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The following system has helped hundreds of entrepreneurs make their business idea a reality and we are confident that it will help thousands more, including yours, now that it is available on the internet. Will it take some dedication on your part? Sure! Starting a business is not easy. But the fact is that many entrepreneurs spend countless hours or even days wasting their time just figuring out what to do next.
This system guides you through the process of obtaining financing using Capital Business Plan Basic and the articles available in the Business Resources section of our website in six short weeks. Where additional resources are available text is highlighted with links to help you through the process.
Week 1 – Market Research and First Business Plan Draft
o Draft Business Description section of the business plan.
o Complete Market Research for your Target Market.
o Draft the Market Potential section of the business plan.
o Determine an annual range of sales based on the data collected.
Week 2 – Planning Operations and Obtaining Cost Quotes
o Draft the Operations Plan section of the business plan.
o Complete a list of Startup Expenses and Startup Assets needed.
o Determine Monthly Overhead based on the Operations Plan.
Week 3 – Target Marketing
o Review the Business Description, Market Potential, and Operations Plan.
o Draft the Marketing & Promotions section of the business plan.
o Draft the Management section of the business plan.
Week 4 – First Complete Draft & Financial Projections
o Review/Revise all sections of the business plan.
o Draft the Executive Summary section of the plan.
o Use the list of Startup Expenses, Sales Projection, and Monthly Overhead projection you completed to develop full sets of financial projections.
(Note: Three Year Financial Projections are recommended for bank loans/investor financing. Financial Projection Only programs are available through Ultimate Financial Forecaster and BizPlan Financials.)
Week 5 – Final Revision & Presentation
o Review & Revise your Completed Business Plan and Financial Projections.
o Research Government Programs for Small Businesses.
o Present the plan to lenders or investors in your area to obtain financing.
Week 6 – Approval, Disbursement & Registration
o Once funding is approved choose the appropriate legal structure and register your business with the appropriate agencies.
o Set up a business checking account and Record Keeping System like QuickBooks or Quicken Home and Office.
o Notify vendors, suppliers and your commercial realtors of approval.
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