Wednesday, October 30, 2013

Business Plan Sample Guidelines

By Frances M. Ledoux


A lot of people go online to find free business plan samples to "save time" so that they don't have to "do all the writing". My advice is watch out.Your plan is supposed to be your plan! My experience with the pre-written plans is that most people get lazy with them. After they cut and paste their business name in and do a little customizing of the first few pages, they tend to skip changing the rest. This defeats the purpose of doing a business plan in the first place which is to help you plan (it's in the name, right?) how your business is going to operate successfully.

Overall you need to include five bigger topics in your plan. These five topics are an Executive Summary, History and Position to Date, Market Research, Business Strategy and Operations.The first thing you need to do when you write a restaurant business plan sample is to write an Executive Summary. In the Executive Summary there are a few issues you need to address. These issues include: a description of the company, a mission statement, products and services you will offer, a financial forecast, and financing requirements. All of this information will help lay the foundation for what your restaurant will do and how you plan to do it.

The products and services: This section of the free sample business plan is a detailed description of what product and/or service is offered. Specifics in this part of the free sample business plan are the key. For example, instead of the free sample business plan reading "ABC offers clothing", the plan would state, "AMC offers designer children's clothing for children ages birth to 8 years old at highly discounted prices".

Market: This section of the sample plan will analyze (both informally and formally) the targeted market, if it is a niche market, and what community need the company will fill. At this point in the plan, you should use statistics, percentages, and detailed figures to support your statements.

The best approach is to use a good program that helps you write your own plan with the information about your business as quickly and efficiently as possible and then also provides you with the opportunity to get help and a review so you can be sure your plan came out the best it can be and it actually helps you launch your business instead of just copying someone else's.

Finally you want to outline your operations. This final part will include the specifics of how your business will be run on a daily basis. This part should include things like: how many employees you'll have, what type of employees you'll have, what you'll serve, how you want your menus to look, etc. Basically anything that goes into the daily operation of your business needs to be addressed in this final part.If you plan to open a restaurant then you need to have a restaurant business plan properly done. Your plan should include the broad topics of Executive Summary, History and Position to Date, Market Research, Business Strategy, and Operations.




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