Trying to figure out what your company niche business plan ought to include? Business plans take any of fifty different forms, it's true, but the way you emphasize your company's competitive edge -- or your market niche -- is entirely up to you. The typical business plan will highlight your niche by showing the competitive advantages you have built up over the years or, in the alternative, the strengths that you believe you can wield as a start-up based on your current skill set or abilities. What should your business plan include? Consider the following:
• Who are your competitors in the area?
• What advantages can you wield?
• How many people were you expecting to employ?
• What about your product or service suite is unique?
• How many employees do you think the business will need?
• Do you know how much capital you will require?
If you know the amount of money you are seeking for the business, you should be able to either show the loan repayment scenario or, in the alternative, give an idea of the corporate share you might be willing to relinquish to an investor if you need outside capital to expand. In either scenario the business plan should include a pro forma financial model including a revenue forecast, break-even analysis, cash flow, balance sheet, and profit and loss. An appendix with Year One monthlies and a sensitivity analysis are also advisable but not required by the SBA. Need help knowing what to include or how to show it? Call MasterPlans. Our company does nothing but write business plans and we can help you get ready for your presentation. 877-453-2011
