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buissness plans??

Discussion in 'Business Fundamentals' started by PPM, Feb 17, 2003.

  1. PPM

    PPM Junior Member
    Messages: 23

    Good day everyone !! and thanks in advance for any advice.
    My question is if anyone here can direct me in the right direction regarding buissness plans. What they look like, how to write one, and iny other information you would think is important for me to know. Once again thank you for your help!!
     
  2. snowflake

    snowflake Member
    Messages: 86

    business plan !!!! been there done it. what a headache to do one. you can talk to your banker and see if they got one or you can print one of the internet just type in business plan in the serch engine box. the one i used got from my ex witch. im sure i stilll got that around if needed proberly can look for it and fax it too you if needed too. let me know and i willl dig for it and see if can find
    gary
     
  3. Mick

    Mick PlowSite.com Veteran
    from Maine
    Messages: 5,546

    PPM, I know the SBA (Small Business Administration) has a real good business plan outlines.

    http://www.sba.gov/starting/indexbusplans.html

    I would imagine that there is a Canadian equivalent, although I think you could use this anyway.
     
  4. PPM

    PPM Junior Member
    Messages: 23

    Thanx to snowflake and mick for your help that site had alot of info. Question to you guys, did the business plan make it easier for your operations to get work, loans, or some type of help?? for start up costs. Was it really necessary is what Iam getting to.
     
  5. Rooster

    Rooster Member
    from Kansas
    Messages: 650

    PPM,
    My experience in the USA when just starting a business:

    With a well thought out, planned and outlined Business Plan, is needed when going to a bank or lender of some sort. Also if your plan is detailed enough most questions a lender might have will be answered by the business plan you have.

    Good Luck

    Rick
     
  6. Mick

    Mick PlowSite.com Veteran
    from Maine
    Messages: 5,546

    Any lender will want a Business Plan. Even if you're not going for a loan, a business plan forces you to look at costs and revenue. While a plan is designed to be flexible, you can still refer to it to see if you're on track.

    This is a good example of "do like I say, not like I do". My wife and I both work in a field where we deal with business plans and know their importance. Yet, I find ways to avoid developing one when she "suggests" it.

    On the other hand, I had a Business Consultant tell me that a Plan unless necessary I was going for a loan.
     
  7. wyldman

    wyldman Member
    Messages: 3,265

    Check out your local Staples or Business Depot.They have a software product for producing a professional looking business plan.Just type in the projected info and it spits it out.I just don't remember what it was called.
     
  8. digger242j

    digger242j Senior Member
    Messages: 672

    Sorry Mick, I tried figuring out what you meant to say from the context of the rest of the discussion but I can't make sense of that line. (You're one of the members who customarily makes enough sense that it's worth asking what you actually meant to say there...)
     
  9. Stovezbt

    Stovezbt Junior Member
    Messages: 26

    I have some knowledge of business plans. I got a degree in entrepreneurship, and to the final classes were consulting and business plan. I one semester I wrote a 350 page business plan for a farm market. It involved everything from site analysis to finanicals. If you are planning to use this plan for a loan or have to present to someone, you must do it yourself. Personally I have never had any experience with software that prepares plans. You will have to think of everything. I had 5 years finaicials linked together excel. I went overboard with my plan as I wanted to graduate. You can get a good plan-minus pages for appendix in as little as 50 pages. Just depends on the business. I would try and find a college text on business plans as they will be most usefull. When I graduated my program was ranked 4th nationally, and has info available to business owners, I think.

    I will link you to the university-search for entrepreneurship or Midwest entrepreneurial education center, i think, or try searching for Dr. Kuratko.
    www.bsu.edu

    Writing a plan will seem impossible, but you can do it. Be very specific in what the business is. Locate all competetiors, for snow plowing that would be, other plowers, doing it themselves, snowblowers, kids doing drives, and so on. Research the industry. Research all area of your business-property location, equipment, employees, insurance, so on. How are you going to market yourself? Prepare financials-3years min 5 years is better. Be conservative with the numbers you project. Seems like a lot and that is not everything. It took me a full semester to do it. Everything goes in a specific order. Keep in mid that the idea behind a plan is to see if the business will be profible, sometimes a completed plan will indicate that the business as proposed is not fiscally wise. Hopefully Dr. K or the center can give you leads.

    Hope this helps a little
     
  10. Mick

    Mick PlowSite.com Veteran
    from Maine
    Messages: 5,546

    digger242j, thanks for the compliment. I think I started to say one thing and decided to change the wording, then didn't check what I written. What I meant was: "On the other hand, I had a Business Consultant tell me that a Plan IS UNnecessary UNLESS I was going for a loan."

    That was when I had just started to set up the plowing business and met with a member of SCORE. I'd asked for advise in developing a Business Plan as a reference. I wasn't really impressed as I kept telling him things I thought he should have asked about before he asked. He told me I was well-organized and had a well thought-out plan in my head and really didn't need to put it on paper. I politely (at least I think it was politely) ended the interview and went on about my business.
     
  11. Mick

    Mick PlowSite.com Veteran
    from Maine
    Messages: 5,546

    I swear words get jumbled from typing to posting. I "spell-checked" and reviewed (twice) my last post and it still came out jumbled - The word "had" is missing between "I" and "written".
     
  12. myo

    myo Senior Member
    Messages: 193