Use the tools below to copy the article in plain text form, or you can copy it as HTML, ready to copy and paste directly into a web page.
HTML <html> <head> <title>The Easy Steps to Starting Your New Business</title> </head> <body> <h1>The Easy Steps to Starting Your New Business</h1> <div class="info">Author: <a href="author_1_116785.html">Ken Lordis</a></div><div class="body">For those of you who are more familiar with how businesses, banking and lenders operate, it may benefit you to use the following as a guideline for starting a small business enterprise. The following should make it easier, but if not that just contact me.<br /> <br /> Step 1<br /> Introduction<br /> There are standards that should be followed when creating this type of business document. Precise, no mistakes, organized and looking professional is the first step in starting a small business. Neatly typed on white paper - nothing fancy. The start-up business plan is no different than a comprehensive book report. Detailed information on contact the author including title, sub-title, name, address, phone, email etc.<br /> <br /> Step 2<br /> Executive Summary<br /> This simple one page business overview is arguably the most important single part of your document. In it you'll want to emphasize the factors that you believe will lead to success. One or two paragraphs that simply explains what you want to do and what the rest of document will support.<br /> <br /> Step 3<br /> Table of Contents<br /> This makes it easier to identifies particular documents in your business plan, not only for you also anyone who examines your new business project.<br /> <br /> Step 4<br /> Business Structure<br /> The requirements for starting your new business really begins here and should include:<br /> • A full Description of Business<br /> • The Type of Business Organization you are putting together<br /> • Who is involved in the Management Team<br /> • Where is your new business going to be located<br /> <br /> Step 5<br /> Market<br /> Through each topic of this section in your Business Plan there should be considerable more detail. <br /> • Product/Service<br /> • Market Trends<br /> • Target Market<br /> • Competition<br /> • Competitive Advantage<br /> • Market Share Estimates<br /> <br /> Step 6<br /> Marketing & Sales Strategy<br /> This step of the new business proposal is as important as the previous one and should be considered the heart of the new venture.<br /> • Pricing and Positioning<br /> • Sales<br /> • Advertising and Promotion<br /> <br /> Step 7<br /> Operating Requirements<br /> The step of the new business is really the mechanics of operating your new venture. It forces you to plan in detail each step in running your business.<br /> • Production of the Product/Service<br /> • Staffing and Employees<br /> • Management and Administrative Support<br /> • Regulatory Requirements<br /> <br /> Step 8<br /> The Financial Plan<br /> This step is about the money. Not only how much you need to operate your new venture, but an accounting of where the money is going to go.<br /> • Startup Budget<br /> • Break-Even Analysis<br /> • Twelve Month Cash Flow<br /> • Three Year Cash Flow Analysis<br /> • Three Year Income Statement<br /> • Three Year Balance Sheet<br /> <br /> Step 9<br /> The Sources and Uses of Funds<br /> When you do acquire the money to start your new business, exactly how are you going to spend it.<br /> • Use of Funds Statement<br /> • Personal Financial Statement<br /> <br /> Step 10<br /> Analysis of the Risks and Rewards<br /> On this step you get to play devils advocate and try to determine the downside of your new business investment. Allowing for all of the risks that may come up and how you will try to deal with them successfully as a new business owner.<br /> • Risk Analysis<br /> • Strategies to Address Risks<br /> <br /> Step 11<br /> Memorandum<br /> This last step fills in all of the charts, graphs and lists of things that you will need to start, operate and succeed in your new business. Rather than putting them in each section, use this all inclusive area for the accounting and economic details.<br /> • Direct Competitor Analysis<br /> • Labor Force Profile<br /> • 12 Month Cash Flow Projection<br /> • Startup Budget<br /> • 12 Month Cash Flow Projection <br /> • Break-Even Analysis of Sales <br /> • 3 Year Cash Flow Statement<br /> • 3 Year Income Statement<br /> • 3 Year Balance Sheet<br /> • Personal Financial Statement<br /> • Equipment List<br /> </div> <div class="source">Article Source: <a href="http://www.articlealley.com/article_556731_15.html">http://www.articlealley.com/article_556731_15.html</a></div> <div class="author"> <div class="authorOccupation"><strong>Occupation:</strong> Writer</div> <div class="authorBio">Ken has created numerous start up businesses within various industries from import/export, food service, retail, computer technology, real estate, advertising, magazine publishing and others. He has been a consultant and corporate analyst for an even wider variety of industries as diverse as power plants and agriculture. He has published guides for business plans, financing and capital acquisition. Currently he is writing articles full time. </div> <div class="authorUrl"><a href="http://www. ProBusinessHelp.com" target="_blank">http://www. ProBusinessHelp.com</a></div></author> </body> </html>
Text The Easy Steps to Starting Your New Business Author: Ken Lordis For those of you who are more familiar with how businesses, banking and lenders operate, it may benefit you to use the following as a guideline for starting a small business enterprise. The following should make it easier, but if not that just contact me. Step 1 Introduction There are standards that should be followed when creating this type of business document. Precise, no mistakes, organized and looking professional is the first step in starting a small business. Neatly typed on white paper - nothing fancy. The start-up business plan is no different than a comprehensive book report. Detailed information on contact the author including title, sub-title, name, address, phone, email etc. Step 2 Executive Summary This simple one page business overview is arguably the most important single part of your document. In it you'll want to emphasize the factors that you believe will lead to success. One or two paragraphs that simply explains what you want to do and what the rest of document will support. Step 3 Table of Contents This makes it easier to identifies particular documents in your business plan, not only for you also anyone who examines your new business project. Step 4 Business Structure The requirements for starting your new business really begins here and should include: • A full Description of Business • The Type of Business Organization you are putting together • Who is involved in the Management Team • Where is your new business going to be located Step 5 Market Through each topic of this section in your Business Plan there should be considerable more detail. • Product/Service • Market Trends • Target Market • Competition • Competitive Advantage • Market Share Estimates Step 6 Marketing & Sales Strategy This step of the new business proposal is as important as the previous one and should be considered the heart of the new venture. • Pricing and Positioning • Sales • Advertising and Promotion Step 7 Operating Requirements The step of the new business is really the mechanics of operating your new venture. It forces you to plan in detail each step in running your business. • Production of the Product/Service • Staffing and Employees • Management and Administrative Support • Regulatory Requirements Step 8 The Financial Plan This step is about the money. Not only how much you need to operate your new venture, but an accounting of where the money is going to go. • Startup Budget • Break-Even Analysis • Twelve Month Cash Flow • Three Year Cash Flow Analysis • Three Year Income Statement • Three Year Balance Sheet Step 9 The Sources and Uses of Funds When you do acquire the money to start your new business, exactly how are you going to spend it. • Use of Funds Statement • Personal Financial Statement Step 10 Analysis of the Risks and Rewards On this step you get to play devils advocate and try to determine the downside of your new business investment. Allowing for all of the risks that may come up and how you will try to deal with them successfully as a new business owner. • Risk Analysis • Strategies to Address Risks Step 11 Memorandum This last step fills in all of the charts, graphs and lists of things that you will need to start, operate and succeed in your new business. Rather than putting them in each section, use this all inclusive area for the accounting and economic details. • Direct Competitor Analysis • Labor Force Profile • 12 Month Cash Flow Projection • Startup Budget • 12 Month Cash Flow Projection • Break-Even Analysis of Sales • 3 Year Cash Flow Statement • 3 Year Income Statement • 3 Year Balance Sheet • Personal Financial Statement • Equipment List Article Source: http://www.articlealley.com/article_556731_15.html About the Author: Ken has created numerous start up businesses within various industries from import/export, food service, retail, computer technology, real estate, advertising, magazine publishing and others. He has been a consultant and corporate analyst for an even wider variety of industries as diverse as power plants and agriculture. He has published guides for business plans, financing and capital acquisition. Currently he is writing articles full time. http://www. ProBusinessHelp.com
return to article
