do you know how to put together a business plan to get more capital for your business,
well in this training I'm going to reveal to you everything you need to know
to put together a business plan to get maximum funding for your business,
we're going to dive in and talk about the six reasons lenders want you to have a business plan
we're going to talk about the 5 essentials you need to include in your business plan to get the
most money at the best terms we'll dive into the software you can use to create your business plan
we'll decode things like your executive summary your company description and the strategies
you're going to use for growth and I'm going to show you how to use your business plan for way
more than just getting money but actually as a guide to help you grow your business even faster
if you stay to the end I'm even going to get you access to our funding vault of 27 killer ways
to get money for your business, we've got a lot to cover so let's dive in and get started
according to the US chamber of commerce your business plan is your roadmap for your business
to accomplish in schools and it outlines the exact steps you're going to take to actually accomplish
those goals. Plus it's like your short-term resume that's used by partners lenders investors and
others who may want to give you money for your business. Now there's a lot of reasons that these
investors and lenders want you to have a business plan first of all it shows that you have a general
knowledge about your business now and where you're looking to be. It shows that you know what
your goals even are, plus it shows that you understand things like your customer avatar your
demographics potential competition and other obstacles that can stand in your way of
accomplishing your goals. It shows that you have a grasp on your financials in the business and it
shows that you have an idea of what you're looking to do financially over the next one two three or five
years. And it basically summarizes that you have the knowledge as an entrepreneur to understand the
current landscape you're operating in and exactly what you need to do to build the business that
you're trying to build. There are 5 main components you're going to include in your business
plan the first of which is your introduction. Now there's 3 sections in your introduction the executive
summary, the description, and the strategy section. Now executive summary is basically just a
summary of your overall business idea. What is it your business is going to do. Now description
actually gets into more detail it talks about what problem you're going to solve what products and
services are you going to sell what is your business actually going to accomplish these are the sections
that really get people fired up about your general idea. Now the strategy section is how you're
going to do it this is where we talk about where you're going to be located how many employees
you're going to have, what's your marketing plan what's your ramp-up plan how are you going to
take your products and services to market. Now if you've got this right somebody's going to
look at this section and get really fired up and excited about your overall idea. Next it's time
to get into research. The research section of your business plan is also called the market analysis
and with the market analysis this is where we look at two different groups we look at your customer
analysis, and we look at your competition analysis. So in your customer analysis well this is where we
figure out the basic demographic information of your customer, who are they, where are they. What
are you going to do to solve their actual problem now if you got them to bite in your description
section this is where you set the hook this is where we talk about who it is we're going to serve
and how we're going to solve their problem. Next, we look at the competitor section
of your business plan in the competition section we're really looking at who your competitors are
are there already competitors in that space how big are they how many are there is there
room for more and most importantly what are you going to do to differentiate yourself and stand out
from those other competitors. The third section of your business plan is known as the planning
section and there's two different aspects to the planning section. First, we look at your actual plan
for development and design and, second we look at your actual plan for operation and management
of the business. So when we look at development and design this is basically from the very beginning
to the finish the life cycle of your customer, how do you get customers how do you service
customers, how's the entire process going to look like of you actually getting and servicing those
customers really if we look at the strategy section of the business plan this is just the road map the
more detailed version of that strategy section. Next, we look at operation and management this is just
what it sounds like who's going to operate and manage the business are you going to be the one
person that's operating everything are you going to have teams under you are going to have other C level
or other owners involved. How many managers are there to meet how many teams are there going to be
this is your best guess of the actual structure of who and how the business is going to be operated
and managed. Now once you have this section done it's time to start moving in to the financial section.
The fourth section of your business plan is the financial section and in the financial section
we really dive into two main areas. First what money do you have right now, how much do you
have where did that money come from and how do you plan on using that money to actually grow your
business. Next we look at what money you need where are you going to get the money from how
much money do you need when you get money by raising capital what are you going to use that money
for this is also the section where we are including projected financials it's a really good idea to give
up to 5 years of projected financials what kind of revenues are you going to generate year one
two three four five what kind of profits are you going to generate. All of that information is in
this section this is where anybody that wants to invest in your business can see how wise you are
with the money you have and how wise you're going to be with the money you're going to get. Now that
brings us to the final section of your business plan the appendix. The appendix is the final section
of your business plan and it's not oftentimes required, but it's definitely recommended by a
lot of lenders and investors even the SBA recommends you include an appendix section. Now
the appendix section is kind of where you put all the overflow it's where you put all the validation approve
anything extra that supports the overall business plan. So this is a section where you may include
personal credit reports or your business credit report this is where you'll include your resume
your background information pictures of the actual product letters of references that
you may have. It's where you include trademarks that you already have patents that you already
have legal agreements are already signed, contracts, with potential future customers anything
you have that will support the overall business plan can be added to the final appendix section. Now
you know all 5 sections to include in your business plan the next thing you want to do is put together
a good presentation. Look it's not enough to just be able to answer questions to investors and
lenders about your business plan you want to have a presentation ready to go and hopefully you're
given the opportunity to present these to them. And you also want to might look into software
that makes this easy for you software like live plan can help expedite this process there's a
lot of software's out there. But live plan is the one that I found to be the best. Now you want more
cool ways to get money for your business well visit us online at creditsuite.com/27ways
at creditsuite.com/27 number 2 7 ways you can get 27 ways to access money for
your business and make sure you give us a call for your free business credit and funding consultation.
On that consultation call we will help you get your business credit reports for free give you
tips and tactics to help you build your business credit we'll go through a fundability assessment
to see the things that you need to fix to make yourself more fundable and we'll talk about all
the financing you can qualify for right now, look you might be able to qualify for loans and credit
lines and not even know it, so in this consultation call we'll go through all of that with you at no
cost you can get your free consultation by giving us a call at 877-600-2487 that's 877-600-2487
email us info@creditsuite.com or schedule your consultation at creditsuite.com/consult.
We look forward to helping you get more money to grow your business.