Business Plan for Start Ups
1. Executive Summary
1. What will be the name of your business?
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2. Introduce the owners of the business. Indicate previous work experiences, education, and the motivation for starting the business venture.
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3. Describe the owner(s) work experience and education.
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4. What motivated you to start this business?
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5. How much financing do you need to start your business venture? These will be your "sources of funds" and will match your "uses of funds" in Question 6.
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6. Please detail your "uses of funds" below. Indicate how much of your start up funds will be used for each (although not all of the categories may be applicable.) Again, the total of these values should be equal the "sources of funds" in Question 5. These may be estimates and can change as we develop the plan together.
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Business Plan For Start Ups
2. Start up Summary
7. Please draft a mission statement below. (Ex. What are the core principles driving your business? Are you focused on growth, market position, ROI, or other goal.)
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8. What are three keys to the success of your business?
9. What type of business structure do you plan to choose for your business?
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LLC
Corporation
Sole Proprietorship
S-Corp
Partnership
Other
10. Where do you plan to have your business located? Specifically, where will the location of your building be, and what is the background of the building (what was it used for previously)? Will you need to renovate this building?
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11. What is your estimated start date, and do you have any plans for a grand opening?
12. Do you need any licenses to start your business?
No
I am not sure
If yes, which licenses will you require to start your business?
13. Please provide a detailed description of your facility to include the areas seen below. For signage, please include the specific dimensions of the signage. For parking, please include the number of parking spaces as well as the location of said parking spaces. For the storage area(s) and actual room(s) in the facility, please describe them as if you were providing a mental image of what the facility is to look like. Also make sure to include the square footage of each area within the facility as well as for the property as a whole.
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Business Plan for Start Ups
3. Products or Services
14. Select the days of the week you will be open.
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
List your hours of operation each day you are open here:
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15. Please provide a description of the products and/or services you will offer.
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16. List the prices of your most common product(s) and/or service(s) in this section, and describe how you set your pricing. How will you price your products to stay competitive while still earning a profit? If you have a menu/price list, please upload it below
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Menu/Price List
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17. List your suppliers/vendors and what they will be providing your business.
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18. Discuss the technology your business will use. For example, Point-of-Sale (ex. Square), Bookkeeping (ex. Quickbooks), Operational Technology, or Other.
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19. Our business plans incorporate the first 3 years in business, is there anything you envision adding after being in business for 3-5 years?
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Business Plan for Start Ups
4. Operations
20. Describe the process that your business uses to create products or serve customers. If you are a manufacturer, please describe your manufacturing process from beginning to end. (Ex. Customers can give their orders at the counter/bar or can have a server take their order. Customers must bring their checks to the cash register to pay their bills.
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21. How will you distribute your products and/or services to your customers? Do you offer delivery services?
22. What is your operating capacity? If you have multiple revenue streams, please detail it for each. In other words, describe the maximum number of customers that you can serve or products that you can produce per unit of time "e.g., per day, per week, per month, etc."
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Business Plan for Start Ups
5. Competitor Analysis
23. Who are your top competitors? List their locations and their significant strengths and weaknesses.
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Business Plan for Start Ups
6. Marketing & Sales Strategies
24. How do you plan to advertise and promote your business (select the strategies from the drop-down list, and you can explain in more detail in the "other" comment box)?
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Based off of your strategy selection above, write a detailed version of what you will do in those strategies.
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Business Plan for Start Ups
7. Human Resources
25. Indicate the responsibilities of each of the owners and their functions within the business. The bank will require each owner to submit a resume with the business plan. Please provide below or to your business consultant as soon as possible.
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Please provide resumes here.
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26. Indicate the owner's withdrawals. Specify whether the withdrawals will be yearly or monthly:
If the owner(s) do not plan to take a salary at this time, leave the boxes above empty and check this box.
No Salary
27. Describe the employees you will have, including positions needed for the next 3 years. Include their responsibilities, pay, projected hire date, and hours worked.
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28. Indicate which businesses will be providing accounting, attorney, insurance, and credit card processing services to your business. Include Where your website will be located as well if you have one.
Email
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example@example.com
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