Business Plan Outline

July 29, 2021

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A Business Plan is an important document for your business. It needs to be written by you. You need to know who is your customer before you start. The Business Plan is your roadmap to guide your business venture. The major sections of every business plan are: Company Description, Products & Services, Marketing Plan, Daily Operations, Management & Organization, Personal Finances, Startup Costs & Capitalization, Financial Plan.

Do the Marketing section first. It will describe the customer, the market you are in, the size of your projected market share. the competition, the marketplace and how you will deliver your product or service.

The Financial Plan is also an important section of the Business Plan. This has your sales forecast, projected income statement, projected cash flow statement, and projected balance sheet. An EXCEL spreadsheet is available in the Template & Tools called "Financial Projection Model" and is also one of the workshops frequently presented by the Salem SCORE Chapter.

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Operating Agreement Checklist for LLC and Partnership Agreement

Checklist of common items that should be in Operating Agreements for LLC's and for Partnerships. The items in the checklist must be discussed and are important to be in written agreement prior to starting a business. They are the legal parameters of how the business will be managed and disputs resolved after the business is started. Download a copy of Partnership Agreement Checklist (LLC).

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