Sample Business Plan
Preparing a business plan could take up most of your precious time as you start working on financial statements, analyses, strategies and other relevant information. But recently, the time-consuming and costly task of business planning has been made easy through the aid of free sample business plans.
Free sample business plans are available in books and the internet for your easy browsing. You can look into the business category or industry that you are interested in and view how the business plan was presented. These free sample business plans will help you to make your own business plan by providing you the important ideas. What often happens in practice is that the style and format of sample business plans are usually followed.
There are different formats for business plans that one can choose from. One has to understand that there is not one standard style of presentation of the important business keypoints because a business plan depends on one's goals. The business plan is the ultimate aid for deciding whether a specific plan of action is worth pursuing. Any business plan for future transactions must be in keeping with the original mission statement or the company's vision.
A business plan should also contain only the information you need in deciding about a certain action. Hence, a business plan for financial funding would necessarily include the business' financial history and projected cash flows. The lending institute would be more interested in the company's ability to pay its debt than it would be of the company's human resource management.
Cafe Sample Business Plans
you find a successful sample plan as mentioned, you will see concise, clear writing in the narrative of the plan. This will show the efforts of careful editing and proofreading. You will likely notice that the level of detail is not high as might have guessed. To work, a plan doesn't have to explain every step of the operations process or marketing process, for example, but simply has to show that choices have been made at a strategic level which are in line with the customers chosen, the market opportunity, and the financials as given.
Selection of Competitors
In the Competitive Analysis section of the plan, you will get an idea of how this cafe chose their competitors. You will find that they did not list dozens of cafes in the surrounding towns. This would have meant not going into much depth for any key competitors and would have shown readers a lack of focus on the immediate, direct competitors who customers would choose between. You will see at least a few competitors detailed, because trying to explain that there are no "real" competitors for what a cafe is selling is silly. Even the cafe is grinding coffee beans which have never been brought to that town before, residents and workers in the town are going somewhere for non-meal food and beverages. That business, whatever it is, is the competitor.
If you are shown a complete plan, you will not see financial statements included without a narrative description of what they mean and how they were created. Revenue assumptions are explained so that readers can judge their strength themselves. If there are aberrations in the financial numbers which draw attention, such as revenue or profit dropping in a certain year, or cost rising significantly, you will certainly see narrative describing what this means. If the writer doesn't explain odd occurrences like this, readers would bring that question up to him directly and question his judgment in leaving out the answer from the plan.
Check with any professional investor anywhere in the country, and you'll hear sometimes amusing, often embarrassing tales of poorly conceived, badly written, or sloppily put together business plans. Oh and if not happy with that alone, there'll be even more stories about laughable presentations as well.