The waffle business plan is a simple enough document, but its depth and length depend on who you need to present in front of and just what you envision doing with the waffles you make. If your business is a manufacturing and distribution center—for example, if you make waffle mix in bulk, and seek to sell to middlemen who move the stock to the open market—then your needs in the document are very different than if you want to open a waffle stand or breakfast kiosk somewhere. For the most part, though, the skeleton of the business plan is the same. Questions like, what makes your waffles special? Who is most likely to buy them? And, what are your COGS likely to be?—these and more will all need answers in your plan. The basics:
Who are you competing with?
What other products do you offer, if any?
What are your personnel needs, and when do new people come on board?
How much money do you need and when could you break even?
What is the state of the industry right now, in your area?
You should also be able to write intelligently about how you will market your services, and don't forget to include a biographical piece on each owner. The financial model should show that you know how you will use the funding you receive (start-up summary, by category), and that you can plot out a cash-positive model for at least three years. Use reasonable assumptions and make it clear to a prospective lender that you should be able to repay the debt on time. Need assistance with this plan? No matter what you intend to do with your waffles, MasterPlans can help you. We have the team on-site to develop the perfect business plan draft for your needs, and our expert modelers and researchers can typically deliver you a working plan within 10-14 days. Call toll-free 877-453-2011 to learn more today!
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