The third section is your business profile. Here is where you present the details of how you will do business. Spell out the details about facility rental, materials acquisition, and staffing requirements. Detail the volume of trade that you need to reach the break_even point, and project when you foresee reaching that point. The fourth section is your economic assessment. Explain the niche in the economy that your business will fill, and why it will succeed. Bring in studies provided by regulatory agencies if appropriate and possible. Show demographics and traffic flow if appropriate. Show your potential lenders why your business is the place to put their money. Finally, provide a cash flow assessment, projecting a one_year plan. Again, be realistic, but not pessimistic. Do provide for potential economic difficulties and how you will address them.
Building the Plan _ There are numerous variations on how to write business plans, and, like all good quality business communications, they must be tailored to the individual company involved. The following elements, however, are fundamental to all basic business plans: Start with a Vision Statement. This is a brief outline of your goal in founding your business. This is the big_picture place, so if you are going to get dreamy_eyed and romantic anywhere in your business plan, this is the only place where you might get away with it. Your vision statement may be as brief as a single sentence, but is more likely going to be a short paragraph.