Did you search 120 day business plan for a new job trying to figure out what a 120 plan should look like, or what you need to do to try to get a new position as a self-employed entrepreneur? The 120 business plan, as the math would suggest, covers the first 4 months of operations in a new business. More often than not, the start-up period itself lasts 4-6 months, so it's likely that you'll actually need a plan showing what happens for 8-9 months, the first half of those subsumed by the start-up phase. During start-up, you are not earning any sustained revenues, but your company is putting its funding to work to build out an office, create a pipeline, and put in place all of the essentials for a sustained business operation. For these months and the period that follows, your business plan needs to show:
• What the core product and/or service suite will be
• Who the target customers are
• How you will continually acquire new clients
• What the staffing requirements are for your business
• How much revenue you can earn within three years
The business plan for a 120 day period should also go into detail about how you plan to market your product or service suite to potential clients. What advertising methods make the most sense for your business? Will you turn to radio ads, magazine sidebars, Internet ads, or trade shows? If you can show how your marketing budget will be divided between these categories that is a smart thing to include. The plan will also need a pro forma that shows your anticipated revenues and expenses and pinpoints the break-even moment so that investors/lenders know when the business is profitable. Want help developing this plan? Call the industry experts at MasterPlans today to learn how our team of writers and modelers can help you! (877) 453-2011.
