Writing A Business Plan For Success

Business plans are good for entrepreneurs starting a business who want to attract funding and established firms looking to expand into a new venture or grow their business. A business plan is a road map to the success of a business, many businesses fail every year because of improper planning. A good business plan eliminates this dilemma.Purpose: The purpose of a business plan is to help determine the course of the business; where it should be in the future and where to place the resources in order to achieve that goal. It is a document that provides future lenders and investors with proof of the entrepreneurs’ credibility. Thus, making them better candidates for funding.Length: A Business plan wording and formatting should be straight forward and simple. The business plan should not be more than 40 pages. Summary tables and business charts should be used to make the numbers easy to read and grasp. No more than two fonts should be used. Font size should be at least 11 or 12 point size. Page breaks should be used to separate pages and charts.Objectives: The main objective of a business plan is to establish revenue projections for the business and provide details on how the business will acquire the revenue.BUSINESS PLAN FORMATA) Executive SummaryThis is the first section of a business plan. This section is a brief overall summary of the business. It will define the nature of the business. The executive summary should be the last thing written. Once the rest of the components of a business plan have be written, entrepreneurs will have a clearer sense of what to write as their executive summary. The executive summary contains the following:Mission Statement- This is where the business plan states how the customer will benefit from what the business has to offer. The business plan needs to state what products and services the company will be providing.Objective – This is what entrepreneurs expect the business to accomplish, basically setting goals for the company.B) Company DescriptionIn this section, the business plan will go over a detail description of the business. The company description section contains the following:Ownership – What type of ownership will the company be: sole proprietary, partnership, or corporation.Location – This states where the business will be located. Office’s, retail shop and any other type of facility that is associated with the business should be mentioned. A website address should be listed if the business has one.Product & Services – What will the business be providing, will it be a service or a product?Funding – This is where it is stated how the small business will get funded. Funding is broken down into two parts, start-up expenses and start-up assets. Start-up expenses is legal bills, renovation and leased equipment. Start-up Assets are items that the business owners will be using for the business operation. For example, cash, purchased equipment and inventory.C) Management & Operation PlanThis section of the business plan details how the business will function on a day to day basis. It contains the following:Management – This will be a list of the personnel that will have a managerial position and the definition of their role in the business.Operation – This describe the process that it takes for the business to deliver the products or services to the consumer.D) Marketing PlanIt details the small business effort’s to sell the products or services to the customer base. A marketing plan will contain a list of the following items:Industry – This lists all the players in the market; the competition, the type of products and service that they have, the strengths that they have and how they attract customers.Potential customers – This section provides information about the individuals who will be purchasing from the business. The customer demographics will be based on the industry of the company.Advertising- It involves promoting the products or services to the customer base. It lists the different ways in which the business will do this. For example, newspaper, radio, television, magazines, direct mail, Internet or telemarketing.E) Finance PlanCash is the lifeline of a business. Without it, the business will be in jeopardy. This section will contain the following items:Profit and Loss statement – A statement that lists the business’ estimated revenue and expenses over a specific period of time.Balance sheet – Measures the business resources (assets) and obligation (liabilities) and projected balance sheets for the first three years. The first year projections will be on a monthly basis and the second and third year projections are on a quarterly basis.Cash-flow projections – The amount of cash that passes through the business. It lists income and expenses. Cash flow pays the bills.FINAL NOTESCOVER PAGE: The cover page contains the company’s name, address, telephone number, fax number, email address, website and company logo. It should also contain the name and title of the person that prepared it. It should state the name and address of the organization that will be receiving it. For example see below:The ABC Cell Phone Company1234 Main StreetMiami, Florida 56789Telephone: 000-000-0000Fax: 000-000-0000Email AddressWebsite AddressTHE COMPANY LOGOPrepared ByJohn DoeC.E.OSubmitted toMain Street BankMiami, Florida 12345

Why You Should Be Very Cautious About Repaying Student Loans

A college student is considered as an adult and the government and the community start to provide him all the freedoms with associated responsibilities. A student can learn about the financial responsibilities and liabilities when the things are closely concerning the liabilities and responsibilities of a student. These financial issues are taking the students in a field where they are introduced with the worldly things beyond their family’s support. In that time, a student turns out to be an independent individual. Still, the companies are coming up with easy student loans so that the student can easily pay the loan back. The main objective of the companies are making the process easier and repaying student loans simpler to help the students. As a student, you can pay student credit back easily and these loans have hardly any similarity with the conventional loans. You don’t need to have a credit report, or, you don’t need to submit your financial history. Even with bad credit statuses, the students can apply for student loans and get immediate approval if they have legitimate ground in that issue. That’s why government also has changed a few rules so that, the companies can also operate few personal queries about the students’ needs and merits while sanctioning the loans to them. Any student graduating in a higher institution can get easy student credits now. The finance companies are offering the simplest services regarding repaying loans as well. Even if you have taken multiple loans, you can pay student loan very easy with multiple associations from the student welfare companies.To make sure that you are availing the best possible option under your student loan, you should carry out a few things accordingly. You can get easy loans any time during the study period when you’re graduating in a higher educational institution. But, while repaying student loans, you should consider a few steps that will help you to get rid of the loan and pay loan back in a timely manner. This will also allow you to avoid any complications while repaying. First thing, you should be very regular with your payments. You should always get the money to the banks or, the financial institutions within time each month. Try to save the money from the ongoing month, so that you can pay student loan first in the upcoming month. If you are prompt about repaying loans, this will allow you reputation as a borrower and you can expect your easy student loans applications granted at any time during the academic career. Then you should consider the available repayment options. Try to learn about all the available options for the students. This will help you to compare in between them and pick up the best one for you. In some cases, it is seen that a student has applied for a loan and got his application approved, but the notorious loan rates are making his life more difficult instead of helping him financially. That’s why you will need to make sure that there is no other payment schedules and durations available for students like you which are more convenient for a student.Once you have managed a student loan for yourself, you should be very conscious about maintaining a sound financial profile afterwards. This will help you in your future too.

Why to Trade in Binary Options? Top 6 Reasons

Making money online is difficult. No one can show even one single business that runs without risks. Quality of living is improving but at the cost of higher expenses. On the contrary however, income possibilities remain bottlenecked. People look for fast methods to earn money. While some experts say that there is no such thing as fast money, some people still manage to make money faster than others. What is their secret? Some people have exceptional talents that they harness to reach the top of money-making chain. For others, the journey seems never-ending. However, there is a way out. There is a method that will allow you to earn money quickly but that involves risk.Binary Options trading is one area that everyone with a minimum risk appetite can explore to earn that extra cash flow which will allow them to fulfill their dreams. Compared to FOREX Trading, Commodity Trading, Stock Trading etc., Binary Options is new. This form of online trading was introduced to general public in 2008 but today, it is a multi-trillion dollar industry where thousands of traders make more money in a single day compared to what people with a day job would make in a month!Yes, there are risks and the greatest threat is that of losing money. Incorrect trades can lead to disastrous losses but such losses can be minimized with proper training and knowledge. Understanding the market extremely challenging and no one in this world can say with confidence that he or she knows the market inside out! But those equipped with knowledge and analytical skills can minimize the risks. This article here will not cover any form of training but will tell you top 6 reasons why you should trade in binary options.6 Reasons to Trade Binary Options
Calculated Risks: Unlike FOREX, commodity or stock trading, trading in Binary Options allows traders to work with predefined risk-reward ratio. Even before a trader opens a trade, he or she will know how much money he or she will make in case of a winning trade or how much will be lost in case of a losing trade. Specific trading tools are available where traders can define the amount of risk they want to take. In other words, they can allocate the loss percentage in they lose their trades. If they actually lose, the options broker will only deduct the predefined loss from the actual trading amounts and refund the remaining amounts to the traders. This is not available with any other form of trading.
Fastest Trading: Only in Binary Options can a trader complete a trade in a time frame as low as 30 seconds. There are only a handful of brokers such as Banc de Swiss that allow 30 seconds trading. Other brokers will offer a minimum trading time frame of 60 seconds. 60 seconds still remains fastest trading when compared to FOREX, commodity or stock trading.
24/7 Trading Opportunity: Traders can trade in Binary Options market for 24 hours a day, 7 days a week. So, people with day jobs can actually trade during night or weekends. This flexibility is not available with other forms of trading.
There is no Buying or Selling Involved: Unlike other forms of trading, traders do not need to buy or sell anything. Traders simply need to guess the direction in which the price of an underlying asset will move. If the predictions turn out to be correct, traders win or they lose.
Very Small Initial Deposit: Unlike other forms of trading, Binary Options trading requires very little initial deposit. Some brokers will allow traders to start trading with just $100. Standard however is $250, which is still very low compared to FOREX, commodity or stock trading.
Trade from Anywhere in this World: All option brokers in market offer state-of-the-art online trading platforms that can be accessed from anywhere in the world. Traders will only need a desktop or laptop with an active internet connection to access their online account and they can trade from anywhere they wish. Even better, many brokers have introduced mobile trading platforms so that traders can trade using their smartphones and tablets even when they are traveling.
But remember, trading in Binary Options can be a risky affair and you can lose your money. So, it is always essential that you learn how to trade.

Are You Choosing the Right Stock Market Advisory Company

What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.

If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:

How much assistance do you actually require?

Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.

Choose a top ranked advisory company

It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.

Asking for a sample financial plan initially makes sense

When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.

Conclusion

The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.

Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.

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