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Business Plans - What Do They Include?

Ok… so you’ve finally reached that stage in the development of your home business to get started. You’ve done the research, you have a game plan and you’re ready to go except for one small detail… you need money. Whether it comes from a loan or from investors it doesn’t matter but you need a good dose of seed money to put all your hard work and planning into action. However, regardless of who hears your money pitch before they give you a dime they will want see your business plan.

Business Plan - What Is It?

A good way to think of a business plan is that’s it’s a document that provide answers to the type of questions anyone who may provide financing would like to know about your home business. A business plan says to them… “I’ve considered this from every angle, and here’s what I’ve come up with”.

Business Plan - What Does It Include?

What is your product or service? This is the first question every business plan should answer. You must explain in the clear, concise language what in the world you plan to produce or what service you plan to provide. You will also want to include why you’ve chosen this particular product or service.

Who are Your Customers? After you’ve explained your product or service, the next step is to identify who you plan to sell your product or service too and why. The demographics (age, sex, language, country, state or city, income, etc.) You need to clearly identify your customers in order to properly target your advertising, packaging, pricing, etc.

What Makes You Different? You need to identify the “primary factors” that will make your business different than other businesses you’ll be competing with. What niche are you filling that they are not or what do you plan to do to fill a particular void in the market that you’ve identified?

What are Your Expenses? Your start-up expenses include any equipment that you need before you can get up-and-running, while your day-to-day expenses are staff costs and supplies.

Following is a Simplified Example of Business Plan

This a a simplified and shortened version of a business plan. In the real world… each one of the following sections would be 1 - 2 pages in length. That being said… in most instances it’s better to be as brief as possible. Only add information if your potential backers request it. It’s a bad idea to go into too much detail in your plan. You’re not trying to explain everything down to the nth detail, just the basics of the business and why they should give you the money you need to launch it. And always focus on profit.

Catering Plus

Nature of Business: The business will be a home-based catering company, producing luxury food for special occasions such as birthdays and weddings. We will provide a comprehensive catering service, while specializing in high end customized cakes, which have a higher profit margin than other foods.

Target Market: Our catering business will be aimed at middle-class customers who desire a top-of-the-line catering but must operate on a budget.

Key Factors: We will only use commerical grade ingredients purchased from wholesalers and provide top quality design and service. This will allow us to provide food that looks tastes great, while keeping costs as low as possible.

Expenses: Beause 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. I’ve attached a suppliers’ letter listing prices. Our research has shown that this supplier offers the best value for start-ups.

To wrap it up, you should include a breakdown of both projected profit and loss per month (in graph form) for the first year in business. Show one-time and day-to-day expenses versus projected profit to indicate how you will pay-off your loan. Your business plan should show you making enough of a profit each month to live on ? if it doesn’t, then it may be considered unfeasible.

Study a Few Real-World Business Plans

The best way to get a real a feel for the dos and do nots of a business plans is to find real-world plans that have already been approved and study them. A good place to start is 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. Remember, until your business exists for real, the business plan is the only tool you have to sell prospective backers on how great your business is going to be.

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A lot of manuals have been written over how to do things - from baking a special-recipe apple pie to picking out cool groomsmen gifts. Believe it or not, however, there are actually guides that are so strange you never thought of asking anyone about them - not your best friend, or your mom, or your favorite liquor flask. Yet there have been materials written on the subject and believe it or not, some of these topics actually get released as books.

1. How to Have Sex in the Woods

Who does not know how to have sex in the woods? This knowledge was probably hotwired into our genetic system at birth. Author Luann Colombo, however, thinks sex in the wilderness isn’t as instinctive an activity as it sounds. For this reason, she wrote a book detailing sex essentials that should be part of one’s first aid kit, finding the perfect spot for a love den, making sure one is protected from pesky plants and flies while butt-naked, and other important matters, such as how the elements affect condoms and spermicides.

2. How to Be Pope

This manual, it’s been said, was researched over the last 2,000 years. If you ever feel like becoming pope, this manual will help you navigate around the complexities that come with being the Holy See. For example, what is your papal name for and why must it always sound like the epithet of one who’s as ancient as the great California redwood? Why can’t you be The Terminator rather than John Paul? Are you allowed to enter chatrooms using the nickname Papa Pope? Who takes care of your dirty socks?

3. How to Start Your Own Country

Can you do that? Erwin Strauss says yes, and then proceeds to enumerate how. Strauss reels off everything you need to know about starting and running your own country, from revenue raising to settler recruitment. Why settle for being lord of the manor when you can be king and own a country, too?

4. How to Lose Friends and Alienate People

No, this book isn’t about torching people’s hair using engraved zippo lighters. Toby Young narrates how he spent five years looking for love in all the wrong places, and how by doing everything wrong, he finally managed to do the thing that mattered the most right - marrying the woman of his dreams.

5. How to Rent a Negro

I kid you not, there is a book with this title. Damali Ayo contends that all blacks undergo “rental” at some point in their lives. To prove her point, she includes quizzes so readers can gauge what they have been all their lives - the renter or the rented.

If there was ever any doubt in your mind that literature constantly grows, then this list of five should convince you otherwise. Knowledge is not only power, it can be a laughing matter, too.

Somehow Choosing a good diet plan and Summertime just doesn’t fit. Doesn’t even sound good together. But let’s face it, You’ve had a good summer, lot’s of back yard parties, trips to the beaches and those roadside diners and dive’s noted for [spin]comfort food and adding a pound here and there.

Life is meant to be enjoyed but there comes a hour of decision when we have to sit down and plan how we’re going to fit into our party clothes for the soon coming holidays. If a diet is in your future don’t fret, just make some good plans now that will insure that your diet is successful.

The only reason diets fail is because we don’t think through the diet or the consequences of the diet. Here are 7 must do items to allow you to have a happy ending to your diet.

Thing You Must Do #1:Decide How Much You Want To Lose!

Don’t just pick a number out of the blue, be realistic. You need to stay functional on the diet, loosing too much weight at one time is not good for your health. Set your sights for two to three pounds a week. More than that and you will set yourself up to fail. You didn’t put it on in a week so don’t try to lose it all at once.

Thing You Must Do #2:Decide Which Type Of Diet Fits Your Personality

Each and every one of us has been made unequaled. One diet isnt able to fit all. Never has, never will. We are designed by our creator to be unequaled with special needs. If your a body builder then the Sonoma diet would be an insult to you. If you love carbs then a no-carb or low-carb diet would be a recipe for failure for you, your best friend might do great on the diet but you would fail.

Thing You Must Do #3:Decide How You Will Interact With The Rest Of The Family

Are you going to sit down and eat with the rest of the family who are not on the diet. How will you feel? Will you be self concious? If so, decide now how you’re going to deal with the situation. Being jealous of the others at each meal is a sure way to cause a diet to go south.

Thing You Must Decide #4:Ask For Your Families Support.

The best way to get exactly what you want is to ask for it. Your family and co-workers will be more than willing to give you support and help if you ask for it. Share your goals with them and you will be surprised at the affirmations and support coming from them.

Thing You Must Decide #5:Set A Time Table For Your Diet.

All great things must come to an end and that includes a winning diet. When your diet ends, whether you choose to go on with a portion of your diet, that’s up to you. You will realise a lot more about your body by diets end. Use this knowledge to make the good things into your daily routine. But the important thing is the diet must end. Diets that continue on end in sure failure.

Thing You Must Decide #6:Decide What You Are Going To Do After Your Diet.

This part is not set in concrete because you will understand a lot about your body during the diet. But make a decision now if you will be willing to continue some of the important things you learned about yourself during the diet and make it a part of your everyday life.

Thing You Must Decide #7:Set Yourself Up To Win!

By doing these seven success assuring things you will guarantee yourself of success. We set ourselves up to fail when we run around trying one new fad diet after another. Just because a diet works great for your best friend doesn’t mean it will work for you. You know more than anyone else about your body. Set your self up to win with a diet that is good for you.

Well there you have the seven things you must do to succeed on a diet. If you would like to see all of the different diets reviewed as well as diet related articles then click this link for good diet plan. Remember you are too important not to set yourself up to win!