The debt settlement business plan has become increasingly common as the fluctuating economy brings out business models that seek to help people manage or retire debt. The recession and real estate market turbulence, coupled with job losses in most states, have led to a surge in activity from debt services companies both on the mitigation and the collections ends. Where does your business idea fall? Make sure that you clearly articulate the value proposition of your debt settlement business so that the investor or lender knows what sort of intervention you propose. Look closely at competitive comparables to make this clear. Other factors to consider:
• What future services might you offer, if any?
• How many employees will you have?
• Do you need a set office location, or is the business virtual?
• Are there permits and licenses you will need?
• Can you show your start-up costs by category?
The business plan for debt settlement also needs to carefully forecast potential revenues over a period of three years (for bank lending or SBA review) or five years (for private investors or the venture capital audience). This should include a full model with revenue, break-even, profit and loss, cash flow, balance sheet, and sensitivity tables, along with a monthly breakdown for year one post funding. MasterPlans has the experts in house to help you prepare the perfect debt settlement plan. Our business planning expertise has no parallel in the industry and we can get you a presentation-ready plan in as little as two weeks. Call today! 877-453-2011.
