It is presumed that you are a self-employed person and looking for finance from a reputed lender, they asked you to submit your business plan for their assessment of considering finance to your business. So as a newbie you have to take consultation from a guide for preparing an acceptable plan for your proposed business. Here, I have tried to provide a basic format of the same which can help you to prepare it yourself.

Introduction:

This section discusses the background of the business and reasons on what ground you are asking for a loan.

Outline the Project:

A. Name of the firm:

B. Location of establishment:

C. Concise description of the project:

1. Concise narration of trade (Kinds or type of industry):

2. Highlights of the findings with each phase of the project study. Proponent, Managing, and Personnel

A. Proponent: Refers to owners, undertaking originators, causes, and proprietors. In many cases, these tasks are represented by only one person.

B. Managing Officers of the business and their skills supporting skilled firms throughout the operating time period

C. Already Engaged or Requirements of Personnel

Market, Demand & Supply:

A. Market:

Small descriptions of the market to go into detail about the potential buyers and users of the product plus the areas regarding dispersion.

B. Demand:

1. Consumption during the past 5 years

2. Major users of the product

3. Projected consumption for the next 5 years

C. Supply:

1. Supply for the past 5 to a decade is broken down because the source whether or not imported or even locally made

2. Factors impacting trends during the past and upcoming supply

Competitive Position:

1. Prices — For instance a price study indicating the past import and domestic price ranges, the high and lower prices in just a year plus the effect regarding seasonality.

2. Competitiveness in the caliber of the solution

3. Methods of transportation

4. Programs of distribution

5. General business practices — that is a practice regarding the competition that exists with marketing.

Product or Services:

A. Product standards include your description of the kind and quality of services.

B. Plant area

1. Sketch a map featuring the plant area

2. Desirability regarding location

G. Building and facilities

1. Sorts of building and costs regarding construction

2. Floor region involved

That’s all, now your business plan is ready to submit. Never be disheartened and underestimate yourself. There are so many qualities with you, use them.

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