Looking for a small firm business plan because you need funding for your modestly-sized U.S. operation? Not to worry, you're in great company. There are “one-man†and “single-employee†companies by the hundreds in every city nationwide, and you have a special foothold in a market that may sometimes feel like it privileges the traditional SMB. But in order to get a bank loan to expand your operations, or even a line of credit to stay afloat, you need to have strong credit, collateral, and a track record of good business practices. You also need a business plan that:
• Shows a profitable three year forecast
• Details your past performance
• Outlines the intended use of funds
• Profiles chief competitors and threats
• Offers a new marketing strategy
• Highlights your strengths, gaps, etc.
The business plan for a small firm can benefit from details about how being smaller can help you in the market. Are you more nimble? Responsive to customer complaints? Better able to secure new client accounts through networking? Whatever the advantages are, jot them down and make it clear that you can compete well even in a market of larger players. Be sure, too, that your pro forma shows a favorable picture without resorting to outlandish assumptions or an abnormally high net profit percentage. Want assistance with your plan? MasterPlans has been writing for small business entrepreneurs since 2002 and we can help you get into business as well. Call 877-453-2011 today.
