Learn the secrets of an excellent plan from
two experienced bankers
A Business Plan is an important document for raising start-up capital, helping you to monitor progress and achieving your goals. When done correctly, it is a "living" document and tool that will help you manage the business beyond start-up. We will help you prepare a realistic plan that will document your vision, goals and strategy. No business should be started or maintained without a plan. The key is an understanding of what should be included and how to capture the reader's interest in a concise but interesting way. In addition to developing a successful business plan, the presenters will help you understand the financial statements and how they relate to risk and performance. You'll also be educated about the SBA qualifications and how to overcome the underwriting obstacles.
Will discuss:
- Establish the information needed for a detailed business plan.
- Create the environment of the company, product or service that will be the basis of the business plan; identify the operations, marketing approach and financial implications.
- Establish pro forma P&L statements, utilizing three revenue
scenarios-aggressive, modest and slow revenue growth.
- Identify the risks you'll face within each pro forma P&L
statement; select the most likely growth scenario.
- Develop the expected cash flow from the chosen growth
scenario, loan needs and expected payback to investors/yourself.
- Prioritize your action steps, recognizing those that are absolute musts, very important and less important. In essence, you're creating a time line/calendar for the tasks you'll undertake to accomplish your growth objectives.
- Create your plan and the last critical item, the Executive
Summary; note, this summary must portray your view of the
business opportunity as positive, enthusiastic and succinct.
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