ESTABLISHING A BUSINESS PLAN THAT WORKS
Establishing a written business plan is an essential step for anyone starting a new business or making major changes within an existing business. A comprehensive business plan shows whether or not a business has the potential to make a profit. By defining your business and identifying your goals, it helps you
 manage your operations and finances,
 promote and market your business,
 monitor your progress,
 secure loans and obtain credit from suppliers,
 attract investment capital,
 attract strategic business partners, and
 convince workers to hire on.

WRITING THE PLAN
Although there is no single formula for developing a business plan, the basic components include the following:
The Business
 description of the business
 statement of purpose
 reasons for choice of business structure
 detailed description of products or services
Financial Data
 pro forma cash flow
 current and pro forma balance sheet
 pro forma income projections (profit and loss statements)
 breakeven analysis
 capital equipment and supply list
Supporting Documents
 licenses, partnership agreement, articles of incorporation, etc.
 for franchised businesses, franchise contract and supporting documents
 loan agreements
 proposed lease or purchase agreement for building space
 letters of intent from suppliers
 principals’ resumes
 principals’ personal financial statements and tax returns

Please call our firm (303-753-8905, 877-344-6079) to discuss how we can assist you in establishing a business plan tailored to your unique business.