Find environmental programs and resources that could help improve your business. E-business strategy Effectively using information technology is an important part of managing a business.
In this section, you should outline how you plan to use internet technologies to reach customers, manage your business, and reduce costs.
You should include information about: Discover some of the many ways you can use information communications technologies to your advantage.
Financial forecasts and other information This section of your business plan essentially turns your plans into numbers. As part of any business plan, you will need to provide financial projections for your business.
Your forecasts should run for the next 3 to 5 years. However, the first 12 months' forecasts should have the most detail, including assumptions both in terms of costs and revenues, so investors can clearly see the thinking behind your numbers.
As you put your plans down on paper, remember the importance of thinking objectively. Analyzing your venture from three points of view — optimistic, pessimistic, and realistic — can give you a solid idea of what to expect as you move forward. Your financial forecasts should include: Include working capital, salaries and sales.
How much capital do you need, if you are seeking external funding? What security can you offer to lenders? How do you plan to repay any borrowings?
What are your sources of revenue and income? Your forecasts should cover a range of scenarios, and you should include the contingency plans you've developed to offset any risks. You can also review benchmarks and averages for your type of business and discuss your business' position.
Find out how your business measures up to others in your industry with this benchmarking tool. Early planning will give you the opportunity to consider all of your options, including strategies that may take time to implement. For example, if you plan on passing your business on to your children, you'll need sufficient time to train them and integrate them into your business.
As you prepare your exit strategy, you will want to ask yourself the following questions: When do I want to leave my business? What do I want to do with my business?Help at every step. Our business planning expert, Tim Berry, provides advice and guidance at every stage of your plan.
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Buy business plan graphics, designs & templates from $6. An organizational chart (org chart) is a visual aid used to clarify who reports to whom and who is responsible for what in your organization.
See examples and tools that can be used to .
Last Updated: Aug 22, A picture is worth a thousand words but that doesn't mean you need a graph or chart for every statistic or projection in your business plan. Find out when graphs and charts can help your business plan, and when they can hurt it.
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