How Do You Define A Business Plan?
Any ideas what a business plan really is?
Here is a Simplified Example of Business Plan. Catering Plus A home-based catering company will be the business and it will produce luxury food for special occasions such as birthdays and weddings. A comprehensive catering service is what we will provide while specializing in high end customized cakes, which have a higher profit margin than other foods. Our catering business will be aimed at middle-class customers who desire a top-of-the-line catering but must operate on a budget. In our initial market area, there will be Mytown as well as the affluent area of Theretown. Commercial grade ingredients purchased from wholesalers and provide top quality design and service are the only things that we will use. By doing this, we will be able to provide food that looks and tastes great and also keep costs as low as possible. Because I will be using my kitchen and making the food myself, there are only two real expenses: The purchase of an industrial grade mixer and then the day-to-day cost of supplies. Our research has shown that this supplier offers the best value for start-ups. All of this would boil down to the fact that you should include a breakdown of both projected profit and loss per month (in graph form) for the first year in business. By showing one-time and day-to-day expenses versus projected profit, you can indicate how you will pay-off your loan. When it comes to your business plan, it should show you making enough of a profit each month to live on because it may be considered unfeasible if it doesn't. Study a Few Real-World Business Plans You can try to find real-world plans that have already been approved and study them because this is the best way for you to get a real feel for the dos and don'ts of a business plan. To start off, a good place would be the Internet. Once you've studied a few, you will get a better feel for how much work will be involved in putting your business plan together.
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