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What Exactly is My Business Plan?

Seven Steps to Your Business Plan Success

Think of your business plan as your agenda. 

Your business plan should typically be intended to be amended. It’s perfectly fine to change your mind. 

You may have to present your Business Plan to your financial institution. The financial institution will use the information for the purpose of making you a loan. There are no set formats or formulas to create a successful business plan. You can use your imagination here.

However, there are some basic elements that are required for almost all funding and operating solutions. Already got money? Good. You still may want to create a plan to define your organization's direction.

As you move through these seven steps, make notes. Take out a blank piece of paper for each step. It doesn't really matter which step that you complete first or which step that you complete last. For example, Step three should be your very last. You can jump around through the steps in any order that you like.

During this business planning process, you will gain immeasurable insight into the concepts and possibilities of your business. This stage of your planning will be the most important step toward your success. You will likely end up with a substantial document. 

This document will have, Front Matter--the beginning stuff-- ,a Body--the middle stuff-- and,  End Matter--the final stuff.

Front Matter--

The beginning stuff

Step 1

Your Business Plan will be a professional reflection of your business. You will want to include a Covering Sheet. Make it simple. Center your document's name and include your contact information.

Step 2

Create your Executive Summary. This will be your statement of purpose. Answer these questions in your Executive Summary:

What will be your businesses main goal?

Who will benefit from your product or service?

Who will be your partners?

Where will your business be located?

Step 3

Include a Table of Contents. This will allow your readers to quickly find the specific page with the information that they need.

Body--

The middle stuff

The body of your business plan can be divided into these distinct sections. These sections can be used to describe the different aspects of your business. You can move through these sections in any order or fashion that you like. It is simply impossible to effectively complete these steps in one draft. For example, you may choose to work on one section a day until you have that successful first draft.

Step 4

Create a Description of your business. Ask yourself some general questions.

Am I supplying a product or a service?

Is this a large or a small business?

What type of clients I you work with?

What times of the day or night will I operate?

Use this section to provide information about your businesses key personnel. Include background information of key personnel. Describe their knowledge, skills and abilities. Describe their experience and their qualifications.

Step 5

Take advantage of your Marketing Analysis. This will give you a chance to study your competition. What does your competition provide in comparison to yours? What do they charge for their services or products in comparison to yours? What type of market is there for your business? Where will your business fit in? How will customers know about your business? Will you advertise?

Step 6

During your business planning process, you will find that your business will need some type of Financial Analysis. This section of your Business Plan should begin with a breakdown of your business's assets.

Make a list of the things that you already have.

Make a list of the things that you don’t have.

You will want to include the expected salaries of individuals. You will want to determine how much you will need for your initial inventory, building rent, utilities, and supplies. You can create 3-year profit and loss projection statement.

End Matter--

This is the end stuff.

As you work through these previous six steps, you will probably collect legal papers, rental receipts, resumes and many other supporting documents.

Step 7

Create an appendix. Include important relevant proof of your business plan claims. You may have created spreadsheets for your budget analysis and charts for your marketing plan. Use this section as your proof of your efforts. This section will serve to back up your claims, and illustrate to financial or granting organizations your overall business development.

How to Write a Last Will and Testament

Your Last Will & Testament is your statement of how you want your estate to be distributed after your death. According to the American Bar Association, "A statutory will is a form that has been created by a state statute." These laws vary from state to state and according to judicial jurisdictions. With some preparation, you can usually write a Last Will and Testament free.

Check your state's laws about writing a will. A state's Department of Aging or similar agency website generally has sample documents. There may be a specific format or specific guidelines about filing and executing your will.

Create a title for the legal document. Your title will describe the document; for example, "The Last Will and Testament of (fill in your full name, including any aliases)."

Your first paragraph should include your awareness of who you are and your mental state of mind. For example, "I (name), of (physical and mailing address, city, state, and zip code), being of sound mind and body, hereby declare this to be my Last Will and Testament."

Your next paragraph should affirm this to be your most recent and operative will. For example, "I hereby revoke all previous wills." This statement voids any wills that you have previously written.

The next paragraph should include your beneficiaries. If they are your immediate relatives, such as your spouse and your children, you should clearly list your spouse by name and declare that you will subsequently refer to this person as "spouse." In your next paragraph, you would need to state how many children you have. If you have children, you must state them by name(s). If these beneficiaries are minors, you should name caregivers or guardian(s) for them.

In your next paragraph, you must assign an executor for your will. This will be the person who administers your wishes. Your next paragraph will state how you wish this person to manage your affairs, such as financial obligations, medical expenses, and funeral costs.

Next, you bequeath your belongings. For example, "I would like to leave my comic book collection to my friend Tracy." Continue this process until you have accounted for all of your important possessions.

If you are married, you may want to end with a statement that you wish to "give the rest and residue to my spouse," and include your spouse's name. You may also want to name an alternative person as your beneficiary, for example, if your spouse has already died.

Finally, you must sign and date your will in the presence of two witnesses. These witnesses should be impartial and not affected by your will in any manner. A notary public would be a wise choice for a witness.

Retrieved from the Legal Beagle,

http://legalbeagle.com/6575285-write-last-testament.html

Still Looking for that Dream Job?

What do you really want to do?

Just browsing the possibilities, or just don't like your current job? Then you have already taken your first step toward finding your Dream Job.

Make a list of the activities that you are most interested in. Keep this list short. Only include five-to-seven topics.

Check it twice! For example, If you love Gardening, then, by all means, add it to your list. However, if you do not like working in the hot sun, maybe Gardening shouldn't be at the top of your list.

Break these topics down into knowledge, skills, and abilities. Describe what you already know about these topics, and what you might like to learn about them.

Your knowledge of a topic will include any formal or informal training.

Your skills are tasks that you have performed before.

Your abilities are the scope of what you are able to do.

Review your list and determine if there are any common traits-- knowledge, skills, and abilities-- within your favorite topics.

What is really out there for you?

Begin a job search. You may find your perfect job just around the corner. In your Dream Job, where would you work? Would you work for a giant corporation or a small family-owned business? Look in those areas for possibilities. Many companies in your area already have a website.

The Internet is a fast easy way to find job opportunities. In your search engine tool bar, type your favorite skills, and then type in the location that you would like to work in. For example, type "Paralegal job" and then "Atlanta, GA."

After you have found some potential job ideas, review the job announcements. Find the ones that mostly match your list of favorite things to do. Keep only the ones that really interest you.

Write your resume

I know, that's easier said than done. But, you have already done the hard part. Review your job announcement. Find out what they really want. Focus your resume on the knowledge, skills, and abilities that you have already acquired. Show them that you can do the job.

Provide specific examples of your experience. For example, did you win the Red Ribbon at the state fair this year for your outstanding roses?

Format your resume. Your computer most likely already has a resume builder. If not, you can easily find one online.

Include any activities that you are involved with, like Future Farmers of America (FFA), or Gardening Club of Any-town, Anywhere.

Get the Interview.

Network with your family and friends. Tell them what you are interested in doing. Chances are that they will be glad to help. There may be a similar position where they work, or they may offer some ideas. In any case, they can help you practice your interview.

Your interview will be a chance for you to win your prospective employer over. Prepare for this step, the same as you have prepared for the other three. Do your homework. If you are granted an interview, take the time to look up the companies mission. Determine if you are a good fit with the company before the interview.

Try to think up creative questions that your interviewer may ask. Nervous? Can't think of any?
Try googling "sample interview questions" with your dream position in mind. Have a friend ask you the questions and practice your delivery. This will help you become comfortable with your responses. This step alone will put you far ahead of the pack.

Finally get the job you really want.