4 Elements to include in your Business Operational Plan:
- Management and organization
- Who is going to manage the business?
- Include professional and advisory support positions, such as board of directors, attorney, accountant, insurance agent, banker, bookkeeper, mentors, key advisors, etc.
- How much money will be contributed by each investor
- What ownership percentage will each investor have? What rights does that percentage give the investor?
- Personal Financial Statements-include personal financial statements for each owner and major stockholder, showing assets and liabilities held outside the business
- Startup Expenses and Capitalization
- Accurately estimate your startup expenses
- Add contingencies where necessary
- Financial Plan-include:
- 12-month profit and loss projection-at least
- Cash-flow projection
- Projected balance sheet
- Break-even calculation
Lastly, include details and studies used in your business, such as:
- Industry studies
- Blueprints and diagrams of facility
- Detailed list of equipment owned or to be purchased
- Copies of leases, deeds, contracts
- Market research studies
- List of assets available as collateral for a loan
Please know that each and every business is unique; so, not all aspects of a business plan will apply to your business. Use what works for you and your business.
If you have any questions please do not hesitate to email me at email@example.com firstname.lastname@example.org call 919-335-5291.
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