must be supplied by outside sources or by

additional hiring?

If your business has employees, describe the chain of command. What training and support (such as a

handbook of company policies) will you provide to employees? Will you provide any incentives to

employees that will enhance the growth of your company?

If your business is a franchise, what type of assistance can you expect, and for how long? Include

information about operating procedures and related guidance that has been provided to you by the

franchiser.

Financial Management

As you write this section, consider that the way company finances are managed can be the difference

between success and failure.

Based on the particular products or services you intend to offer, explain how you expect to make your

business profitable and within what period of time. Will your business provide you with a good cash flow

or will you have to be concerned with sizeable Accounts Receivable and possible bad debts or

collections?

The full details of your start-up and operating costs should be included in the Appendix. However, you

can reference appropriate tables, charts, or page numbers as you give a brief, summary accounting of

your start-up needs and operating budget.

Start-up needs should include any one-time only purchases, such as major equipment or supplies,

down-payments, or deposits, as well as legal and professional fees, licenses/permits, insurance,

renovation/design/decoration of your location, personnel costs prior to opening; advertising or

promotion

Once you are ready to open your business, you will need an operating budget to help prioritize

[BUSINESS PLAN TITLE] - [SELECT DATE]

Business Plan Template Page 6