Writing a business plan for cable business? The cable companies in the U.S. market form something of an oligopoly in most major cities, but there are independent cable companies that are making inroads from coast to coast. In order to show that your business has a strong chance of success, you will need a detail-drive business plan that uses the latest industry and competitive data to make a presentation about the market. You will also have to show a detailed financial pro forma, probably forecasting five years of revenues and expenses, that you can present to investors or lenders showing that your business will be solvent. Other items to address:
• What are your equipment needs at start-up?
• Who are the major cable companies you are competing with?
• What market share can you project servicing this territory?
• What personnel needs do you expect to have?
• When will you hit break-even?
The financial questions can be answered in the pro forma and do not need to be itemized in the narrative necessarily, just make sure that you have an integrated model that shows cash flow, revenue, balance sheet, profit and loss, break-even, and a start-up summary including use of funds. If you are not sure how you will allocate the financing or need more information about the industry standard figures that would be acceptable to use in the pro forma, you can use MasterPlans to develop the business plan on your behalf. We have been working with entrepreneurs for almost a decade on the creation of detail-driven business plans that are ready to be presented for funding. Call 877-453-2011 to speak with a consultant today – quotes and consultations are free.
